Developing a Disbursement Strategy

You've worked hard all your life to build wealth, have a good pension fund and be able to live out your retirement.

But by having a savings disbursement plan tailored to your situation, you can ensure that you get the most out of your savings throughout your retirement.

It's assumed that you'll need between 50% and 70% of your gross income in retirement, since expenses are often lower in retirement.

However, depending on your plans and needs, this may not necessarily be the case and may vary from year to year.

By working with a specialist (financial security advisor, financial planner and consultant), you will be able to develop a PLAN that is tailored to your reality, your lifestyle and your financial situation.

A good disbursement plan must also take into account your marital status, since it may affect certain pensions or benefits.

In addition, if you have a good advisor, you should have regular monitoring of your investments and financial goals, which will help you stay on top of things.

Here's your list:

-You should have a diversified portfolio.

-Split your income (if you have a spouse of course)

-Review your action plan every year if possible

-At what age should you start withdrawing your government benefits?

-When to transfer your RRSP to a RRIF...

If you have any questions, please do not hesitate to contact us! patrick@patrickjosephservicesfinanciers.com. (514) 984 -7508