Plan your way out of
financial stress
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Do personal finances make you anxious? You’re not alone. According to the 2025 Financial Stress Index from FP Canada (a non-profit dedicated to financial planning standards in Canada), 42% of Canadians list money as a greater stressor than work, health or relationships.
Fortunately, there are some simple steps you can take to build confidence and reduce financial worries.
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Establishing and following a plan not only reduces the guesswork, but provides a yardstick to measure your progress against. Start by figuring out how much you need for retirement, then plan an amount to set aside each month.
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Nothing is more crucial to long-term savings success than consistency. Setting up automatic contributions is an easy way to ensure you never miss paying yourself, and one less thing on your to-do list each month.
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Trying to do too much at once can feel overwhelming. Setting attainable, short-term goals (like saving even $25/month) can help you build momentum and set you on the path to achieving larger, long-term ones.
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Riding the ups and downs of the market can feel like a rollercoaster. Over the long term, though, diversified investments with low fees and compound returns (like SPP) are a safe bet for growth, giving you peace of mind for retirement.
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Choose diversified investments
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Diversified portfolios, like SPP’s Balanced Fund, provide consistent growth while managing risk. With a target of 40% in equities, the Balanced Fund is designed to reliably weather the ebb and flow of the market.
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Rely on expert management
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Unless you’re a savvy self-directed investor, playing the market can be overwhelming. Retirement investments that are professionally managed (like SPP) give you both the performance and peace of mind you deserve.
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Tax season is almost over. Now what?
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As tax season comes to a close, it can be tempting to take your foot off the gas. With the pressure off, though, it’s a great time to make sure you’re set up for success for the rest of the year. Let’s explore some simple things you can do.
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Did you receive a refund from your income tax this year? Reinvest it and watch it grow!* Since it’s (usually) money you didn’t expect or budget for, you won’t miss it today – but you’re sure to appreciate how much larger it can become later!
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Revisit your contributions
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Now’s the perfect time to assess your pre-authorized contributions (PAC) or set them up (if you haven't).* Your financial situation and RRSP limit change over time, so check in and adjust your contributions to keep you on track for your retirement goals.
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Check your fund performance
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SPP’s Balanced Fund returned a strong 10.57% in 2024 and has maintained a long-term average rate of return of around 8%.** In fact, performance has surpassed similar funds from many of Canada’s largest financial institutions.
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Transfer-in from unlocked investments
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Give all of your retirement savings the best chance to grow. Compare SPP’s strong performance and low fees with your other investments, then transfer funds from unlocked registered funds to your SPP account.
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*Must have available RRSP room. Funds locked-in until age 55. **Past performance does not guarantee future results.
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Check your pension progress
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Questions about your pension or want to know more about SPP? We’re here to help!
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