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Saving for retirement

Get on track for your dream retirement

Make sure the numbers add up

You've got a lot on your plate with family life, plans, financial responsibilities and more, but you can still take time to prepare for retirement.

"If we are facing in the right direction, all we have to do is keep on walking."

– Joseph Goldstein, American author

5 tips to help you save

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Review your goals on a regular basis

Your dreams and interests will change over time. Re-evaluate your needs once a year and make sure that the amount you're saving for retirement will allow you to meet your goals. Meet with an advisor if your plan needs tweaking.

Use our calculator to figure out how much to save for the retirement you want.

Calculate

Graph showing saving 10% of your annual income for retirement

Set up systematic savings

Rather than contributing to your RRSP or TFSA at the end of the year, you can make smaller contributions regularly throughout the year. A good way to do this is through systematic savings: automatic withdrawals debited to your bank account. Simple and smart!

Not sure how much to save weekly or monthly? Answer a few quick questions to find out.

Plan my retirement

Graph showing saving 10% of your annual income for retirement
Graph showing saving 10% of your annual income for retirement
Graph showing saving 10% of your annual income for retirement
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Consult a specialist

At this stage of life, you want to make smart investments as you prepare for retirement. Not sure how to get there? Meet with a financial advisor who can help you fine-tune your retirement plan. An advisor can help you identify the best financial approach for your situation—and your dreams!

Make an appointment

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Manage your finances effectively

Adopting good spending habits, keeping your debt down and using your credit card wisely are just some examples of sound financial management.

Find out how you can reduce the taxes you pay on your investments by making the most of tax-free savings plans.

 

Further reading

Improve the Return on Your Investments

Get a bigger tax refund

Couple managing their finances with calculator and tablet
Couple managing their finances with calculator and tablet
Couple managing their finances with calculator and tablet
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Treat yourself and enjoy life

Preparing for retirement takes some work, but you don't need to sacrifice today to live well tomorrow. Your advisor can help you figure out how you want to live after retirement and make the right decisions to get you there.

RRTTEEEIMN

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More steps to planning your retirement

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Ready to make your retirement dreams come true?

Talk to one of our experts to get tailored advice.

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