https://padlet.com/mariah_angeli_005/evj3z6ta1x0v By: Mariah Laroco en-us 2018-12-03 17:03:33 UTC 2024-08-29 07:13:26 UTC hello@padlet.com mariah_angeli_005 https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310524438 Each of us has a certain limit in life when we are able to work. In Canada, the age standard age for retirement is 65 years old. Having a retirement and financial security helps us become financially stable when we are no longer able to work. Not only does having financially security helps us, but also helps our loved ones in case we are no longer able to provide for them due to an emergency. 
Therefore, it is important for each individual to start saving for the future. This Padlet page is all about how to be financially stable when you retire and also has information on what you are eligible for when you retire.]]> 2018-12-03 17:10:04 UTC https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310524438 mariah_angeli_005 https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310529983 This is a visual representation of how to start to create a financial security in the future. First, you have to determine your goals, then understand the risks, followed by assessing the resources, and develop a plan.

]]> 2018-12-03 17:19:28 UTC https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310529983 mariah_angeli_005 https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310538353 This image explains different steps on how to be financially stable. In summary, you must have money set aside in case the plan does not go as well as you want it.

]]> 2018-12-03 17:33:51 UTC https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310538353 mariah_angeli_005 https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310541197 Your 20s is when you are building a foundation in your life such as finishing school, finding a stable job, and planning and saving for your future. By the time you are in your 30s and are financially stable, that is when you start building your life such as getting married and having children. If you start saving and investing at a young age, by the time you are in your 40s, you will be able to enjoy your life.

]]> 2018-12-03 17:38:43 UTC https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310541197 mariah_angeli_005 https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310548608 This is a website by Toronto Dominion bank that helps you calculate how much you would have to save up for your ideal financial goal by the time you retire. All you have to do is provide information about your age, income, how much you have saved, and how much money you want to have in the future. I believe this is a perfect way for those people who want to start saving for their retirement. I believe it is best to start putting aside money as young as possible in order to be able to retire at the right age.

]]> 2018-12-03 17:50:16 UTC https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310548608 mariah_angeli_005 https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310554906 In this video, the author explains what retirement income each Canadian is entitled for. She touches base on Canadian Pension Plan (CPP), Old Age Security (OAS), Guaranteed Income Supplement (GIS), work pensions, and personal savings. She also talks about the process of each retirement income and talks about how much money you would get for each one and which one is taxable. Even though you are able to get retirement income from the government, it is still important to set money aside to be able to live comfortably when you retire. 

]]> 2018-12-03 18:00:23 UTC https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310554906 mariah_angeli_005 https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310557356  This website provides a module, in which it gives an estimate of your retirement income. The retirement income information includes Old Age Security (OAS) pension and Canada Pension Plan (CPP) retirement benefits. The calculator will help give a visual of how each retirement income system will help you in terms of your financial security in the future. The website also links to the eligibility for Canada Pension Plan and as well as how much you are able to receive.

]]> 2018-12-03 18:04:32 UTC https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310557356 mariah_angeli_005 https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310679762 In this video, it explains the definition of having a life insurance. Life insurance is a type of investment in order to provide financial help for your loved ones in case you pass away. Term life insurance is one of the types of life insurance that helps cover for a specific amount of time. A term coverage, on the other hand, protects the individual for a given amount of years in annual fixed payments.

]]> 2018-12-03 22:24:06 UTC https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310679762 mariah_angeli_005 https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310682044 To those who really want to retire, but do not feel like they have their desired income, this website link provides several ways to earn income while being retired. A few suggestions include: getting a part-time job, renting part of the house, applying for government benefits, etc.. I believe this website will also give those who are retired an idea of a hobby that they are able to make money off of. 

]]> 2018-12-03 22:32:59 UTC https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310682044 mariah_angeli_005 https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310684015 2018-12-03 22:41:18 UTC https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310684015 mariah_angeli_005 https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310740280 In this video, the author provides several ways on how to start saving money. One of the first things she mentioned was to set a goal in order to stay motivated into achieving what you want. Besides having a goal, you should open a savings accounts such as RRSPs or TFSAs because those are the types of savings accounts for special goals. Tracking and trimming you expenses is also crucial when it comes to saving money because it gives you a visualization of what you have been spending your money on.

]]> 2018-12-04 04:21:41 UTC https://padlet.com/mariah_angeli_005/evj3z6ta1x0v/wish/310740280