Page 29 - A Canuck's Guide to Financial Literacy 2020

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4. Retirement Planning

Have you thought about how much money you need to save for retirement? If so, what are
some ways you can save for retirement. We know that you can take advantage of various
government programs such as Canada Pension Plan (CPP), Old Age Security
(OAS) and Guaranteed Income Supplement (GIS), but will they be enough? In this section,
you will find information about each program and how much they may pay.

5. Asset Management

Asset Management also known as Investment Management is the stage where you decide
on your strategic asset allocation. Asset allocation is simply the process of spreading your
money into different baskets – simply, not putting your eggs in one basket. We’ve taken the
time to explain the Strategic Asset Allocation as well as various investment theories that will
allow you to put a diversified portfolio in place.

6. Estate Planning

Have you thought about leaving a legacy? How will your wealth be distributed when you
die? Estate planning involves several elements such as last will and testament, power of
attorney, estate trusts and much more. We’ve gone in detail to explain the various types of
wills, different types of power of attorneys as well as deemed disposition on death.