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Education Centre:
Planning for Retirement
 Today, more than ever, you must save wisely to ensure
a worry free future for you and your family. The time to be thinking
about your retirement income is well before you actually retire. By contributing
to a Retirement Savings Plan (RSP) every year, you can pay less
tax now and build a larger retirement income for the future.
Your RSP could mean the difference between just getting by and having
the financial resources for an enjoyable, fulfilling retirement. With
the help an ATB Investor Services professional you will be able to evaluate
your specific needs based on your time horizon, risk tolerance, and performance
goals to develop a plan that suits you.
The following are helpful tools in identifying your retirement needs
and potential investment strategies:
- RSP Calculator
By identifying future income needs and the amount you intend to save
until retirement, the RSP Calculator can help you identify any potential
shortfall and create a savings plan to help you achieve your financial
goal. The RSP Calculator allows you to personalize the scenario by
accounting for a variety of factors such as inflation, rate of return
on your investment, and indexing.
- RSP Illustrator
By providing a few details about your future investing plans, the
RSP Illustrator can help illustrate the advantages of tax sheltered
growth
of a registered plan (RSP) compared to the taxable growth of a
non-registered plan. By investing the tax refund received on RSP
contributions,
an investor can take further advantage of the savings and growth
potential
that comes with investing in an RSP. The RSP Illustrator allows
you to personalize your scenario by accounting for a variety of factors
such as contribution amount, frequency, rate of return on your
investment,
and your marginal tax rate.
- Registered vs. Non-Registered Comparison
This tool compares the benefits of an RSP savings program against
a non-registered program. By comparing two identical investments
with the only difference
being that one is registered and the other is not, you can see
the difference a RSP truly makes when it comes time to retire.
- RSP Loan Planner
The RSP Loan Planner helps illustrate two common scenarios:
- Maximizing your contribution with an RSP Loan.
- Utilizing an RSP Loan this year for your contributions and begin contributing
with your own money next year.
Planning a Vacation or a Business Trip?
 With
as little as 10% of your out-of-province medical bills covered by your
government health plan, an unexpected accident or illness while travelling
can cost you money. In fact, without proper travel insurance, many hospitals
won't even admit you.
ATB Travel Protection® covers you against unforeseen accidents
and illnesses. All of our plans provide you and a covered family member
or travelling companion up to $2,000,000 emergency medical coverage worldwide
and within Canada. Coverage is affordable and simple to obtain (it can
even be purchased online!).
Enjoy worry-free travel with ATB Travel Protection.
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