Planning for retirement is more than a financial decision
It’s based on what you want out of life and how you want to spend your time. One thing that eases this significant transition is having a plan in place well before you expect to retire.
- Personalized
Crafting retirement solutions unique to your individual goals and aspirations.
- Expertise-Driven
Skilfully navigating the intricacies of your retirement with expert guidance.
- Comprehensive
Offering a holistic approach that addresses all aspects of your financial journey.
Your personal retirement journey
When to start retirement planning
For many Canadians, retirement is a time to look forward to – a time to enjoy the benefits of your life’s work and spend time doing what you love. For some, it is also a period of uncertainty – one of life’s most significant transition points.
We can help you create a plan that considers your ideal vision of retirement and the lifestyle you want to enjoy in the years leading up to it. We will plan for your goals, expected changes that typically occur throughout retirement, as well as the potential for unforeseen events.
How to start preparing for retirement
A key part of creating your retirement plan is managing your finances. You’ll see how retirement fits in with your other goals, including transitioning your business or reducing the number of hours you work. You’ll be able to see when it is feasible for you to retire in the way that you want.
Consider your cross-border needs
Many retired Canadians spend the winter months in a warmer location, often in the U.S. BMO has financial products to meet your cross-border needs.
Your BMO Private Wealth professional can advise how you can meet your financial needs on both sides of the border.
Start the conversation
Answer a few questions about your wealth planning needs, and one of our BMO Private Wealth professionals will reach out.
Things to consider
In addition to deciding when to retire, there are other things to think about before you retire.
- How much money will I need each year?
- Will I move or buy a vacation property?
- How do I want to spend my extra time – travel, philanthropic work?
- How can I keep growing my retirement investments?
You can work with your BMO Private Wealth professional on your personalized plan.
Commonly asked questions
Start the conversation
Connect with a BMO Private Wealth professional about your needs.