Planning for retirement is a crucial step for all of us in Orangeville. With a population of over 34,000, our town is growing, and so are the needs of those of us over 50 who are thinking about the future. The median income here is $46,000 and our community thrives with local businesses and manufacturing plants, being in close proximity to the Greater Toronto Area.
Studies have shown that 57% of pre-retirees are concerned about running out of money during retirement, and 34% do not have any investment products. Unexpected expenses, especially related to health care, can significantly impact our finances. Almost half of retirees experienced an unexpected event that affected their financial stability, with long-term disability being the most common.
Working with a retirement advisor can help us navigate these challenges. They can assist in creating a personalized financial plan, taking into account our unique circumstances in Orangeville. Understanding how to make the most of benefits from government programs like the Canada Pension Plan (CPP) and Old Age Security (OAS) is essential. Many of us may not be aware that 54% of retirees rely on CPP as a main source of income, but planning can help us diversify our income sources.
Inflation and rising costs of living are significant concerns. With 62% of pre-retirees worried about sustained high inflation rates, having a strategy to protect our savings is very important. A retirement advisor can provide guidance on investment options that can help our savings grow and keep pace with inflation.
Planning for potential health issues is also essential. Many Canadians are not preparing for the possibility of physical or cognitive decline, with 60% of retirees not having appointed a power of attorney for property. A retirement advisor can help us consider these aspects to ensure we’re fully prepared.
Living in Orangeville offers many benefits, from our close-knit community to the conveniences of nearby big-box stores and local amenities. By taking steps now to secure our financial future, we can continue to enjoy everything our town has to offer during our retirement years.
If you’re over 50 and thinking about retirement, consider speaking with a retirement advisor. Together, we can work toward a secure and comfortable future.
How Aleph Retirement Planners Helps
Are you over 50 and living in Orangeville, concerned about your retirement? You’re not alone. Many in our community face unexpected expenses, rising inflation, and uncertainties about health care costs.
Perhaps you’re worried about running out of money during retirement or not having a solid financial plan. Maybe unexpected events like health issues or early retirement have crossed your mind.
We understand these concerns and are here to help. At Aleph Retirement Planners, we offer services like retirement income planning, investment management, and health and long-term care planning to guide you through these challenges.
Our team can assist with creating a personalized financial plan, optimizing your pension, reviewing your insurance needs, and managing debt. We aim to help you secure your financial future so you can enjoy your retirement without worry.
Let us help you navigate these uncertainties and ensure you have the peace of mind you deserve.
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
Make the most of your investments to help secure your financial future during retirement.
Tax Income Strategies
Reduce your tax burden so you can keep more of your hard-earned money in retirement.
Health & Long-Term Care Planning
Prepare for health care expenses so unexpected costs don't disrupt your retirement plans.
Estate Planning
Protect your assets and ensure your loved ones are taken care of according to your wishes.
Debt Management
Get help reducing your debt so you can enjoy a more comfortable retirement.
Savings Strategies
Build up your nest egg with a savings plan that helps you reach your retirement goals faster.
Pension Optimization
Learn how to save effectively to build a nest egg that supports your retirement goals.
Insurance Review
Make sure your insurance coverage meets your needs as you enter retirement.
Cash Flow Analysis
Understand your income and expenses to maintain a balanced budget during retirement.
Home Equity Planning
Explore ways to use your home's value to enhance your retirement finances.