How women can plan for a longer retirement

Listen to this Podcast


How women can plan for a longer retirement

Canadian senior women live an average of three years longer than men, while their annual retirement income is significantly lower. That means careful planning is even more important if you’re a woman. Make sure you’re on track for a long — and financially secure — retirement.

1. Know your CPP, OAS, GIS

These important acronyms stand for Canada Pension Plan, Old Age Security and Guaranteed Income Supplement. You can learn more about these public pensions, find out which ones you qualify for and estimate how much you could receive at the Government of Canada site.

2. Choose your investments

An investment strategy can help you achieve the growth you need to build a nest egg that will support you through 20 or 30-plus years of retirement. It should also consider how your investment mix will change over time, so that the proportion of safer investments increases closer to retirement. Your investment advisor will work with you and recommend investments based on your comfort with risk, your savings goals, and your time until retirement.

3. Use registered funds

The Tax-Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP) were designed to help people maximize long-term savings. It’s important to understand how these tools work and how to best use them for your situation. Depending on your income, your spouse’s income if you are married, and your anticipated income level during retirement, you might choose to hold your savings in RRSPs, spousal RRSPs, TFSAs, or some combination of these. Your financial advisor can help you figure out how to get the greatest benefit from these savings vehicles.

4. Protect yourself with insurance

If you have a spouse or common law partner, life insurance is an important tool to help preserve your current lifestyle and protect your financial wellbeing if your loved one passes and you find yourself having to cope on your own.

5. Think like a team

If you are married or have a common law partner, it’s important to consider all of your financial planning jointly. Estate planning (including wills and beneficiary designations) insurance, income from personal savings (including annuities, RRIFs, TFSAs and other sources), government pensions — all of these should be considered as part of a larger picture to ensure financial stability and to minimize taxes.

6. Create a financial plan

A well-rounded financial plan will provide you with a roadmap to guide you through to retirement and beyond by outlining a strategy for all of the points noted above. It should take into consideration any specific health concerns that may have an impact on your finances or your living arrangements.

Your financial advisor is an important part of your retirement planning team. Our advisors are trained to ask the right questions to help you develop a plan that addresses every aspect of preparing for retirement, tailored to your specific needs as a woman.

2,219 thoughts on “How women can plan for a longer retirement

  1. udjvcsnics says:

    quick loans near me quick business loans for startups quick loan quick cash loans quick click loans

    cash loans quick quick personal loans [url=http://rus-stroy10.ru/ ]quick loan[/url] quick cash loans cash loans quick

  2. xvnylsnics says:

    how quick does sallie mae report loans paid off quick payday loans quick loan quick small business loans how quick does sallie mae report loans paid off

    ways to get quick loans quick cash loans [url=https://paydailoanz.com/# ] quick loan[/url] quick loans bad credit with monthly payments quick payday loans

    https://paydailoanz.com/# – quick loan

  3. ttdmvsnics says:

    make money fast how to make fast money make money how to make money online how to earn money online or gift cards to amazon how to start a blog and make money

    make money on youtube best way to make money [url=https://make-money-blogs.com/# ] work from home[/url] best ways to make money online make money fast

    https://make-money-blogs.com/# – work from home

  4. smoretraiolit says:

    Hey, I think your blog might be having browser compatibility issues. When I look at your blog site in Firefox, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, awesome blog!

  5. cbd oil says:

    I’ve been exploring for a bit for any high-quality articles or weblog posts in this kind of area . Exploring in Yahoo I finally stumbled upon this site. Studying this information So i am satisfied to convey that I’ve an incredibly just right uncanny feeling I found out just what I needed. I most without a doubt will make certain to don?t omit this web site and provides it a glance regularly.|

  6. sirhdalike says:

    prix tadalafil generic cialis tadalafil generic cialis tadalafil buy tadalafil tablets tadalafil online canadian pharmacy

    tadalafil biogaran prix prix tadalafil tadalafil 20mg tadalafil canadian pharmacy cialis vs tadalafil generic

    https://supertadalafil.com/ – cheap tadalafil

    mylan tadalafil tadalafil tablets 20 mg cialis tadalafil tadalafil generique en pharmacie interactions for tadalafil

    tadalafil powder adcirca tadalafil tadalafil cialis tadalafil vs viagra generic cialis tadalafil

    https://xtadalafilx.com/ – tadalafil generic

  7. xhvaralike says:

    tadalafil 20 mg best price tadalafil 40 mg tadalafil liquid tadalafil reviews generic cialis tadalafil 40 mg

    buy tadalafil tablets tadalafil mylan tadalafil generic sildenafil vs tadalafil interactions for tadalafil

    https://supertadalafil.com/ – buy tadalafil online

    tadalafil 5mg cialis tadalafil liquid tadalafil tadalafila tadalafila

    tadalafil pronunciation tadalafil online tadalafil generic tadalafil generique tadalafil 20

    https://xtadalafilx.com/ – cialis tadalafil

  8. otrtdalike says:

    tadalafil 20mg prix tadalafil cialis buy tadalafil online buy tadalafil online tadalafil powder

    tadalafil pronunciation tadalafil canadian pharmacy tadalafil dosage generic cialis tadalafil 20mg generic cialis tadalafil best buys

    https://supertadalafil.com/ – tadalafil liquid

    prix tadalafil generic tadalafil buy tadalafil online tadalafil vs sildenafil tadalafil 20

    adcirca tadalafil interactions for tadalafil tadalafil liquid cheap tadalafil tadalafil 20 mg

    https://xtadalafilx.com/ – tadalafil dosage

  9. rogqsalike says:

    tadalafil for women tadalafil 20mg cialis tadalafil what is tadalafil tadalafil 20mg avis

    generic for cialis tadalafil tadalafil liquid tadalafil cialis tadalafil 20 mg prix liquid tadalafil

    https://supertadalafil.com/ – tadalafil 5mg

    buy tadalafil online tadalafil 10mg tadalafil reviews buy tadalafil tadalafila 20mg

    buy tadalafil online tadalafil for women tadalafil 20 mg tadalafil 20 mg best price tadalafil cost

    https://xtadalafilx.com/ – tadalafil cialis

  10. yzfumalike says:

    tadalafil 20mg prix tadalafil lilly tadalafil liquid tadalafil 5mg tadalafil for women

    tadalafil canadian pharmacy tadalafil generic cialis 20 mg tadalafil 20mg tadalafil online canadian pharmacy tadalafil vs viagra

    https://supertadalafil.com/ – tadalafil dosage

    generic cialis tadalafil best buys tadalafil tablets 20 mg tadalafil 20 mg tadalafil generic vs cialis tadalafil 20mg avis

    tadalafil tablets tadalafil 5mg cialis tadalafil tadalafil generic mylan tadalafil

    https://xtadalafilx.com/ – tadalafil generic

  11. taoxfalike says:

    tadalafil canadian pharmacy tadalafil 20 mg tablet tadalafil 20 mg tadalafil en ligne tadalafil citrate

    side effects for tadalafil tadalafil 20 mg tablet tadalafil dosage tadalafil generique tadalafil 20 mg prix

    https://supertadalafil.com/ – tadalafil 20 mg

    tadalafil prix tadalafil 20 mg prix generic cialis tadalafil tadalafil biogaran 20 mg prix tadalafil 20 mg

    generic for cialis tadalafil tadalafil biogaran 20 mg prix tadalafil 20 mg tadalafil citrate tadalafil liquid

    https://xtadalafilx.com/ – generic tadalafil

  12. JustinDot says:

    Write My Paper – EssayErudite.com

    Looking for an expert to write my paper for you? You are at the right place.
    Providing superior writing service appears to be our main specialization and passion.
    Our website is the best destination for every English-speaking student who calls for assistance when handling his or her daily academic tasks.

    write my paper

    Write My Paper – https://essayerudite.com/write-my-paper/

    buy essay online cheap
    buying essay
    writing a college essay
    buy custom essays online
    college paper writers

  13. mywyealike says:

    tadalafil 20 mg prix purchase peptides tadalafil tadalafil reviews generic cialis tadalafil 20 mg from india generic cialis tadalafil best buys

    tadalafil prix en pharmacie tadalafil canadian pharmacy tadalafil liquid buy tadalafil online sildenafil vs tadalafil

    https://supertadalafil.com/ – tadalafil liquid

    tadalafil 5 mg tadalafil generique en pharmacie tadalafil 5mg tadalafil 20mg tadalafil lilly 5mg prix

    tadalafil 10 mg cialis vs tadalafil generic tadalafil 5mg liquid tadalafil tadalafil dosage

    https://xtadalafilx.com/ – tadalafil liquid

  14. JustinDot says:

    Write My Paper – EssayErudite.com

    Looking for an expert to write my paper for you? You are at the right place.
    Providing superior writing service appears to be our main specialization and passion.
    Our website is the best destination for every English-speaking student who calls for assistance when handling his or her daily academic tasks.

    write my paper

    Write My Paper – https://essayerudite.com/write-my-paper/

    write my research paper for me
    writing college essays
    help me write my paper
    best custom essay writing service
    write dissertation

  15. xcpcsalike says:

    tadalafil en ligne tadalafil 20mg cheap tadalafil tadalafil 20mg avis tadalafil 10mg

    tadalafil for women tadalafil 20mg avis tadalafil reviews tadalafil 5mg prix buy cialis ebay find tadalafil

    https://supertadalafil.com/ – tadalafil liquid

    generic tadalafil tadalafil 10mg tadalafil generic buy cialis ebay find tadalafil generic cialis tadalafil 40 mg

    tadalafil vs vardenafil tadalafil online canadian pharmacy tadalafil 20 mg generic tadalafil tadalafil dosage

    https://xtadalafilx.com/ – tadalafil liquid

  16. BrianIdeva says:

    Our Drug Prices are 70% less than your local pharmacy

    Our online pharmacy is the leader in delivering medications throughout the world.
    Our goal is to provide medications at discount rates to everyone who is affected by expensive local prices.
    Our company is a professionally managed distributor of generic drugs.
    We provide high-quality service supplying drugs all over the world.
    link —> http://tiny.cc/drugstore

  17. wtrnralike says:

    buy tadalafil 20mg price tadalafil canadian pharmacy generic cialis tadalafil tadalafil for women generic cialis tadalafil 20mg

    mylan tadalafil tadalafil side effects cheap tadalafil tadalafil 10mg prix cialis generic tadalafil

    https://supertadalafil.com/ – tadalafil 20 mg

    tadalafil 20 buy tadalafil online tadalafil 5mg tadalafil online tadalafil lilly 5mg prix

    adcirca tadalafil tadalafil prix generic cialis tadalafil tadalafil biogaran prix tadalafil for women

    https://xtadalafilx.com/ – tadalafil dosage

  18. Royal CBD says:

    Fantastic beat ! I wish to apprentice while you amend your web site, how can i
    subscribe for a blog site? The account aided me a acceptable deal.
    I had been tiny bit acquainted of this your broadcast provided bright clear idea

    P.S. If you have a minute, would love your feedback on my new website
    re-design. You can find it by searching for «royal cbd» — no sweat if you can’t.

    Keep up the good work!

  19. Lucaswop says:

    Our Drug Prices are 70% less than your local pharmacy

    Our online pharmacy is the leader in delivering medications throughout the world.
    Our goal is to provide medications at discount rates to everyone who is affected by expensive local prices.
    Our company is a professionally managed distributor of generic drugs.
    We provide high-quality service supplying drugs all over the world.
    link —> http://tiny.cc/drugstore

  20. cbd oil reviews says:

    I have been surfing online more than 4 hours today, yet I never found any interesting article like yours. It’s pretty worth enough for me. In my opinion, if all website owners and bloggers made good content as you did, the internet will be much more useful than ever before.|

  21. AngellaDrilk says:

    Just one dollar a month will not be reflected in your home budget, especially since you pay much more for the Internet and do not think about the costs, and your income will increase from month to month. You just need to program yourself to work for a long time in the digital business and remember that there are no freebies on the Internet. Money must be earned competently and honestly. To do this, there is a computer, the Internet and competent programmers – employers. On the Internet, 99.9% of all proposed projects for earnings are scams and hypes that are created by crooks and scammers. We are the 0.1% that people trust. We are not ashamed of our system! On the Internet, you will not find reviews from people who have been affected in our system. There are only a few paid fake experts who are trying to denigrate our company (although the <a and <a projects received <a from Yandex "a Site with a high degree of user engagement and loyalty")… These false experts advertise Scam banners on their websites, under the guise of alleged decency. This must be understood!

    Do you want to become a financially independent person? Go to our system where you will be helped, prompted and taught. We are in touch around the clock. <a

    <a
    <a
    <a
    <a
    <a

  22. Ephedoinhinue says:

    — Он занят, — ответил я, — у него сейчас свой бой идёт. как закрыть кредитную карту ситибанка, получить онлайн кредит. — Ну не хочешь показываться, хрен с тобой, но хотя бы объясни, куда это я попал? кредит экспресс волга банк, Для неё любое напоминание о Днестре – боль. хочу взять кредит быстро, кредитный калькулятор кредитной карты. Когда они уже стали отходить, я набрала записку Королеве об опасности, телепортировала Селену в замок и вышла из кустов.

  23. Jamesalefe says:

    Знаете ли вы?
    Русские мечтали о шапке-невидимке, а древние греки — о кольце невидимости.
    Жизненный путь абсолютного большинства звёзд известен заранее.
    Английский крейсер ценой четырёх попаданий защитил конвой от немецкого рейдера.
    Возможно, что американцы уже в 1872 году вмешались в канадские выборы.
    Не удержавшись от писательства, Амалия Кахана-Кармон создала одну из важнейших книг в истории Израиля.

    http://www.0pb8hx.com/

  24. TerrePoMop says:

    So, you are actually prepping to compose a Ph. D. argumentation in an experimental place of Computer technology. Unless you have composed lots of official papers before, you are in for a surprise: it is actually tough! There are two achievable pathways to success: Preparing Ahead. Couple of take this course. The couple of who perform leave behind the Educational institution therefore swiftly that they are actually barely noticed. Willpower. All you actually need to do is outlast your doctoral board. The good news is actually that they are much more mature than you, therefore you can easily think who are going to eventually end to begin with. The trouble is actually that they are a lot more engaged in at this activity (it goes without saying, they stood firm in the face of their doctoral board, didn’t they?).

    dissertation writing process

  25. TosYuiNg says:

    Два ёмких тоста:

    У одной женщины родился мальчик. Во всем он был похож на остальных детей, кроме одного – вместо пупа у негобыл болт на тридцать шесть. Шли годы, мальчик рос, и стал интересоваться этой странной особенностью, но мать отнекивалась и говорила: – Подожди. И вот исполнилось ему 16 лет, и узнал он всю правду о тайне, окружающей его. . . Еще в детстве гадалка сказала, что найдет он разгадку за тридевять морей, за тридевять лесов, на высоком дубе в сундуке. И отправился мальчик в поход. И случилось с ним все так, как в известной нам сказке. В конце концов медведь помог ему свалить дуб, сундук разбился, из него выскочил заяц, потом из зайца утка, из утки – яйцо. Подобрал мальчик яйцо, разбил и увидел ключ на тридцать шесть. Стал он откручивать ключом болт, и у него отвалилась задница. . . Так давайте выпьем за то, чтобы нам не приходилось искать приключений на свою задницу!
    и
    В 20 лет мужчина – это такой инструмент, который играет без настройки. В 35 лет – это скрипка. Настраивается 2-3 минуты и играет по желанию настройщика. В 55 лет – это рояль: один настраивает, другой играет. Так даваете выпьем за то, чтобы мы, мужчины, играли на скрипке до самой старости!
    Ну как? Интересно? Ну и немножечко:
    информация
    сылки
    сылки
    информация

    gdTTjuijhytfbbvgfrsdatjuuuugftRgghhjj