In this episode of "Your Retirement Planning Simplified", Joe, and Lindsay answer two listener questions related to retirement planning. They emphasize the importance of starting retirement planning as early as possible to take advantage of the power of compounding. While the ideal time to start concrete retirement planning is about three to four years before retirement, Joe recommends getting clear on one's values and purpose even earlier.
They discuss Canadians' best retirement accounts, including Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs). They also touch on defined contribution pensions, non-registered investment accounts, and tax-deferred savings within corporations for business owners. A good plan leads to a great retirement!
DISCLAIMER: Opinions expressed are those of Joseph Curry, a registrant of Aligned Capital Partners Inc. (ACPI), and may not necessarily be those of ACPI. This video is for informational purposes only and not intended to be personalized investment advice. The views expressed are opinions of Joseph Curry and may not necessarily be those of ACPI. Content is prepared for general circulation and information contained does not constitute an offer or solicitation to buy or sell any investment fund, security or other product or service.
