Starting your retirement planning early?

Here are some things to consider

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What would I like my retirement to look like? How much will I need to save? Can I really start to save now and manage my current expenses? These are some of the questions we may ask ourselves when we start to think about retirement and wonder how we can be in the best financial position possible for this big life event.

Although retirement may be in the distant future for the time being, the earlier you start to save and prepare, the better. Here are some key areas to think about when planning for your future.

  • Find out if your employer offers RRSP savings plans or matching contribution programs
  • Set up a monthly contribution plan
  • Check in with an advisor to help you develop a plan and maximize your saving potential. Your savings strategies, priorities and goals may change at different stages of your life and an advisor can help you adjust your plan so you can stay on track

Your near-term goals may change at varying stages of your life, but you can still build a long-term financial plan to help prepare for your future. You can be in control by educating yourself and preparing and adapting to change.

Talk to your advisor about building a plan to achieve your financial goals.


This information has been provided by RBC Global Asset Management Inc. (RBC GAM) and is for informational purposes only. It is not intended to provide legal, accounting, tax, investment, financial or other advice and such information should not be relied upon for providing such advice. The information contained herein is from sources believed to be reliable, but accuracy cannot be guaranteed. Please consult your advisor and read the prospectus of Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers.

® / ™ Trademark(s) of Royal Bank of Canada. Used under licence.   © RBC Global Asset Management Inc. 2017

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