You’ve worked hard to save for retirement – prioritizing your goals along the way.
We know how exciting retirement can be after years of hard work. So have you considered how you’re going to spend your “me time”? How long you’ll live is an important factor that impacts how long your money needs to last. Canadians are living longer than before, which means you’ll likely need more to support your retirement dreams.
With retirement approaching, you might be imagining what 20, 30 or 40 years of life will look like once you're retired. You’ve worked hard to get yourself to this point and would want to make sure you are confident in your financial plan that is tailored to your unique situation.
It’s important to have a retirement income strategy that sets the stage for a long and enjoyable retirement. Part of creating a plan that works for you involves setting realistic expectations about your saving and spending habits. Working with your advisor will help you stay focused on the things that matter, rather than the checks and balances of financing your retirement.
Do you think you’ll spend less in retirement? Some say you’ll spend the same, or maybe even more. To help you position for a bright future, you can read about the three steps at https://www.canadalife.com/investing-saving/retirement/how-to-transition-to-retirement.html