Sentences with phrase «savings during the coming years»

These tools provide a stream of guaranteed lifetime income payments for later in retirement, no matter what happens with the rest of your savings during the coming years.

Not exact matches

As people are having children later in life, there is a greater chance that the college tuition bill for their kids will come due during their prime retirement savings years or, in an increasing number of cases, just as retirement approaches.

1) Start saving early by setting realistic goals 2) Ensure the asset allocation in your portfolio remains in sync with your level of risk aversion and overall investment objectives 3) Keep costs and taxes to a minimum by avoiding most high turnover actively managed mutual funds and opting for tax - deferred savings whenever possible (not only do their investments grow tax - sheltered but for most people their MTR at retirement would be lower than it is during their working years) 4) Balance your portfolio at least annually (some individuals may choose to do so semi-annually) 5) Hammer away at your debt first — for example, when it comes to contributing to an RRSP or TFSA vs. paying down your mortgage, ideally you should do both.

Even if the borrower can't pay off completely within the initial rate period, paying a higher rate for a few years on a much reduced balance will not come close to wiping out the interest savings during the preceding years.