600CKAT

Pensions have been all the talk in Ottawa this week with the federal government looking into reforms.  And to that end, CKAT News wanted to get some retirement planning advice.  When planning for your retirement, it is important to put money in on a consistent basis – that from Investment Advisor at RBC Dominion Securities, Leslie Burn.  She says a rule of thumb is saving at least 10 percent.  Burn says the earlier you start saving the better.  She says for a young person starting out, even if it is $25 a month, you are building that savings and also building the behaviour of investing your money.  Burn points out saving is one thing, but it is also important to have a plan.  She says to look at how  you are investing your money and if you are saving enough to reach your end-term goal.

Written by: jennifer.sapinet@northbayradio.rogers.com