Retirement Risks

Two decades ago, government retirement benefits such as the Canada and Quebec Pension Plans and Old Age Security provided benefits equivalent to nearly 60% of the average Canadian wage in retirement. Today, CPP/QPP and OAS benefits only provide about 40% of the average.

For many people, their personal savings will need to fill that gap in their retirement income. Typically, you will want your retirement income to equal 60% to 70% of your working income.

That’s why it’s critical for you to protect your savings and position your portfolio for continued growth in the years before and during retirement.

As you move into this stage of your life, you will also face a new set of risks:

Longevity, Inflation and Volatile markets. In the pages to come we will discuss more about how all this affects you.