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Enjoy today and retire your way with an integrated financial plan

Hey there, time traveller!
This article was published 28/02/2025 (247 days ago), so information in it may no longer be current.

We are living in challenging times. Or to be more precise, financially challenging times.

Over the last few years in particular, Canadians have been grappling with debt, high mortgage rates, and rising prices on everything from groceries to gas.  While we’ve seen some relief recently, many of us are still struggling.

As a result, saving for retirement may have become more challenging.  In fact, according to a recent IG Wealth Management (IG) study, 80 per cent of respondents said that the rising cost of living is making it difficult for them to put money away for retirement.  More generally, more than half reported that they’ve put off saving for retirement due to “financial pressures”.

Despite this, 38 per cent said they hoped to prioritize travel in retirement, while 17 per cent envision working part-time or consulting. One-third plan to focus on hobbies and interests.

All that said, the reality is that non-retired Canadians are allocating only 12 per cent of their income for retirement savings while spending 67 per cent on basic living expenses and 20 per cent on leisure activities.

To achieve the retirement you want, you need a comprehensive financial plan that balances funding (and enjoying) life today while, at the same time, preparing (and saving) for the future.

That’s where an IG financial advisor comes in.

“No two retirements are alike. With help from a financial advisor, Canadians can build a personalized financial plan with a retirement component that’s tailored to their unique needs to help manage today’s financial pressures with their desired retirement lifestyle,” said Christine Van Cauwenberghe, Head of Financial Planning at IG Wealth Management.

While retirement planning can seem daunting, an expert can help simplify the process and help you build realistic, achievable goals. Working in collaboration with you, an advisor can create a comprehensive plan to help you achieve the retirement you want while maintaining your current lifestyle.

To discuss your retirement planning needs, contact an IG Wealth Management financial advisor at https://www.ig.ca/en/how-we-help/retirement-planning