Retirement Planning

A question of attitude

The financial crisis has altered the economic landscape and our relationship to our investments. It has made us aware of the importance, as investors, of being more involved in managing our investments and more proactive as we plan for retirement.

Three golden rules for successful retirement planning:

1. Get involved and informed
One sound habit to adopt is getting involved in the process of accumulating assets that will allow you to maintain your standard of living at retirement. In developing this habit, you will need to be open to educating yourself financially and develop a business partnership with your advisor.

2. Be disciplined
Planning for retirement requires a constructive attitude and a long term perspective. Starting to invest as early as possible, following a disciplined and thorough process, making regular investments, and diversifying your investments are some of the key strategies for successful retirement planning.

It is never too late to take control of your business. Teach your children and grandchildren about the importance of planning for retirement by exposing them to financial concepts as early as possible.

3. Regularly reassess your financial and family parameters Regularly review your financial and family parameters to ensure your retirement planning is in line with your current personal situation and your risk tolerance. A variety of events can arise at every stage of your life: the birth of a child, a job promotion, the purchase of a house, an inheritance, the illness of a family member, etc. These events, which have a significant impact on our financial lives, must be considered as you develop your investment strategy.

Choose an easy-to-remember date, such as your birthday or another date with special meaning, to assess your financial situation. This continual process of reevaluating your personal situation and readjusting your retirement planning is a responsible way of handling your financial assets.

There is a strong correlation between investors' behavior and their thought processes. The education and training we were given from an early age play a major role in our current attitudes and behavior. Dare to reinvent yourself!

Be proactive when it comes to planning your retirement. When you take control, things can only get better!