Bank of Montreal has introduced a personalized interactive online tool to help Canadians plan for their retirement goals.

Based on BMO’s Take Charge of Your Retirement workshops held across the country, the online tool features Dr. Amy D’Aprix, BMO retirement transition expert, guiding users through a series of questions about the four key elements of retirement and the often overlooked financial considerations associated with common retirement goals.

Using a picture analogy, with the four corners of the picture representing the ‘who, what, where and how’ of retirement, users are able to put together a personalized retirement picture in under 10 minutes, and start thinking about some of the key considerations associated with what they want for their future.

“This unique tool allows pre-retirees to think about their retirement in greater detail so they are not caught off guard by circumstances that could have been planned for. Thinking about retirement in more granularity is more relevant given recent economic turmoil which has forced many individuals to reshape their retirement plans,” said Caroline Dabu, vice president, head of retirement at BMO Financial Group.

IE