BMO Retirement Tips of the Day: Be Generous But Don't Give Away Too Much During Your Life & Spend During Your Retirement-But Do Some Planning First

(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 02/17/12 -- As the February 29th deadline approaches to make a contribution to a Registered Retirement Savings Plan (RRSP) and as part of its ongoing commitment to improving financial literacy, BMO Financial Group will be providing daily retirement tips during the month of February from BMO Retirement Institute Head Tina Di Vito's new book .

Tip Number 33:

Be Generous But Don't Give Away Too Much

You have had a good life, and now you want to help your children and/or grandchildren financially. Your heirs will inherit your money anyway, but you still want to help them while you are still alive. While this is a noble view, keep in mind that retirement can last 30+ years; you need to start thinking more about your future and how much money you will need, rather than how much you should be giving to the kids. There are ways to be generous and still be mindful of your retirement savings. Consider the following:

Tip Number 34:

Spend During Your Retirement, But Do Some Planning First

You have worked hard to accumulate personal savings for retirement and now that you are retired, why should you hesitate to spend the money? However, spending your retirement savings comes with a myriad of fears and decisions. Consider the following when deciding how much to spend:

For more information on retirement: .

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 17.02.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 115967
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