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How do you know if your current RSP savings and future contribution amounts will be enough to fund your desired retirement lifestyle? In just a few easy steps, you can get the answers.
The Scotia RRSP Reality Check™ is an interactive tool that will let you quickly (takes approx. 5 minutes) determine how much you need to save in your RSP to achieve your retirement goals. Since it focuses on your RSP savings, some assumptions are made about the income you will receive from government, company pension and other sources.
The Scotia Retirement Savings Reality Check™ provides a more comprehensive analysis (takes approx. 15 minutes) of your retirement savings needs by allowing you to enter details about pension plans, non-registered savings details and other sources of income. It also allows you to explore several "what-if" scenarios and strategies.
Both Reality Checks provide personalized reports which:
- Summarize your current RSP or retirement savings in relation to your retirement goals.
- Project whether or not you're on track to meet your retirement goals.
- Illustrate a number of different investment options to help you determine the best way to make up any shortfall in your current savings.
- Provide all the facts you need to develop an immediate plan of action that will help you build a secure financial future.
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