Retirement is not a “one size fits all” next phase of life. It will mean something different to each of you. But without proper planning, your retirement years could fall short of expectations. We know too many retirees who are no longer happy. And it’s not about the money.
This may come as a surprise to you, but people, including you, don’t have an inherent need to retire or to stop working. In fact, when we peel back the onion with people, we learn that retirement isn’t their goal, freedom is.
And most of the people we talk to define freedom as the knowledge that they can meet their expenses, both now and in the foreseeable future.
Determining why you want to retire may be the most important decision you will make about the rest of your life. So, let’s start by talking to you, not about your goals, but about your values and your intentions instead.
Once your ‘why’ has been established, we’ll help you understand what your retirement can look like and how you can fund it while addressing potential red flags. We’ll work with you to:
• Develop a sound cash flow plan for spending in retirement;
• Review your government benefits, e.g., CPP and OAS, to identify the optimal time to begin drawing these benefits to maximize the likelihood that your financial plan will be successful;
• Help you understand the mechanics behind taking portfolio withdrawals to support your freedom;
• Assess the impact of a health-related issue, or issues, on your overall retirement plan.
Let us help ensure your success with a thoughtful, realistic, and collaborative retirement plan.