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Enjoying retirement and managing retirement funds

You're retired. Congratulations! All the hard work you put into saving for retirement is starting to pay off. Now your challenge is figuring out how to keep it paying off for another two or three decades.

Fortunately, you don't have to figure it all out alone. Your Desjardins Agent can work directly with you to create a personalized retirement income strategy with our free Insurance and Financial Review. It's just another way to help you take charge of your retirement.

Have an income plan

Plan and prioritize your withdrawals

To stretch your retirement income, it's a good idea to prioritize which accounts you take money from first. As a rule, withdraw from your taxable accounts first and leave your tax-deferred accounts alone. That gives them more time to grow.

Wait as long as possible to take a government pension

While you can elect to start receiving a reduced Canada Pension Plan (CPP) as early as 60, waiting until you reach the standard age of 65 will allow you to take the full retirement benefit.

Read more about CPP, and other government pension benefits in how much to expect.

Converting your savings to income

You've worked hard and saved hard. Now, you finally get to enjoy your 'golden years'. What happens to your savings? How much income will you draw? When do you need to close your RRSP? What will happen to those funds? These are all common questions your Desjardins Agent can help you answer.

Protect what you have

Help protect your family's future

Now is the right time to review your current life insurance policy with your agent to make sure you've provided enough for your loved ones in case the unexpected occurs.

Your Desjardins Agent can review your current life insurance policy to help determine if it adequately covers your family's needs. Together, we can also check your beneficiaries to make sure they're up to date.

Learn more about life insurance policies from Desjardins Insurance.

Retirement and insurance: your changing needs

Often, retirement means downsizing your home, the children are independent, there's typically a change of income and more thought towards health care costs. As your life stage changes, so do your insurance and financial services needs. An Insurance and Financial Review is a personalized one-on-one service to determine your needs, your priorities and your future.

Learn more from your Desjardins Agent.

Mutual Funds are not insurance products and are distributed through representatives of Desjardins Financial Security Investments Inc.

Please read the applicable Fund Facts before investing. Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments.

Mutual Funds are not guaranteed, their values change frequently and past performance may not be repeated. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer.

Neither Desjardins Insurance nor its agents provide tax or legal advice. Please consult your tax, legal or investment advisor regarding your specific circumstances

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