Is Your Retirement Plan Truly Future-Proof? What Most People Get Wrong About Financial Planning

In this episode, Reshma sits down with Alynn Godfroy, an experienced financial advisor who specializes in retirement planning. Alynn shares her expertise on when to start thinking about retirement, the importance of saving early, and how to navigate through the complexities of retirement savings plans.

Alynn and Reshma dive deep into topics such as the classic rule of 35-35-20 for budgeting, the impact of pensions on retirement savings, and the importance of understanding group retirement plans. They also discuss the advantages of having multiple streams of income, including rental properties, and how to balance paying off a mortgage versus saving for the future.

Differences between RRSPs and registered pension plans and how to prepare for unforeseen circumstances in retirement. Alynn also touches on government plans available for retirees and the common mistakes people make when planning for retirement.

Introduction to Retirement Planning

The Importance of Early Savings

Understanding Pension Plans

Group Retirement Plans Explained

RRSP vs. Registered Pension Plans

Asset Classes for Diversification

The First Home Savings Account

Retirement Income Needs

Real Estate and Retirement Income

Alynn Godfroy

https://www.godfroyfinancialgroup.com/

Phone: 519-258-1995