Not exact matches
Too many people put money away without having a
clear idea of what they want their
retirement to look like.
Have a
clear idea of what you want in
retirement, whether it's traveling or spending more time with family, and then communicate that to your planner.
They should get to work on developing a
clearer idea of how they plan to live in
retirement and if the lifestyle they have in mind is financially feasible.»
Taking out money from an RRSP to
clear your debts might sound like a good
idea but there are plenty
of considerations to take into account, like immediate tax consequence and whether tapping into
retirement funds will leave you wanting in your golden years.
«How much lawyers need in
retirement depends on their own circumstances and needs, but what is
clear is that many lawyers have an
idea of what they would like to have after they finish work, but don't understand enough about pensions to make effective plans to achieve it.
The general
idea of using
retirement money to fund a business that you personally benefit from is clearly legal (ERISA is
clear on this in sections 406, 407 and 408).