Think about:

• your travel plans

• your hobbies

• your age when you retire

• if you'll work after you retire

• if you'll have children or grandchildren to support

• where you want to live

• whether you’ll have debt to pay, such as a mortgage or a loan

Compare your current spending with expected retirement spending.

Look at how much you spend now. Then, figure out how those expenses will change when you're retired.

For example, you won’t need to spend money on getting to work, but you might decide to spend more on hobbies or on travel.

First, use the Canadian Retirement Income Calculator to estimate how much retirement income you may have.

Then use the Budget Calculator to help you better understand and review your budget.

What is the TCFD?

In December 2015, the Financial Stability Board (FSB) established the Task Force on Climate-related Financial Disclosure (TCFD) to develop voluntary, consistent climate-related financial risk disclosures for companies to use when providing information to investors, lenders, insurers and other stakeholders. The final recommendations of the TCFD were released in June 2017 after a collaborative process of global stakeholder consultations. The TCFD recommendations are about enhancing market transparency and enabling the efficient allocation of capital in the transition to a low-carbon economy as envisioned by the Paris Agreement. The TCFD will continue into 2019 and will launch a resource hub with best practice guidance for organizations.