ATA Members

Preparing Your Investments for Retirement

1. Consolidation
For a lot of us, as we've gone through life we've accumulated investments in a bunch of different places. We may have bought an RRSP from our bank, a different one with an investment advisor, maybe a TFSA someplace else. A key part of your strategy when you approach retirement is to get all of these different pieces together in one place, so you actually know what you'll have to draw on. (As an added bonus, it's way less paper to track!) For many teachers, this means consolidating their different investments into their ATA Group RRSP / TFSA. This allows teachers the chance to save on all of the normal transaction fees that you'd pay anywhere else to invest, and they get access to some incredible investment options at the same time. As well, the ATA Group RRSP / TFSA is what's known as a Multi-Manager Account -- which means that you can be invested in a wide range of different fund companies, including all of the major banks and private money manager, but see it all on one statement. And when it comes time to move your money into a RRIF, it's an easy switch over to your ATA Group RRIF.

2. Re-examine your investment mix
Many teachers may have been investing in their ATA Group RRSP / TFSA with choices that are more focused on growing their investments. In retirement, though, most people are more concerned with protecting what they've already grown. We can help you to invest in choices that do both, with balanced choices that have both a protection component, and the potential to grow significantly more than a GIC or savings account could.