Enjoy Your Golden Years With Sound Planning

Whether you plan to travel, pursue new hobbies or just maintain your current lifestyle, you'll need to invest your savings to turn those dreams into reality. If not, you could be disappointed and your golden years may be less enjoyable.

Because of that, contributing to a Registered Retirement Savings Plan (RRSP) is essential. The money you invest in your plan today is deducted from your taxable income and grows tax sheltered until you retire. When you retire and are typically in a lower tax bracket, you can begin to withdraw income from your accumulated assets. With the tax advantages RRSPs offer, these plans should constitute the backbone of every Canadian's retirement-saving strategy.

 

Retirement Strategies To Meet Your Needs

As you progress through life, you'll need to develop your retirement strategy as follows:

• Planning
  The earlier you begin saving, the larger your nest egg is likely to be

• Accumulation
  Taking control of retirement assets to meet your investment goals for the future

• Payout
  By understanding your RRSP maturity options, you'll be able to organize your assets to ensure an adequate cash   flow at retirement

 

Solutions No Matter What Stage You're At

No matter which part of the retirement planning cycle you're in, our Investment Advisors can work with you to help you fulfil your retirement dreams. CIBC Wood Gundy offers solutions to meet your individual goals.