Canadians are living longer than ever before and facing a greater responsibility to fund their retirement. Saving and building a “retirement nest egg” for the future is becoming more important. However, many people are not saving enough to maintain their desired standard of living throughout their retirement.
In retirement, most people have a reduced income since they are no longer working. It’s important to think about how much you will need to retire comfortably, whether you will be relying on a reduced income, and whether that will be enough.
Since we’re living longer and our life expectancies continue to increase, our retirement savings will be stretched further. To help yourself prepare for a comfortable and sustainable retirement, you will need to plan your retirement carefully. The earlier you start planning; the more options you will have.
With proper planning, you can save enough for the standard of living or lifestyle you want in retirement.
The WEALTHinsurance.com® professionals are specialists in retirement planning and will guide you through the process to achieve an optimized retirement.