How women can plan for a longer retirement

Listen to this Podcast


How women can plan for a longer retirement

Canadian senior women live an average of three years longer than men, while their annual retirement income is significantly lower. That means careful planning is even more important if you’re a woman. Make sure you’re on track for a long — and financially secure — retirement.

1. Know your CPP, OAS, GIS

These important acronyms stand for Canada Pension Plan, Old Age Security and Guaranteed Income Supplement. You can learn more about these public pensions, find out which ones you qualify for and estimate how much you could receive at the Government of Canada site.

2. Choose your investments

An investment strategy can help you achieve the growth you need to build a nest egg that will support you through 20 or 30-plus years of retirement. It should also consider how your investment mix will change over time, so that the proportion of safer investments increases closer to retirement. Your investment advisor will work with you and recommend investments based on your comfort with risk, your savings goals, and your time until retirement.

3. Use registered funds

The Tax-Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP) were designed to help people maximize long-term savings. It’s important to understand how these tools work and how to best use them for your situation. Depending on your income, your spouse’s income if you are married, and your anticipated income level during retirement, you might choose to hold your savings in RRSPs, spousal RRSPs, TFSAs, or some combination of these. Your financial advisor can help you figure out how to get the greatest benefit from these savings vehicles.

4. Protect yourself with insurance

If you have a spouse or common law partner, life insurance is an important tool to help preserve your current lifestyle and protect your financial wellbeing if your loved one passes and you find yourself having to cope on your own.

5. Think like a team

If you are married or have a common law partner, it’s important to consider all of your financial planning jointly. Estate planning (including wills and beneficiary designations) insurance, income from personal savings (including annuities, RRIFs, TFSAs and other sources), government pensions — all of these should be considered as part of a larger picture to ensure financial stability and to minimize taxes.

6. Create a financial plan

A well-rounded financial plan will provide you with a roadmap to guide you through to retirement and beyond by outlining a strategy for all of the points noted above. It should take into consideration any specific health concerns that may have an impact on your finances or your living arrangements.

Your financial advisor is an important part of your retirement planning team. Our advisors are trained to ask the right questions to help you develop a plan that addresses every aspect of preparing for retirement, tailored to your specific needs as a woman.

1,815 thoughts on “How women can plan for a longer retirement

  1. comprar viagra says:

    En estos casos, abordar el problema de estrés puede ser suficiente para revertir la situación. Se pueden controlar las erecciones del paciente en un laboratorio del sueño especial; la ausencia de las mismas es altamente sugestiva de causa orgánica, aunque su presencia no indica de forma necesaria que durante el día se tengan erecciones válidas.

  2. comprar cialis says:

    Para que el cuerpo cavernoso se llene de sangre, se necesita una señal del sistema nervioso central, liberando una sustancia llamada óxido nítrico. El pene se pone eréctil porque, cuando se produce la excitación sexual, la sangre llena los cuerpos cavernosos lo que produce un alargarmiento y endurecimiento del pene denominado erección.

  3. tadalafilo sin receta says:

    Disfuncion erectil repentina. Los hombres son más propensos a problemas de erección si no están tan interesados ​​en el sexo; y son más propensos a la pérdida de la libido si tienen problemas de erección. Hay que tener en cuenta tanto las cirugías como las lesiones cuando se trata de disfunción eréctil (DE). Cialis u apotekama cena…

  4. viagra genérico says:

    La persona que sufre Disfunción Eréctil no consigue disfrutar de sus relaciones sexuales, se siente culpable por las dificultades sexuales con su pareja y suele evitar el contacto sexual. Muchos de estos desencadenantes están relacionados y puede verse afectado por más de uno.

  5. cephalexin drug says:

    Bronchitis is one of the most common diseases that affects all groups of the population, regardless of age. But, despite this, many do not know how to treat this condition, and whether antibiotics are needed for bronchitis.

  6. RemediosNeigo says:

    El pene se pone eréctil porque, cuando se produce la excitación sexual, la sangre llena los cuerpos cavernosos lo que produce un alargarmiento y endurecimiento del pene denominado erección.

  7. GeneralСontractorbed says:

    new construction ny

    Repair work residential premises turnkey – much better Solving problems through wizards.In order place an order for repair work dwellings in Diamond District, leave a request on site or by phone. To create hospitality interior decoration expertly as well as properly, it is vital to utilize effective and also extremely audio products that comply with all standards and technological criteria. However the primary distinction is not also in the components, but in how and just how correctly they are actually made use of. And also this is actually the work of the experts. Expert capabilities areactually an extremely essential situation. . Likewise in our firm, you can purchase personalized bathroom vanities, retail interior design on the most effective problems. With us, interior basements, in addition to Premium renovation Bay Terrace, will end up being straightforward, high quality and also quickly. Our representative will call you back, for clarification few details and assign Times of Day arrival to you professionals and designer.

  8. Matthewbraiz says:

    Фундамент финская плита

    Создание дома вашей мечты – это оригинальная возможность, спланировать и претворить в жизнь нечто воистину уникальное во всех отношениях. Возведение фундамента – это в целом первоначальная модель ремонта, в процессе которой домик строится. При расчете замена фундамента под старым деревянным домом цена предусматривается весьма много факторов. Средняясумма возведения домов фундамента составляет приблизительно от 10$ за кв.метр . Погреб сможет умножить итоговую стоимость каждого объекта недвижимости, предоставляя необходимое помещение ради организации хранения и порой рабочее пространство. Наша профессиональная команда по конструированию и возведенью фундамент под памятник на кладбище цена может помочь выстроить жилище, о котором вы всегда мечтали. От начала до конца наша специализированная компания в Череповец позаботимся о всех без исключения процессах, чтобы заказчику не довелось тревожиться о деталях. Специализированная международная компания в Киселевск несет юридическую ответственность за проект, а не вы, именно поэтому организация в Борисоглебск имеют интерес в том, затем чтобы довести до конца строительство коттеджа быстрее и эффективнее. Узнайте о сваи винтовые для фундамента цены в вытегре у спспециалистовециалистов корпорации.

  9. labedroomCig says:

    White bedroom furniture
    Decided refresh your? Read carefully the innovations of goods home from current collection, in which are as furniture with colorful floral patterns and coloring and goods with chic texture finish metallic. Poof for the garden is obligatory attribute each modern in the apartment. In the presented store online you can buy reliable furniture for any house. We will deliver in MARINA DEL REY customer all furniture at any time day.Price lists, that offers online shop furniture items BEL AIR AND HOLMBY HILLS delight all visitor.In turn relatively low cost causes certain questions regarding good quality furniture. The catalog which filled with diverse items furnishings composes exclusively quality enterprise products.

  10. 3aplus63lak says:

    радиальные пневмошлифмашинки

    Созданная нами предприятие Новочеркасск – сегодня это ведущий поставщик
    промышленного оборудования.
    Можно купить в Каменск-Уральскийнемало решений для такелажного и подъемного, промышленного и складского, а также весового и гидравлического промышленного оборудования, в том числе тали ручные рычажные,тали ручные червячные передвижные взрывобезопасные,домкраты гидравлические телескопические,канаты для лебедок mtm,балки концевые подвесные,тележки гидравлические с электропередвижением,тележки для балок подвесных концевых холостые,весы крановые электронные.
    Мы являемся производителем непростых решений для индустриального парка оборудования.
    Мы высококлассная организация по выпуску промышленного оснащения с более чем 6-летним навыком работы.
    Интернет магазин грузоподъемного парка оборудования выходит за пределы интернет-реализации и товаров по дисконтной цене, наша фирма может оказать консультации и дополнительно предоставить специализированные услуги на заказ.
    На вебсайте мы стремимся предоставить нашим клиентам “универсальный он-лайн магазин” в пользу всех ваших надобностей в промышленном и складском оборудование. Мы стремимся предоставить особо высококонкурентные стоимость товаров в индустрии, оптимизируя при этом превосходнейшее обслуживание покупателей.

  11. labedroomCig says:

    Furniture online store
    Come in outstanding store in Jefferson Park production for office and home use and cafe! presents over 12000 appointment furniture and goods for a country house and apartments or restaurant. Natural rattan , are used for the purposes of production our branded products , possesses strength and wear resistance, wonderful external data. All furniture processed special compounds, due to which their surface does not absorb water, stable to extremes ambient temperature air and exposure of the sun. Vya our furniture excellent retains its functions even in restaurant in open spaces . In the presented online catalog you offered photos furniture for dining room, hall, bedroom, children’s room , as well as intended for organization of storage area – dressers and cabinets, cabinets and others . In our store in Fairfax you can buy everything for any your home not expensive . We invite client come to store , holding in Westwood what cares about its shopper.

  12. CharlesPlalt says:

    Цена куба фундамент

    Создание дома вашей мечты – это оригинальная возможность, спланировать и претворить в жизнь нечто воистину уникальное во всех отношениях. Возведение фундамента – это в целом первоначальная модель ремонта, в процессе которой домик строится. При расчете замена фундамента под старым деревянным домом цена предусматривается весьма много факторов. Средняясумма возведения домов фундамента составляет приблизительно от 10$ за кв.метр . Погреб сможет умножить итоговую стоимость каждого объекта недвижимости, предоставляя необходимое помещение ради организации хранения и порой рабочее пространство. Наша профессиональная команда по конструированию и возведенью фундамент под памятник на кладбище цена может помочь выстроить жилище, о котором вы всегда мечтали. От начала до конца наша специализированная компания в Череповец позаботимся о всех без исключения процессах, чтобы заказчику не довелось тревожиться о деталях. Специализированная международная компания в Киселевск несет юридическую ответственность за проект, а не вы, именно поэтому организация в Борисоглебск имеют интерес в том, затем чтобы довести до конца строительство коттеджа быстрее и эффективнее. Узнайте о сваи винтовые для фундамента цены в вытегре у спспециалистовециалистов корпорации.

  13. best cbd oil companies says:

    Do you have a spam issue on this blog; I also am a blogger, and I was wanting to know your situation; we have created some nice methods and we are looking to exchange solutions with others, be sure to shoot me an e-mail if interested.|

  14. xnxx asia says:

    Excellent beat ! I wish to apprentice while you amend your site, how can i subscribe for a blog web site? The account helped me a acceptable deal. I had been a little bit acquainted of this your broadcast offered bright clear idea|

  15. 토토사이트 says:

    Excellent goods from you, man. I have understand your stuff previous to and you are just extremely fantastic. I really like what you have acquired here, really like what you’re saying and the way in which you say it. You make it entertaining and you still care for to keep it sensible. I can not wait to read much more from you. This is actually a tremendous site.|

  16. 먹튀폴리스 says:

    We absolutely love your blog and find most of your post’s to be just what I’m looking for. Would you offer guest writers to write content available for you? I wouldn’t mind producing a post or elaborating on a few of the subjects you write with regards to here. Again, awesome web log!|

  17. Check it here says:

    Attractive part of content. I simply stumbled upon your website and in accession capital to claim that I acquire in fact loved account your blog posts. Anyway I’ll be subscribing to your feeds and even I achievement you get right of entry to persistently quickly.|

  18. Immortality Smart Contract says:

    Hi, I do believe this is an excellent web site. I stumbledupon it 😉 I am going to come back yet again since i have book-marked it. Money and freedom is the greatest way to change, may you be rich and continue to help others.|

  19. gái gọi tân phú says:

    Howdy! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My site looks weird when browsing from my iphone. I’m trying to find a template or plugin that might be able to fix this issue. If you have any suggestions, please share. Many thanks!|

  20. Rymden 77 says:

    Spot on with this write-up, I absolutely believe that this website needs a great deal more attention. I’ll probably be returning to see more, thanks for the advice!|

  21. Balance CBD Oil says:

    I am extremely impressed with your writing skills as well as with the layout on your weblog. Is this a paid theme or did you customize it yourself? Either way keep up the excellent quality writing, it’s rare to see a great blog like this one nowadays.|

  22. auto nhặt đồ mu says:

    Wow that was odd. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say fantastic blog!|

  23. Balance CBD Oil says:

    excellent publish, very informative. I’m wondering why the opposite experts of this sector do not realize this. You must continue your writing. I am confident, you have a huge readers’ base already!|

  24. Best CBD Oil says:

    Hi, I do think this is a great blog. I stumbledupon it 😉 I may revisit once again since i have book-marked it. Money and freedom is the greatest way to change, may you be rich and continue to guide other people.|

  25. Alisha Gome says:

    The name of the writer is Jere and he entirely digs that identify. Interviewing is where my primary income arrives from but the advertising by no means will appear. Years ago we moved to Louisiana. Doing magic is what she loves doing.

  26. balance cbd says:

    May I simply say what a relief to discover someone that actually knows what they’re discussing over the internet. You definitely know how to bring an issue to light and make it important. More people should read this and understand this side of your story. I can’t believe you are not more popular because you most certainly have the gift.|

  27. aaxll says:

    Thank you for sharing your thoughts. I really appreciate your efforts and I will be waiting for your further write ups thanks once again.|

  28. Tyler Tysdal SEC says:

    Hmm is anyone else encountering problems with the pictures on this blog loading? I’m trying to determine if its a problem on my end or if it’s the blog. Any feedback would be greatly appreciated.|

  29. Axioobet Semarang says:

    Greetings from Ohio! I’m bored to death at work so I decided to check out your blog on my iphone during lunch break. I really like the knowledge you present here and can’t wait to take a look when I get home. I’m shocked at how quick your blog loaded on my cell phone .. I’m not even using WIFI, just 3G .. Anyways, fantastic blog!|

  30. CBD Lube says:

    You really make it seem so easy with your presentation but I find this topic to be actually something which I think I would never understand. It seems too complicated and very broad for me. I’m looking forward for your next post, I will try to get the hang of it!|