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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