EVENT DESCRIPTION

This is an online session. The material is available 24 hours a day, 7 days a week, beginning IMMEDIATELY. Once registered, you can access the material at any time. However, you will only have access to the course for thirty days after REGISTRATION.

Let’s face it, planning and saving for retirement is not easy. We are told that the earlier we start the better, and that the “magic of compounding” will make our dreams come true.

But for most people it’s simply not possible. In our twenties though our forties, we are busy paying for our housing, our cars, our kids and all the other costs of living. Out of necessity we become procrastinators when it comes to saving for retirement.

But there is hope. This course will take you step-by-step though planning and saving for retirement starting in your 50s and the best way to fund your retirement years. It is an easy-to-follow plan for retirement in ten years or less.

TOPICS INCLUDE:

  • Tracking your spending. The key step to retirement planning that most people don’t do. Learn how to do it easily, automatically and for free.
  • Optimize your retirement savings and drawdown strategy. Receive and work with an easy-to-use Excel spreadsheet called “The Procrastinator’s Number Cruncher” to optimize the use of excess cash (RRSP, TFSA or pay down the mortgage, etc.), and maximize your retirement income. Your pre- and post-retirement investment strategy - what products are best now and later?
  • Retirement funding options. Your CPP and OAS pensions - what age to start, how to calculate how much you’ll get, the proposed enhancement of the CPP. Your home as a source of funds – the risks of reverse mortgages and other options.
  • RRIF versus annuity. How RRIFs and annuities work, the advantages, disadvantages of each, a suggested strategy and current annuity rates.
  • Old age healthcare planning. What the government covers and what it doesn’t, long-term care facility options.
  • Other. Inheritance - a simple spreadsheet called the “Estate Planning Record Keeper” you can have your parents fill in to make the transfer efficient. Divorce - the basics from a financial perspective. Your credit card strategy - an analysis of current travel reward and cash back cards to optimize your benefits. Car lease versus buying - the advantages and risks of leasing and use of a spreadsheet to make the decision.

WHO WILL BENEFIT:

People approaching retirement who are starting late and want to ensure it is comfortable and stress-free.