The Walton Financial Group in Barrie Ontario answers the question about the amount that be saved annually for retirement
Contact the Walton Financial Group in Barrie for advice about saving for retirement
If you don’t participate in a workplace pension plan, you can contribute up to 18 per cent of your employment earnings to an RRSP annually. If you contribute less, the unused portion can be carried forward to a future year. If you participate in a defined benefit (DB) pension plan, CRA allows you to tax-shelter considerably more than that.
Talk to the retirement planning advisors at the Walton Financial Group in Barrie Ontario about the best ways to optimize your strategies for creating a retirement nest egg
