Are you planning for retirement? If not, you should be! There are numerous reasons why even young working Canadians should be looking forward to their financial futures by planning for retirement now.
Here are just a few reasons – as well as what you can do to get your financial future in order today!
You Want to Live Independently
Far too many older Canadians end up living with relatives or in community housing – or even with their adult children – simply because they can’t afford to live on their own. With measly or nonexistent retirement savings, this could be you, one day. Don’t let your independence be stripped from you, especially if you retire earlier than you originally planned.
You Don’t Want to Be Limited to Government Assistance
There is nothing wrong with accepting the help of the Canadian government when it comes to affording necessities after retirement or in the case of an emergency. Many families and older Canadians are saved from going without things they need – such as medication and basic hygiene items or food – by receiving this aid. However, if you don’t want to be limited to what the government is able and willing to provide through whatever programs you qualify for, be sure to save for retirement on your own. That way, you’ll have additional resources at your disposal – and some of what you want, in addition to what you need.
If you’re looking for help planning your Kamloops RRSP or making other arrangements for your retirement, contact your nearest financial planning expert. They can help you establish a goal and work toward it, so that you aren’t blindsided when retirement finally arrives. Whether it’s next year or decades from now, planning ahead means that you’ll be prepared to enjoy yourself when the time comes. Are you ready?