45 - 65 years old

This is a beautiful period when we are normally still in shape, active and our financial life allows us a beautiful stability and quality of life.

Really ?

It is also the period when:

Separations, divorces, new relationships, buying a new home can make a big difference to your financial stability and retirement plans

Unplanned retirements can lead to unhappy mornings

Layoffs and /or illness or death affecting your spouse…

“In the 45-65 age group, 44% of deaths are attributable to cancer, followed by 16% for heart disease”*

What happens if you are unable to make your payments ?

Will your employment status allow you to be off work indefinitely, up to age 65 ?

Will your nest egg be enough to cover unexpected expenses ?

Will you be forced to dispose of your assets if you become seriously ill or disabled for a long period of time ?

Will you have the financial means to redirect your career, or will you have to sell your business ?

Does your employer offer only basic coverage ?-il d'une assurance collective ?

Does your spouse have group insurance ?

Will you have to dip into your RRSPs to cover unexpected expenses ?

In the event of your premature death, what quality of life and financial stability will your spouse have ?

Will your death compromise your spouse’s retirement ?

Is your spouse’s financial health your top priority after your death ?

‘’ Overall, the agency said credit market debt totaled 2334.4 billion at the end of the quarter, including 1532.3 billion in mortgage debt and 802.1 billion in consumer credit and non-mortgage loans.
The household debt service ratio, which is the total of mandatory principal and interest payments on debt as a proportion of household disposable income, narrowed to 14.67 percent from 14.81 percent.
Household credit market debt as a share of disposable income rose from 175.6 percent to 176.9 percent, the federal agency said Friday. In other words, there was $1.77 of credit market debt for every $1 of disposable household income “ **

Financial health designed for you ?

Let us help you

Here are some things your advisor Diane Alarie can help you think about:

Reducing our taxes, it is still advantageous to contribute to your retirement savings plan (RRSP). Your tax rate will be lower at retirement.

Life Insurance

Debts Insurance

Critical illness Insurance

Disability Insurance

Health care Insurance

Patrimony

Mortgage loans

Spouse’s income

Loan management

Disability

Inheritance

Fees upon death

Frais au décès

Read more

age group +65 years

Source
* Statistiques Canada 2019
** : https://www.lapresse.ca/affaires/finances-personnelles/2020-06-12/hausse-de-l-endettement-des-menages-au-pays

45 - 65 years old

This is a beautiful period when we are normally still in shape, active and our financial life allows us a beautiful stability and quality of life.

Really ?

It is also the period when:

“In the 45-65 age group, 44% of deaths are attributable to cancer, followed by 16% for heart disease”*

Financial health designed for you ?

Here are some things your advisor Diane Alarie can help you think about:

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Do you have a question?

Besoin d'informations?

514.576.8725

diane@servicesfinanciersalarie.com