When should I start planning for retirement?

The Walton Financial Group of Barrie, Ontario, recommends that retirement planning should start as early as possible

Take the need to finance a very long life seriously. Consult with the financial advisors at the Walton Financial Group in Barrie, Ontario

The media bombards Canadians about the virtues of early retirement planning to take advantage of the benefits of time and compound interest. However, sometimes this takes a back seat to he demands of day-to-day expenses, daycare, car repairs and education expenses.

Let’s face it. You may live a lot longer than you think. Lifespan has increased steadily in Canada over the past few decades. In 1950, if you were a male you had a life expectancy of 66. By 2013, it was 80.*

In fact, if you and your spouse are 65 now, the odds of at least one of you reaching age 90 are probably much higher than you think. We see this increasing longevity in our clients’ ages, tenure with us and extending time horizons.

The important thing to remember is that it is never too late to begin. Even as you approach your 50’s. you still have 21 years left to contribute to an RRSP. The first step is to meet with a financial advisor like the team members at the Walton Financial Group in Barrie. You will be asked to establish your retirement goals including the type of retirement lifestyle you envision. Your plan is going to be unique.

Taking the first step is important and your financial advisor at the Walton Financial Group will help guide you through the process and work with you along the way to creating and maintaining an effective retirement plan.

Don’t procrastinate, call the Walton Financial Group today.