Canada Life’s retirement preparation tips

Looking forward to retirement

At some point, you’ll likely stop working full time and enjoy the fruits of working and saving for decades. As you get closer to retiring, there are important milestones and steps you can take to prepare for a comfortable retirement.

This article on CanadaLife.com will give you some key takeaways on what to do 3, 5, or 10 years before retirement

• Accurately estimating your retirement spending is an important part of retirement planning.
• Aim to be debt free in retirement.
• As you get closer to retirement, you should gradually adjust your investment portfolio to take on less risk and protect what you have.
• There are non-financial keys to being happy in retirement such as keeping busy and staying healthy.

The information provided is based on current laws, regulations and other rules applicable to Canadian residents. It is accurate to the best of our knowledge as of the date of publication. Rules and their interpretation may change, affecting the accuracy of the information. The information provided is general in nature, and should not be relied upon as a substitute for advice in any specific situation. For specific situations, advice should be obtained from the appropriate legal, accounting, tax or other professional advisors.