Planning Retirement
- Planning for retirement
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Your To Do List
Anytime is a good time to start planning for your retirement. These resources will help inform and guide you through some of the key things you should be considering.
Helpful resources when planning for retirement
- Approaching retirement
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Your To Do List
In this stage we recommend:
- Start thinking about what you will do when you retire. Investigate hobbies, volunteering, part-time work, etc.
- Learn about retirement savings arrangements and your options for when you retire
- Find out what government benefits you may receive when you retire
- Review the eligibility requirements for retirement under your retirement and/or savings program
- Review your employee benefit program (and your spouse’s as well) to see what happens to your coverage when you retire
- Evaluate your lifestyle and residence needs in retirement
- Take a look at the “Buying/Selling a House” life event
As you near retirement, there is a lot to consider. It's not just about leaving the workforce; it’s about continuing your life. Make sure you're ready by reviewing these resources.
Helpful resources when approaching retirement
- Retiring
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Your To Do List
In this stage we recommend:
- Understand what you need to do with your retirement savings by the end of the year in which you turn 71
- Collect your proof of age documents
- Apply for government benefits at least 6 months before retiring
- Notify your employer of your intent to retire
- Apply for your retirement program benefits and/or decide what to do with your savings plan assets
- Apply to convert any applicable benefits (such as life insurance) to individual policies
- Review your employee benefit program (and your spouse’s as well) to see what happens to your coverage when you retire
- Apply for your provincial prescription drug coverage for seniors, if applicable
- Investigate individual health and dental care plans, if necessary
Now that you are retiring, it’s critical you understand your finances. Use these resources to make sure your financial health will be maintained throughout retirement.
Helpful resources for retiring
Your Employee and Family Assistance Program provides this resource. Request access to this service through or contact the Care Access Centre at 1 800 387-4765.
Your Employee and Family Assistance Program provides this resource. Request access to this service through or contact the Care Access Centre at 1 800 387-4765.
Your Employee and Family Assistance Program provides this resource. Request access to this service through or contact the Care Access Centre at 1 800 387-4765.
