Will You Be Ready For Retirement? Find Out #RetireReady #Spon @TD_Canada

On February 21st, I’ll turn 55 years old. In Alberta, many places offer senior discounts at 55! I’m not ready to be a senior yet. However, I’m getting there. Old age and retirement is only 10 years away.

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Growing up, we were told, the best way to plan for retirement, was investing in property. Your home became your retirement portfolio. I listened to my parents. They gave good advice, for back then. Today, not so much. Five years ago we began to realize that our home wasn’t sufficient. Property values are up, but so are living expenses. They are much higher than my  parents could have forseen.

We knew what we wanted to do when we retire, but having a home was not going to cover it. Selling our home, we realize, is not a realistic option. Having a home equity loan is affordable, and yet it too, is not enough. We were looking at a 15 year window to accomplish something that takes 30+ plus years to do.

Tina & Larry on vacation in Hawaii

On Vacation in Hawaii

We want to experience life, retirement is a beginning. Our hearts are with our family, our children, grandchildren and friends. We’ve also found new families in the great places we’ve visited. Travel when we retire is very important to us. There are many great treasures to experience. Treasures to bring home to family, to share with family. Larry and I have no idea how long we’ll be able to travel. There are no guarantees in life. That’s why we want to be sure that our retirement package will be able to cover our dreams. It also needs to cover that period when we can no longer travel due to unforseen circumstances. Again, there are no guarantees in life!

plan your retirement with TD Canada

Investing in RRSP’s was a start, but frankly, we don’t have a clue what we’re doing. There are so many choices. You can invest in GIC’s, RRSP’s, Mutual Funds, and well, more. This past week, I learned about becoming #RetireReady with TD. A TD goals based assessment helped me learn about who I am. Who I really am! Obviously, your vision of what you’ll be doing when you retire, is different from mine. That’s why it’s so important to follow a plan that’s based on you.

How much should I be saving? How much should I be investing? Is it even possible to be ready to retire in such a short period of time? These are all good questions, and ones that we’ve been asking each other. It’s scary to see the future coming up so quickly.

However, with TD, you aren’t alone. Fear comes with not knowing. Talking with TD about your retirement, will open up a variety of options to choose from. They can help you set up realistic goals. They can show you the possibilities and help you figure out just when you can retire.

Is it possible for us to retire at 65? Have we done enough in the past 5 years that will allow us to accomplish our goals in the next 10? I don’t know, but I’m going to find out. We’ll be visiting TD soon to discover our options. I want to know how. I want to retire without fear.

Disclosure: This post is part of the YummyMummyClub.ca and TD and the #RetireReady sponsored program. I received compensation as a thank you for my participation. This post reflects my personal opinion about the information provided by the sponsors.


  1. There seems to be a lot of unknowns about retirement so it is a great idea to get help from the experts at a place like TD Bank. We are close to retirement and so before I buy things I like to question if I would rather have a certain item or be worry free in retirement so I end up saving that money instead of spending.
    Hope you are able to have a great retirement due to your planning and advice from the pros!

  2. I’m not ready at all. I sure have a lot to think about.
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  3. Such a great topic to be discussing, especially to those who have more time but may not have been actively thinking about saving for retirement. Like you said, there are no guarantees in life but it’s still important to plan ahead!

  4. Good information we all need! Nice it is my bank- will look into it!

  5. Thank for the info. I think I am ready.

  6. Property is still a good investment, if you purchase at the lowest end of your approval amount (most people do not). And if you are able to invest in multiple rentals (i.e. buying distressed, but in good condition). But I agree, speaking to a representative at a bank is important; knowledge is power.

  7. Sarah Alexis says:

    Definitely not ready – but hopefully I will be by the time I retire – It’s a great reminder – thank you!

  8. Retirement readiness is an important topic, and it’s for people of every age! Can never start too early planning for retirement.

  9. I think we are perfectly on track. It’s a good feeling.

  10. I am still many years away from retirement, but the thought of it scares me. I dont think I am prepared enough

  11. I am definitely not retirementready and it scares me.

  12. Sometimes retirement plans get off track when unexpected circumstances arise such as divorce. I am nowhere near ready for retirement so it’s good to talk to an investment rep at the bank to see what options there are. Even to just put a small amt of funds away is important. Do what you can.

  13. im not retirement ready but getting there slowly.

  14. Leslie C says:

    I probably wont get to retire, unless I win the jackpot but not likely cuz I can’t even afford that!

  15. Carol M says:

    I think I am retirement ready, will know more when I visit my financial advisor in a few weeks.

  16. Jennifer P. says:

    We met with our financial advisor a couple of years ago to find out what age we could retire at. Luckily we found out that we should be able to retire 3 years earlier than our goal, which was surprising and made us really happy – she said she rarely gets to deliver good news like that. My parents gave me really good advice about RRSPs, credit cards, saving vs. spending etc when I got my very first job, so I have been contributing to my savings/RRSPs etc since I was a teenager. The early start was certainly beneficial! We also luckily got into the Vancouver housing market before the prices skyrocketed, and our mortgage will be paid off in 2.5 years, so that is a great feeling too – we will be completely debt-free before either of us reaches age 45. I am forever thankful to my parents for giving me such good money advice at such a young age!!