# data[].attributes.body
This video explains 14 smart things a person should do before retiring. It explores the ways that could help set you up for success like paying off debt, saving, budgeting, pensions, RRSPs, etc. which are all crucial in retirement. Additionally, this video explains setting up a set plan on how you want your retirement to look since transitioning from working to retirement can have serious effects on a person mentally, emotionally, physically etc. This video helps us think about every aspect to acknowledge before retiring like spousal, and inheritance but essentially educates viewers on the foresight of retirement.

I chose this video because I thought it was a great resource to help get ideas on smart things to do before you retire. This video does an amazing job at explaining tips to assist in having a smoother transition toward retirement, this person explains various aspects of saving, minimizing debt, having a war chest, investing etc. all of which are important parts of thinking ahead for retirement. I thought it was useful how this video gave proactive factors to help a person set themselves up in case of emergencies. I also like how this video not only looks at the banking aspect but also the mental well-being a person should be assessing to get a fulfilled retirement which is so important.

# data[].attributes.body
Welcome to my Padlet, which is about retirement and financial security. Here you will learn about what retirement financial security is through websites, videos and images. Retirement financial security is having enough passive income to cover expenses for the rest of your life. Having knowledge on this topic will allow you to get tips on understanding savings, investments, budgeting, pensions and much more that are critical when it comes to retirement. Additionally, in this Padlet will explore retirement plans which is a key factor when it comes to setting goals in a retired lifestyle that is secure.

# data[].attributes.body
This video explains 6 tips that a lot of Canadians do not know when it comes to retirement. The key points of this video explain information about LIRA which is in relation to RRSP accounts. In addition, OAS and CPP knowledge. Furthermore, tips on LIF and RRIF, income splitting, and partial conversion of RRSP to RRIF. Even though this video is quite short it helps viewers who are in retirement get better information on their accounts and how they can maximize their funds. Overall this video is great at summarizing ways to be more educated with your money when in retirement.

I chose this video because I never saw these types of tips from other videos and helps me get an inside scoop on what will be effective for Canadians in retirement. This video specifically points out specifics in pensions and investments which are 2 main factors when it comes to retirement and maximizing money for financial security when retired. One piece of information that I found useful was how OAS will automatically start at age 65 unless you decline the request, whereas CPP does not start automatically. I actually never knew this before however, is great knowledge when being of that age.

# data[].attributes.attachment_link.title
6 Retirement Tips That Most Canadians Don't Know

# data[].attributes.body
This video explains the Canadian retirement survey where the Ontario Securities Commission surveyed Canadians 50 years and older. This video helped give viewers insight into what retirement actually looks like. Additionally giving information on retirement-specific percentages of the population of Canada and how they are managing saving for retirement. This video explores the challenges of pre-retirees, household income, investment portfolios, standard of living and much more knowledge on this topic. This video does a great job of explaining retirement plans vs reality to give better knowledge on how to be financially stable. Lastly, it gives retirement saving strategies to help viewers be on the correct track in their finances.

I chose this video because I thought it helped give perspective on how the population of people entering retirement in Canada are actually doing and feeling towards their funds. This video was great in showing knowledgeable data on how the future of retirement, inflation, and pensions are going and what individuals are having to do just to enter retirement one example that was shown was having to sell their homes. One piece of information that I found useful from this video is the comparison of people who are retired and pre-retirees how they saved, and what they did during retirement. This aspect of the video was very useful for me in knowing what funds I actually need for retirement and what the lifestyle looks like for a person who is retired. I never knew the term "go-go stage" before this video and showed that it is the earlier years of retirement where people do more which I thought was interesting in the statistics in the video.

# data[].attributes.attachment_link.title
Canadian Retirement Survey (the numbers may shock you!)

# data[].attributes.body
This video dives into retirement income strategies and how specifically to use them to ensure financial security at this time of a person's life. The key points in this video were explaining what retirement income plans are, and giving guides to form flexibility in your retirement lifestyle. In addition, this video explores the main components of retirement from expenses, fixed vs. variable expenses, social security information, required minimum distributions and much more to ensure a good plan for the future. This video also points out healthcare costs which are important during retirement, as well as investment strategies and sustainable withdrawal plans to allow viewers to make rational educated actions for retirement.

I chose this video because not only does it educate viewers on financial security but also helps them find suitable resources to make informed decisions on how they will use and save funds during retirement. This video does a good job of viewing the short-term and long-term parts of retirement and why evaluating expenses with a financial plan is important. The person doing the video is also a financial planner which could help a person who is looking at planning for retirement / in retirement navigate savings, investments, expenses, and withdrawal plans. One piece of information that I found useful was knowledge about managing required minimum distributions (RMDs). I never knew what this was since no other video I had watched on retirement spoke on this. However, this video educated me that it is a required fund to take out a certain percentage from the pre-tax accounts, and not withdrawing can cause a large tax liability which is important to know about.

# data[].attributes.attachment_link.title
Retirement Income Strategies- Ensuring Financial Security in Your Golden Years

# data[].attributes.body
This website gives a general guide to what exactly retirement planning is since a lot of individuals do not know what this is. This website covers how retirement planning works, why have a retirement plan and the steps in planning which can apply to almost anyone. Additionally, this website sets you up for the future by explaining why a financial advisor is important, where to begin in your retirement planning, and where to save money for retirement. This site gives great tips on saving plans like RRSP, and TFSAs that give information, and also would help in determining how much exactly you need for retirement by looking at age, lifestyle, pension income and much more. Overall, this website gives amazing financial assistance for balancing needs, wants, and finances for retirement.

I chose this website because it is such a good guide in first starting to think about retirement planning. I like how it dives into knowing about retirement planning and it gives details on why it is important to start planning. Furthermore, this website helps determine a person's outcome in what they specifically want out of retirement because a variety of people want to live their retirement in many different ways. In addition, I thought it was useful how this website put links to things like a retirement quiz, and a retirement cash flow calculator while additionally giving opportunities to get more in-depth information about specific concerns regarding retirement. This would definitely be helpful for a person who is looking for knowledge on how to save, invest, and know more about retirement.

# data[].attributes.attachment_link.title
Financial steps for getting ready for retirement

# data[].attributes.attachment_link.description
Get ready to retire by setting your saving and investing goals, checking your debt payment and insurance needs, and managing your income for your lifestyle.

# data[].attributes.body
This website is for a beginner who is trying to save for retirement in Canada. This website provides individuals with the knowledge of services that could accommodate a person who is looking to save for retirement like information on planning and saving, a retirement checklist, retirement income, housing options for seniors, pensions, and much more that are all aspects that are critical in retirement planning. Each of the categories provides links to detailed information on the specific aspect of planning you are looking for and gives knowledge of the ins and outs of Canada's retirement.

I chose this website because since it is from the government of Canada it is essential information to know with correct facts on how to plan for retirement. Additionally, I liked how this website gave good information on how you wanted to retire, and the different pensions that are available in Canada (ex. public, employer, old age security pension etc.) One key piece of information that I found useful from this website was the retirement financial checklist, this aspect was helpful for me in looking at key steps in managing the finances in retirement and provided links at the bottom of each step to learn more which I found useful.

# data[].attributes.attachment_link.description
Information to help you plan for retirement, including how much money you might need, where your money may come from, creating a will, and estate planning.

# data[].attributes.body
This website is a free Canadian retirement calculator that helps you understand how much you will need to save for retirement. It allows you to personalize your specific information and tells you how much you need to retire and how much you have saved already. The calculator considers your registered and non-registered savings, annual returns, investment fees, income tax, and inflation. Additionally, list frequently asked questions individuals have about retirement, and have specific answers to help guide in making the correct choices in starting their retirement planning journey.

I chose this website because it is an interactive place to determine your financial goals within retirement. I love that this website can be specific for any person because it can be edited for how old you are, your income per year, how much savings you have and savings in registered accounts like TFSA or RRSP which are very detailed. In addition, one piece of information that I found useful within this website was how detailed you can base your retirement plan to be financially stable for the future. Since it is a Canadian retirement calculator it shows market assumptions to take into consideration when basing your calculations such as inflation rates, or Rate of return in retirement net of fees. Overall, this is such an amazing website to start planning for retirement.

# data[].attributes.attachment_link.readable_text
We charge a fraction of the fees that traditional mutual fund investors pay. Our management fee is 0.5% (it drops to 0.4% when you invest more than $100,000), plus underlying fund fees of about 0.1%. The average mutual fund investor pays 2% in fees.

Our smart technology helps keep your portfolio on track with auto-deposits, automatic rebalancing, and dividend reinvesting. And, we have a team of experienced financial advisors available to answer your questions and provide advice - whenever you need it.

Note: the total savings above, calculates the what you'd save if you were investing with Wealthsimple Invest compared to a traditional mutual fund investor. We compare the growth of your current savings between now and your retirement based on the rate of return selected. All figures are for illustrative purposes only, actual results will vary and fees among other factors are subject to change.

# data[].attributes.attachment_link.title
Free Canadian Retirement Calculator | Wealthsimple

# data[].attributes.attachment_link.description
Curious to know how much you need to retire? Our retirement savings calculator will help you understand how much you'll have and how much you'll need.

# data[].attributes.body
This image depicts the small but important reasons why it is crucial to plan for retirement early. Most people do not think about planning for their retirement and therefore do not have steps in place to guide saving for this time in life. This picture helps people with a few key aspects to think about for their retirement.

I chose this picture because I like how it shows how planning for early retirement will help you and your family. I also thought this image helped in thinking about steps to know about in retirement like getting tax benefits, or preparing for medical expenses, etc. Each aspect of this image shows deeply what will be important in retirement and good information to set individuals up for success in financial security.

# data[].attributes.body
What did you learn about your topic that surprised you the most?

What I learned about retirement and financial security that surprised me the most was that debt is the leading cause of why people in Canada have such a difficult time saving for retirement. Before researching about retirement I never knew so many individuals have such large amounts of debt within credit cards and it shocked me that from this debt people do not have savings in their accounts that contribute to their retirement plans. This information was crazy for me to learn about and is one of the most beneficial aspects that I will take away in not doing when it comes to my finances in the future. Another thing in relation to this was not starting a retirement plan until late in life. This was another aspect that surprised me in knowing since a lot of people often speak about retirement in excitement but do not actively save money to put aside for this time in their lives. These two aspects surprised me the most and from the knowledge I learned from videos, images, and websites I will incorporate the information into my life to be successful in the future of my retirement.

# data[].attributes.body
Provide a real-life example of how this topic is relevant or interesting for you.

A real-life example of how retirement and financial security is relevant to me is even though retirement is very far down the road for me, I can see my parents working hard to save to get a head start on retirement and from what I see being accomplished from my parents it shows that starting early with saving is massively important and will ultimately be beneficial for the future. Additionally, learning from my parents that having an RRSP has been the most beneficial and helped them with investing and saving for the future, so I will easily start this kind of account for myself.

# data[].attributes.body
If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?

The most important piece of knowledge that I would share with a family member or friend is starting a retirement plan since it is so critical when it comes to having financial security. After researching all the websites, videos, and images the most important aspect of retirement was to have a retirement plan to help set goals, evaluate savings, and income yearly, and invest now so that you can have financial stability and money to maintain a comfortable lifestyle where you can be fulfilled during retirement. Additionally, with having a retirement plan it would be helpful for individuals in my life to know that the positives outweigh the negatives when it comes to planning since having this can help with emergencies, financial freedom, paying for medical expenses and much more. All these aspects would be a great start for a family member or friend to know about so that they can integrate this into their life and start early on.

# data[].attributes.body
This image helps depict if you are on the right track with your financial savings. The first image showed ways in which to save for retirement but this image helps give a guide for the certain age group you are in. This image helps visually see if you are saving correctly depending on what age you are.

I chose this image because this shows it does not matter how old or young you are, saving for retirement is important whatever age you are at. I also liked how this image gives specific details on the general age you are (ex. forties), how much your annual income should equal for your retirement (ex. forties should equal 3X your annual income), and a clear example which really helps view the amount of income to savings.

# data[].attributes.body
This website explains how to be financially secure for retirement and helps identify 5 tips to help with retirement savings. This site efficiently explains savings, fees and costs, investment discipline, fiduciary governance, and risk pooling, all of which are associated when thinking about retirement. Furthermore, this website gives simple but effective tips and tricks for investments, savings plans and everyday factors that impact how you will have financial security in the future.

I chose this website because I like how it gives realistic attributes that can make saving for retirement hard. Even though this website recognizes the difficulties it also gives support in finding ways to save that fit correctly for a specific individual. One piece of information that I found useful was focusing much of the information on how to be smart when investing. Having knowledge of investing in retirement is very helpful for me and helps me assess bad investor behaviours so that I can manage my money better.

# data[].attributes.attachment_link.description
Learn how to make your retirement savings work harder with our five value drivers, helping you achieve a worry-free retirement.