It's never too early to start planning for your retirement.

The best way to ensure that you're making the right retirement planning decisions by speaking to a knowledgeable Mainstreet advisor.

Pensions & Canadian Government Retirement Programs
You may qualify for the Old Age Security Pension. Information on these and other federal and provincial programs is available through Government of Canada website at

In the event of divorce, the pension credits earned as a couple can be evenly split, even if one spouse or common-law partner did not pay into the Canada Pension Plan. A retired couple can also share pension credits for tax purposes, if one of their pensions is significantly higher than the other.

Receiving Pension Payments
You will begin receiving pension payments when you retire, or any time you become disabled and are no longer able to work. If you choose to retire in another country, you are still able to receive your pension, paid in Canadian dollars, anywhere in the world.

 Insurance During Retirement

All your life you were a wage earner and you made sure that if anything happened to you, your family would be able to continue living the same lifestyle that they were used to. But once you retire, it's still important to think about protecting your assets. Mainstreet Credit Union can help you determine whether or not you have the right type, and amount, of insurance to let you and your family rest easy.

Life Insurance
A good life insurance policy will cover many of the expenses and concerns that will arise when you die. It will protect your assets and continue any income for the people who depend on it. It will also cover funeral costs, legal and executor fees, as well as pay any taxes you owe at death.

Health Insurance
Just as with life insurance, you'll benefit greatly from obtaining a health insurance policy early. This type of coverage can be a great help if you become sick and need special medical care. A good policy can help cover the costs of prescription medications or any medical supplies you need. It will also cover extended hospital stays and any special home care that you may require.