Planning Ahead: Retirement Savings Made Simple
Saving for retirement is important at every stage of life. Starting early lets you benefit from compound interest and increasing contributions during peak earning years or after expenses ease can help you reach your goals faster.
There are several ways to save for retirement, including pension plans, registered pension plans (RPPs), and group RRSPs. Our Investment Representatives can help you explore your options and choose the right path for your future.
A pension plan is a retirement savings option provided by your employer or association that combines your contributions with others for investment growth and may include matching contributions to supplement your savings.
A registered pension plan (RPP) is a retirement savings plan set up by your employer that includes required contributions and offers tax advantages. In Canada, there are two types: defined contribution and defined benefit plans.
A group RRSP is an employer-sponsored registered retirement savings plan where your contributions are tax-deductible and grow tax-deferred. Your contributions are pooled with other employees’ and can be invested based on your goals. You can also make additional contributions or transfer existing RRSPs into the plan.
How can you build a better retirement plan?
Support your employees’ financial security in retirement and they will thank you. Whether you are a sole proprietor or a large organization, we can help you determine which retirement planning solution is right for you.
We can help you design and manage a retirement program that’s tailored to your organization, including group and individual retirement plans, one-on-one counselling for employees nearing retirement and long-range retirement planning and education services for younger employees. We also have the experience to provide group and individual financial planning services, education programs and professional guidance with every retirement plan.
Contact us today to get started!
Group Retirement Plans
We’ll begin with an understanding of your goals and how your group retirement plan can bring you closer to them.
We’ll help you monitor your plan’s performance and work with you toward continuous improvement, whether you choose a group Registered Retirement Savings Plan (RRSP), a Group Pension Plan, or Individual Pension Plans (IPP).
Plan Design and Implementation
Your Moe Mailloux Financial Services Investment Representative will guide you in the design and implementation of your plan, including:
Needs Assessment
- Plan Analysis
- Investment Analysis
- Economic and Market Commentaries
- Regulatory Compliance Analysis
- Plan Sponsor and Employee Advice and Guidance
- Goal-Setting
Define Mutual Goals
- Scheduled Reviews
- Plan Design and Development
Identify Measurements
- Identify Products
- Disclose Fees
- Develop and Manage Employee Communications