Retirement

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:

  • Define your objectives
  • Project how your situation will change
  • Analyze gaps: compare required income to available income
  • 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

 

Canadian Institute of Actuaries. Mortality table UP-94 projected up to 2015. 
Financial planning services are offered by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. National Bank Investments Inc. is registered as a financial planning firm in Quebec.

Optimum return on your investments

  • Find out what asset allocation is best suited to your investor profile and, if necessary, obtain a blueprint charting your transition to an optimal investment portfolio.
  • Obtain recommendations for your optimal asset allocation, based on your objectives.
  • Tailor your portfolio to the projects you have planned.

Regardless of your investment objectives and the size of your portfolio, we can help you optimize your financial position based on your investor profile.

Your Financial Planner will take a proactive approach to helping you complete each of the following steps:

  • Determine your investor profile
  • Set your investment objectives, based on your risk tolerance and target returns
  • Review your current asset mix
  • Analyze the type of income you receive and assess its tax impact on your financial position
  • Determine which information could limit your investment strategy, especially with respect to legal, taxation and estate issues
  • Choose the main investment instruments and the most efficient structure for your situation

 

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

Plan for your loved ones

  • Review your will and estate plan to ensure they remain compatible with your changing plans.
  • Make sure your assets are transferred smoothly and in accordance with your wishes, in a structured, timely manner, while minimizing your tax burden.

Preparing an estate plan will prevent family, taxation and legal problems for your heirs. If you have a valid, up-to-date estate plan and will, you can be confident that your wishes will be respected.

 

We recommend that you meet with a professional to complete the necessary documents.
Financial planning services are offered by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. National Bank Investments Inc. is registered as a financial planning firm in Quebec.

Enjoy peace of mind

Because the future is uncertain, we will work with you to make sure that you and your family are financially secure.

Obtain more information about our insurance solutions

 

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

Manage your finances efficiently

  • Manage your assets and liabilities to optimum effect.
  • Maximize your finances and free up cash for projects you care about.

Whether you want to manage your personal debts or take on a major project, such as buying a business, your Financial Planner can help you by analyzing your current situation and your needs in order to propose the best solutions.

Your Financial Planner will help you:

  • Set financial objectives
  • Draw up and analyze your personal balance sheet and budget
  • Assess your borrowing capacity
  • Determine financial and tax strategies that will allow you to efficiently manage your assets and liabilities while maximizing your net worth

 

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

Minimize the effects of taxation

  • Take advantage of the various income tax modes, deductions and credits available.
  • Maximize your finances and free up cash for projects you care about.

Income taxes significantly reduce your net income and ability to save, negatively affecting your wealth.

To ensure optimal financial planning, your Financial Planner will use a comprehensive approach to:

  • Estimate your annual tax burden
  • Analyze your investment portfolio and assess tax impacts
  • Identify eligible options for reducing your income tax

 

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

Integrate your legal considerations into your financial planning

  • Determine the information and documents that could have a legal impact on your life projects.
  • Take advantage of advice to settle legal questions concerning you and your spouse, your family or your business.

Some aspects of your life, such as matrimonial regime, family assets and the administration of your assets in the event of incapacity, can affect your personal finances.

Each situation is unique, and legal matters are frequently of great importance.

Your Financial Planner’s overall expertise will enable you to:

  • Integrate into your financial planning legal elements that are essential to growing your wealth
  • Make adjustments based on your objectives with the assistance of a legal professional, lawyer or notary

 

We recommend that you meet with a professional to complete the necessary documents. 
Financial planning services are offered by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. National Bank Investments Inc. is registered as a financial planning firm in Quebec.