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Retirement Planning Components

• Debt Free
• Assess Sources of Retirement Income:
  • - Pension plans
  • - RRSPs
  • - Other income investments
  • - Government plans
  • - Inheritance
  • - Work after retirement
• Assess Retirement Income Needs:
  • - Established & Projected Taking Inflation Into Account
  • - What % of Today's Income Will You Require?
• Finalize Retirement Housing Requirements:
  • - Keep
  • - Sell
  • - Vacation Property
  • - Other

• Assess Major Capital Requirements:
  • - Before Retirement
  • - After Retirement
• Cheque Writing Money (non-RRSP funds / savings):
  • - New car, home renovations, & emergencies
• Allowances For Surprises (health care costs, taxes, utilities, etc.)
• Secured Line of Credit (75% value of home)
• Unsecured Line of Credit
• Disability Assessment (accidents & sickness):
  • - Pre-retirement
  • - Replace Income & Savings For Retirement
  • - Post Retirement
  • - Assess Critical Illness & Long Term Care Needs
• Estate Planning Including Up to Date Wills and P.O.A.s