Fidelity Investments has just released their 2025 Retirement Report which contains a wealth of information regarding retirement in Canada. Contact us and we will send this valuable report to you. We highly recommend that you read this excellent summary of financial issues and trends affecting Canadians, including: changes in average retirement age, expected savings needed to...Read More
Whether you are planning for retirement or are already in retirement, the Commonwealth Financial Strategies team can help you to explore your retirement roadmap ensuring that you take advantage of all available financial strategies. We invite you to a personal Zoom meeting to discuss: 1. The lifestyle you would like to maintain throughout your retirement....Read More
We routinely cover the following topics with clients because they can significantly affect their personal finances. This framework can help prepare you for financial success. Let us know if you have any questions and we can set up a time to discuss your financial goals with you. 1. Budget and Balance Sheet Issues Taking periodic...Read More
Most of us work hard, sacrifice and invest our savings over many years but when our retirement arrives we may not have fully considered how to make the significant lifestyle shift from saving to spending. We must learn to change our mindset from accumulating assets to spending our money. Frequently, for those who are frugal...Read More
In this newsletter we have attached Fidelity’s 2025 Retirement Report. This survey of 2,000 Canadians provides an overview of their attitudes and preparedness regarding retirement. What is the outlook for Canadians who want to retire soon? Do they believe they have enough savings and do they anticipate working post-retirement in some form? What do they...Read More
“Either you can retire or your money can retire but not both.” Recently, a wise friend reminded us of this astute phrase to highlight the point that we must make our money work for us. Our sustainable program of “pension-style” investing maximizes your benefits. We promote this approach because it best assists you to prepare...Read More
If you want to know the financial net worth of the average Canadian see below. This chart is from an article by Fidelity Canada entitled, How Much do Canadians need to Save for Retirement?https://www.fidelity.ca/en/insights/articles/how-much-canadians-save-for-retirement/ Although this survey was taken in 2019 and it does not include real estate but only financial assets (minus: Tax Free Savings...Read More
Most Canadians choose to work with a financial professional primarily to seek retirement advice and indeed it’s never too late or too early to consider how to enjoy a happy retirement. Through listening to their clients, financial advisors gain practical experience and understanding that allows them to provide retireees with timely and relevant information. These...Read More
The heart of our CommonWealth Team investment model is to participate in significant market upside while incorporating defensive strategies to limit downside volatility. “Return takers” have no control over the performance of markets but we can and do control the process of investing for you. We can help you navigate volatile financial markets. Our well-researched...Read More
