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Stewart Financial Services
- Protecting Your Financial Health
Retirement Income
Retirement – the goal many of us spend our lifetimes planning for and saving towards. Yet to ensure your comfort, security and the realization of your dreams, vital and important steps must be taken. You must determine which Retirement Income options will best support your lifestyle and needs.
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What can you expect from the Canadian Government?
The Canadian Government provides a Three Pillar System to assist Canadians to get retirement income:
1. Old Age Security – this is a universal program providing a base income. It also provides additional support for very low income Canadians.
2. Canada Pension Plan – this plan provides pension income based on earnings.
3. Registered Savings – RRSPs, employer pensions, RRIFs, LIRAs and LIFs.
The Old Age Security program and the Canada Pension Plan provide a modest secure base on which to build your private savings. The Canadian Retirement Income Calculator has been developed by the Government of Canada to help you plan for Retirement. It can be used to help you assess your personal financial situation and help you decide which steps to take to reach your retirement goals.
All of us have different visions of what our Retirement will be like. Some people dream of having the flexibility to spend more time with friends and family, to travel and to participate in recreational activities. No matter what your vision for Retirement is, you need to plan now for your Retirement Income. Where will your Retirement Income come from?
Canadian Retirement Income System Brochure
click here
Contact Stewart Financial Services for more information about Retirement Solutions opportunities to meet your current and future needs and lifestyle in retirement.