Figuring out how much money you’ll need to live out your retirement dream is a daunting yet critical task. Contact your Member Service Advisor for assistance.

Exploring your retirement plans
Your Member Service Advisor can get you on track. Together, you can explore your plans for the period after retiring from the OPP. Will you work at another job or career, or will you kick back and take it easy after so many years of hard work? Do you plan to travel? Are you thinking about selling your home and moving? These choices will affect the amount of retirement income you’ll need.

If you’re prepared to do a more in-depth financial plan, check out our life events planner.

Assessing your financial situation
How long you’ve worked for the OPP will affect the amount of pension you receive. However, you’ll also need to consider:

• Does your spouse or partner have a pension? If so, how much will it provide?
• What other retirement payments or benefits will you receive from the OPP?
• Will you have income from a second career after retirement?
• Will you be debt free?
• Will you still have a mortgage to pay off?
• Will you have support payments?
• Will you be paying for your children’s education?

Just answering these simple questions will give you a clearer picture of your retirement needs and how well prepared you are.