The Simple Retirement Plan

The Simple Retirement Plan

by | Jun 12, 2017 | Retirement Planning

Simplicity is a beautiful thing.

It’s difficult to keep things simple. Taking a complex process and making it simple is a challenging task. A lot of effort goes into making something simple.

Retirement planning is no different. It can be a difficult and complex process. With lots of estimates, plus difficult calculations, it can be overwhelming. There are multiple income sources like CPP, OAS and pensions. There are multiple accounts like RRSPs, TFSAs, LIRAs, RRIFs and LIFs.

It doesn’t need to be that difficult.

Planning for retirement when you’re young can be as simple as doing one thing. By doing this one thing year in and year out you’ll set yourself up for a solid retirement.

What is the simple retirement plan?

It’s just one thing…

Factors That Could Affect The Size Of Your CPP

Factors That Could Affect The Size Of Your CPP

by | May 8, 2017 | Government Programs, Retirement Planning

For most of us retirement is a long way off. That shouldn’t stop you from thinking about your retirement plan. Having a solid retirement plan usually means starting early. Having even a rough retirement plan in your 20’s and 30’s can help alleviate a lot of financial worry.

A big part of retirement planning revolves around government run retirement plans like CPP.

CPP stands for Canada Pension Plan and the goal of CPP is to replace around 25% of your income in retirement up to a maximum amount of $13,370/year.

There are many factors that could affect your CPP however. Being aware of these factors will help you create a good estimate of how much you need to save for retirement.

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