Retirement Planning for Single Adults in British Columbia
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 British Columbia: To revoke a paper will, make a later valid will, make a valid written revocation declaration, or intentionally burn, tear, or destroy all or part of the will yourself or through someone acting in your presence and at your direction. Electronic wills have additional deletion rules. A revoked will is revived only by a will showing an intention to revive it, or by a court order under section 58. Source: Wills, Estates and Succession Act, SBC 2009, c 13, ss. 55, 55.1, 57, 58.
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 British Columbia?
To revoke a paper will, make a later valid will, make a valid written revocation declaration, or intentionally burn, tear, or destroy all or part of the will yourself or through someone acting in your presence and at your direction. Electronic wills have additional deletion rules. A revoked will is revived only by a will showing an intention to revive it, or by a court order under section 58. Source: Wills, Estates and Succession Act, SBC 2009, c 13, ss. 55, 55.1, 57, 58.
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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