Reasons to Get Help with Retirement Planning
16 Sep 2020 Accounting Services
Planning for your financial future is extremely important, and a big part of this is knowing how you intend to live after you retire. The Canada Pension Plan is only able to cover part of most retirees’ expenses, so having a plan for your retirement can help to ensure that you do not run out of money. At Leskun & Son Accounting, we know that there are many reasons to get help with retirement planning, which is why we offer a variety of consulting services so that you can move towards your golden years in security and confidence.
Why Get Help with Retirement Planning?
Whether you are in the middle of your working years and want to get a leg up on preparing for retirement or you are coming up on retirement time, there is never a bad time to get professional help with retirement planning. Some of the ways that a professional accountant can help you to prepare for your retirement include:
Gain Financial Perspective
It is important to know your assets in order to make a good plan. An accountant will be able to assess your assets and look at where there value will be when the time comes for retirement in order to help you get a better picture of what your expenses might be and how you can pay them. They will also be able to help you figure out yearly expenses for after you retire.
Your accountant will be able to work with you and your investment advisor plan out your investments so that you can be comfortable knowing where your money is going and how it might pay out when you need it. Some accountants specialize in tax services as well and are able to help with planning investments that allow you to avoid getting a big chunk of your savings taxed.
Prepare for Emergencies
Sometimes, emergency situations can cause early retirement. If this happens, it is good to have contingency plans that will allow you to thrive. An accountant can help you to know your options, plan ahead, and maneuver finances as needed.
To find out more reasons to get help with retirement planning, or if you have questions for one of our professional accountants about any other accounting issues, please contact Leskun & Son Accounting at the location nearest to you (Chilliwack, Langley, or Mission) or fill out a contact form on our website.