Retirement planning consists of knowing the money you will need when you retire (in the form of income that will complement the public pension) and how you will get it. In planning, it is essential to periodically determine if the money income Planninged during the savings period will be sufficient to cover future needs. Retirement planning …
Until recently, many retirees relied on three established sources of retirement income: a defined benefit pension plan that guaranteed income for life, their own savings, and the Canada Pension Plan. Over the past twenty years, the first of these sources has almost disappeared and many defined benefit plans have been replaced by defined contribution plans. …
John Labunski -Four Essential Elements of Retirement Planning Read More »
