This is the million- dollar question. The answer will depend on the decisions you have made or will make going forward.
Your life has evolved and changed now you are 40 or beyond. The mortgage is close to being paid off, your income is higher, and your debts are lower. You are now moving from managing debt to building wealth. At this time in your life, it is important to put as much money as possible aside for the future, both inside and outside your RRSP. Tax planning for your retirement years also becomes an important priority.
We can help you with your retirement planning needs:
- RSPs
- Spousal RSPs
- Non-Registered Investment Accounts
- TFSAs
- Pension Transfers
- Personal Financial Plans
- Estate Planning
- Life Insurance