Module 1: Planning Your Retirement Journey

Your readiness score helps provide a clear picture of how much of your target retirement income you can expect to receive with your current plan. This is pretty common for your fellow Canadians. Many of our members find themselves with a retirement readiness score below 100%, and that’s okay. That’s why we’re working together. Consider your current […]

Let’s break down retirement income forecasting. First, let’s explore government benefits – the core of your retirement income: Your Common Wealth plan will help calculate your expected benefits by considering: Next, we’ll review your existing savings: The last step in projecting your retirement income is to forecast how much you can expect from the savings

How long will you actually need your retirement savings to last? At Common Wealth, we do the math for you. We follow financial planning guidance and assume you live a bit longer than average. When it comes to retirement planning, caution works in your favour. By planning for a longer life, you’re protecting yourself against

After you set your retirement age, you’ll want to estimate how much money you’ll need in retirement.  Think of this as your “retirement paycheque” – it’s basically your salary, but instead of coming from your 9-to-5, it comes from all your retirement income sources. For most people, your retirement paycheque can actually be smaller than your

A good first step in the retirement planning process is to set a goal. You’ll start by making an estimate of when you want to retire from full-time work. It’s OK if this is a very rough guess. The median retirement age for Canadians is about 65. That number has been increasing over the past

Welcome! We’re helping make retirement planning and saving accessible to EVERYONE – regardless of your income, job situation, or where you’re starting from financially. In the following short videos, we’ll help you feel better and more comfortable, while understanding some essential retirement concepts.