Retiring / Budgeting during Retirement

Budgeting during Retirement

Once you have an idea of how you would like to spend your time in retirement it is important to determine the sort of financial commitment you will be facing. Although some costs will be reduced upon stopping work (commuting costs, work clothes) other costs will begin such as paying for leisure activities and travel. Preparing a budget is an important step in understanding your costs and having peace of mind.

Here is a sample budget for you to work with. Working through this budget should give you a chance to stop and think about your upcoming financial situation.

Sample Budget
















Important Information

Information contained herein is provided for information purposes only and should not be relied upon exclusively as estate, tax planning or investment advice, nor should it be construed as being specific to an individual’s investment objectives, financial situation or particular needs. You should always obtain professional advice before acting on the basis of material contained herein. While Dynamic Funds® will endeavour to update this information from time to time as needed, information can change without notice and Dynamic Funds® does not guarantee the accuracy or completeness of this information, including information provided by third parties, at any particular time, nor does it accept any responsibility for any loss or damage that results from any information contained herein.

© 2011 DundeeWealth Inc. Reproduction in whole or in part of this content without the written consent of the copyright owner is forbidden. Snapshots™ is brought to you by Dynamic Funds. Dynamic Funds® is a registered trademark of The Bank of Nova Scotia and a division of Goodman & Company, Investment Counsel Ltd. Snapshots is a trademark of its owner, used under license.