Retirement Planning: Questions to Ask


We need to take more control over our financial future. The FUTURE belongs to the individuals that PLAN for it.

Good planning is about listening, asking questions and then offering suggestions – in that order.

Sixty-one per cent of Canadians who engage in comprehensive financial planning feel confident that they will be satisfied with their financial situation upon retirement, as compared with 27 per cent who receive no planning advice and 46 per cent who seek only limited advice, according to FPSC’s Value of Financial Planning study.

  1. Do I have a comprehensive financial plan that addresses my unique life goals and needs, including retirement?
  2. How can I balance saving for retirement without sacrificing today’s priorities and goals?
  3. Where will I live? Will I make changes in my primary residence? What about vacation properties?
  4. What are my expected sources of income in retirement (pensions, savings, inheritances, other sources)?
  5. What about the tax considerations of all my financial choices? How do I take advantage of government tax breaks and ensure my hard-earned savings don’t get eaten up by too much tax?
  6. Given all of the above, should I invest in RRSPs, TFSAs, and /or non-registered investments? What should the proportions be, and what kinds of investments in each? How does my investment strategy fit in with my overall comprehensive plan?
  7. Do I have the right financial planning professional to help me with all my unique financial planning needs? What questions should I be asking?
Contact us so we can help you find the answers.

Insurance products and Financial Planning services are offered through P & K Financial Inc. Mutual Funds are offered through Manulife Securities Investment Services Inc. Banking products and services are offered by referral arrangements through our related company Manulife Bank of Canada.

Manulife Securities related companies are 100% owned by The Manufactures Life Insurance Company (MLI) which is 100% owned by the Manulife Financial Corporation a publicly traded company. Details regarding all affiliated companies of MLI can be found on the Manulife Securities website Please confirm with your advisor which company you are dealing with for each of your products and services.