Building and preserving wealth together.


Retirement Income Planning

Most surveys done today show that a high percentage of Canadians feel they are not saving enough for retirement, are worried about not having enough money during their retirement years, and lastly aren't informed enough about savings plans for retirement.

Here is the results of a large Canadian bank survey at the end of 2009


  • Younger Canadians, those aged 18-34, (45 per cent) and females (37 per cent) are less likely to have started saving for retirement.
  • Many Canadians are waiting until the last minute to contribute to their RRSPs. One-in-three (35 per cent) who plan to make a one-time RRSP contribution expect to do so just before the March 1st, 2010 deadline.
  • Only one-in-four Canadians (24 per cent) plan to maximize their RRSP contribution for the 2009 tax year. Canadians aged 18-34 (35 per cent) are most likely to maximize their RRSP contribution.
  • Among Canadians who have an RRSP, 76 per cent plan to contribute at least as much as what they contributed in 2008.
  • Only one-in-three RRSP investors (31 per cent) make regular contributions through a plan.

By taking the first step of calculating the amount of funds that you will need for retirement with your financial advisor, you will be able to come up with a plan to achieve this target.Please see the link below for an approximate retirement savings needs analysis.

Need help?

Let us help you.  Contact your Advisor or our office to assist you in your financial health and well-being.