Retirement Math & Planning

Retirement planning is a primary financial goal for most Canadians. It's a goal that requires considerable commitment financially, especially when 49% of Canadians hope to retire by the age of 60.

It doesn’t matter whether you already have an established Retirement Savings Plan or are just beginning, Beyond Numbers can help.

Beyond Numbers likes to abide by these 3 general rules of thumb when it comes to retirement planning:

• Start now
• Save now
• Stay invested.

We recommend that you invest what you can now and slowly try to increase this amount every few months. Keep in mind that small amounts can accumulate significantly over time and remember, it doesn’t matter when you start investing; the key is to stay invested as long as you can. The more time you have your investments locked in, the more they will benefit from compound growth.

Beyond Numbers is a firm believer in diversification. You can spread your risk by undertaking various investments, therefore reducing the impact of one poor performer in your portfolio.

 

Expert Advice with Beyond Numbers

There are many questions that surround setting up a proper retirement plan in Edmonton, so trust the professionals at Beyond Numbers and call us today.

Please visit our contact page here to speak with a member of our team.