Retirement your way.

Nearing retirement or already there?  We are focused on providing complete protection and maximization of your retirement income.
We consider flexibility, enhanced value, transparency, tax efficient investments while providing peace of mind.

Most surveys done today show that a high percentage of Canadians feel they are not saving enough for retirement, are worried about not having
enough money during their retirement years, and lastly aren't informed enough about savings plans for retirement.

Here is the results of a large Canadian bank survey at the end of 2009

  • Younger Canadians, those aged 18-34, (45 per cent) and females (37 per cent) are less likely to have started saving for retirement.
  • Many Canadians are waiting until the last minute to contribute to their RRSPs. One-in-three (35 per cent) who plan to make a one-time
    RRSP contribution expect to do so just before the March 1st, 2010 deadline.
  • Only one-in-four Canadians (24 per cent) plan to maximize their RRSP contribution for the 2009 tax year. Canadians aged 18-34 (35 per cent)
    are most likely to maximize their RRSP contribution.
  • Among Canadians who have an RRSP, 76 per cent plan to contribute at least as much as what they contributed in 2008.
  • Only one-in-three RRSP investors (31 per cent) make regular contributions through a plan.


By taking the first step of calculating the amount of funds that you will need for retirement with your financial advisor, you will be able to come up with
a plan to achieve this target.Please see the link below for an approximate retirement savings needs analysis.

Investment and Retirement Planning are an integral part of over-all Financial Planning. Since these plans are as unique as each individual, we
recommend that you meet with one of our financial professionals to review your portfolio and tailor a plan that best suits your style.

Here are a few tips to assist you in achieving your financial goals:

  • Develop and write a financial plan with your representative and try your best to follow it
  • Define your short, medium and long term goals
  • Create a monthly budget, watch your cash flow and know where you are at with your net worth
  • Pay yourself first by utilizing a monthly systematic investment plan
  • Know your risk profile before investing so that your investment fits your own needs and tolerance
  • Set investment return goals and periodically review with your representative the performance of your portfolio and the investment managers
  • Contribute to RRSP's and RESP's to maximize your tax deductions and to receive your government grants
  • Receive an analysis on whether you should purchase RRSP's vs. paying down your mortgage
  • Set up an emergency fund of at least 3 months income
  • Be sure to have adequate life, disability and critical illness insurance as well as a current will
  • Consider drafting a power of attorney
  • Interview a few financial professionals before committing your future to one
  • Contact the financial experts at Macnaughton & Ward Financial Services for a no obligation consultation of your financial affairs


Need help?

Let us help you.  Contact your Advisor or our office to assist you in your financial health and well-being.