{"id":142,"date":"2023-05-30T17:42:47","date_gmt":"2023-05-30T17:42:47","guid":{"rendered":"https:\/\/dreamretirement.ca\/?page_id=142"},"modified":"2023-07-13T16:14:28","modified_gmt":"2023-07-13T16:14:28","slug":"retirees","status":"publish","type":"page","link":"https:\/\/dreamretirement.ca\/retirees\/","title":{"rendered":"Retirees"},"content":{"rendered":"

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RETIREES<\/h1>\n
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As a retiree, we are here to offer you the necessary financial guidance for this new phase of your life. We recognize that your needs and concerns are distinct, so we take the time to understand you and customize our approach accordingly. Our goal is to provide you with the knowledge and support to make informed financial decisions confidently. Let us assist you in achieving the financial security and freedom you deserve during your retirement.<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

Retirees<\/h2>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.21.0″ _module_preset=”default” background_color=”#DDE9C0″ custom_padding=”10px|10px|10px|10px|false|false” border_radii=”on|5px|5px|5px|5px” global_colors_info=”{}”][et_pb_blurb title=”SAVINGS” image=”https:\/\/dreamretirement.ca\/wp-content\/uploads\/2023\/05\/Untitled-design-12.jpg” _builder_version=”4.21.0″ _module_preset=”default” header_font=”|600||on|||||” header_text_color=”#3F3F3F” custom_margin=”||35px|||” global_colors_info=”{}” image__hover_enabled=”on|desktop” image__hover=”https:\/\/dreamretirement.ca\/wp-content\/uploads\/2023\/05\/Untitled-design-12.jpg”]<\/p>\n

The Tax-Free Savings Account (TFSA) is a valuable tool for reaching your savings goals. It lets you earn investment income and capital gains without being taxed.<\/p>\n

You can use a TFSA to accomplish various goals, like creating an emergency fund, saving for a house down payment, or planning for retirement.<\/p>\n

[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.0″ _module_preset=”default” background_color=”#DDE9C0″ custom_padding=”10px|10px|10px|10px|false|false” border_radii=”on|5px|5px|5px|5px” global_colors_info=”{}”][et_pb_blurb title=”RRIF” image=”https:\/\/dreamretirement.ca\/wp-content\/uploads\/2023\/05\/Untitled-design-15.jpg” _builder_version=”4.21.0″ _module_preset=”default” header_font=”|600||on|||||” header_text_color=”#3F3F3F” custom_margin=”||35px|||” global_colors_info=”{}”]<\/p>\n

A Registered Retirement Income Fund (RRIF) is a retirement account specifically structured to offer a reliable income source for retirees. It achieves this by converting their Registered<\/p>\n

Retirement Savings Plans (RRSPs) into taxable withdrawals, providing a consistent stream of income during retirement.<\/p>\n

[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.0″ _module_preset=”default” background_color=”#DDE9C0″ custom_padding=”10px|10px|10px|10px|false|false” border_radii=”on|5px|5px|5px|5px” global_colors_info=”{}”][et_pb_blurb title=”TAX PLANNING” image=”https:\/\/dreamretirement.ca\/wp-content\/uploads\/2023\/05\/Untitled-design-18.jpg” _builder_version=”4.21.0″ _module_preset=”default” header_font=”|600||on|||||” header_text_color=”#3F3F3F” custom_margin=”||35px|||” global_colors_info=”{}”]<\/p>\n

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As retirement approaches, it’s important to plan your taxes wisely. Tax planning involves evaluating your finances to minimize the amount of taxes you need to pay. This can be done through strategies like utilizing deductions and credits, investing in tax-advantaged accounts, and timing withdrawals effectively. A solid tax plan can help optimize your financial situation as you enter retirement.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.0″ _module_preset=”default” background_color=”#DDE9C0″ custom_padding=”10px|10px|10px|10px|false|false” border_radii=”on|5px|5px|5px|5px” global_colors_info=”{}”][et_pb_blurb title=”CPP\/OAS” image=”https:\/\/dreamretirement.ca\/wp-content\/uploads\/2023\/05\/Untitled-design-13.jpg” _builder_version=”4.21.0″ _module_preset=”default” header_font=”|600||on|||||” header_text_color=”#3F3F3F” custom_margin=”||35px|||” custom_padding=”||0px|||” global_colors_info=”{}”]<\/p>\n

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CPP and OAS are government programs providing financial support during retirement. CPP is based on your contributions, while OAS is a benefit for Canadians aged 65 and above. <\/p>\n

However, it’s important to save additional funds for retirement as the benefits may not cover all expenses.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.0″ _module_preset=”default” background_color=”#DDE9C0″ custom_padding=”10px|10px|10px|10px|false|false” border_radii=”on|5px|5px|5px|5px” global_colors_info=”{}”][et_pb_blurb title=”INSURANCE” image=”https:\/\/dreamretirement.ca\/wp-content\/uploads\/2023\/05\/Untitled-design-19.jpg” _builder_version=”4.21.0″ _module_preset=”default” header_font=”|600||on|||||” header_text_color=”#3F3F3F” custom_margin=”||35px|||” global_colors_info=”{}”]<\/p>\n

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Life insurance in retirement offers financial protection for your loved ones after your passing. It helps cover expenses like funeral costs, debts, and final expenses. This brings peace of mind, knowing your loved ones will be financially supported. Consider the costs and benefits of different policies to choose the right one for your needs and circumstances.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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<\/span><\/p>\n

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Estate planning is creating a plan for your assets after you pass away. It involves making a will or trust, arranging for dependent care, and planning for incapacity. <\/p>\n

The goal is to ensure your wishes are followed and your loved ones are cared for.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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RETIREES As a retiree, we are here to offer you the necessary financial guidance for this new phase of your life. We recognize that your needs and concerns are distinct, so we take the time to understand you and customize our approach accordingly. Our goal is to provide you with the knowledge and support to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"_links":{"self":[{"href":"https:\/\/dreamretirement.ca\/wp-json\/wp\/v2\/pages\/142"}],"collection":[{"href":"https:\/\/dreamretirement.ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/dreamretirement.ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/dreamretirement.ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dreamretirement.ca\/wp-json\/wp\/v2\/comments?post=142"}],"version-history":[{"count":6,"href":"https:\/\/dreamretirement.ca\/wp-json\/wp\/v2\/pages\/142\/revisions"}],"predecessor-version":[{"id":304,"href":"https:\/\/dreamretirement.ca\/wp-json\/wp\/v2\/pages\/142\/revisions\/304"}],"wp:attachment":[{"href":"https:\/\/dreamretirement.ca\/wp-json\/wp\/v2\/media?parent=142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}