Retirement Plan Consultants in Brossard
Brossard, founded in 1958, is a multicultural municipality in Greater Montreal with a population of over 91,500 representing 30 ethnic groups. The city is mostly a residential suburb with semi-detached housing representing 44% of its private dwellings. The climate varies widely over the course of the year, with highs over 30.5 degrees C in summer and lows down to -13 degrees C in the winter. Businesses should retain retirement plan consultants in Brossard to create plans to help employees to retire in this beautiful area.
Approximately 20% of the population of Brossard are aged 65 and over, with an average population age of 42.2. In the Brossard area, the cost of a rented room in a retirement home is approximately $2,065. When adding in the cost of care, the price is around $2,933. To put this in perspective, the cost of living for a single person in Brossard is $1,559 and for a family of four is $3,810.
The cost of living in Brossard places it in the top one-fourth of the most expensive cities in the world. However, Brossard is also listed in the top 7% of the best places in the world to live, so the cost is considered worth it by many residents. The attractive nature of the area and the high cost of living for a retired person in Brossard, Quebec, necessitates advanced planning and saving for retirement.
Benefits of a Group Retirement Plan
Group retirement plans create numerous benefits for an organization, regardless of its size or number of employees. A well-designed plan can help a business to attract employees and to increase the satisfaction of existing employees. It can also reduce the costs of healthcare and provide a sense of financial confidence for the entire organization.
Benefits of a Retirement Plan Consultant
A retirement plan consultant provides full-service support through a strategic planning process that spans multiple years. The consultant assists with establishing a governance committee and provides ongoing oversight of investment performance, member communication and overall financial wellness. In addition, the consultant will ensure the group retirement plan is custom-tailored to your organization's goals and needs.
Plans to Meet Executive Needs
A group retirement plan is only beneficial if it aligns with the intended outcomes and long-term goals of the organization. A retirement plan consultant in Brossard will help by utilizing benchmarks in the development of a plan that meets the overall corporate needs. In addition, a consultant provides analytical tools, performance monitoring and independent governance support to create a high-quality plan that meets all compliance standards.
Plans to Meet Employee Needs
Retirement represents a time of emotional and financial upheaval that requires years of preparation to ensure a smooth transition. A retirement plan consultant from HUB can provide a holistic approach to assist employees in planning for their continued financial health. The consultant can provide income forecasting tools, direct the consolidation of employee assets and convert them to income, and help with enrollment in the CPP and OAS programs.