A good retirement plan is a financial strategy that should address income and long term care needs based on life expectancy. Establishing a milestone event like retirement can be daunting when you’re young and life expectancy could extend beyond our understanding or the mere fact that Social Security may not even exist as we know it. But for baby boomers, retirement is a looming certainty. Most baby boomers will outlive previous perhaps by a decade (living to age 90) and most are planning on working until age 70 to contribute another five years to their retirement fund, maximize their income from Social Security and forced distributions from their qualified plans.
What a retirement plan does is provide financial security . If you are referring to a Registered Retirement Plan then then plan enjoys tax deferred growth. The income is taxed on withdrawal, but tax deferred growth allows for the full effect of compound growth. If you referring to a retirement plan, then you are working towards having what you want to happen, happen.
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.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
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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.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.