SECURING YOUR RETIREMENT ESSENTIAL BUDGETING TIPS FOR CANADIAN SENIORS

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SECURING YOUR RETIREMENT ESSENTIAL BUDGETING
TIPS FOR CANADIAN SENIORS
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• About Us

• We at Credit720 work for you in a similar way
  just as your Tax Consultant or Accountant. You
  hire our expert advice in debt negotiations as we
  help protecting your assets and safeguarding your
  rights as our esteemed client.
• At Credit720, our goal is to protect your best
  self-interest and not the creditors. Debt
  Consolidation, Consumer Proposal - Calgary
  Edmonton Region.

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• SECURING YOUR RETIREMENT ESSENTIAL BUDGETING
  TIPS FOR CANADIAN SENIORS

• A recent survey has shown that Canadians are
  health conscious. More than 77 of Canadians are
  taking various steps to improve their health, and
  such tendencies have contributed to their life
  longevity.
• However, over 50 of Canadians dont have a
  financial plan for their retirement. The reasons
  behind it vary greatly, and the survey has
  exposed them.

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• The majority of respondents (27 of Retirees
  42 of non-retirees) have admitted that they have
  never thought about their retirement plan.

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• Tip 1 Start It as Early as Possible
• You might have noticed in the above chart that
  16 of non-retiree respondents believe we are too
  young to plan for retirement. However, according
  to data on CHIP Reverse Mortgage,
• If you start saving at the age of 25, you will
  have more working years to contribute than you
  start at the age of 35.
• Thus, you will save substantially a lot before
  retirement age.

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• Tip 2 How Much Will You Save?

• According to a piece of expert advice, you
  should follow the 70 Rule for your retirement
  savings. Suppose your retirement savings replace
  70 of your income per year.

• According to  Lets assume you are earning
  100,000 per year at the time of retirement. So,
  you should have a provision for 70,000 per year
  as retirement income.

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• Tip 3 Explore Retirement Income Options in
  Calgary, Edmonton, Lloydminster, Alberta in
  Canada
• If you live in Calgary, Edmonton, Lloydminster,
  Alberta in Canada, you will have three known
  options to obtain retirement income.
• Government Pension Benefits
• Employer Pension Benefits
• Personal Investment Benefits
• Lets explore each option in brief.

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• Tip 3 Explore Retirement Income Options in
  Calgary, Edmonton, Lloydminster, Alberta in
  Canada
• Government Pension Benefits
• Canada Pension Plan CPP starts at the age of 60
  you have to pay income tax.
• Old Age SecurityOAS begins at the age of 60
  you need to pay income tax. It also includes GIS
  (Guaranteed Income Supplement) for seniors whose
  income is below a certain amount.
• Guaranteed Income Supplement-GIS is based on your
  marital status and income. You wont pay any tax
  on GIS payments.

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• Tip 3 Explore Retirement Income Options in
  Calgary, Edmonton, Lloydminster, Alberta in
  Canada
• Employer Pension Benefits
• Defined Contribution Pension Plan Its a way
  you and your employer set a defined percentage
  (18) of your income aside for your retirement
  budget.
• Defined Benefits Pension Plan You know how much
  youre going to receive at retirement. A formula
  decides it.
• Locked-in Retirement Account LIRA is
  implemented when you leave an employer with a
  pension plan. You cant withdraw your money until
  you retire.

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• Tip 3 Explore Retirement Income Options in
  Calgary, Edmonton, Lloydminster, Alberta in
  Canada
• Personal Investment Benefits
• Registered Retirement Saving Plan Your savings
  account will register with CRA (Canada Revenue
  Agency), so you will not pay any tax until you
  start withdrawing your money at retirement.
• Tax-free Saving Account You can put your
  retirement investment as mutual funds or
  segregated funds.
• Income Annuities A saving plan that never
  changes with market or interest rate fluctuations
  gives you a steady retirement income.

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• Tip 4 Take Advantage of Credit Rebuilding
  Service in Alberta
• If you have debt in the market, your retirement
  planning may be affected heavily. You can take
  the help of credit rebuilding services in
  Alberta, Canada, offered by Credit720.
• Choose a reputable credit rebuilding service in
  Alberta like Credit720, to guide you.
• Explore various services, including credit
  counseling, debt management plans, negotiating
  with creditors.
• Carefully review the terms and conditions.
• Know your rights.
• Monitor your progress.
• Build healthy habits to reduce credits.

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• Tip 5 Gain Advantage of Personal Debt Counseling
  Services in Calgary, Edmonton, Lloydminster,
  Alberta in Canada
• Here are some steps to reduce your personal debt
  and follow plans for your contribution to your
  retirement budget
• Find dependable personal debt counseling services
  in Canada -like Credit720.
• Provide accurate financial information to the
  counseling agency.
• Grasp your options.
• Get clarity on each query in your mind.
• Follow their recommendations and plans
  religiously.
• Develop healthy money management habits.
• Be patient and committed to your plans and
  schedules.

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Contact Us
Red Deer 924, 4747 67th St,Red Deer AB, T4N
6H3Telephone [phone]Fax (780)
666-9721Email info_at_credit720.ca Edmonton
South 9856A 33 Ave NW, Edmonton AB T6N
1C6 Telephone [phone] Fax (780)
666-9721 Email info_at_credit720.ca
Edmonton North 203, 12930 50 St, Edmonton, AB T5A
4L2 Phone [phone] Email info_at_credit720.ca
Lloydminster(Alberta Saskatchewan) Unit 102,
4802 -50th Avenue, Lloydminster, AB T9V
0W5 Phone [phone].666.2600 Email
info_at_credit720.ca
http//www.credit720.ca