Retirees spend an average of 65%
of their annual pre-retirement income each year.

Source: Vanguard Investment Strategy Group, 2018

Plan out your retirement

Want to build your retirement plan, but don’t know where to start? Well, knowing and understanding a few retirement-related financial concepts is a great place to start.

Know your sources
of income

Knowing your sources of income and analyzing multiple possibilities is the first step to being well prepared for retirement. Here are various possible sources:

  • Public plans (Old Age Security, and the Canada Pension Plan or Quebec Pension Plan)
  • Private plans (employer-sponsored retirement plans)
  • Personal savings (e.g. RRSP)

Decide at which age
you want to retire

The age at which you retire will depend on what you want to do. Here are a few questions to start thinking about:

  • Around what age would you like to stop working?
  • What are your life projects?
  • What lifestyle would you like to have?

Calculate how much
you need to save

Since government plan benefits are fairly low, ideally you will have other sources of income to add. Experts estimate that you will need an income equivalent to around 70% of your gross salary to maintain the same standard of living in retirement.

Here are 3 factors to consider in your calculations:

  • How much you need to budget
  • Starting to save early on to maximize investments
  • How your age affects your savings

Now, are you ready to plan? The retirement calculator and your financial security advisor can help you get some clarity.

Need more information?

Visit the My Retirement site

I want to make my plan a reality

Products tailored to your needs

Segregated funds

Segregated funds are similar to mutual funds, except that they have guarantees that protect investments against market downturns. They are distributed exclusively by life insurance companies and consist of stocks, bonds or money market securities.

  • Let you benefit from market growth while providing guarantees against downturns at maturity and at death
  • Are administered by experienced managers
  • Offer asset allocation tailored to each investor type
  • Provide creditor protection, depending on your province
  • Are quickly available in the event of death, thanks to the beneficiary designation
  • Are an integral part of the IAG Savings and Retirement Plan and available through various savings vehicles (RRSP, TFSA, LIRA, RRIF, LIF or non-registered savings plan)

We offer several investment funds from which you can choose the type of investment that best suits your risk tolerance level.

To orient yourself in this vast universe, contact a financial security advisor for help determining which investment vehicles will help you reach your savings goals.

Need more information?

Visit the page on investment funds

I want to make my plan a reality
51% of Canadians have no financial plan.

Source : Ipsos poll, December 10-17, 2019

Save toward a goal

Want to complete a life project you’ve been working towards for a long time?

No matter how big or how small your goal is, you will need to take the time to get it organized and financed. The right time to invest is always now, and no amount is "too small" to get started. So… ready to plan?

Six steps to plan out your life project

1

Set your
objectives

To realize your project, you must invest time and money. Whether this includes planning the itinerary for your trip, the plans for your new kitchen or your projects in retirement, you must set objectives and take the time to plan them out.  Regardless of what type of project you have, the best way to carry it out is to begin early and work gradually toward it.

2

Determine
your timeline

Set a realistic timeline and respect it. To make it easier to save, think about making your contributions via direct debit. You can transfer money from your bank account to your savings account and decide the amount and frequency of your contributions to help you reach your objectives. Thus, your savings for your project will be a part of your monthly budget.

3

Set up
a budget

Determine how much you need to save for your project and how. But first, do you know where your money goes? To better manage your money, identify your fixed and variable expenses and set up a budget. Reduce non-essential expenses and put that money aside. Did you receive a bonus at work? A gift from your family? A significant tax refund? Consider depositing this money into your savings to help you achieve your objectives even faster. No matter your project, it is important to save on a regular basis and to make sure you have control over your finances.

4

Grow
your money

Are you structured and have put in place a savings strategy in order to realize your project, but are asking yourself what more you can do to grow your money? There are many products and investment services available. But how do you choose the right one? A financial security advisor can suggest the best solutions to help you achieve your savings objectives based on your needs and investor profile.

5

Take stock of your
situation and take action

If your situation has changed or you do not anticipate achieving the objectives you have set, it is time to adjust your savings plan and timeline. If you have saved the money you need for your project while respecting your initial objectives, you can move on with your project.

6

Realize
your project!

This is it, the moment you have been waiting for! Everything is in place. You can now take that trip…get married…renovate your kitchen…or retire. Go for it!

Need more information?

Visit the Saving for a project page

I want to make my plan a reality
1 in 3 people will develop some form of cancer during their lifetime.

Source: Canadian Cancer Society

Having financial assistance in the event of a serious illness lets you focus on your recovery, without worrying about your financial obligations or goals.

Ready to plan?

Insuring against the unexpected

Losing your income because of an illness can be very stressful and can make it harder to meet your financial obligations. As there’s no way to know whether illness will strike, why not purchase critical illness insurance today? This will give you peace of mind so you can focus on getting better if you ever fall sick.

Benefits of critical illness and disability insurance

  • Provide financial assistance following the diagnosis of a critical illness
  • Let you meet your financial obligations during your recovery without having to dip into your personal savings
  • Can help cover costs related to your critical illness or disability

At iA Financial Group, we have the right insurance for your situation.

Critical illness
insurance

  • flexible
  • comprehensive
  • reassuring

Provides you with financial assistance that can be used as you see fit, so you can focus on your recovery.

Visit the Critical Illness Insurance page

Disability and income insurance

  • superior
  • reassuring
  • customized

Provides you with monthly income to compensate for the loss of a disability, so you can meet your financial obligations and cover the expenses related to your health condition.

Visit the Disability and Income Insurance page
51% of Canadians do not have a will.

Source: Poll by the Angus Reid Institute

Estate planning: do you know your parents’ wishes?

Most parents who have spoken about their estate planning with their adult children say that they have greater peace of mind. They know that good estate planning will help their loved ones avoid a lot of headaches once they are gone. As well, there are other advantages for them during their lifetime, such as growing their assets so their heirs can reap the benefits later. Ready to plan?

When to bring it up?

If your elderly parents have never discussed their estate planning with you, you should take the initiative and raise it with them, even if it’s a sensitive topic. Speaking about estate planning with your parents might seem inappropriate to you, but consider that having this discussion could avoid future conflict and alleviate the concerns of your parents and the whole family.

Here are some tips to make the discussion go smoothly and reduce financial stress at the death of one’s parents.

Tips and tricks to having an effective conversation

Lay the groundwork

  • Think ahead of time about the important questions you would like to ask them to have peace of mind.
  • Choose the right time and place.
  • Include your immediate family (siblings) whenever possible.
  • Don’t wait until one of your parents is sick.

Be transparent, make your intentions clear

  • Clearly express what you hope to achieve.
  • Lead by example and show steps you have taken with your financial security advisor for your own estate planning.
  • Steer the conversation towards your parents expressing their wishes.
  • Address key points, such as the importance of protecting the surviving spouse, dependants or vulnerable persons.

Involve your financial security advisor

  • For their expertise: your financial security advisor will sort through the varied information your parents are dealing with and can help clear up certain perceptions.
  • For their informed, objective support: your financial security advisor could help engage in a dialogue with your parents and perhaps resolve some of the tensions that are present even in the best of families!
  • For peace of mind for you and your parents: your financial security advisor will help your loved ones make the best choices based on your family situation and your goals.

Need help or advice?

Don’t hesitate to reach out to a financial security advisor or notary to help your family get some clarity. They can review your parents’ estate planning, wealth protection and life insurance needs.

Prestige preferential pricing

You work hard saving and growing your investments. However, several factors can affect how much your investments grow, including:

  • Market volatility
  • Asset allocation
  • The financial advice received at each stage of life
  • The management fees associated with your investment choices

Recognizing that you are a disciplined saver, iA Financial Group offers you Prestige preferential pricing that can be shared with your extended family!

Pool your assets with those of your family members who reside at the same address as you and enjoy a significant reduction in fees.

Share this benefit with other members of your extended family, whatever their asset level and place of residence.

Sharing access to Prestige preferential pricing with your family is a great way for your loved ones to save, and also have access to:

  • A trusted company with over 125 years of experience
  • A wide range of savings products tailored to your individual and family needs
  • Personalized support with sound advice

Ready to plan?

Share the fruits of your good planning with your family. Your financial planning advisor can show you how to reach the $300,000 eligibility threshold more easily. Contact your advisor today… your family will thank you!

I want to make my plan a reality

Don’t know where to start?

The iA Financial Compass is a quick and easy tool that will propose products, tools and advice based on your situation and your needs.

Wondering what a financial security advisor can do for you?

An advisor will help you make the best choices based on your reality and your investment and insurance needs. Don’t wait!