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Five million Canadians will turn 65 this decade. Traditionally, this is an age when many retire, however traditional ideas of retirement are changing. In today’s reality, people are living longer, which means having to stretch their savings further.
I encourage you to bookmark this page for future decumulation innovations, resources, and insights. And I look forward to partnering with you to meet the decumulation challenge.
Sincerely,
Eric Monteiro
Take a giant puzzle, spread the pieces across your kitchen table, and try to put it together without looking at the image on the box. That’s how some people feel about retirement income planning. They don’t know how everything fits and they can’t see the big picture.
Eligible Canadians will receive more financial assistance this summer from their Old Age Security (OAS). Starting in July, people aged 75-plus will receive a 10% increase to their monthly OAS payment.
Many workplace plan members can choose from several buckets of retirement income. They need a comprehensive plan to create a reliable paycheque when it’s time to decumulate.
Financial security is a key pillar of Sun Life’s sustainability strategy. By providing Clients with innovative products and services, we’re helping secure their—and their family’s—financial future.
Our Group Retirement Services decumulation strategy focuses on:
