Your “number” or retirement savings threshold won’t come from a simple formula or Web-based calculator. The same “number” does not apply to everyone and may even change as life evolves. Your PWL Capital advisor takes a different tact. Rather than worry about achieving a single number, your advisor takes a structured approach to figuring out what you need to be comfortable at various points in your life. Questions range from “How will I generate income in retirement?” to “How will inflation and taxes affect my lifestyle?” To determine what you need to save now, your PWL Capital advisor will help create a customized plan to reduce your uncertainty and risk for the years to come. One recent study suggests most Canadians, if they want to retire at age 65 and replace 70% of their working income, must save 10%-21% of pre-tax earnings every year for 35 years. So, an RRSP or TFSA alone won’t do it. Smart savings and investment choices today are critical to ensuring access to a sufficient and secure post-retirement income. We use conservative assumptions in planning for your retirement because we believe it is better to manage a surplus as your life progresses. We also help educate you on managing money after retirement. It is critically important, for example, to understand the impact of inflation and identify safe withdrawal rates that account for longer lifespans. As you age, we also help you avoid high risks, and keep investment costs and taxes low. Like a pilot adjusting a flight plan via course corrections, PWL Capital will be there to identify when you’re off-course and get you back on track towards your final destination.