Planning for Retirement
Retirement planning in today’s economic environment requires a new approach to ensure your income will last a lifetime.
The days of retiring at 65 with a gold watch, health benefits and employer paid lifetime pension are essentially gone for the majority of us and it’s time to plan for it.
Canadians are living longer thanks to advancements in medicine and surgical procedures, at the same time we are seeing an erosion of government and employer sponsored programs.
Traditionally, retirement income comes from three primary sources, employer, government and personal savings. In the past, our retirement income was predominately provided for us by our employers and government programs.
Unfortunately, this is no longer available to the majority of Canadians and we must take responsibility for the success of retirement going forward.
Today, contributing 10% to retirement savings is just not enough, 20 – 25% of our gross income is a more likely amount in order to provide enough funds in retirement.
Traditionally, funds were invested in a variety of investment tied to the performance of the stock market. However, we are now seeing a resurgence of savings in guaranteed products such as ANNUITIES and WHOLE LIFE INSURANCE.
Choosing the right mix of investments to create an ideal portfolio starts with understanding your comfort level with risk and reward. Use the INVESTOR PROFILE QUESTIONNAIRE to find out what type of portfolio is right for you.
“Synergy Life offers a wide range of investment and annuity options to help you meet your savings and retirement goals.”
At Synergy Life, we understand financial markets fluctuate over time. It’s important that your portfolio is positioned to ensure protection during market downturns, and is also able to take advantage of market upswings as well.
Focus on asset allocation
As financial advisors, our role is to protect the interest of our clients and help them focus on what they can control, that is, establishing boundaries for risk and return, and diversifying assets.
Synergy Life Financial offers comprehensive and trusted retirement planning solutions to our clients in Ontario, Canada. We can help you gain control of your finances and reach your financial potential. Contact us now!