Planning for Retirement

Planning at 20, 40 and 60

Learn to differentiate the bumps in the road from the real obstacles to retirement. Start with focusing on your dreams for life after work, then leave it to our advisors to help you get there.


In Your 20's

From a senior's perspective, a twenty-something is young, flexible and able to spring back from anything. This is true physically and financially. A twenty-something could have invested in stocks and weathered the 2008 market decline and easily be back on their feet today

Having said that, most 20 year olds don’t have big portfolios. Their challenges lie in weathering today’s tough job market rather than the stock market. So what should they do? Say no to frivolous expenses. Become a disciplined saver. Pay off your credit cards every month. And siphon something off of every pay cheque for your future Then, when the time is right, you can deploy your cash into the markets and set yourself up for the future. With 40 plus years ahead of you for investing, you’ve got more than enough time to plan for and realize your dreams.


In Your 40's

Let’s jump ahead to middle age. Married. Children. And aging parents. It’s a busy time and it’s easy to find priorities other than saving. But it’s also the age when you realize time is finite. With 20 years or so before retirement, you need to focus on your goals.

Cut back on pointless expenses wherever they may be—extra cable channels, expensive phone packages, etc. Even negotiating better interest rates on everything from your mortgage to your credit card can net you the extra cash you need for investing.

Remember to look backwards and forwards. When we examine the stock market since 1926, there was not a single rolling 20-year period in that time when the S&P 500 (including dividends) lost money. And that’s true in inflation-adjusted terms as well. You’re not a kid anymore, so remember to think critically and analytically about where and how to invest. And seek out professional advice—don’t do it alone.


In Your 60's

No one likes a recession or bear market in housing or stocks but people in their 60s feel especially nervous about the regular gyrations of the economy. That’s because at this age, you can pretty well see how much money you’ll have to retire on—or not.

It’s the time of big questions. How much do I need to live on if I stop working now, or in 5 or 7 years? You may have always thought the answers would be straight forward, perhaps an online calculator could just let you know? Unfortunately not.

A professional Financial Advisor can help you maximize your savings through smart tax planning, creating new income streams, investment ideas that lower your taxes, and a whole host of other strategies made to synch your investments with your needs.

Wealth Preservation or Growth

People today live longer and healthier lives than ever before. But enjoying that life takes means. No one wants to outlive their money. Longer life expectancy means Canadians may have to consider investing longer than their parent’s generation did.


Retirement Ahead

Stages in Your Life

In each stage of life, your priorites are different.