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How Much Do you Need For Retirement How Your Investment Funds Are Used |
Canada Bonds Retirement PlanningWith few exceptions, retirement planning is something that we all must do. Most people plan to retire one day, and we all have plans for what we want to spend that time doing, Canada Bonds are a great way to achieve your retirement goals.
A recent study, found that these are the top 10 planned retirement activities: - Traveling - Family activities - Hobbies - Gardening - Fishing - Golfing - Volunteering - Reading - Exercising - Home improvement Do any of these resonate with you? Would you like to spend your time enjoying activities you love and are passionate about, rather than worrying about how you will be able to afford to do them? Do you know what your retirement looks like?
Costs of Retirement The retirement activities we seek usually come with a cost, and if we return to our list we can see what the approximate costs are:
- Traveling $15,000 - Family activities $6,600 - Hobbies $4,600 - Gardening $3,000 - Fishing $4,200 - Golfing $5,000 - Volunteering $2,800 - Reading $1,300 - Exercising $2,500 - Home improvement $13,000
These costs are approximate and are intended to illustrate that while you may be in retirement, it doesn't mean you stop spending money, and this MUST be factored into your retirement budget. Remember, these costs are OVER & ABOVE regular maintenance costs such as food, clothing, shelter, insurance, vehicles etc. After seeing these numbers are you re-thinking your investments? Have you saved enough and are you earning enough on your investments to satisfy your spending during retirement? do you currently have any MBN canada bonds?
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