MONDAY, MARCH 23, 2015
 Over the years, I have had the pleasure of helping people both plan for their retirement as well as enter their non working years by incorporating our designed plan. It's often said that the only constant in this world is change. Not only have we seen a tremendous amount of change in the markets recently, but over the longer term we've also seen changes in retirement patterns.
Years ago, Canadians retired at age 65 with a life expectancy of approximately 75. Today, many people retire earlier and live much longer – meaning we have fewer working years during which to save for a longer retirement.
If you're concerned about your retirement plans during these changing times, I can help you ensure you are on track for achieving your long-term goals and dreams. Together, we can:
- Reaffirm your investment risk – How do you feel about investing right now? Perhaps your experience with the volatile market conditions of the last few years may have changed the way you feel. What balance between risk and reward are you prepared to take with your investments? By using our scientifically proven process that strategically designs an asset mix and selects the right combination of funds for you, we can reaffirm your tolerance for risk and verify your overall portfolio is correctly aligned with your needs.
- Realign your performance expectations – We can't bank on a 1990s-type market rally again. We've learned that the performance expectations generated in the late 1990s are unsustainable. Now is a perfect time to review your plans because double-digit returns may be a thing of the past. However, that doesn't mean you can't meet your retirement and investment goals. We can review your current plan to ensure the performance assumptions are attainable.
- Rebalance – Ensure your current financial security plan places your money in the right combination of investments. Depending on your tolerance for risk and your comfort with today's market, you may need to change some of your investments within your portfolio to become more aggressive (equities) or more conservative (fixed income products). You may also need to rebalance your portfolio to maintain the right mix of funds if some investments are outperforming others.
- Reinvest in your plan – Human emotion and behavioural responses to poor stock market conditions mean fewer individuals want to invest. This is because they're waiting for the market to bounce back - but ultimately they're missing out on the "buy low" portion of the age old advice to "buy low and sell high." Why is the stock market the only market where people rush out of the "store" when prices go on sale? Today, many of the same companies everyone loved at much higher prices just three years ago are on sale at discounts of 10-80 per cent. Does it make sense to invest when the prices are higher? Now is not the time to wait to invest!
I encourage you to take the time and call me today. I will provide you with a no obligation consultation to see where you are at and ensure that you are on track to retire when and how you deserve to. With the right approach I will do all I can do get you and your family where you want to be.
-Russ MacDonald, Heritage Insurance Ltd, (306) 631-9738
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Along with retirement preparation, it's important to think about life insurance. Call Heritage Insurance at (306) 693-7640 for more information on Moose Jaw life insurance.
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