Retirement Planning for Seniors in Ontario
Planning tools for the money side of retirement, written with people over 60 in mind — kept in the same Vault as your will.
What people over 60 should know
- In or near retirement, the question changes from how much to save to how long it lasts.
- The retirement projection shows your balance at retirement and the age your money lasts to.
- Compare a conservative, moderate and aggressive outlook side by side.
- Check your life, disability, home, auto and umbrella cover for gaps.
- How an old will stops counting in Ontario: You may revoke a will or part of a will only by making a new valid will, making a valid written revocation, or intentionally burning, tearing, or otherwise destroying it yourself or having someone do so in your presence and at your direction. A revoked will is revived only by a valid will, a valid codicil showing intent to revive, or re-execution with required formalities. Source: Succession Law Reform Act, R.S.O. 1990, c. S.26, ss. 15, 17(1), 19, 21, 21.1(1).
Frequently asked questions
Why does retirement planning matter for people over 60?
In or near retirement, the question changes from how much to save to how long it lasts.
How does an old will stop counting in Ontario?
You may revoke a will or part of a will only by making a new valid will, making a valid written revocation, or intentionally burning, tearing, or otherwise destroying it yourself or having someone do so in your presence and at your direction. A revoked will is revived only by a valid will, a valid codicil showing intent to revive, or re-execution with required formalities. Source: Succession Law Reform Act, R.S.O. 1990, c. S.26, ss. 15, 17(1), 19, 21, 21.1(1).
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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