Responsible For Your Own Retirement Income? Consider an Income Reality Cheque

At the Delfino Group, we help investors who are responsible for their own pension plan transition to retirement successfully. My clients do not rely on a company pension plan alone to provide for their entire retirement income. This is why I have developed a review process to help investors look at their portfolio in terms of what retirement income they can expect over their lifetime. I call it the Income Reality Cheque Conversation™, and it looks at your ability to grow your income into retirement, protecting your purchasing power even after you stop working.

Very few people take the time to think about their income in terms of how long they are going to live. For example, a 62 year old couple has a 1 in 2 chance of living into their 90's. This couple needs to think about making sure their income sources have the ability to grow with inflation for the next 30 years, which is a difficult concept to contemplate while we are experiencing such a volatile investment reality. Most investors do not think about the fact that in 30 years their purchasing power will decline by a very significant amount. If our 62 year old couple has a total retirement income of $100,000 today, they will have to grow their income to over $240,000 at 90 years old to keep up with 3% inflation.

In order to combat this erosion, I advise clients to make sure that they manage their money like a pension plan. We help them design a long term job description for their portfolio, ensuring they can draw out their required income now, but are still able to grow their income well into the future.

If you would like to receive more information on our Income Reality Cheque Conversation™, please call Erin at 613-271-6610 or visit our website at www.thedelfinogroup.com