Retirement Planning in Canada – Savings, Employer-Sponsored Pension Plans, and Case

This video covers the following learning objectives:

Calculate required annual or monthly savings to reach retirement goals using time-value-of-money concepts

• Covered through:

  • Introduction to TVM formula:
    FV = PMT × [(1 + r)^n – 1] / r

  • Monthly savings example targeting $1 million by age 65

  • Emphasis on the importance of starting early to reduce the required savings burden

Evaluate employer-sponsored pension plans (defined-benefit vs. defined-contribution)

• Defined and contrasted:

  • Defined Benefit (DB): Predictable income, low portability, employer-managed risk

  • Defined Contribution (DC): Market-based returns, high portability, employee-managed risk

• Realistic examples of DB and DC scenarios

• Full comparative table included

Apply both savings calculations and pension evaluation to a comprehensive retirement example

• Demonstrated through the case of Danielle, comparing her DB vs. DC plan options and evaluating their projected retirement outcomes based on her savings goal