With a population of over 717,961 and more than 119,400 people aged 65 and above, it’s clear that many in Mississauga are navigating the important life stage of retirement.
Many are concerned about rising living costs and unexpected expenses. In fact, 32% of retirees have found their monthly expenses higher than anticipated, particularly among those with lower incomes. With the median income in Mississauga being $39,200, careful financial planning becomes essential.
Despite our city’s robust economy, many pre-retirees and retirees face financial uncertainties. Did you know that 34% of retirees and 37% of pre-retirees do not hold any investment products? This lack of investment can impact the ability to maintain a comfortable lifestyle during retirement.
This is where a retirement advisor can make a significant difference. We can help you understand and optimize your sources of income, whether it’s government benefits like CPP and OAS, employer-provided pensions, or personal savings. For instance, 54% of retirees rely on CPP as a main income source, but many pre-retirees are less confident about their financial readiness.
Moreover, preparing for unexpected life events is crucial. Nearly half of retirees experienced unforeseen circumstances that significantly affected their finances, such as long-term disabilities. Yet, many Canadians have not prepared for possibilities like health-related expenses or appointed a power of attorney.
By working together, we can create a personalized plan that addresses your specific needs and goals. Whether you’re among the 50% who have an employer pension plan or you’re concerned about rising inflation and its impact on your savings, professional guidance can provide clarity and confidence.
Retirement should be a time to enjoy life—spending time with family and friends, pursuing hobbies, and exploring new interests. Don’t let financial uncertainty stand in the way of your retirement dreams. With the right planning and support, you can secure your financial future in Mississauga.
Let’s connect to discuss how we can help you navigate this important journey.
How Aleph Retirement Planners Helps
Living in Mississauga, many over 50 are facing uncertainties about retirement. Rising living costs and unexpected expenses can make it challenging to feel secure about the future.
Expenses in retirement often turn out higher than expected, and concerns about inflation and health care costs are common. Without a solid financial plan, it’s easy to feel unprepared.
We understand these challenges and want to help navigate them with you. By offering services like retirement income planning and investment management, we can work together to create a strategy tailored to your needs.
Whether it’s managing debt, optimizing your pension, or planning for long-term care, our goal is to help you retire with confidence. Let’s build a plan that addresses your concerns and sets you up for financial success during retirement.
Many in our community worry about outliving their savings or unexpected health care expenses. With expertise in savings strategies and insurance review, we can help you prepare for the unexpected.
Pre-retirees
Pre-retirees in Ontario often face uncertainty about their financial future, with many lacking investment products or a clear plan for retirement. Rising costs, including inflation and housing, add pressure, while unexpected expenses can disrupt their savings. Many worry about running out of money or needing to work longer to achieve financial security.
Retirees
Many retirees in Ontario face unexpected costs, higher-than-anticipated monthly expenses, and a heavy reliance on government benefits like CPP and OAS. With rising inflation and increased living costs, managing a fixed income can be challenging. Without careful planning, there’s a risk of outliving savings, leaving many feeling uncertain about their financial future.
Services Offered
Retirement Income Planning
Investment Management
You can grow and protect your investments to help secure your financial future during retirement.
Tax Income Strategies
You can reduce your tax burden in retirement to keep more of your money for the things you enjoy.
Health & Long-Term Care Planning
You can prepare for potential health care costs in the future so unexpected medical expenses don't derail your retirement plans.
Estate Planning
You can ensure that your assets are passed on according to your wishes, providing peace of mind for you and your loved ones.
Debt Management
You can manage and reduce your debts to free up more money for your retirement goals.
Savings Strategies
Build up your nest egg with a savings plan that helps you reach your retirement goals faster.
Pension Optimization
You can make the most of your savings to build a stronger financial foundation for your retirement.
Insurance Review
You can assess your insurance needs to protect yourself and your family from unforeseen events.
Cash Flow Analysis
You can understand your income and expenses to make better choices about your retirement spending.
Home Equity Planning
You can leverage the value of your home to support your retirement lifestyle.