There are a lot of things to think about when you retire – whether you have a company pension or not. You need to make sure your money lasts as long as you do, and that you have enough income to cover your costs. That’s where a Certified Financial Planner (CFP) can help.
A CFP is a professional who is specially trained to help people plan for their financial future. They can help you understand your pension and other sources of income, figure out how much money you need to live on, and create a plan to make your money last as long as you do.
If you have a CFP helping you plan your retirement goals and how to best maximize your income streams, here are some things to look forward to:
1. You’ll be able to retire with a predictable income
When you retire with a company pension, you’ll be able to predict how much your retirement income will be. But, pensions alone may not be enough to cover all your costs. With a CFP’s help, you can plan to supplement your pension income with other sources of funds, like investments and government benefits. This will give you a more predictable retirement income that you can count on.
2. You’ll have access to financial advice and guidance throughout your retirement
Whether you retire with a company pension or not, it can be tough to make the right financial choices. With Pension Solutions Canada, Canadians are able to seek advice and guidance from us for all of their retirement financial planning needs. We can help you reach your retirement goals by providing a plan carefully tailored specifically for you.
Also, as a CFP, we have a duty to act in your best interests and are held to high ethical standards. This means that you can rest assured knowing that the financial advice and guidance you receive from us is in your best interest.
3. You’ll have more control of the investment choices you make in retirement
If you retire with a company pension, the investment choices can be confusing and overwhelming. You will have to make many choices about how to invest your money in order to get the most out of it. That’s why having a Certified Financial Planner advise you is important. We are here to help you make decisions that are right for you and your family as well as for your future. We can guide you on what type of investments could make sense for your retirement goals, whether they are investments in stocks, bonds, or other assets.
4. You’ll have peace of mind knowing your finances are in good hands
When you retire, you want to be able to enjoy your retirement years stress-free. And with a CFP by your side, you can have peace of mind knowing that your finances are in good hands. We’ll help you make the right choices with your money so that you can relax and enjoy your retirement years.
5. You’ll have a retirement plan that minimizes your tax burden
Your CFP can help you create a retirement plan that minimizes your tax burden. They’ll take into account things like the type of pension you have, your other sources of income, and where you plan to live once you retire. By minimizing your taxes, you’ll have more money to live on in retirement.
6. You’ll have someone to turn to for help when things change
Things change, and your retirement plan may need to change with it. If you have a CFP, you’ll have someone to turn to for help when things change. Whether it’s a change in the markets, your pension benefits, or your personal circumstances, we can help you adjust your retirement plan so that it still meets your needs.
If you are a Canadian retiree with a company pension, seek out a Certified Financial Planner today. We can help you make the most of your pension and create a retirement plan that meets your unique needs. Click here to book a virtual consultation call.