Wednesday Jan 12 - Maintain and Update the Plan

Q: How often should you be reviewing your retirement plan?

A: As a general rule, your retirement plan should be reviewed at least annually. You want to make sure your retirement income goals are being met. That may seem obvious, but you would be surprised how many people I see, don't know the answer. In addition, unexpected events can come up and force new turns in life. Some examples of events that can throw a wrench in your plan are: Death of a family member, unexpected expenses, a change in heath, or shortened worklife through disability or layoff. The main point is that life changes so your plan needs to be dynamic, which requires you to maintain and update your plan regularly.

Friday January 14th we are hosting a wealth management discussion featuring retirement planning. We have a few spots open so if you would like to attend call us at 868-5525 or visit our website at yourlifeyourplan.ca.