How To Plan For My Retirement? 
Ideally planning for retirement should start as soon as we start working . Why ? Chances are we will make it to retirement and be there longer than we are in the traditional workforce . In short , the sooner you start saving the more you can take advantage of compound interest . A pilot has a checklist to be sure nothing is left out . I suggest you use one to help plan for your retirement , it will save you time and money . It is a shameless plug , but you will find one at www.RetirementPlanningCheckList.ca that you can use as a guide . Here is brief overview : First you need to decide , what a successful retirement means to you and then choose a retirement date as a focus point . Next determine , what it will cost to fund your retirement goals . Do a retirement budget , etc. . Once you determine the cost , how much you need to accumulate and need to save can be determined . Examine and co-ordinate the various sources of retirement income . Review your employee benefits to determine what you will need to supplement with personal plans . If you are self employed , you will need to address what is going to happen to , and with , your business . Succession planning needs to be addressed . Ensure your estate plan is up to date with what you want to happen after you are gone - will , beneficiaries for insurance and retirement account , etc. . Keep your spouse informed and be sure to have a Personal Record Organizer that provides the location of your important documents . Choose a financial planner to assist you . Take action , get started . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . There is additional information on retirement planning and business succession planning on my website . www.jpw.ca 