Providing holistic retirement planning that considers taxes, insurance, health care, housing and estate planning is an opportunity to reinforce the value of advice
. Get exclusive investment industry news and insights, the week’s top headlines, and what you and your clients need to know.
The RRSP has dominated the retirement narrative since its inception more than 60 years ago, with Canadians embracing it as the primary vehicle to invest and save for their golden years.
For example, retirees might be surprised to learn how their investments and their different income sources will be taxed in retirement. Without an effective tax strategy in place, that could eat into their available income significantly – and its sustainability.
Once the client is more familiar with the different aspects of retirement planning and has set out goals for the future, begin building a financial plan with them that includes retirement expenses, different sources of income, creating a will, taxation and inflation considerations, and potential risks to income.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why gas prices are so wretchedly highTristin Hopper: The post\u002DCOVID world is thirsty for oil, and not enough places are pumping it
Read more »
Matt Gurney: Why Pierre Poilievre is talking about housingIdentifying the problem is easy. Fixing it is going to be, really hard
Read more »
JoJo Siwa 'not sure why' she didn't get an invite to Nickelodeon Kids' Choice AwardsJoJo Siwa says she's not sure why she didn't score an invite to the '2022 Nickelodeon Kids' Choice Awards.'
Read more »
Why Canadians aren’t getting their COVID boosterHealth reporter Carly Weeks talks about the low uptake of COVID-19 booster shots in Canada and why the government’s messaging needs to improve
Read more »
Dawn of the pet-friendly workplace: Why bosses should do more to accommodate pet ownersFirst hand: It\u0027s not just about inviting dogs to the office, but welcoming people with pets and even giving them benefits for vet bills
Read more »