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Panel Discussion: How Much Money is Enough to Retire?

Description

Join a panel of experts for the discussion of different retirement scenarios and how much money you may need to retire.

Additional Information

In 2012, the Parliament of Canada proclaimed each November as Financial Literacy Month. Since then, the momentum has been building as community organizations, volunteer groups, agencies from all levels of government, employers and private companies have become involved in Financial Literacy Month.

November is the Financial Literacy Month in Canada. Regina Public Library (RPL) holds a series of free programs throughout the month to support and promote financial literacy in the community. The purpose of our event is to raise awareness of the importance of financial literacy and equip people with the essential tools and skills that they need to make informed financial decisions. This year, our Financial Literacy Month will start with a launch event on Nov 5th featuring a panel of three financial speakers discussing the controversial topic “How much money is enough to retire?”

The discussion covers topics such as:

1. How do you determine your retirement needs?

  • Think about your lifestyle
  • Estimate your expenses
  • Consider inflation, your health conditions, and more …

2. How much do you have to save each month to reach your retirement target?

  • Your current age
  • Intended retirement age
  • Life expectancy
  • Current earnings
  • Income sources during retirement
  • Amount of current retirement savings
  • Expected savings contributions
  • Cash outflows during retirement
  • Rules of investment growth
  • Portfolio risk/return
  • Inflation
  • And more …

3. Would you like to hear about different real-life retirement scenarios where a person achieves or did not achieve his/her retirement goal?

  • Government and corporate working professionals
  • Self-employed individuals and small business owners
  • High net worth business owners

*Scenarios may be accompanied by more specific situations such as lifestyle, health issues, debt level, with or without savings and investments, save early vs save late …

Our panel speakers include:

  • James Matravolgyi, CFP, Wealth Advisor, Thrive Wealth Management
  • Douglas Stroud, Advisor, Sun Life Financial
  • Scott Sather, CFP, CIM, FMA, Portfolio Manager and Financial Planner, RBC Wealth Management - Dominion Securities

The panel event will be followed by a full slate of financial literacy workshops throughout the rest of the month, including

When


Nov 5, 12:00pm

Where


Central Adult,

Event Type


Featured

Topic


Business and Finance