When you picture your retirement, what do you see?

Your dreams could be big or small, but the important thing is that they’re personal and important to you. Remember, it’s not what you’ve got; it’s what you do with it. By putting away a small amount every month, your savings will grow over time. It may seem small now, but even saving $50 a month could make a difference for your future.

One of the most common places to put your money is a Registered Retirement Savings Plan (RRSP). RRSPs are government-approved, your contributions are tax deductible, and your earnings are tax sheltered (subject to limits). Anyone with earned income* up to the end of the year when they turn 71 years of age, can contribute to an RRSP.

But RRSPs aren’t the only retirement savings options available. We also offer Tax Free Savings Accounts (TFSA), Investment Saving Accounts (ISA), mutual funds, and term deposits. These products are a great way to help you earn interest while you save. (We also have RRSP Loan and Line of Credit options, which can help you borrow to invest.)

With a little planning, you can make the most of your income. At Luminus Financial, our financial experts can assess your situation and help you pick products that are clearly right for you. We can help you save for a comfortable retirement. Think about it. What would make you happy?

*As defined by Canada Revenue Agency.