https://padlet.com/tammy_field/GNEDAssignment2 en-us 2018-10-31 15:24:51 UTC 2023-07-26 04:04:12 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Templeball.png tammy_field https://padlet.com/tammy_field/GNEDAssignment2/wish/306800084 Planning for retirement starts with asking yourself some important questions about when you want to retire and what you plan on doing in retirement. This website covers all the information needed including a calculator to determine how much savings you'll need.
Setting goals then becomes one of the key factors in successful planning. Without goals you are unable to track your progress to ensure you will be ready when the time comes to retire.]]> 2018-11-21 17:12:29 UTC https://padlet.com/tammy_field/GNEDAssignment2/wish/306800084 tammy_field https://padlet.com/tammy_field/GNEDAssignment2/wish/306804041 This image is helpful in illustrating how much is typically spent in retirement. These are important to keep in mind when you're considering how much you will spend when building your retirement plan.]]> 2018-11-21 17:28:54 UTC https://padlet.com/tammy_field/GNEDAssignment2/wish/306804041 tammy_field https://padlet.com/tammy_field/GNEDAssignment2/wish/306808412 This video is very effective at breaking down the major steps in starting your retirement planning. MoneySense magazine is a respected source for financial tips and knowledge.
This video gives you the confidence to plan because it makes the concept attainable and easy to understand. The basic idea is that you need to have income to pay your bills; not an arbitrary number of savings.]]> 2018-11-21 17:41:00 UTC https://padlet.com/tammy_field/GNEDAssignment2/wish/306808412 tammy_field https://padlet.com/tammy_field/GNEDAssignment2/wish/306810634 Although this video makes reference to American savings vehicles, the concept still applies to Canadians. It is generally more important to start earlier, rather than be able to invest large amounts of money into your retirement plan. Generating interest is one of the biggest advantages of retirement savings, and the only way to take advantage of that interest is with time.]]> 2018-11-21 17:48:48 UTC https://padlet.com/tammy_field/GNEDAssignment2/wish/306810634 tammy_field https://padlet.com/tammy_field/GNEDAssignment2/wish/306812503 This video contains some really great advice from Scotiabank regarding how to determine how much you will need for retirement.
It's common to hear that you need $1 million dollars to retire. But this may not be true based on the funds you are entitled to. They present the information in simple language and the animations make sense of the concepts.]]> 2018-11-21 17:56:15 UTC https://padlet.com/tammy_field/GNEDAssignment2/wish/306812503 tammy_field https://padlet.com/tammy_field/GNEDAssignment2/wish/306816139 This is a good visualization on how you should breakdown your spending when building your current budget. It's important to note that without a budget for current spending, it will be incredibly difficult to plan and set goals. You need to put one in place and use it to reach your retirement goals.]]> 2018-11-21 18:10:11 UTC https://padlet.com/tammy_field/GNEDAssignment2/wish/306816139 tammy_field https://padlet.com/tammy_field/GNEDAssignment2/wish/306894148 This Padlet was compiled By Christhiane Ribeiro and Tammy Field.
Our purpose for this Padlet is to show how important retirement planning is, and how important it is to start early. We've put together some resources to show you how easy that can be, and how you can get started.]]> 2018-11-22 02:51:18 UTC https://padlet.com/tammy_field/GNEDAssignment2/wish/306894148 tammy_field https://padlet.com/tammy_field/GNEDAssignment2/wish/306895291 This infographic shows the big difference that a few years can have on interest earning potential. By starting 10 years earlier and contributing less per month, this scenario shows the impact interest has on your savings.]]> 2018-11-22 02:58:43 UTC https://padlet.com/tammy_field/GNEDAssignment2/wish/306895291 tammy_field https://padlet.com/tammy_field/GNEDAssignment2/wish/306896812 At this Website, you can find a Retirement financial checklist that has the most important concepts you need to start with. 
 It is an excellent resource with step by step, and it even provides you links to more pages explaining everything you need to know about the financial retirement system including tips on budgeting during retirement,  public pensions, types of insurance, working while collecting a pension, pension income splitting and updating your will. ]]> 2018-11-22 03:10:04 UTC https://padlet.com/tammy_field/GNEDAssignment2/wish/306896812 tammy_field https://padlet.com/tammy_field/GNEDAssignment2/wish/306897018 At this website, you can find useful tips to make the most out of your retirement planning. It is called “7 top retirement tips for 2018,” and it has essential tips that we all should consider when we think about saving for our future. Although they are simple tips, it can make a significant difference in our retirement planning if followed as suggested. Some of the suggestions include: Budgeting, paying off debts, staying healthy and setting up gradual transitions process.]]> 2018-11-22 03:11:40 UTC https://padlet.com/tammy_field/GNEDAssignment2/wish/306897018 tammy_field https://padlet.com/tammy_field/GNEDAssignment2/wish/306898396 2018-11-22 03:22:38 UTC https://padlet.com/tammy_field/GNEDAssignment2/wish/306898396