Knowledge is Power. It’s TIME to walk my dog!

Posted on: June 29th, 2017 by Kevin Lavigne

Are you behind or ahead on your retirement savings? What does actually mean to you?

Everyone has heard that you need to save 10% of your pay cheque to reach your retirement goals. In fact it all depends when you start saving.
Fidelity says that you need to save 15% of your salary for 30 years to maintain your lifestyle throughout retirement. So if you started in your 20’s then yes 10% might suffice.

On the flip side if you’re starting in your 50’s then they estimate that you need to save 39% of your income which for most would be a stretch for most.

You can approximate your net worth and see where you fall compared to other Canadians with a wealth test but in reality it doesn’t matter if you’re happy with those results or not, you still need a plan.

You need to know what your options are, whether there are opportunities to work less sooner or you might need to increase your savings to reach your goals. Perhaps you can increase your travel budget now or buy that new house you’ve always wanted.

Our financial planning process takes where you are today and helps you get to where you want to be most efficiently with a few stops along the way.

Stop guessing and make an appointment with us to see how our process will give you all the answers you need.

My plan is complete so I am going to go walk my dog.

Comments are closed.