How Do Defined Benefit Pension Plans Work- Workplace Pensions For Canadian Retirement Planning

Workplace Pensions: How Defined Pension Plans Work

This is video 6 of 30 for our 2021 Money School Series. For the month of September, we will release a video every single day diving into the money lesson, you wish you learned from school.

Figuring out just how much you need to retire is a series of complex calculations, assumptions and data gathering. But at the heart of all that... are simple factors and here's the good news...

You Can Control a Majority of Them.

In Video 1: we talked about what it takes to retire in Canada and key factors to consider
https://www.youtube.com/watch?v=QIRxT...
In Video 2: we applied those concepts with 2 case studies for couples planning to retire.
https://youtu.be/wryN2cVPvhU
In Video 3: We Talked about the Canada Pension Plan and how the CPP can help Canadians with retirement.
https://youtu.be/LoyiWiUHDfU
In Video 4: We talked about the OAS, and how it can add to your income buckets when you get to retirement.
In Video 5:We talked about the GIS and how the Guaranteed Income Supplement can help lower-income retirees.

In this video, we'll break down the defined benefit pension plan.


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#investing #personalfinance #retirement #canadianmoneylessons
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DISCLAIMER**

HervinPesa.com
Hervin Pesa is a Practicing Fee-Based Financial Planner from Calgary AB, Canada.

If you are from Canada and would like a second opinion on your financial plan, you can contact us at https://www.hervinpesa.com/​​​
This video is produced for entertainment and educational purposes only. No part of this video should be considered as personalized financial, investment, legal or tax advice. Consult your financial advisor. Hervin Pesa and Aware Financial Inc. cannot be held liable if you act on any information here without consulting your own financial advisor.

Hervin Pesa reserves the right to change any of his opinions in this video and does not reflect anyone's opinions except for his and his alone.

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Видео How Do Defined Benefit Pension Plans Work- Workplace Pensions For Canadian Retirement Planning канала Hervin Pesa