Retirement marks a significant life change. Careful financial planning is essential to enjoy this phase comfortably.

Key Financial Considerations for Seniors

• Income Sources: Maximize income from pensions, RRSPs, TFSAs, and government benefits (CPP, OAS).
• Expense Management: Create a retirement budget considering healthcare, housing, travel, and leisure.
• Estate Planning: Review and update wills, powers of attorney, and beneficiary designations.
• Long-Term Care: Plan for potential long-term care needs and explore insurance options.
• Tax Optimization: Utilize tax-saving strategies to maximize after-tax income.

First Foundation Support for Seniors

First Foundation offers a range of services tailored to seniors' financial needs:

• Retirement Income Planning: Develop a comprehensive plan to maximize income and minimize taxes.
• Estate Planning Services: Protect your assets and ensure a smooth transition for your beneficiaries.
• Insurance Solutions: Review your insurance coverage to address changing needs, including long-term care insurance:
• Financial Advice: Access expert guidance on managing your finances in retirement.
  

Schedule an appointment with a First Foundation CFP