{"id":198,"date":"2022-08-09T05:00:45","date_gmt":"2022-08-09T12:00:45","guid":{"rendered":"https:\/\/www.speedycash.ca\/retirement-101\/"},"modified":"2025-12-11T15:24:33","modified_gmt":"2025-12-11T15:24:33","slug":"retirement-101","status":"publish","type":"post","link":"https:\/\/ppspeedy.com\/blog\/retirement-101\/","title":{"rendered":"Retirement 101"},"content":{"rendered":"\n
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<\/i>Money Management<\/span><\/a><\/div>\n\n

Retirement 101<\/h1>\n\n
\"Wooden<\/figure><\/div>\n<\/div>\n<\/header>\n\n\n\n
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No matter your age, it\u2019s never too soon to start planning for retirement. After all, the sooner you start saving, the more money you have to enjoy in your later years.<\/p>\n\n\n\n

Millennials aren\u2019t always great about saving for long term goals<\/a>, because the economic turmoil of the early-2000s made for a very uncertain view of the future. But no matter how your savings habits were formed or how well you\u2019ve saved in the past, with a little bit of knowledge and some determination you can create a future for yourself that is both financially secure and worth looking forward to.<\/p>\n\n\n\n

Before we outline some best practices in retirement preparation, let\u2019s take a look at what you actually need to know about retirement in Canada.<\/p>\n\n\n\n

Basic Retirement Plans <\/h2>\n\n\n\n

Generally, you have three options available to you; an employer pension plan, government retirement benefits or your own savings account that accumulates over time. Canada offers several retirement plans. You may be familiar with some but look at the following and you may see some you didn\u2019t know were available:<\/p>\n\n\n\n