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How To Fund Life’s Enjoyments Throughout Retirement

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How To Fund Life’s Enjoyments Throughout Retirement

From exotic vacations to golf club memberships, everyone’s vision of retirement is different. One thing in common for retirees and those approaching their golden years is the importance of confirming your goals and creating a financial plan to help you reach them.

According to a recent TD survey, nine in 10 (92 per cent) Canadian boomer respondents said that it’s important for them to take time for life’s enjoyments. Lee Bennett, senior vice president, TD Wealth Financial Planning, says goal-based planning can help fund these enjoyments throughout the retirement years.

Bennett offers the following advice:

Establish Your Goals

The first step to building a realistic and fulfilling retirement plan is to identify and set goals. Whether your goal is short-term or long-term, identifying milestone targets, such as saving a certain amount of money each month, will help make any goal more attainable.

The Road to Success

Meeting with a financial planner can ensure you get on the right track to achieve your goals, whether you’re already retired or still a few years away. A planner will work with you to help create a roadmap that is personalized to how you’d like to spend your retirement.

Don’t Set It and Forget It

After building a plan and committing to stick with it, it’s important to review progress on a regular basis and make adjustments along the way.

Bennett encourages boomers to make investing in enjoyment a top priority. “From clearly outlining your goals, to staying on track with the help of a financial planner, there are many ways to fund activities you love throughout your retirement years.”


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