November 2016 Education meeting Todays discussion What does your - - PowerPoint PPT Presentation

Archdiocese of Vancouver Group Retirement Program November 2016 Education meeting

Today’s discussion

• What does your retirement look like?
• Calculate how much you will need
• Where will the money come from
• Choose your investments
• Join the Plan
• Services and Support
• GRS Access – site demo

What does your retirement look like?

Think about the retirement you want

Reality check

How much is enough?

Tools to help you get started

www.grsaccess.com www.fcac-acfc.gc.ca/

Calculate how much you’ll need

Colleen and Ken

Monthly expenses

$600 $1620

Housing

How much do you need?

67%

Average

PAY CHEQUE

Source: Statistics Canada

What does it look like?

X

• Government benefits
• Group retirement and savings plan
• Personal savings

Where does the money come from?

Why plan?

2016 Monthly Benefit at age 65

The amounts shown are the maximums. Not everyone will receive the maximum amount. Payment depends on your work history, marital status and more.

Maximum

Old age security3

$ 578 1 Canada Pension Plan $1,092 2 Potential monthly total $ 1,670

1 Basic benefit effective Oct 1/16 ( reviewed quarterly and revised as required to reflect cost of living) 2 Benefit effective Jan. 1/16 (indexed annually) 3 Benefit (claw back) repayment income threshold ( effective 2017) based on 2016 net income = $73,756 Source: www.servicecanada.gc.ca (1-800-277-9914)

Service Canada

www.servicecanada.gc.ca

Why join your Group Pension Plan?

The best tool for your savings opportunities

• It’s convenient
• It’s like paying yourself first
• It helps you meet your goals for the future

Your group retirement and savings plan

Get started

It’s never too early

I can’t save now I have a growing family I have kids in college

Put time on your side

Start soon

Extra ten years of savings

$200,960

more

$8,039

more

Payroll deductions

Assumes 22 per cent tax rate. This example is for illustrative purposes only. Situations may vary according to specific circumstances.

$4,083

Gross monthly salary

Assumes 22 per cent tax rate. This example is for illustrative purposes only. Situations may vary according to specific circumstances.

Choose your investments

Investment approach

• 1. Low Touch:

Portfolio Target Risk Funds

• 2. High Touch:

Build your own portfolio

21

Who should consider Portfolio Target Risk Funds?

• The solution to many concerns
• Overwhelmed by investment choices – select one

fund

• No time, little investment knowledge
• Experts do the work so you don’t have to worry

about volatile markets

• Fund matches your risk tolerance

Low touch Approach– Target Risk Funds

Expected return Expected risk

Fixed income/Equities Strategic asset mix of target risk asset allocation funds

Equities versus fixed income

99-1557R

Find your investment type

Sign in to www.grsaccess.com and launch the Plan your retirement tool Use your enrolment booklet

• r a stand-alone brochure

OR

Complete the Investment personality questionnaire.

Step 1

Match a Portfolio fund with your investment type Step 2

Select a Portfolio fund

• The five funds are modelled after five investor types.
• Using the Investment personality questionnaire,

match your score to a Portfolio fund. For example:

If your score is between You are a The corresponding fund is 136-164 Balanced investor Balanced Portfolio Fund

Balanced Portfolio Fund

Your Investment personality questionnaire score: 136 to 164

Who it’s for Fund asset mix

Investors who want a longer-term balance between growth and income at reduced volatility levels.

Underlying funds

Canadian Bond (Portico) 15.0% Commercial Mortgage (Portico) 5.0% Global Equity (Setanta) 10.0% Mid Cap Canada (GWLIM) 4.0% Real Estate (GWLIM) 10.0% U.S. Value Equity (London Capital) 4.0% Global Value (Mackenzie) 9.0% International Opportunity (JPMorgan) 4.0% Canadian Equity (GWLIM) 9.0% International Bond (Brandywine) 4.0% Bond (Portico) 7.0% American Growth (AGF) 3.0% Dividend (GWLIM) 7.0% Corporate Bond (Portico) 3.0% Bond (Mackenzie) 6.0% The funds are continually reviewed and periodically rebalanced. As a result, the target asset mix, the underlying funds and the number of underlying funds may change.

Sync your plan to your life

Adjust your Portfolio fund to your changing stages of life

Hands on approach- Build your

• wn portfolio

Step one:

• Complete the investment personality

questionnaire

– Review the suggested asset mix

Step two:

• Make your fund choices

– Fund Review – Fund Reports

Step three:

• You need to monitor and rebalance

– Your score may change over time – The asset classes perform differently over time – Rebalance if necessary

JOIN!

www.smartpathnow.com Client Service Centre 1-800-724-3402

Services and support

www.grsaccess.com Semi annual statements www.youtube.com/GreatWestGRS

Visit GRS Access

31

2775173 Wfib3KE5

Plan Your Retirement Tool

• Choose how to

set a retirement income goal

• Use a percentage of

pre-retirement income

• r
• Choose from five

sample lifestyle budgets

Check back often

SmartPATHnow.com

Don’t wait

Your input helps us improve the education we provide Plan Sponsor: Archdiocese of Vancouver Policy number: 35169 Presenter name: Kim Pilley Thank you for your time

Your Feedback is Important!