Personal Wealth

How Much will you spend in retirement? Determining Your Replacement Ratio

How much of your current income will you need in retirement? The answer to this question is called the replacement ratio and is a major driver of the retirement planning piece. It will be different for everyone, so I outline how you can figure out your own replacement ratio that will ultimately determine how much you need to save for retirement.

Advanced Investing

Are Markets More or Less Efficient?

If you’ve got a fair amount of common sense – and you must, if you’re following my Common Sense Investing series – you probably already know that perfection is hard to find. In other words, in the search for solid answers to life’s greatest questions, you’ll usually find a lot more shades of gray, than pure-black or all-white.

Living in Retirement

Will I Spend Less When I Retire?

So … you’re thinking about retiring. Someday, anyway. To prepare, you’ve been saving to your Registered Retirement Savings Plan (RRSP) and your Tax-Free Savings Account (TFSA). Maybe you’ve got a pension at work, and have been calculating what to expect from the government.

Personal Wealth

Is saving 10% of your income enough for retirement?

When talking about saving for retirement, most people default to the common 10 or 15 percent of income towards retirement. But are those numbers accurate and is this a reasonable approach? I outline this traditional approach, and compare it to another approach that takes into consideration a typical Canadian’s financial scenario.

Featured Contributors

  • Peter Guay

    MBA, CFA, Portfolio Manager
  • Benjamin Felix

    MBA, CFA, CFP, Portfolio Manager
  • Justin Bender

    CFA, CFP, B.Comm., Portfolio Manager
  • Raymond Kerzérho

    CFA, Director of Research
  • Nancy Graham

    CPA, CA, CFP®, CIM, TEP, Portfolio Manager
  • Dan Bortolotti

    CFP, CIM®, Portfolio Manager
  • Graham Westmacott

    CFA, Portfolio Manager
  • Susan Daley

    CFA, CFP, Portfolio Manager
  • Anthony Layton

    MBA, CIM®, Chairman of the Board, Portfolio Manager
  • Kristine van der Pas-Norenius

    Certified Retirement Transition Coach and happy PWL client
  • Peter Forsyth

    Emeritus Professor
  • Jennifer Vachon

    PWL Former Chief Compliance Officer
  • Dan Solin

    The New York Times' best-selling author of the Smartest series of books
  • Mark Sutcliffe

    Writer, Broadcaster, PWL client and advocate
  • James Parkyn

    Adm. A. CIM, FCSI, F.Pl, Portfolio Manager
  • François Doyon La Rochelle

    B.B.A., CFA, Portfolio Manager
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