Objective
Depending on the retirement you want to achieve, a variety of investment solutions may be suitable for you. They are designed so you can reach your goals thanks to carefully selected investments.
Duration
As you think about your retirement, it may be useful to consider the duration of your investments. Your investments will be put in place so they can benefit you the most based on the date you plan on retiring.
Risk tolerance
Your risk tolerance may also be assessed based on your planned retirement date, in order to identify the best investments for you.
Types of savings
To maximize your investments and reach your goals, you may contribute to one of several savings solutions. You can also make the most of your savings by combining any of these products.
- RRSP
- TFSA
- Annuity products
- RRIF
- LIF
- LIRA
Advantages
Retirement planning means making investments today that will pay off later. Here are some benefits of these investment products designed with your best interests in mind.
- Tax-free savings
- Registered retirement income
- Life income
- Locked-in retirement fund
- Disability savings
In any case, seek guidance from your representative!
When planning for your retirement, it is essential that you save enough money to fulfil your dreams and carry out your projects. I can help you make sense of the many factors that affect how much money you have to set aside. Admittedly, saving requires some effort on your part, but there are many ways to stay within your budget and parameters when investing.
Thanks to my knowledge, you get a host of advice and best practises that fit:
- Your budget
- Your financial situation
- Your short-, medium- and long-term projects
By considering these parameters together as a whole, I can direct you to the best investment solutions. Find out how much you need to save for your dream retirement today!