Retirement Planning
Planning for retirement is an essential component of a long-term financial plan. Most people today have questions about their retirement plan and many want to know how long they can maintain their current lifestyle when they retire. Here are some general retirement planning questions that you, like many of our clients, may like to have answered:
- Can I afford to retire? If not, how much more time or money do I need?
- What are my options in the trade-off between added pensionable service and immediate payout?
- Should I stay in the plan or transfer the commuted value?
- What are Pension Adjustment Reversals and what impact will they have?
- When I take early retirement, should I take a lump sum or a monthly salary continuance?
- What other sources of income are available and what impact will they have on my ability to retire?
- How will my pension be affected by CPP integration?
- How do all my investments come together to provide retirement income?
- Should I buy back past pensionable service? If I do, will the payment be tax deductible? Is it worth using my RRSP to do it?
With the help of our wealth planning group, we can provide guidance on issues like the above and give you a written recommendation for your consideration.
