RETIREMENT LIFESTYLE PLANNING:

1. Retirement Activities (Word)
   • This exercise takes a “life values” oriented approach to considering activities that you may want to pursue in retirement.
   •  Think about how you may want to use your newly found 2,000 hours every year when you retire.
   • If you have a partner/spouse, have him/her complete this exercise as well and then compare – could prompt some good conversation.
2. Relationships in Retirement (Word)
   • An interesting exercise to get you thinking about the impact your retirement might have on relationships that are important to you.
   • This gets you thinking about the impact due to retirement on you as well as the other party in the relationship.
3. Life Balance in Retirement (Word)
   • It is healthy to maintain an appropriate balance in activities pursued in retirement.
   • Consider the balance you would like between the things that you must do and the things that you want to do in retirement.
4. Action Plan (Word)
   • This is actually a generic tool that can be used for any actions you feel you may want to take to plan and prepare for retirement – lifestyle or financial.

RETIREMENT FINANCIAL PLANNING:

1. Cost of Lifestyle Goals (Word) and Living Expenses (Excel)
   • There are 2 parts to this exercise – lifestyle goals and day-to-day cost of life.
   • You should review the Lifestyle Cost Directions for these exercises.
   • The combination of the outcome of the 2 exercises will provide you with an estimate of the cost of your lifestyle in retirement.
2. Retirement Income Sources (Word)
   • You may want to refer back to the workbook to show income information.
   • Remember to identify both the timing and amount of your sources of annual income in retirement.
3. Income from RRSPs in Retirement (Excel)
   • This supports you in estimating a “notional” amount of income that you may be able to count on from your RRSP in retirement.
4. RRIF Calculator (Excel)
   • This tool will calculate the minimum annual withdrawal required from your RRIF.
   • Minimum withdrawal rates are based on the 2015 federal budget changes.
   • You will have to make assumptions around the amount and the rate of return in your RRIF.
5. Workshop Toolkit (Excel)
   • This is the complete Toolkit that was provided for the workshop. It includes the “Full Financial Picture” spreadsheet.
6. Workshop Toolkit – Google (Google Doc)
   • This is the same as item 6 above but as a Google spreadsheet.

GENERAL FINANCIAL PLANNING:

1. Net Worth Statement (Excel)
   • As discussed in the workshop, this should be updated as of year end annually.
2. Living Expenses (Excel)
   • Similar to the Net Worth statement, this should be updated and reviewed annually.
3. Record of Personal Financial Information (Word)
   • This is a valuable document for estate planning purposes.
   • It provides a record of all personal financial information that needs to be dealt with by executors over the estate.
4. Cash Flow Analysis (Excel)
   • This tool combines the above Living Expense exercise with annual income to provide net annual cash flow.