Retirement portfolios are designed to provide a lifetime of income. But over a lifetime, they face the treacherous storms of a continually shifting investment climate!
When you consider all that’s plaguing investors today – the threat of war, plunging confidence, deteriorating trust in corporate leaders, accounting scandals, plunging interest rates and stock levels hitting all time highs then retreating to lows – it’s no wonder that retirement planning may be complicated. After all, how can you plan for a goal amid such uncertainty? And how much should you save?
Conventional wisdom has always been to accumulate enough capital to replace about 70% of your pre-retirement income. Is that enough? Fidelity feels that Canadians aren’t saving enough. For that reason, Fidelity has developed an easy to use Retirement Readiness Snapshot™ tool. Check it out – 6 quick questions, then contact us to discuss the results.
Since the new benchmark may be closer to 80% rather than 70%, and due to the fact that retirement is changing, your plans need to be refocused with this in mind.
Key benefits we provide:
- Helping you determine and clarify your goals
- Assisting you to devise a financial "Road Map" to crystallize your goals
- Portfolio analysis
- Asset allocation
- Portfolio selection
- Portfolio maintenance
Retirement planning can be different depending on which of the retirement stages you are in.
One of the pitfalls we see in dealing with clients whose wealth accumulation plans have been successful is that they end up in a tax trap with their registered investments (RSPs, LIRAs, RRIFs, etc). As a result, we have developed strategies to transform this highly taxed capital into tax favorable capital.
Please note: Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
RJ Rau & Associates is a personal trade name of Dan Lebelle.