Gwenn: Executive - Public Service

"I'll have a great pension but I want to travel. Will my pension be enough?"

Gwenn: I really enjoy my position with the Department of Foreign Affairs but I work very hard and usually don't get out of the office until well after 6. But I reward myself twice a year by taking nice trips to new countries. I really enjoy cycling tours in Western Europe.

Affording travel is easy now because I earn a very respectable income, but I don't want to stop traveling when I retire. In fact, if anything I want to travel more. I know my pension will cover my daily expenses but will I need more to keep up my traveling?

I can afford to save about $2,000 monthly but I'm only allowed to contribute $600 annually to my RSP. I've thought about opening a Tax Free Savings Account but the one offered at the bank is paying such a low rate of interest that I don't know if it's worth it.  Wealth Strategies showed me some strategies that could create what I was looking for tax efficiently.

I need an advisor to plan how much retirement income I'll need to travel and how I can invest my money outside my RSP tax efficiently.


HollisWealth® is a division of Industrial Alliance Securities Inc. (iA Securities), a member of the Canadian Investor Protection Fund (CIPF) and the Investment Industry Regulatory Organization of Canada (IIROC). iA Securities is a trade name and business name under which Industrial Alliance Securities Inc. operates. This information has been prepared by Robert Abboud and Mathieu Paradis for HollisWealth®, a division of iA Securities, and does not necessarily reflect the opinion of iA Securities. The information contained in this document comes from sources we believe to be reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any the securities mentioned. The information contained herein may not apply to all types of investors. Robert Abboud and Mathieu Paradis can open accounts only in the provinces where they are registered. For more information about HollisWealth®, please consult the official website at . Wealth Strategies is a personal trade name of Robert Abboud and Mathieu Paradis.


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