Budgeting During Retirement
Once you have an idea of how you would like to spend your time in retirement it is important to determine the sort of financial commitment you will be facing. Although some costs will be reduced upon stopping work (commuting costs, work clothes) other costs will begin such as paying for leisure activities and travel. Preparing a budget is an important step in understanding your costs and having peace of mind.
You contact us for a sample budget for you to work with. Working through this budget should give you a chance to stop and think about your upcoming financial situation.
Please contact Barbara Reid's Wealth Management Team in Hamilton, Ontario
