Retirement planning

Start planning your retirement lifestyle today. You will be able to set objectives and determine your needs.

According to recent statistics, Canadians are living longer than ever. As a result, there is a 50% chance that, in every couple, one of the individuals will live to the age of 90. By planning for your retirement now, you are putting time on your side!1.

Your Financial Planner will analyze your current situation and help you plan for your financial security so that you can retire with peace of mind. Your Financial Planner will also recommend personalized strategies to implement at the appropriate time.

To create a strategy tailored to your reality and retirement dreams, your Financial Planner will take into account the following elements:

  • Your retirement goals
  • Your planned age of retirement
  • Your financial needs after retirement
  • Your current financial position, your income streams and the number of years remaining until retirement
  • Factors that influence your ability to save
  • Your pension plan and the available government programs
  • Retirement risks

The process of drawing up a retirement plan is made up of four main steps; your Financial Planner will provide guidance and advice throughout the process:

  1. Define your objectives
  2. Project how your situation will change
  3. Analyze gaps: compare required income to available income
  4. Select the solutions best suited to your needs

Furthermore, your Financial Planner can access a cutting-edge financial planning tool created exclusively for National Bank. This tool can determine whether you will have enough funds to maintain a comfortable standard of living for the rest of your life, based on the growth of your accumulated capital and your life expectancy.

Your Financial Planner also examines potential sources of income and how they will change over time, while assessing your estimated cost of living and projected tax situation. Specifically, the following aspects are analyzed:

  • Employment income
  • Pension plan
  • Canada Pension Plan (CPP) or Quebec Pension Plan (QPP)
  • Old Age Security (OAS)
  • Investment income
  • RRSPs/LIRAs/RRIFs/LIFs/TFSAs
  • Non-registered plans, annuities
  • Other taxable and non-taxable income


Post-retirement planning

When the time comes to choose the best ways to save and make withdrawals, many questions need to be answered. What is the best withdrawal strategy? When is the right time to convert your RRSP into a RRIF? Which income sources should you draw on first? Every decision you make will affect your wealth and standard of living.

Our Financial Planners draw on their wide experience to advise you so that you can make sound decisions that reflect your needs and retirement goals. Your Financial Planner will be at your side to:

  • examine various strategies and run short-, ,medium- and long-term retirement income simulations
  • determine if the funds available to you at retirement will meet your retirement goals
  • prioritize which income sources to draw on
  • provide you with advice on various income-splitting strategies and other tax strategies that could affect your retirement income
  • reassess your retirement plan


1Canadian Institute of Actuaries. Mortality table UP-94 projected up to 2015.

Financial planning services are offered by National Bank Securities Inc., a wholly-owned subsidiary of National Bank of Canada. National Bank Securities Inc. is registered as a financial services firm in Quebec.