Even with decades of preparation, surprises are likely to come your way that first year of retirement. retirement
Even if you have a smart plan for retirement, there’s still an adjustment period where leaving the labour force means far less money coming in and more going out. And let’s face it, pre-retirement habits and assumptions can be difficult to change.Article content
Review everything from subscriptions you stopped using long ago to exorbitant rates for wireless and mobile phone usage. Such moves can bolster your savings cushion when you’re ready to move ahead.Want to travel? It’s a delicious luxury but it’s incredibly expensive when you factor in food, lodging, flights and frequency of trips. Want to renovate your home or buy a seaside getaway? Interest rates on first and second mortgages these days are literally through the roof.
If you once put 10 per cent of each paycheque aside, you could now aim for 10 per cent of each Canadian Pension Plan cheque. Even just 5 per cent is better than nothing, especially if you invest it wisely. Yes, the stock market is down these days, but as billionaire Warren Buffett advises, it’s also the ideal time to buy stocks that are undervalued and overly punished by nervous investors.
Your adviser can identify spending problems, assist with your bucket list items and help you shoot for the retirement lifestyle of your dreams. Many also specialize in creating a detailed, three-dimensional view of your situation.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Selena Gomez Says Hailey Bieber Rumours Are ‘Not Even A Thing’Selena Gomez refuses to feed into the enduring obsession with her rumoured past feud with Hailey Bieber. Gomez and Bieber were spotted together at the 2022 Academy Museum Gala in Los Angeles on Oct. 15. It was sign of strength for the two following years of alleged tension. Hailey is married to Gomez's ex-boyfriend, Justin…
Read more »
Calgary home sales on track for record year even as market eases in OctoberSales and new listings were down for a seventh straight month and benchmark prices dipped slightly from September. Read more.
Read more »
Even beginners can leverage Canada’s fluctuating housing market to invest in commercial, residential propertiesLearn what your options are as a potential investor in Canadian real estate
Read more »
Selley: The unbearable lightness of Canada when it comes to facing human rights abusesWhat kind of country cops to genocide but doesn\u0027t even discuss consequences for the perpetrators?
Read more »
Little Kickers soccer classes coming to SudburyA chance for even the youngest kids to learn to play soccer, the classes are offered by newcomers to Sudbury, the ‘Gergis Gang’
Read more »
BoC’s Macklem says interest rate hikes are nearing an end, but to expect borrowing costs to rise before levelling outMacklem tells senate committee inflation remains high, even though the Canadian economy is expected to ‘stall’ in the coming months
Read more »