本文发表在 rolia.net 枫下论坛Have you ever wondered what your future looks like? I am not talking about your bonus, your promotion or other fabulous things; I am talking about your retirement. Do you still need to work as an old man?
Let’s see what income you can expect after your retirement. There are four sources of income for most Canadians after retirement:
a) work-related pension plan
There are mainly two types of pension plans: Defined-Benefit plan and Defined contribution plan. Defined-Benefit plan is the Cadillac option for employees as the employer “guarantees” a fixed pension payment to the employees for their life. Most people in public sector have very good “defined-benefit” pension plan along with other benefits which ensure a pretty comfortable retirement. If you do not have a defined benefit plan, you might be part of the increasingly common “defined contribution” plan. There are many different plans but a typical arrangement might be that the employee contributes 5% of their salary to the plan and the employer matches that with another 5% -- so a total 10% gets deposited into the plan. The money is invested similarly as how money is invested in an RRSP.. If the investments perform well over time, you will end up having a comfortable retirement; otherwise you will require other sources of income to supplement your retirement.
(To Be Continued)更多精彩文章及讨论，请光临枫下论坛 rolia.net
Let’s see what income you can expect after your retirement. There are four sources of income for most Canadians after retirement:
a) work-related pension plan
There are mainly two types of pension plans: Defined-Benefit plan and Defined contribution plan. Defined-Benefit plan is the Cadillac option for employees as the employer “guarantees” a fixed pension payment to the employees for their life. Most people in public sector have very good “defined-benefit” pension plan along with other benefits which ensure a pretty comfortable retirement. If you do not have a defined benefit plan, you might be part of the increasingly common “defined contribution” plan. There are many different plans but a typical arrangement might be that the employee contributes 5% of their salary to the plan and the employer matches that with another 5% -- so a total 10% gets deposited into the plan. The money is invested similarly as how money is invested in an RRSP.. If the investments perform well over time, you will end up having a comfortable retirement; otherwise you will require other sources of income to supplement your retirement.
(To Be Continued)更多精彩文章及讨论，请光临枫下论坛 rolia.net