For an analysis of your situation, get in touch with one of our advisors

To learn more on this topic, see the section:

Plan

Planning my… retirement?

Retirement: on the distant horizon

When you’re starting your career or still in school, caught up in a whirlwind of personal, family or other activities, it’s very hard to think of retirement. In the short term, everything remains to be done: pay off your student debt, buy a home, invest in your professional practice, the list goes on and on.

The future is now!
Trying to save to achieve your goals? That’s great! Do you have a good financial plan? A realistic, balanced budget to pay off your debts and start saving? Do you have a Registered Education Savings Plan (RESP) for your children? Your choices will have a medium- and long-term impact on your retirement and, however you may feel about it, it’s never too early to start planning for that stage of your life.

Choices that pay off!

Retirement is not what it used to be in our parents’ time. Today, you can stop working before age 60 or 65, or retire gradually. Life expectancy is increasing, as is the retirement period, which can be 30 years or longer, as the case may be. How will you live? Although you probably can’t answer that question, you can take concrete steps now.

Time is money!
For example, you can kill two birds with one stone by contributing early to a Registered Retirement Savings Plan (RRSP). Your tax refund can be invested, serve as leverage for the purchase of a home (HBP or FHSA), or enable you to return to school under the Lifelong Learning Plan (LLP). Time is on your side: a small amount invested regularly can go far!

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Your action plan

When you’re in school or starting your career, sound management of your finances is a must. Since tax rules are always changing, it’s often difficult to know the best course of action.

The solution: ask a fdp Private Wealth Management Advisor for guidance. Your Advisor has all the necessary expertise to help you make the right financial and personal choices.

Be strategic!
To secure your future, between now and retirement, fdp offers you:

  • A well-structured action plan, focused on achieving your short-, medium- and long-term goals
  • Investment strategies tailored to your needs and your situation
  • Rigorous follow-up
  • The proven expertise of our team of Wealth Management Advisors

A good exercise
Even if retirement is not top of mind, preparing an action plan is the foundation of any project, whatever it may be. It’s a good exercise to determine your priorities and help you make informed decisions.