In this episode, Reshma sits down with Alynn Godfroy, an experienced financial advisor who specializes in retirement planning. Alynn shares her expertise on when to start thinking about retirement, the importance of saving early, and how to navigate through the complexities of retirement savings plans. Alynn and Reshma dive deep into topics such as the classic rule of 35-35-20 for budgeting, the impact of pensions on retirement savings, and the importance of understanding group retirement plans. They also discuss the advantages of having multiple streams of income, including rental properties, and how to balance paying off a mortgage versus saving for the future. Differences between RRSPs and registered pension plans and how to prepare for unforeseen circumstances in retirement. Alynn also touches on government plans available for retirees and the common mistakes people make when planning for retirement. Introduction to Retirement Planning The Importance of Early Savings Understanding Pension Plans Group Retirement Plans Explained RRSP vs. Registered Pension Plans Asset Classes for Diversification The First Home Savings Account Retirement Income Needs Real Estate and Retirement Income Alynn Godfroy https://www.godfroyfinancialgroup.com/ Phone: 519-258-1995