Retirement Planning

When thinking about retirement, it can be overwhelming to figure out all the numbers, like what age you’re going to retire, how much money you need and how long do you need the money to last. Here are six areas to consider when planning for retirement.

Income Needs

• Determine how much you need in retirement.

• Make sure you account for inflation in your calculations


• If you have any debts, you should try to pay off your debts as soon as you can and preferably before you retire.




• As you age, your insurance needs to change. Review your insurance needs, in particular, your medical and dental insurance because a lot of employers do not provide health plans to retirees.

• Review your life insurance coverage because you may not necessarily need as much life insurance as when you had dependents and a mortgage, but you may still need to review your estate and final expense needs.

• Prepare for the unexpected such as a critical illness or long-term care.

Government Benefits

• Check what benefits are available for you on retirement.

• Canada Pension Plan- decide when would be the ideal time to apply and receive CPP payment. (Payment depends on your contributions)

• Old Age Security- check pension amounts and see if there’s a possibility of clawback.

• Guaranteed Income Supplement- if you have a low income, you could apply for GIS.


• Review your company pension plan. Check if it’s a defined benefits or contribution plan. Determine if it makes sense to take the pension or the commuted value.

• Make sure you are saving on a regular basis towards retirement- in an RRSP, TFSA, LIRA or non-registered. Ensure the investment mix makes sense for your situation.

• Don’t forget to check if there are any income sources.  (ex. rental income, side job etc.)


• Are you planning to use the sale of your home or other assets to fund your retirement?

• Will you be receiving an inheritance?

Other considerations

One other consideration that’s not included in the checklist is divorce. This can be an uncomfortable question, however, divorce amongst adults ages 50 and over is on the rise and this can be financially devastating for both parties.

We know this can feel overwhelming so we’re here to help and provide guidance to help you achieve your retirement dreams.
Contact us about helping you get your retirement planning in order so you can gain peace of mind that your family is taken care of.

Using a thoughtful and disciplined approach to make your money work for you in the best possible way  – both for cash flow today and growth for future financial security.

I was referred to Nancy for a financial consultation. Nancy’s knowledge of financial Instruments, networking, tax laws and shelters has resulted in a portfolio that has positioned me to retire with the confidence of income and tax benefits upon death.

Ted O.

Retired Social Worker

Nancy has been very supportive in helping me identify the types of life and travel insurance plans I needed. She would provide me with optimal packages available tailored to my requirements and budget. She is very responsive whenever I have questions or any concerns during the process of my applications and beyond.

After meeting with multiple brokers from various companies, I found Nancy the most sincere and compassionate to help me with my needs. I felt at ease, without being pressured to make firm decisions on how my money will grow and benefit. The support is much appreciated!

Lynden F.


Nancy was superb to work with – she was quick to respond, empathetic with my needs, offered insurance options without bias and put my interests first.

Specifically, Nancy helped put together an incredible insurance arrangement for my business. I’d recommend her and Plumtree’s services to anyone looking for to fulfill their insurance or wealth management needs!

Hussein K.

Consultant & Entrepreneur

How We Work Together


Let’s talk about what matters most to you.  Your dreams and goals. 



We craft a customized plan for you.



Enjoy the benefits of financial wellness.