Written by: Tradex
Over the last couple of months, we have reviewed the primary sources of income in retirement: your public service pension plan (PSPP), Canadian government pension plans and your personal savings. This month, we discuss the need to bring all these notions together with a Retirement Income Forecast.
As you prepare for retirement, you want to ensure that your retirement income is adequate with your expectations and goals. A detailed personalized retirement forecast will allow you to reflect on your retirement planning and assist in answering many financial questions.
- When is the best time for me to retire?
- How much should I put aside to supplement my pension incomes?
- When is the best time to begin receiving CPP and OAS?
- Will I benefit from pension income splitting with my spouse?
- How do I minimize any OAS Clawback?
- TFSA or RRSP? How do I build an investment portfolio that fits my objectives?
- When should I make contributions (withdrawals) to my RRSP and/or TFSA?
- How does inflation affect my retirement lifestyle?
Our first in-person pre-retirement course for Ontario Public Servants is now SOLD OUT!
Attendees will get their questions on retirement answered and an opportunity to have a
FREE PERSONALIZED RETIREMENT INCOME FORECAST
If you are not attending our in-person pre-retirement course but wish to have a retirement income forecast, you can download the retirement questionnaire here and send your completed form by email at info@tradex.ca. For more information, please contact us by phone at (613) 233-3394 / Toll-free: 800-567-3863 or visit our website at www.tradex.ca
A Tradex advisor will help you interpret the results of your Retirement Income Forecast.
As part of the pre-retirement course, watch for our upcoming Webcast on October 25th, 2023, on the “Seven Common Mistakes in Estate Planning”
