Resolution 2020 – Making a Retirement Plan You Can Stick To
1. Make a plan
Retirement planning is so much more than putting money into your RRSPs every year. While it’s a great start, you need a diversified investment plan that is tailored to you and your retirement goals. Your retirement plan needs to take into consideration all current and projected income and expenses, while also factoring in a long-life expectancy and future health and wellness needs as you age. If you own a business, there’s another layer of specialized planning needed to allow you to maximize your business wealth when you sell, or hand over the reins. An experienced financial advisor can help you start and stick with a retirement plan that is rock solid and won’t leave you stranded.
2. Get automated
Gone are the days when we had to