Nancy Graham CPA, CA, CIM, CFP, TEP

Portfolio Manager
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  • 1.800.230.5544
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  • Ottawa, Ontario K1S 2E1

Retirement Dreams and Retirement Means: Are You Ready?

December 15, 2016 - 0 comments

“Nancy, how much do I need to retire?”

Clearly, retirement is a big subject. Let’s face it, preparing for that big day is essentially why most of us save and invest some of our money instead of just spending it as soon as it’s earned.


First things first: What is retirement? You may think of it as a sharp cut-off between one lifestyle and another; a gradual transition from work to leisure; or even an ongoing balance between them.

However you define them, you want to ensure that your retirement dreams don’t outpace your retirement means. That calls for understanding your lifestyle preferences as well as engaging in some solid financial figuring.
In today’s “No Dumb Questions” video, I’ll offer some guidelines to help you define your own ideal retirement, a couple of “back of the envelope” calculations to give you a rough sense of how you’re doing so far, and three choices you’ll have if you’re nearing retirement and you don’t yet have enough to call it quits.

And I’m only getting warmed up. If you subscribe to my YouTube channel, I’ll let you know when I’ve released Part 2, in which I cover how to think through the financial end of funding your retirement – without leaving your head swimming over it.

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