Jul 20, 2023TCPP Benefits, Retirement PlanningQuiz Your Sources of Retirement Income (Quiz) What are the three pillars of retirement income? 1. Government benefits, workplace pension plan, personal savings 2. RRSP, investment portfolio, pension plan 3. C/QPP, OAS, pension plan 4. C/QPP, OAS, RRSP None What portion of pre-retirement income does the Canada/Québec Pension Plan (C/QPP) currently aim to provide to new retirees? 1. Half 2. A third 3. A quarter 4. 20% None What is the benefit you can expect to receive from Old Age Security (OAS) dependent on? 1. How much you contributed, how long you contributed, and your income when retired 2. How much you contributed, how long you contributed, and your retirement age 3. Your time spent living in Canada, your income, and your retirement age 4. Your time spent working in Canada, your income, and how much your contributed None Where can you get an estimate for your pension benefits at retirement for pension plans you are a part of? 1. In your plan booklet 2. On the pension plan’s website 3. By requesting an estimate by email 4. In your annual statement None What is the key benefit of starting to save for retirement now rather than later? 1. The earlier you start saving, the more money you will need to set aside to reach your retirement goals 2. The earlier you start saving, the less money you will need to set aside in total to achieve your retirement savings goals 3. The earlier you start saving, less taxes you will have to pay 4. If you start saving later, it will be too late None Time's up Click on the link below to view the Sources of Retirement Income 3-Part Video Series: Video Related posts: Planning for Retirement (Quiz) Your Monthly Pension Payment Options (Quiz) Your Pension and Total Compensation (Quiz) 5 Reasons Why Your Plan Provides More Than an RRSP
