Red Portfolio Home > Planning for Retirement > Making the Most of It
It’s your retirement.
Make the most of it.
Today 12 percent of the population is over the age of 65. Thirty years from now, seniors will make up 25% of the population¹. That is why Red Portfolio can’t stress enough the importance of taking control of your future financial state today. Because we think your retirement should be everything you want it to be – and more.
Curious to know how much you have saved for your retirement through your contributions to Canada Pension Plan (CPP)? Take a look at your Statement of Contributions you receive each year. Your statement is an important financial document. It gives you details on your earnings and the contributions you have made so far to the CPP. Obtain a copy of the CPP Statement of Contribution online or by mail.
As of January 1, 2007, the basic Old Age Security (OAC) pension, paid to people 65 years of age and over, will remain unchanged at $491.93 per month.²
More money in, more money out.
Today, retirement is lasting a lot longer than in the past. Which means you’ll need more money for it. Annuities help provide the additional financial resources you need—for as long as you need them. Adding annuities to your existing retirement portfolio means you’ll have a guaranteed source of income, even one you can’t outlive.
Remember that dream fund?
If you haven’t already been actively putting money into it, now’s the time. Who knows, maybe you’ll want to take a two-week cruise to Alaska or spend a month sightseeing in Europe. Or maybe you’ll want to make the most of your home—and your health—and install a pool in your backyard. The point is, retirement is your time. So now’s the time to keep adding money to your dream savings so you’ll be able to make the most of it.