100 Mile House’s Dan Rimell, a Certified Financial Planner with Investia Financial Services, and assistant Angela Elliott welcome you to their new offices.

Plan now for the retirement YOU want

3 things to think about when building your retirement plan

What will your retirement look like?

Travel? A cottage to share with family? Sunny Snowbird escapes?

While planning for the future can seem daunting during the “busy years” of family, home and career responsibilities, that’s exactly the time you need to think about it, says Investia Financial Services’ Dan Rimell, who recently welcomed clients to a new office space in 100 Mile House.

A Certified Financial Planner since 2010, Rimell brings a total of 20 years experience in the financial services industry, for a wealth of experience and knowledge. Today, he sees the same features that brought him to 100 Mile House a decade ago attracting new residents: affordability, lifestyle and a sense of community.

“I spent my summers at Green Lake as a kid, so I had fond memories of the Cariboo. We enjoy the outdoors and I’m a flyfisherman, so this really is a great location,” he says. “I’m seeing a lot of people who are looking for that same sense of community.”

With community comes one-on-one relationships people appreciate. Comparing his approach to the big banks, for example, “service is a big difference,” Rimell says.

“My primary focus is on retirement planning – so setting up a savings plan and growing your money, then when the time comes to retire, looking at how to structure income in the most effective way.”

What to consider BEFORE visiting your financial planner

Creating a financial plan means not only looking at where you’re at today, but where you want to be tomorrow. Rimell offers a few topics for clients to consider, before a more in-depth discussion with their advisor.

1. What will your retirement look like? “I spend a lot of time educating clients in what they can expect in retirement – from the government plans and their own contributions – and in general the kind of expenses they can expect,” Rimell says.

Beyond the standard home, transportation and living expenses, will you have health issues to manage, for example, or dependent responsibilities to consider?

“Everyone is individual so everyone’s retirement also looks very individual.”

2. How long do you want to work? While the average age of retirement in Canada is 63.6 years, deciding when you’ll retire, and whether you’ll continue working part-time after retirement, will affect how much you’ll need to save. The good news is that with today’s technology, remote working opportunities allow for more contract, consulting and freelance opportunities for many “retirees,” even those wanting to live in more remote areas.

3. What lifestyle do you want to enjoy? How much discretionary income would you need to live the life you want? “Travel is the big one for most people, whether that means regular vacations or the ‘Snowbird’ lifestyle,” Rimell says.

“At the end of the day, you have to make your lifestyle work for your situation. Your financial advisor is here to help you make it the life you want.”

***

To learn learn more about building your retirement plan, email Dan Rimell at dan.rimell@investia.ca, call 250-395-1831 or drop by at #3-255 Highway 97, next to the Chevron Station.

Mutual funds and/or approved exempt market products are offered through Investia Financial Services Inc.

Insurance products are provided through multiple insurance carriers.

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