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  4. Save for retirement

Save for retirement

Whatever your vision for this new stage of your life, let's create a plan together

Hints and tips

  • Open a Registered Retirement Savings Plan (RRSP). These investment options are designed to help you save for your retirement with interest benefits that help you see your money grow. Best of all, contributions to an RRSP are deductible on your annual income tax claims, saving you more year-over-year before your retirement.
  • Even if your employer pays into a private retirement or pension fund, doubling up your retirement savings with an RRSP helps you maximize your retirement savings potential.
  • There are many ways that a RRSP can help you save more when it comes to income tax season. Talk with your financial advisor at CWB to learn how an RRSP can help you save for retirement and save a little more on your income taxes.
  • Set up an monthly automatic deposit for your RRSP and build your contributions into your monthly budget. This way, you can make sure you’re covering your monthly expenses while staying on top of your retirement plans.