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  • Darryl Smith

Are You Financially Ready For Retirement?


Are You Financially Ready For Retirement?
Are You Financially Ready For Retirement?

The day is drawing closer. After years of planning and investing in your future, your retirement date is just around the corner. However, are you sure you’re financially ready to retire? I can help answer that question for you. It’s estimated that roughly 35% of Canadians approaching retirement have little to no savings. It’s important to look at your retirement from all perspectives to make sure you have all your boxes checked off. If you’ve completed these three very important steps outlined below you’re well on your way, but if you’d like a second set of eyes to review your plans we can set that up too.

1. You have reviewed your current investments


Firstly, it’s important to review your current savings and evaluate if you have enough. Are you unsure of how much you need to have saved before you retire or worried about any financial setbacks you might have had? There is no need to stress! Speaking with a trusted financial advisor can assist you with that by helping you discover your savings in areas like your insurance policies which you may have overlooked. In Canada, there are many opportunities available for you to maximize your savings and invest more in your retirement. Have you looked into RRSPs and TSFA accounts? Do you know their true value and how to convert those investments into retirement cashflow? Visit this area of our website and review these and other investment options. If you’re unsure whether you’ve got what you need to live your retirement in comfort let me know and together we will