The 10 most common questions as retirement approaches
We know that retirement brings many questions. That’s why we are here to answer them and support you every step of the way! Before getting started, here are the most common (and relevant!) questions as retirement approaches.
Questions to help you prepare for retirement
Do you have all the answers to these questions? We are here to discuss them with you. Contact us today to properly prepare for your retirement and fully enjoy this new stage of life!
- How much should I have saved based on my lifestyle?
- How can I estimate my expenses in retirement?
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Will I run out of money if I live longer than expected?
- Should I withdraw first from my RRSP, my TFSA, or my non-registered accounts?
- How can I minimize taxes on my withdrawals?
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How can I structure my income to avoid paying too much tax?
- Should I apply for the Canada Pension Plan (CPP) and Old Age Security (OAS) at 60, 65, or 70?
- Is it beneficial to defer my benefits to maximize my income later?
- What types of investments are suitable for retirement?
- Should I adopt a more conservative approach?
- How can I avoid depleting my capital too quickly?
- Are annuities a good option for me?
- Should I invest in income funds or bonds?
- How can I balance guaranteed income and growth potential?
- Should I pay off my mortgage before retirement?
- How can I prevent my debts from affecting my budget?
- Will I be taxed differently once I retire?
- How can I reduce my overall tax rate?
- How much should I budget for medical expenses not covered by the government?
- Is long-term care insurance a good option?
- Will I be able to maintain my current lifestyle?
- Should I consider working part-time or can I afford to volunteer?
- Do I need a will or a protection mandate?
- How can I prevent my heirs from paying too much tax on my estate?
- Is it relevant to give part of my estate during my lifetime?
Retirement is a time filled with opportunities, but it requires careful planning to ensure your financial security.
We are here to help you answer these questions and build a plan tailored to your reality. Whether it is structuring your withdrawals, optimizing your taxes, or planning your estate, our advisors are available to support you at every step of this transition.
Do not hesitate to contact us for a personalized consultation and take a confident step toward a well-prepared and peaceful retirement!
- Get a personalized financial plan (or a retirement plan)
- Review your current situation
- Access tools to track your progress
- Plan your withdrawals wisely
- Prepare for or manage an estate with peace of mind
Get in touch with us:
T 514 788-6485 | Toll-free 1 800 291-0337
Monday to Thursday, 8 am to 8 pm | Friday, 8 am to 5 pm