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Your retirement objective
What income would you like to supplement, and how much can you set aside without neglecting your current needs?
SR Financial - Retirement Savings
Pension Plans
A retirement plan allows you to start saving to supplement your income when you retire. The money is invested during that time, and its performance depends on the plan you choose. We’ll help you understand the available options and assess how they fit with the rest of your savings.
Key Considerations
Information prior to decision-making
The starting point is how much time you have ahead of you and how much you want to save.
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Investment and costs
Some plans invest in bonds, stocks, or a combination of both. This mix affects how your savings may grow and the level of risk involved.
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Contributions and Access to Savings
How to make contributions, switch plans, and withdraw your savings once the conditions for withdrawal are met.
Choosing How to Plan for Retirement
In addition to pension plans, there are other ways to save for this stage of life, such as savings insurance. Each option has its own terms and conditions for making contributions and withdrawing funds. We can explain the differences between them so you can determine which one best suits your needs.For more information: Finance for Everyone - How a Pension Plan Works.
Related information
Also review insured savings and the differences between investment services.
Before reaching out
Frequently Asked Questions
Can I access my savings before I retire?
The plan is designed for the long term. To withdraw funds before retirement, you must meet the conditions set forth in the regulations. Before you sign up, we’ll explain the situations in which you might be able to access the money.
How does taxation affect my decision?
It is important to consider both the contributions and the timing of when you withdraw your savings. We will explain the appropriate procedures based on your place of residence and your circumstances, in accordance with current regulations.
How do I choose a retirement plan?
It's important to consider how many years remain until you'll need your savings, your ability to contribute, and the amount of risk you're willing to take. We'll explain where each plan invests and how much it costs so you can compare them.
Would you like to speak with an advisor?
Tell us how you'd like to plan for retirement and how much you've saved so far.