1. ADVERTORIAL
Canadians want a retirement that’s personalized for
them. After deciding on a retirement goal, it’s time
to build an investment strategy to get there. In part
two of this three-part series, personal finance expert
Deirdre McMurdy has advice on how to create a plan
that’s right for you.
Make an appointment to meet with a Scotiabank advisor and get
a personalized plan that will help you reach your retirement goals.
Invest early. The sooner
you start planning ahead for your
retirement, the more flexibility and
the more choices you’ll have. But it’s
never too late to start investing. Figure
out the steps required to achieve your
goals over the long-term. New to
financial planning? Try using a tool like
Scotiabank’s Retirement Savings Reality
Check™ at scotiabank.com/retireready
to explore different investment scenarios
based on your sources of income.
TIP
DEIRDRE’S
Invest in
your retirement
Personal
Finance Expert
DEIRDRE
MCMURDY
75%:PROPORTION OF FUTURE RETIREES
WITH A WRITTEN FINANCIAL PLAN
WHO ARE COMFORTABLE THEY
ARE ON TRACK TO REACH THEIR
RETIREMENT GOALS.
(Scotiabank Customer Knowledge & Insights,
November 2013 Investment Poll)
RETIRE
YOUR WAY
10 YEARS TO RETIREMENT
TIP
DEIRDRE’S
TIP
DEIRDRE’S
Stay invested. Financial markets can be volatile. When
markets get temperamental, it’s not the time to panic. If you have a
plan and you stick to it, there is less reason to worry about the short-
term ups and downs and how they’ll affect your long-term retirement
plans. Your financial advisor can create a personalized investment plan
that factors in your risk assessment and meets your retirement goals.
Invest regularly. Saving for
retirement is like running a marathon—you
wouldn’t do it without any training. Start
small by making regular weekly, bi-weekly or monthly
contributions to an RRSP or TFSA and build on that
foundation as your finances grow. Review your investment
plan annually to ensure your contribution amounts reflect
any ups and downs in your employment, health or family
life, and chances are you’ll be in great financial shape.