You've worked hard to amass your wealth. And as you embark on this new stage of life, the last thing that you want on your mind is the management of your finances. By creating a wealth management plan that corresponds to your new life, you can get yourself retirement ready and free up more of your time.
Securing Your Future
A financial plan can provide you and your family with the peace of mind that comes from knowing that you have not only given thought to your future, but have begun to build the path towards it.
We are living longer, healthier and more productive lives. As a result, you can now expect to spend one-third of your lifetime in retirement. Ensuring that you are prepared and have established a roadmap for your future financial success is critical in securing your financial well-being.
The financial planning process reviews your personal circumstances, develops appropriate strategies and responds to changes in your life, as well as changes in the world around you. Regardless of your stage in life, it is important to take control of tomorrow, by creating a financial plan today.
Creating Retirement Income
One of the most important decisions you'll have to make is how to transition your Registered Retirement Savings Plan (RRSP) into an income stream. There are a number of ways to put your RRSP to work during retirement. The money you accumulated during your years of saving and investing is converted to a vehicle that provides you with income. Instead of making contributions, you will rely on withdrawals from your nest egg to subsidize your retirement expenses.