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Life Stages Life Stages Group Consider Your Current Financial Position Education Otoe establish good saving and spending habits consider savmg money inside a TFSA pay
Life Stages Life Stages
Group Consider Your Current Financial Position Education Otoe establish good saving and spending habits consider savmg money inside a TFSA pay for postsecondary education establish a good credit history Early 23 to 30 follow the pay vourselffirst principle pay off stu dent loans and other short- term debt buy furnishings for a home buy a car consider a mutual fund, inside or outside an RRSP Life Stages Family and Mid- 31 to 49 buv a home and review Insurance needs (health, life, disability, critical staff a family open an RESP continue saving through an RRSP/TFSA or an employersponsored savings plan reduce/ minimize taxes have a will and power of attorney staff a business 50t064 pay off mortgage and other debt mmlmlze payable ad equacy of savings support children' s education RESP consider downsizing Early Rerement 65 to 74 apply for OAS/CPP benefits RRSP/LIRA,'workp1ace pension maturity options inventorv potential sources of income and other assets determine an appropriate retirement income distribution pattem determine impact on lifestyle if a spouse become sick or dies make changes to your will and power of attorney Rerement consider a life annuity assess the need for a mortgage consider hiring a wealth manager finalize plans for distribution of your estate
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