House of Horvath

Group Registered Retirement Savings Plan (RRSP)

The objective of this meeting is:

To provide you with tools and information so that you can “Get Serious” about your personal retirement plan

To meet this objective we will review:

• Four easy steps to managing your retirement journey– Step 1 - Envision your retirement– Step 2 - Calculate the cost– Step 3 - Select and monitor your investments– Step 4 - Managing your group RPP

• Ongoing services & support

Your retirement program

• Contributions made by you and your employer are defined

• Your retirement benefit will depend on:– Contributions made to the plan– Investment returns earned by contributions

Plan features

What can you contribute?

What does the company contribute?

Transfer in?

Can you withdraw from the plan?

Eligibility? Immediate

After 3 months continuous employment: employer match of 50% of your contribution (max 1.5%)

Allowed

From optional unmatched contributions only

Up to CRA limits

*Earnings are defined as gross earnings including overtime and bonuses.

Your retirement journey

Four easy steps

1. EnvisionAll visions start with a plan

Staggering statistic

“Still, only 38% of Canadian workers, about 6.1 million, had company pension plans of any type as of 2011, according to Statistics Canada.”

Source, Ross Marrowits, Canadian Press, Feb 2014

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Set a goal

Experts use the assumption that you will need to replace your pre-retirement income by 50 – 70%

For example if you make $50,000 the year before you retire, you might need to be planning to replace your working income by 70% in retirement (or $35,000 per year).

Envision your retirement

What I love

• Reading• Movies• Live

plays/musicals

What’s old is new

• Baseball• Snorkelling • Writing • Hiking

Bucket list

• Skydiving • New York at

Christmas• Singing lessons

My retirement

2. CalculateWhere is your money going to come from?

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The structure of Canada’s retirement system

Pillar I

• Universal income tested public benefits (Old Age Security 2014 average payout - $515/month)

Pillar II

• Mandatory public workplace coverage (Canada Pension Plan & Quebec Pension Plan – 2014 average payout - $612/month)

Pillar III

• Workplace and personal retirement savings plans and other personal registered plans.

Pillar IV

• Additional non registered savings (e.g., equity, bank deposits, brokerage accounts…etc.)

3. Select Select and monitor your investments

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Choosing your investment path

Before you choose an investment path, ask yourself:

• How much knowledge do I have about investing• How much time am I willing to devote to:

• Creating a strategy • Monitoring my investments• Making required changes

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Investment options available

Cadence target date funds•Asset allocation funds (market based)

Portfolio target risk funds•Asset allocation funds (market based)

Individual investment funds•A wide range of non-guaranteed investments (balanced funds, fixed income funds, equity funds)

Cash & Equivalent funds•Daily Interest Account (DIA) •5 year guaranteed accounts

What’s your risk tolerance?

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

Use your enrolment booklet or a stand-alone brochure

OR

Complete the Investment personality questionnaire.

Determine your risk profile

Asset allocation funds

Types available to you:• Target date• Target risk

Benefits• Experts choose• A fund of funds

Selecting your own investment mix

Fund selection tools:• GRS Access

– Investment personality questionnaire– Fund Review for historical rates of return– Fund Reports for fund details– Investment management fees

Scoring Your investment personality

115 or less Conservative

116 - 145 Moderate

146 - 170 Balanced

171 - 190 Advanced

191 + Aggressive

* Always available on line at www.grsaccess.com

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Sync your plan to your life

Adjust your funds to your changing stages of life

For more information

o WEB: GRS Access (www.grsaccess.com)o Fund Review for historical rates of returno Fund Reports for fund detailso Investment management fees

o 1-800: Great-West Life Access Lineo 1-800-724-3402o Investment and retirement specialistso Objective information and education

4. Complete

Tools and resources to help you with the ongoing maintenance and management

of your plan

Tools and resources

Tools and resources

Plan your retirement online

• Helps you be retirement ready

• Create a plan using 4 easy proven planning steps

• Try “what if” scenarios• Save your information

for future visits

Plan your retirement online

• Easy planning steps

• Information from previous visit will display

• Quick link to our Investment personality questionnaire

Access Line

1-800-724-3402

You can:• Monitor your plan• Get educational information• Change information

and investments• Have 24/7 access

Semi-annual statements

Present a picture of your progress Help you monitor your plan Use in combination with other tools Available on GRS Access

Your statement 9

9-11

40M

EM

Questions?

   The indispensable first step to getting the things you want out of life is this: decide what you want.

- Ben Stein

Your feedback is important

• Your input helps us improve the education we provide

Group number: 67764Presenter name: Joy

Thank you for your time!