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RETIREMENT PLANNING
Retirement planning, for people of
wealth, is a common topic of concern for people living in the United
States. Our southern neighbours, however, aren't the only nation where
people aren't sure whether they can maintain their lifestyles and wealth
through their golden years.
Here in Vancouver British Columbia there are also significant retirement
concerns due to the high cost of living in the Lower Mainland. Many
imagine retiring with enough wealth and supplemental income to live a
worry free life for the rest of their days. Naturally life can
complicate those dreams if proper wealth management and a detailed
retirement plan are not implemented well before your retirement date
approaches.
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WHAT MAKES RETIREMENT PLANNING?
Retirement planning and
wealth management go hand in hand. For this reason many wealthy
Canadians are advised to consult with a wealth management
specialist as early as possible to develop a detailed plan that
is customized to their individual situation.
Coupled with government-sanctioned incentives, such as income-tax sheltered accounts and income tax deductions for retirement contributions, the aforementioned wealth management plans make up the bulk of what many Canadians consider retirement planning.
SUCCESSFUL PLANNING AND INCOME SOURCES
A major focus of
retirement planning involves finding ways to maximize your
wealth and after-tax retirement income.
Due to inflation and the high cost of living, most people cannot
rely solely on government pensions for retirement income and do
depend on their wealth producing another income source to
supplement future living costs.
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OTHER CANADIAN RETIREMENT RESOURCES
Retirement planning and wealth management for Canadians may seem complicated, but various resources exist to help make the process far more simple. Visit the following links to learn more about retirement planning in Canada:
CanadaBenefits.gc.ca's Benefits Finder (English)
www.canadabenefits.gc.ca/f.1.2cw.3zardq.5esti.4ns@.jsp?lang=eng
Service Canada's Retirement Planning
www.servicecanada.gc.ca/eng/lifeevents/retirement.shtml?utm_source=vanity+URL&utm_medium=print+publication,+ISPB-147&utm_term=/retirement-planning+&utm_content=Mar+2013,+eng&utm_campaign=CPP+retirement+planning
When you are ready to take the next step to protect your wealth
call Wealth Management Vancouver at 604-670-7817 to schedule an
appointment with a wealth management advisor.
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