Retirement Planning Basics

Retirement means something different to everyone. A person who’s planning to while away the hours at home will have different retirement income needs than someone planning to be a globetrotter or a golf addict.

When planning for retirement it’s important to:

  • Know how much income you will need to support your chosen retirement lifestyle
  • Identify which sources of income you will have in retirement (i.e., pensions, Registered Retirement Savings Plans, non-registered investments)
  • Review your investments regularly to ensure you have the right mix of investments and that you’re on track to meet your goals

The sooner you start saving for retirement, the more control you will have.

It’s also important to remember that retirement planning doesn’t end once you actually retire. You may stop working, but you shouldn’t stop investing and planning.

Contact an Interior Savings branch to find out more about your retirement saving options.

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