The road to retirement can be long, and your needs and priorities will likely shift along the way.
So how do you navigate the many investing decisions you’ll face as you travel to and through retirement?
RBC Retirement Portfolios help turn those many decisions into one clear and simple choice.
They are smart, actively managed investment solutions that adjust to and through retirement, from the day you start to save, to the day you retire and beyond.
The portfolios invest in a diversified mix of funds including RBC Funds, BlueBay Funds and PH&N Funds, and offer active management by investment teams across the globe.
And the portfolios cater to different needs for different stages of your life. Whether you are decades from retirement, ready to retire soon, or already retired, simply choose your expected retirement date to get started.
So, what will your journey look like over the years? Let’s take a closer look.
In the early years of your career, it is important to focus on growing your investments for retirement.
That’s why RBC Retirement Portfolios start off holding mostly growth-oriented investments like equities. This can help your savings get off to a strong start while your retirement is still far off.
As you get closer to retiring, the focus gradually shifts from maximizing growth to protecting your nest egg.
That’s why 20 years before your retirement date, RBC Retirement Portfolios start to slowly reduce your equity holdings and add to more conservative investments like bonds.
But the journey doesn’t end there. As you enter retirement, you may want to play it more safely as an investor, while still wanting your portfolio to grow.
For the first 10 years of retirement, RBC Retirement Portfolios continue to slowly reduce your equity holdings and shift to holding mostly bonds.
10 years after your retirement date, your portfolio moves to RBC Retirement Income Solution. This sets you up for steady, sustainable cash flow.
Your portfolio is now more focused on stability. But it will continue to include some equities to help your savings grow and last longer.
A lot will change from the day you start saving for retirement to the day you start living it. Wherever you are on your retirement journey, RBC Retirement Portfolios can help you achieve your retirement goals.
Get your roadmap for retirement. Talk to your advisor today about which RBC Retirement Portfolio is right for you.