Individual Investment Services
Individual Retirement Planning
If you're like most people, you know how important it is to save for retirement, and maybe you've already started.
The big question for most is: How much do I need to save to reach my goals? Not to mention, what are my goals? How much income will I need when I retire? What will a dollar buy in 25 years compared to what it buys today? Will I have other sources of retirement income? How much will CPP pay me each month, if anything?
By reviewing your current situation, and making projections for the future, we at Dehoney can tell you how much you'll have at retirement, and what your expected monthly income will be.
We can work with you on the following steps, to establish where you are currently, and ensure there are no surprises as you approach retirement:
• Gather information on your current financial picture. How much are you saving? How much do you have saved? Does your employer offer a retirement plan? What is your current age and income? When do you plan to retire?
• Input your data and complete several projections to show you how things will look down the road if you continue on your current path.
• Assess the projections and make suggestions on what you need to do to meet your goals. Alternatives and their results will be discussed at this point.
Retirement planning can be a complex process. We will make every effort to simplify the process, and help you get where you want to be. Retirement planning is not the only step however - don't forget to review your investments. Is your portfolio earning an adequate return? We can help you with your investment planning also.
As retirement approaches, you've hopefully accumulated enough funds to allow you to enjoy a comfortable and secure future. The questions we most often hear from our clients considering retirement are:
Do I have enough to retire?
What annual income can I expect?
How much will I receive from CPP/OAS and will it be clawed back?
Which savings should I draw income from first?
A Dehoney specialist will undertake a detailed analysis of your financial picture, and provide answers to your questions. We'll consider your marginal tax brackets, possible clawbacks, and structure of your savings, and tailor a plan to maximize your take home pay, and minimize your taxes.