Retirement Planning for Single Adults in Alberta
Planning tools for the money side of retirement, written with single adults without children in mind — kept in the same Vault as your will.
What single adults without children should know
- On a single income there is no second earner to fall back on — the plan has to stand on its own.
- Plan cash flow against what you actually spend.
- Set goals with a target date — an emergency fund is the usual first.
- Track the recurring charges that quietly add up.
- How an old will stops counting in Alberta: You can revoke a will only by making a later will, making a valid written revocation using will formalities, destroying the will with the intention to revoke it, or having someone destroy it in your presence and at your direction with that intention. Revocation does not revive an earlier will; revival requires a new will or re-execution showing intent to revive. Source: Wills and Succession Act, SA 2010, c W-12.2, ss 23, 24, 37.
Frequently asked questions
Why does retirement planning matter for single adults without children?
On a single income there is no second earner to fall back on — the plan has to stand on its own.
How does an old will stop counting in Alberta?
You can revoke a will only by making a later will, making a valid written revocation using will formalities, destroying the will with the intention to revoke it, or having someone destroy it in your presence and at your direction with that intention. Revocation does not revive an earlier will; revival requires a new will or re-execution showing intent to revive. Source: Wills and Succession Act, SA 2010, c W-12.2, ss 23, 24, 37.
Is this financial advice?
No. The tools do arithmetic on the figures you enter. They are estimates for your own planning, not financial advice.
What do the retirement planning tools cost?
It is included in your Vault. Your will is free.
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