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Retirement looks different today there's so much you want a retirement, but you need to plan for it that's why there's money from life it's an approach to retirement that plans for your changing needs so you can live your retirement to the fullest, but first it's important to make sure your basic needs are covered for life think of the possibilities that can come when you build on a strong foundation let's talk basic needs planning your retirement is exciting whether you see new hobbies more family time or return to school in your future retirement is an opportunity to live out your passions you also want to make sure that health expenses don't keep you from enjoying your lifestyle and that you can leave a legacy for what matters to you lifestyle health and legacy needs can ship throughout retirement but your routine expenses your basic needs will always be there things like transportation housing and food are all basic needs have an existing insurance policy the premiums are a basic need any debts he may be committed to after retirement basic need is your gym memberships cable a weekly golf game non-negotiable than for you these are basic needs your basic needs are as unique as you are, so they need to be clearly defined as part of your retirement plan in retirement you won't have a regular paycheck like you did when you were working, so your income will likely come from a few places your advisor can help you calculate the retirement income you'll have to cover your basic needs sorting through government sources of income and other sources of guaranteed income can get confusing, but an advisor will help you make sense of it all and the really important part an advisor will help you see your basic income gap for most Canadians comparing your basic needs to your guaranteed retirement income means you'll find a basic income gap your basic expenses that won't be covered by your expected income this gap might seem scary, or you might think you can just run off or your nest egg to cover your basics, but before you do that there are uncertainties to consider you don't know how long you'll live, and you can't predict how market people form an advisor can show you how some products can give you a guaranteed check each month for the rest of your life, so you can retire with confidence knowing your basics are covered and start planning the lifestyle you really want when you sit down with an advisor it's best to have an understanding of your current situation and what you want in retirement define and estimate your basic needs you'll also need to bring information about any investments and defined benefit pension plans that will contribute to your retirement income and be sure to bring your notice of assessment, so the advisor can help you calculate your CPP or PPP imagine the confidence of knowing you've covered your basics no matter how long you live or how markets perform meet with an advisor today to discuss how you can plan for your strong retirement...
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