Stage 1

Goodbye high school

You’re getting closer to retirement, let’s revisit your retirement savings plan.

Start working immediately

Go to trade school

Go to university

Stage 2

Savings and retirement planning. Already?

You are now earning a regular paycheck. Are you contributing to your savings and retirement?

No, I’m more focused on paying my bills

Roughly 5% of my income to a savings account

15% to an RRSP and 5% to a savings account

Stage 3

You live where?

Do you plan on buying a house?

I prefer to rent so I have the flexibility to move

I want to buy a home

I was given a place to live

Stage 4

To couple or not to couple

Do you have, or plan on finding, a partner or spouse?

No, I don't plan on getting married

I'm not sure yet...

Yes, marriage is in the cards for me

Stage 5

Wonderful addition?

Will you be adding any more members to your family?

A baby! (Remember this also likely means college tuition!)

Adopting a dog!

Nope!

Stage 6

But wait..

Sometimes life doesn't go as expected. Have any of the following events impacted your retirement plans?

My marriage ended and I'm getting a divorce

My parent passed and I received an inheritance

I'm going back to school for a career change

Nothing. Everything is going as expected.

Stage 7

Second chances

You’re getting closer to retirement, let’s revisit your retirement savings plan.

I’ve been contributing 15%, remember? I’m on track

I didn’t save earlier so I’ll start putting away 18% of my income to an RRSP and 2% to a TFSA and work a few extra years

I'll keep spending my money rather than saving

Stage 8

Dream cabin or just a dream?

An opportunity comes up to buy your dream vacation property. Do you buy it?

No, that's a big expense that I’m not ready for

Yes, I've always wanted a vacation home

Time flies when you’re having fun!

After a lifetime of hard work, retirement is right around the corner. Let's find out how you fared.

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