Planning Stages
It’s easy to assume that financial planning can wait until later in life—but the truth is, your 20s are a powerful time to start building your financial future. Starting early gives your money more time to grow, helping you take full advantage of compound interest and long-term investment growth. A solid financial strategy now could save you thousands—and make a big difference when it’s time to retire.
With so much on your plate, thinking about long-term planning might feel like just another thing to manage. However, your late 30s and early 40s are an ideal time to review your insurance needs and overall financial strategy. Life insurance is generally more affordable at a younger age, and taking steps now can help protect your family and set a strong foundation for the future.
By your mid-life years, you've likely built up financial experience and grown your assets—but with that growth often comes added responsibility. Many Canadians in this stage find themselves supporting both their children and aging parents, placing pressure on monthly budgets and long-term plans. This stage of life is an opportunity to review your financial strategy and explore solutions that help balance your family's needs while keeping your own future on track.
As you transition into retirement, preserving your hard-earned savings becomes a top priority. While many retirees prefer to take a cautious approach, unexpected market shifts can still impact your investments. Working with a financial professional can help you build a retirement income strategy that balances growth with stability—so you can weather market fluctuations and enjoy peace of mind in your later years.