Retirement Planning

You Ready for What's Next?

When can you retire, and will your money support the life you want?Retirement is one of life's biggest financial transitions. After years of saving and building wealth, the focus shifts from accumulating assets to turning what you've built into income you can rely on.But how do you know when you're financially ready? How much income will you need? And how can you make your savings last while still enjoying the retirement you've worked toward?

 

At YourLegacy.ca, we help individuals and couples in Kitchener-Waterloo understand their retirement options, connect the different pieces of their financial picture and develop a plan for the years ahead.

 

What Does Your Retirement Plan Need to Consider?

Retirement Readiness

When can I retire?

 

Understand how your savings, investments, pensions and expected expenses affect your retirement timeline. Explore different scenarios to see how retiring earlier or later could influence your financial future.

 

Retirement Income Planning

Will my money last?

 

Develop a strategy for turning your savings into retirement income. This includes coordinating RRSPs, RRIFs, workplace pensions, CPP, OAS and other income sources to support your lifestyle throughout retirement.
 

Tax-Efficient Retirement Strategies

Am I keeping more of my retirement income?

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The order and timing of withdrawals can affect how much tax you pay. Explore opportunities for tax-efficient withdrawals, pension income splitting and managing taxable income throughout retirement.

 

Investment & Wealth Management

Are my investments positioned for retirement?

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As your income needs change, your investment strategy may need to evolve. Review portfolio diversification, investment risk, income requirements and opportunities for continued growth.

 

Protecting Your Retirement

What if life doesn't go according to plan?

 

Inflation, market fluctuations, unexpected expenses and changing healthcare needs can affect your retirement finances. Consider how your plan can prepare for uncertainty while protecting your long-term financial security.

 

Making Your Retirement Income Work Together

Retirement income rarely comes from one source.

 

You may have RRSPs, RRIFs, TFSAs, workplace pensions, government benefits and non-registered investments. Each comes with different considerations for withdrawals, taxation and long-term planning.

 

At YourLegacy.ca, we help you understand how these income sources fit together, when to access them and how different decisions may affect your financial future.

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The goal is to develop a coordinated retirement income strategy that supports your lifestyle while considering taxes, investment risk and the years ahead.

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Retirement Is About More Than the Numbers

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Financial readiness is important, but so is knowing what you want retirement to look like.Perhaps you're hoping to travel, spend more time with family, pursue new interests or support the next generation. Your retirement plan should reflect those priorities. We take the time to understand what matters most to you, explore your options and help you make informed decisions as your circumstances change. Because retirement planning isn't only about having enough money. It's about understanding what that money can make possible.

 

Let's Talk About Your Retirement

 

Whether you're five years from retirement, considering retiring sooner or already enjoying your next chapter, we're here to help you understand your financial options.