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Retirement Planning
Are you 5-10 years from retirement or newly-retired? Whatever your plans, retirement can be an exciting time. As you prepare to transition to the next phase of your life, there are many financial and non-financial issues to consider. This site provides you with retirement planning resources to help you prepare for these issues. Read on to learn more.
If retirement is many years away, there are fundamental steps you can take now to prepare a solid base for your future. It’s never too early to begin planning – get started now.
Take Charge of Your RetirementTM
Canadians are living longer. A man retiring today at age 65 can expect to spend 17 years in retirement; for a woman, that number is 20 years1. Twenty years is a long time, so it's important to have a plan for your retirement. Have you worked out the details of your retirement and thought about:
- Who you will be spending your retirement with?
- What you will be doing on a day-to-day basis?
- Where you will live?
- How your health could impact your plans?
While you may have given some thought to your retirement plans, it’s important to really think through the details. Even the most straightforward plans can have significant financial considerations.
Use our online tool to build your retirement picture and discover the potential financial implications. Discuss your picture with a BMO investment professional to develop an action plan that will address any financial implications.
Life Events in Retirement
Life can change. And while some changes are planned and generally positive, others are unforeseen and may cause stress or discomfort. When facing a life event in retirement, there are different options you need to consider. Find out how BMO Financial Group can support your needs in times of change:
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