Your retirement will be as unique as you are. Travel, family, hobbies…no one will combine these and other activities the same way you will. Here are some tips to help you discover what it means to you.
As you plan ahead for your retirement, don’t just think about the numbers—also think about what you want your retirement to look like. Here are some key questions to ask yourself:
For help answering questions like these and more, ask an RBC Financial Planner about Your Future by Design®.
Your Future by Design is a discovery process that you can walk through with an RBC Financial Planner. By asking the right questions, we can help you figure out what you want your retirement to look like. After we understand your goals, we look at what you own, what you owe, and where you stand—to design your unique plan.
You can also have some fun with our interactive tool now and start thinking about how you want to spend your time in retirement.
Another great way to discover what you want out of retirement is to do some of the things you have planned. Think you want to live in California for part of the year? Take 2-3 weeks off work if you can and actually go stay in the area you are considering.
Also try living on the amount of money you think you'll need to see if your lifestyle plans and financial reality are in line. An RBC Financial Planner can help you estimate the budget you’ll need to enjoy the lifestyle you want and suggest adjustments to your retirement plan as needed.
Retirement is an exciting time full of new experiences and new routines. However, since you've never been retired and don't know exactly what to expect, make sure you have the flexibility to adjust along the way:
Part of planning for retirement means thinking about those closest to you. And if you're like many people, you may be providing for aging parents or grown kids after you’ve stopped working.
Here are some questions to ask yourself as you plan:
If you can say “yes” to any of these, ask an RBC Financial Planner to help you create a plan that balances this support with your income needs in retirement.
For more information, see Balancing Retirement with Your Legacy.
For a private consultation, or for help designing your retirement plan, please complete the information required below:
I understand I am under no obligation and RBC Royal Bank and/or Royal Mutual Funds Inc. (RMFI) will contact me using the information provided only in relation to financial and retirement planning. RBC Royal Bank and its affiliates are committed to keeping your personal information confidential. All RBC Royal Bank and RMFI employees are required to maintain the confidentiality of client information at all times.