Retirement reality checks: Honest answers to your questions about retirement
We asked our savers about how they're managing their retirement. Their stories are sure to help you find some clarity as you look ahead to your own retirement.
Do you have questions about your finances as you approach retirement? That's perfectly normal! To set your mind at ease during this period of change and major financial decisions, we've prepared a series of testimonials from retired savers to help shed light on subjects that are as sensitive as they are fundamental. We hope their experiences will help you find the answers you're looking for.
Concerns as you approach retirement
How much money do I need to retire comfortably? When is the right time to retire? It's not always easy to talk openly about money and get the answers to our questions. Whether you're wondering when to stop, trying to assess whether your savings
will meet your needs once you retire, or thinking about your life expectancy so that you can plan accordingly, we've got honest answers to the questions on your mind.
Handling the unexpected during retirement
Planning is essential if you want to make the most of your retirement. And yet, certain unexpected events can change the course of your personal and financial circumstances. Discover how these savers have dealt with the unexpected in retirement
and the valuable lessons they've learned.
Retirement savings: A lifetime of preparation
It takes years to save for retirement. Our retired savers discuss the strategies that helped them reach their goals and allowed them to start this new chapter in life on the right foot.
Read our articles for tips and tricks on how to manage your retirement
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7 questions to ask yourself as you approach retirement
Is retirement an ambiguous subject for you? Don't worry, you're not the only one with retirement questions on their minds. For this reason, the Financial Planner and Flexifonds Mutual Fund Advisor, Nasser Mama, compiled a list of answers for several common questions.
Withdrawal calculator: estimate your RRIF minimum withdrawals at age 71
Fonds de solidarité FTQ has developed a calculator that will give you an idea of what your RRIF approximate minimum withdrawals might be each year, as of age 71.
8 retirement withdrawal strategies: RRSPs, TFSAs, RRIFs, and more
Nasser Mama, FlexiFonds mutual fund advisor, shares his 8 essential tips for establishing an efficient withdrawal plan for your retirement savings.
Converting your RRSP to a RRIF: Everything you need to know
In this article, we walk you through when, why, and how to convert your RRSP to a RRIF, and most importantly, how to optimize the transfer for tax purposes.
4 tips to grow your money during retirement
Do you know how to grow retirement money?
To help you make the most of your savings, here are a few tips from François Lincourt, Director, Advisory Services, Savings Market, Flexifonds.
Choosing retirement savings solutions
Once you have retired, it's best to see a financial advisor to ensure you choose the best savings vehicles for your situation. This is the ideal professional to guide you in your decisions. Ideally, you would meet a few advisors and ask about the fees associated with their services and their compensation.
Your retirement could last 30 years. Will you be prepared?
How many years will your retirement last? Here, we explain how to factor in life expectancy and start assessing your savings needs.
A guide to phased retirement and working during retirement
Here's what you need to know to begin phased retirement while optimizing your financial situation.
