Financiere Banque NationaleCathy Duval - Conseillere en placement
 
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How do your expenses compare to the national index?


If you have kids in private school, a mortgage on the cottage and a car loan that you would like to see reimbursed quickly, you might find it difficult to save extra money for retirement or your other future needs.

Unless you inherit a large sum of money or otherwise sell your lucrative business, statistics show that we need to save at least 10% of our gross salary every year if we wish to maintain the same financial comfort at retirement than we had previously.

Of course, a proper retirement plan will allow you to take into account your personal situation and specific needs, and to determine what your "Golden Years" might be like.

Every year, the government publishes an index of the average revenues and expenses of Canadians. You can download a copy below, pick the tab that is more in line with your current situation, enter your personal information and then compare your numbers with those of the average citizen.

This should be a useful exercise in order to determine if there are ways for you to increase your savings…or maybe, you should spend more!

Please do not hesitate to contact me if you would like to get a retirement plan done according to your specific needs, at your earliest convenience.

Click here to download the expense national index

 

 

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How do your expenses compare to the national index?

If you have kids in private school, a mortgage on the cottage and a car loan that you would like to see reimbursed quickly, you might find it difficult to save extra money for retirement or your other future needs.
Read more...
 
 
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Disclaimer

The content of this site addresses itself only to the residents of the provinces of Quebec and Ontario. National Bank Financial is an indirect wholly-owned subsidiary of National Bank of Canada. National Bank of Canada is a public company listed on the Toronto Stock Exchange (NA:TSX) The information contained herein was prepared by Cathy Duval, Investment Advisor of National Bank Financial. The opinions expressed herein do not necessarily reflect those of National Bank Financial and are based upon our analysis and interpretation of these particulars and are not to be construed as a solicitation or offer to buy or sell the securities mentioned herein. The particulars contained herein come from sources believed to be reliable but are not guaranteed by us and may be incomplete. National Bank Financial may act as financial advisor, fiscal agent or underwriter for certain companies mentioned herein and may receive remuneration for its services. National Bank Financial and/or its officers, directors, representatives or associates may have a position in the securities mentioned herein and may make purchases and/or sales of these securities from time to time in the open market or otherwise. The securities mentioned in this document are not necessarily suitable to all types of investors.  Please consult your investment advisor.