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Retirement basic living expenses iconSupport the retirement lifestyle you envision

Retirement income planning is even more pivotal today as American lifespans are longer.

Retirement income planning leverages your wealth to help create predictable income that meets your needs and supports the future you envision.

  •     Understand why you are ahead or behind in your plan
  •     Employ strategies to adjust your spending and rules to harvest from your portfolio as needed
     

save money iconHow much will you need for retirement?

Everyone will have different retirement financial needs.

That’s why we tailor the RBC Wealth Management retirement income illustration model to fit your financial objectives, portfolio size and personal preferences.

Through RBC Wealth Management Online, we provide you with RBC Retirement Paycheck, which makes it easy for you to see a clear, one-year snapshot of your available funding sources to help you achieve your goals in retirement.
 

Checklist iconDeveloping a plan that's right for you

We help you to develop a personalized retirement income plan to help you feel more confident and prepared for your financial future. Our planning process is dynamic and includes periodic review of risks, choices and sustainability. Together, we take the following steps in our approach:

  •     Determine your retirement goals and identify income sources
  •     Assess your income and assets for funding retirement
  •     Determine the gap between your assured income and essential living expenses
  •     Design a personal pension for your retirement
  •     Create a retirement income strategy to cover your lifestyle and discretionary expenses
  •     Design a portfolio to balance the income needed today and throughout your lifetime with the need to grow and preserve your investments
  •     Understand why you are ahead or behind in your plan
  •     Employ strategies to adjust your spending and rules to harvest from your portfolio as needed

Create your retirement paycheck

RBC Retirement Paycheck Wealth Insights ReportA personalized retirement income plan can give you confidence and clarity by identifying your assets and available sources of income - along with their tax implications - to help create a secure retirement paycheck. In this Wealth Insights guide we’ll help you create your personalized retirement paycheck.

Download the RBC Retirement Paycheck Wealth Insights guide

We're here to help

Generating a predictable income for the rest of your life may seem like a daunting task, but we're here to help you plan and achieve your visions.

Required minimum distributions

If you invest in traditional IRAs or employer-sponsored retirement savings plans, it’s important to know that they are not shielded from taxes indefinitely. When you reach age 73, you must take required minimum distributions to avoid tax penalties.

The regulatory environment continues to change, and it is sometimes difficult to navigate. Contact us today to learn more about your options.

Let's start the conversation

If you want to discuss your portfolio or have financial questions, please fill out the below form.

To protect your privacy, we ask that you not send any confidential information, such as bank account numbers, credit card information or account details, through this contact us form.

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Disclosures

Neither RBC Wealth Management, a division of RBC Capital Markets, LLC, nor its affiliates or employees provide legal, accounting or tax advice. All legal, accounting or tax decisions regarding your accounts and any transactions or investments entered into in relation to such accounts, should be made in consultation with your independent advisors. No information, including but not limited to written materials, provided by RBC WM or its affiliates or employees should be construed as legal, accounting or tax advice.

Trust services are provided by third parties. Neither RBC Wealth Management nor its financial advisors are able to serve as trustee. RBC Wealth Management does not provide tax or legal advice. All decisions regarding the tax or legal implications of your investments should be made in connection with your independent tax or legal advisor.

Edward Link Jr, NMLS # 2227692, Michael Kemp, NMLS # 2329585, Bradley Blum, NMLS # 2159659, and Allison Oakey, NMLS # 2270085 through City National Bank, may receive compensation from RBC Wealth Management for referring customers to City National Bank. Banking products and services are offered or issued by City National Bank, an affiliate of RBC Wealth Management, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC and are subject to City National Banks terms and conditions. Products and services offered through City National Bank are not insured by SIPC. City National Bank Member FDIC.

Investment products offered through RBC Wealth Management are not FDIC insured, are not guaranteed by City National Bank and may lose value.

Read additional advisor disclosures.