If you are asking how do you calculate how much do you need to save for retirement there is a process to follow. First you need to determine what retirement success looks like to you. Your retirement planner may be trained to help you if not a lifestyle planner could.
The next step to figure out what that lifestyle would cost and make a retirement budget. Now you can do some meaningful calculations. Total up what income you expect from any government plans, pension plans, etc. Compare this amount to your retirement lifestyle budget. The difference is what needs to be funded by additional savings. There are calculators on the websites of financial institutions to give you an idea.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local Retirement Planner, you could start with a Google search. For example, if you search for: retirement planner Halifax or retirement planning Halifax, my name, along with several others, will come up. You can use the same method to find Retirement Planners in your community.
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The next step to figure out what that lifestyle would cost and make a retirement budget. Now you can do some meaningful calculations. Total up what income you expect from any government plans, pension plans, etc. Compare this amount to your retirement lifestyle budget. The difference is what needs to be funded by additional savings. There are calculators on the websites of financial institutions to give you an idea.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local Retirement Planner, you could start with a Google search. For example, if you search for: retirement planner Halifax or retirement planning Halifax, my name, along with several others, will come up. You can use the same method to find Retirement Planners in your community.