When do you want to retire? Retiring at 60 is very different from retiring at 65. Your retirement dreams will determine how much you need to save, and what your savings strategy should be. Don’t forget, it’s all about being prepared!
Approximately 5% of Canada’s labour force works in the financial sector. For the other 95%, the topic of investing might be intimidating. Deciding where to invest is an important part of financial planning, and there’s no shame in admitting, “Umm, I’m not sure where I should invest my money”.
When you have people over for dinner, your guests may bring side dishes, but you provide the main course. It’s the same sort of idea when it comes to your retirement income.