Retirement Will You Be Ready?

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RetirementWill You Be Ready?
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Retirement Planning

• Three REASONS you need a plan
• 1 - Life Expectancy is Increasing
• 2 - Cost of Healthcare is Increasing
• 3 - Income Tax is Increasing

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Life Expectancy
and to think, forty years ago I gave up
smoking and drinking for this.
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Life Expectancy
The number of years you can expect to live in
retirement has increased significantly since your
parents retired.
30 for women
50 for men
Source Statistics Canada
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Life Expectancy
For every 1,000 of monthly income you want, you
will need to save considerably more than your
parents did.
45,000 for women
61,000 for men
Assumptions RRSP earns 4.5 annual return,
income increased by 3 each year for inflation
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Life Expectancy
A well crafted financial plan can help to ensure
you do not out live your income.
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Healthcare
Years of healthy eating and exercise have
unfortunately added five more years to Melvins
Life.
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Cost of Healthcare
In Canada each year there are 145,000 cancer
diagnoses, 75,000 heart attacks and 40,000 to
50,000 strokes.
Chance of suffering a major illness in next 20
years.
46 Cancer Diagnosis
20 Having a Stroke
16 Heart Disease
Source Canadas Aging Population, Health Canada
Report
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Cost of Healthcare
Lost income resulting from an RRSP withdrawal to
cover 50,000 of unexpected medical expenses.
Assumptions 81,967 pre-tax withdrawal at
various ages, 7 return pre-retirement, 5 return
in retirement
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Cost of Healthcare
A financial plan can help you prepare for
unexpected medical expenses.
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Income Taxes
Now are you convinced that the tax
simplification plan will work, chief?.
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Income Taxes
For 2009, if you are under 65 you have 5 tax
brackets to manage, the highest being 39.
Combined Federal and Alberta tax rates
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Income Taxes
For 2009, if you are over 65 you have 11 tax
brackets to manage, the highest being 51.
Combined Federal and Alberta tax rates
includingOAS and the Age Credit Clawbacks
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Income Taxes
A financial plan can help you maximize your
after-tax income in retirement.
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We Can HelpWith Our Exclusive Planning Service
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2020 Retirement
1. Investment Planning 2. Retirement Planning 3.
Estate Planning
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Talk to Your AdvisorTODAY
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Mackie Research Capital CorporationPrivate
Client Division
Our Advisors At Mackie Research Capital, our
Investment Advisors work on your behalf to
provide you with needed advice and solutions
tailored to your personal situation. Wealth
Management Mackie Research Capital provides full
wealth management services which enable you to
identify and meet your financial and life
goals. Managed Portfolio Accounts For investors
who want the freedom to focus on what is
important to them and the confidence that their
wealth is being managed according to the high
standards they demand.