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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.