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In the recent market downturn, retirees who had allocated all their assets to equities witnessed a nearly 35% shrinkage in their nest egg within a 12-month period. This nightmare scenario became a harsh reality for many diligent individuals.

The importance of proper asset allocation cannot be overstated, especially for retirees aiming for a successful long-term financial strategy. A retired individual having 100% of their assets in equities at any time is generally considered unwise.


Determining the optimal allocation involves a personalized examination of each person's risk tolerance and investment objectives.

In retirement, meeting income needs becomes paramount. Can you generate sufficient income without depleting your principal? What is the most prudent way to generate income without taking undue risks?

A financial advisor is instrumental in helping you assess the suitable level of risk. Even the most skilled captains rely on a complete crew to navigate the ship. Your financial adviser is akin to a steady hand at the helm, ensuring you maintain a safe course and keeping a vigilant eye on the horizon for potential obstacles.

Your major financial obligations may include

  • Converting RRSP assets into retirement income
  • A retirement property
  • Increased travel and leisure expenses
  • Increased health care costs (including medical insurance)

Your financial priorities may include

  • Reducing the risk level of your investment portfolio
  • Budgeting to preserve retirement income
  • Tax planning
  • Estate planning and reviewing your will
  • Arranging a reverse mortgage on your home to generate income
  • Special circumstances

There are a number of events that can take place at any time during your life that may also cause you to rethink your financial strategy. These include

  • Marriage 
  • Divorce
  • Birth of children
  • Death of a spouse
  • A new job or career
  • Job loss
  • Relocation 
  • Major illness
  • Major changes in taxation rules
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