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Income and Yield


Creating your Retirement PaychequeT

During your career, you get used to receiving a single regular "paycheque" from your employer or business. When you retire, however, you could start receiving multiple payments from any number of income sources including your employer's pension plan, the Canada Pension Plan, Old Age Security, Registered Retirement Income Fund (RRIF) income, dividend payments and more. These multiple payment amounts, arriving at various times can make managing your finances confusing. We can work with you to smooth out the confusion by putting a plan together to help you manage your retirement income stream. Let us put this simple process in place so that your income sources can be consolidated into a single and simple monthly paycheque, just like you had before you retired.

Creating your desired retirement lifestyle
Like the majority of Canadians, you have planned around regular paycheques during your working years and would prefer the same structure to help you manage your finances in retirement. A qualified Investors Group Consultant has the skills and tools to assess your complete financial picture and design a comprehensive plan specifically customized to fit your cash flow needs both today and into your retirement. Of course, a key component of this plan is to ensure your income sources provide you with the cash flow you desire to live the day to day lifestyle you want, but it doesn't stop there. Our simple cash management solutions take your needs into account throughout each stage of your retirement. Through the implementation of a Retirement PaychequeT strategy, we can also help to maximize potential growth and provide you with the financial security you want.

How it works.
We'll work with you to make sure that all sources of your retirement income are consolidated into a single interest bearing savings account where you don't have to worry about "how much" or "when" income will be deposited. These deposits could include income sources from an employer, dividends and income distributions from investments or Canada Pension Plan, Old Age Security, retirement annuities, RRIF income or one of many other sources. Then, based on our thorough cash flow analysis, we'll ensure the right amount of money is deposited on the right date into your Solutions BankingT Merit (Chequing) Account so that it is available for you to manage your monthly expenses. This amount can easily be adjusted as you move through different stages in your retirement and you will have the comfort of knowing the amount of, and when, your cash inflow will be transferred into your chequing account.

The benefits.
In addition to the convenience of monitoring a consolidated source of retirement income, your money earns interest in the short term and can also help to build a hedge against the effects of future inflation. Considering that only the amount you need to cover monthly commitments is moved into your chequing account, any surplus is then available to contribute to your well-balanced investment portfolio. Staying ahead of future inflation is critical and it's important that you take steps now to protect your financial health both today and in the future.

This report specifically written and published by Investors Group Financial Services Inc. and Investors Group Securities Inc. is presented as a general source of information only, and is not intended as a solicitation to buy or sell specific investments, nor is it intended to provide legal advice. Prospective investors should review the annual report, simplified prospectus, and annual information form of any fund carefully before making an investment decision. Clients should discuss their situation with their Consultant for advice based on their specific circumstances. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Banking products and services are distributed through Solutions BankingTM Solutions Banking products and services are provided by National Bank of Canada.

TMSolutions Banking is a trademark of Power Financial Corporation. Investors Group and design are trademarks owned by IGM Financial Inc. and licensed to its subsidiary corporations. National Bank of Canada is a licensed user of these trademarks. TTrademark owned by IGM Financial Inc. and licensed to its subsidiary corporations.

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