Sherrett Insurance Agency Ltd.
Estate Planning, Corporate Benefits, Investments, Insurance, Retirement Planning
Quick Links
- Protect you and your family. Ask about life insurance.
- Buying a home? Own a home? Ask about mortgage insurance.
- Planning for retirement? Ask about RRSPs.
- Company need stability? Ask about securing funding.
- Company growing? Ask about employee benefit plans.
- Want long-term prosperity? Ask about succession planning.
- Access medical claim forms and renewal forms.
- Book a meeting.
Retirement Planning
Sit down with us to start planning for your retirement. This involves:
- Selecting the age when your retirement payments should begin (usually between 55 and 69).
- Determining a target of how much income you would like to retire with.
- Identifying your sources of retirement income. Typical sources of income include: employer pension plan, RRSP's and government programs such as Canada Pension Plan and Old Age Security.
- Projecting these sources of income.
- Comparing your retirement income target against your projected income to determine if there is a gap. If there is a gap, determining the additional annual savings required to meet your target.
How to reach your retirement planning goals:
- Start retirement planning early.
- Contribute to your retirement savings every year.
- Invest in your RSP regularly.
- Maximize contribution room.
- Take advantage of an RSP loan.
- Diversify for growth.
Related Products:
- Estate Planning
- Registered Retirement Income Funds (RRIFs)
- Registered Retirement Savings Plans (RRSPs)