Bank On Yourself Canada

It's tempting to play in the stock market when we hear stories of wealth generated as a result. The truth is, many stock market investors haven't even kept up with inflation over the last 20 years. Reach out to speak to an advisor and learn the truth at https://www.bankonyourself.ca

6 Challenges You Face that Could Turn Your Retirement Dreams into a Retirement Nightmare... How many of these challenges have you prepared for? Challenge #1: According to Benefits Canada, a CIBC survey found the average amount Canadians have saved for retirement is $184,000, while 19 per cent of respondents have saved less than $50,000 and 30 per cent have no retirement savings at all. Looking at the average amount saved, this is at most enough to provide at most $600 per... month income. Challenge #2: Even healthy couples will face extreme health care costs in retirement. Challenge #3: You'll owe the Canadian Revenue Agency 25-50% or more of your savings when you take income from a tax-deferred account, such as an RRSP Challenge #4: If you're counting on Social Insurance to help close the gap, keep in mind that Social Insurance benefits have lost 1/3 of their buying power since 2000, as many of the things retirees typically purchase have increased several times faster than Social Insurance cost-of-living adjustments. Challenge #5: The typical investor in equity mutual funds has earned only 4.25% annually for the past 20 years beating inflation by a meager 2.1% per year. Challenge #6: If you're planning on following the once-recommended "4% rule," which said retirees could take 4% out of their retirement accounts each year, then you have a 50% probability of running out of money over 30 years. What More Proof Do We Need that Conventional Investing and Retirement Planning Strategies Aren't Working? Isn't continuing to do the same thing with an expectation of different results the classic definition of insanity? When you Bank On Yourself instead of banking on Bay Street, the government, or your employer to provide for your retirement security, you get these benefits and more... Guaranteed, predictable, competitive growth every year Both your principal and growth are locked in even when the market crashes, so you never go backwards You have access to your money with no restrictions or penalties no questions asked You get tax-deferred growth and can take a retirement income with no taxes due, under current tax law Your savings are protected by a multi-layer safety net with a 160-year-plus track record Because the growth in these plans is exponential and your premium is guaranteed never to increase, you enjoy some built-in protection against inflation Find Out Today How the Bank On Yourself Safe Wealth-Building Strategy Can Help Give You Financial Peace of Mind It's easy to find out what your guaranteed, bottom-line results could be if you added Bank On Yourself to your financial plan.

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When you are working with an advisor on a BOY concept policy, please ask them if they are a Bank On Yourself Professional. Or, contact [email protected] the home of Bank On Yourself Canada or our main provider MacDev Financial Group Corp to verify the advisor’s status with BOY.

Do you know what your retirement account will be worth on the day you plan to tap into it? The reality is that most people don't have a clue. Because people have blindly followed the conventional investment and retirement planning advice, more than half of workers believe they'll be forced to postpone their retirement. You've been doing "all the right things" you were told to do. But the conventional financial wisdom simply hasn't worked for most people. Shouldn't the decisi...on of when to retire be a matter of choice? The good news is it still can be. A Bank On Yourself plan doesn't go backward when the markets tumble and both your principal and growth are locked in. If peace of mind from guaranteed predictable growth and retirement income with no luck, skill, or guesswork required sounds appealing to you, then you will want to watch this eye-opening video. https://www.youtube.com/watch

A Bank On Yourself Revolutionary knows financial independence is achieved when you pay yourself first. #BankOnYourselfCanada #SafeReturnOnInvestment #FinancialFreedom #SpendSmarter