Date post: | 13-May-2015 |
Category: |
Economy & Finance |
Upload: | moneywebfinancial |
View: | 804 times |
Download: | 2 times |
Jonathan Clements
Personal Finance Columnist for the Wall St. Journal
“Retirement is like a long vacation. The goal is to enjoy it to the fullest, but not
so fully that you run out of money.”
You insure all your major assets
Your life
Your home
Your cars, boats, etc.
But what about your retirement income?
Changing Goals
Retirement Risk Zone
Market risk How do I protect my retirement income
from market volatility?How can I draw an income and grow my money
at the same time? Longevity risk
How can I be certain I won’t outlive my money?
Inflation risk How do I maintain my standard of living
over 30 years?
Retirement Risks
Market Risk
Volatile markets – will poor performance change your retirement plans?
Market Risk
S&P 500 Index 1998-2008
Before and during retirement
1700
1500
1300
1100
900
700
5001998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Can’t control market cycles
The difference – good returns early in retirement
What you can do about it
Probability that a 65 year old will live to…
Longevity Risk
Inflation Risk
Purchasing power in 20 years…
Retirement Income
• You will need 60% to 70% of your current earnings during retirement
• Government benefits only cover 40% of the average wage
• Less than 40% of Canadians have a company pension plan
Sources of Income
• Annuities, bonds and GICs – provide safety and a predictable income, but no growth
• Equity investments – provide growth, but come with risks
• You need to balance security with the growth of your investments
Guaranteed Retirement Income
SunWise Elite Plus can help fill the gap
Benefits
SunWise Elite Plus provides
predictable
sustainable
guaranteed income for life
by eliminating market and longevity risks,
and mitigating inflation risk
Investment Choice
Leading portfolio managers
Managed Solutions
Income for Life
Guaranteed income protection for retired investors
Portfolio Value
Certainty before you retire
Guaranteed income protection for pre-retirees
Portfolio Value
Possibility of income growth
Guaranteed income protection with automatic resetsPortfolio Value
Flexiblity for changing plans
Guaranteed income at any age
Guaranteed RRIF payments for life
Guaranteed income protection provides RRIF for life
Under any market conditions
Regardless of market performance
Choose from two options
SunWise Elite Plus provides two options to meet your needs
For those who need income after age 65 – income for life that is guaranteed never to decrease.
For those who need income before age 65 – a 5% annual return of principal for a minimum of 20 years
Benefits
SunWise Elite Plus
• Choose when to start receiving income, when to stop and restart
• Guaranteed income for life from locked-in plans such as RSPs and RRIFs
• Tax-efficient for non-registered accounts
• Access to your savings at any time
Summary
Retirement
• Brings a new set of financial risks that need to be managed
• Investments must provide both security and potential for growth to help lessen these risks
• You need flexibility to meet your financial needs
Protect your retirement income
SunWise Elite Plus
rethinks retirement planning
and helps brings financial certainty
to your retirement
with guaranteed income for life.
So you can enjoy the long vacation
to the fullest
All charts and illustrations in this guide are for illustrative purposes only. They are not intended to predict or project investment results. To the extent of any inconsistencies between this guide and the April 2007 SunWise Elite Information Folder and Individual Variable Annuity Contract, the terms of the Information Folder and Contract prevail. For full product details and disclosure, refer to the Information Folder and Contract.
Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies, is the sole issuer of the individual variable annuity contract providing for investment in SunWise Elite segregated funds. A description of the key features of the applicable individual variable annuity contract is contained in the Information Folder. SUBJECT TO ANY APPLICABLE DEATH AND MATURITY GUARANTEES, ANY AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE CONTRACT HOLDER AND MAY INCREASE OR DECREASE IN VALUE. ®CI Investments and the CI Investments design are registered trademarks of CI Investments Inc. ™Harbour Advisors is a trademark of CI Investments Inc. ®SunWise is a registered trademark of Sun Life Assurance Company of Canada. ™AIM, the chevron logo and all associated trademarks are trademarks of AIM Management Group Inc., used under licence. *TRIMARK and all associated trademarks are trademarks of AIM Funds Management Inc. ®Fidelity Investments and the Fidelity design are registered trademarks of FMR Corp. ®RBC Asset Management is a registered trademark of Royal Bank of Canada. ™TD Asset Management is a trademark of The Toronto-Dominion Bank, used under licence.
Thank You