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It’s time for real retirement planning

Discover the facts behind retirement planning myths. 

Don’t let these myths derail your retirement plans

Myth: Never carry debt into retirement

While it’s wise to avoid having “bad” debt in retirement (such as high-interest credit card balances), “good” debt, such as a home equity line of credit, can be a useful financial tool in retirement. 

Myth: Cost of living is lower in retirement

This all depends on the kind of retirement you want. Many financial advisors recommend having 80% of your working income in retirement, or more if you plan on an active retirement involving travel. 

Myth: RRSPs are a complete retirement plan

While RRSPs are a tax-efficient way of investing for retirement, real retirement plans also include income sources such as CPP/QPP, OAS, TFSAs and company pensions.

Myth: $1 million is enough for retirement

The amount that any investor will need when they retire can vary greatly, depending on when they hope to retire, the type of retirement they’re planning for and other expected income. 

Read more about retirement myths

What you should expect from a true retirement plan

A real retirement plan focuses on how much you’ll need in retirement and considers all retirement income sources, how to manage debt, your legacy and tax efficiencies. Discover the priorities for your stage in retirement planning:

Beginning your retirement planning journey

We start with a clear picture of the kind of retirement you want, when you want to retire and how we’ll help you get there.

Get started
Actively planning your retirement

We regularly monitor your retirement plan and projected income, to help keep your retirement goals on track.

Discover your options
Approaching your retirement 

We examine the most tax-efficient ways to withdraw from all retirement income sources to help ensure your money lasts.

Find out how

Retirement planning challenges and strategies 

How to plan a tax-efficient retirement withdrawal strategy
By IG Wealth Management
December 20
Read article
How to help your retirement portfolio stay ahead of inflation
By IG Wealth Management
December 15
Read article
What is longevity risk in retirement and how can you manage it?
By IG Wealth Management
December 15
Read article
Five myths about retirement planning
By IG Wealth Management
December 20
Read article
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Want a real retirement plan?

Speak to an IG advisor.

Insurance products and services distributed through I.G. Insurance Services Inc. (in Québec, a Financial Services Firm). Insurance license sponsored by The Great-West Life Assurance Company (outside of Québec).

Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund.Mortgages are offered through I.G. Investment Management, Ltd., registered as a mortgage brokerage in NB, ON (license no. 10809), NS (license no. 3000240) and as a financial services firm in QC (license no. 2400376104).


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