Retirement Income Planning

With Canadians facing many challenges as they transition into retirement, the traditional financial planning and investment strategies such as asset allocation may no longer be enough to protect assets and ensure a sustainable retirement income stream, especially during volatile market conditions.

Looking for solutions to retirement income risks?

See some video examples of that may relate to you and your situation.

 

WHAT ARE YOUR RETIREMENT INCOME RISKS?

INFLATION RISK

 

Inflation over the long-term can significantly erode buying power. For example, what $1,000 could buy today is not what it will buy 20 years from now.

 

 

 

MARKET VOLATILITY

 

During retirement, an investor’s rate of withdrawal and the order or sequence that they earn their market returns can have a dramatic impact on their portfolio’s ability to last. For example, if an investor experiences poor market returns early in retirement this may have a dramatic impact on how much income they can continue to take or how long it will last.

 

 

 

LONGEVITY RISK


Compared to previous generations, both male and female Canadians can expect to live longer lives and could spend as much time in retirement as they did working.

 

LIQUIDITY

 


An investor may want to have access to cash from their investments to cover off unforeseen expenses, make a large purchase or enjoy an exotic vacation. Every investor
will place a different level of importance on the flexibility and ease of access they have to their money.

 


BEHAVIOUR


Sometimes investors are prone to knee-jerk reactions to changing market conditions, which may not be in their best interest. These reactions have a dramatic impact on
their long-term investment performance and retirement income plans.

 
ESTATE GOALS

 


Every investor will differ in terms of the importance they place upon leaving a legacy to their loved ones or charitable causes.

 

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