Ghana Association Hosts Canadian Pension and Retirement Info Session
For some, retirement means travelling the world, spending time and money on grandchildren and trying new things. But for others it can be a time of uncertainty and insecurity.
The Ghana Association of Hamilton hosted a special workshop for its members, and other members of the Hamilton community on November 28, 2015 at the Village at Wentworth Heights. Glen Gaudet, BA CFP, EPC, CPCA, RRC of Brantford, ON, spent the evening with a room full of interested individuals eager to learn more about how to be successful in retirement and how each attendee should come up with the best individual plan for the future.
Mr. Gaudet explained the types of benefits and pension plans offered by various employers, Federal government, Registered Retirement Savings Plan (RRSP) and Registered Pension Plans (RPP) and why it is very important for everyone to actively plan their post retirement finances. Learning the ins and outs of pension and retirement systems in Canada can be overwhelming, but it’s never too early to plan for the golden years of retirement.
As the life expectancy of Canadians continues to increase, the current Canadian pensions system is stretched and maxed. For this reason, every Canadian must have a plan for contributing to their own post-retirement years. According to Gaudet, individuals should plan for 25 years past retirement. What’s right for one person isn’t necessarily right for another.
Financial Planning is often very complex and requires the advise and guidance of a professional to ensure that each individual continues to live the lifestyle they have grown accustomed to. You can contact Glen for Financial planning advise at no cost by emailing firstname.lastname@example.org
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