Can you Name your Plan?
So, what does retirement look like in your future? Certainly not what it used to. By paying attention to your pension, you can shape the lifestyle of your choice in the next quarter or even third of your life. It truly becomes a way of turning life dreams into reality.
If you were on a game show and the skill-testing question was, “Describe your pension in two words,” would you win the prize? So, name your pension: _________________?
Don’t worry if you didn’t get the answer right. Nearly half of all Canadians don’t know the answer and worse, they have no idea of what their pension amount would be at retirement. Let’s review the different types of pension plans.