CIBC is reaching out to Canadian who are simply not saving enough now to make the retirement lifestyle they want a reality.

“Retirement planning is complex and multifaceted and to achieve the retirement you want, you need to be proactive and start planning early,” says Steve Geist, president, CIBC Asset Management.

“Everyone has their own idea of what constitutes an ideal retirement, but successful retirement planning is all about being realistic about what you need to do today to reach those goals tomorrow.”

Geist offers investors five suggestions:

1) Talk to an advisor;
2) Get to know your retirement goals;
3) Have a plan;
4) Make the most of your RRSP; and
5) Understand your risk tolerance and diversify.

Advisors can approach prospects by outlining how they can help investors stay on track towards the retirement they want.

Geist also reminds of the importance of getting an early start of saving for retirement.

“You may be decades away from retirement now, but the biggest mistake that people can make is to delay saving for and investing in their retirement today,” says Geist.

“The more time your investments have to grow, the greater your returns will be, helping you achieve the lifestyle you want.”

IE