BCDO has partnered with Common Wealth to support members with a retirement plan that helps take the guesswork out of saving. With this retirement plan, you get a user-friendly, digital retirement platform that helps you maximize every dollar you save during your working years.
Whether you are starting out in your career, starting a family, or simply looking to save on management fees as you grow your nest egg, the Common Wealth plan adapts to all of your life stages.
An investment plan for all of your life stages
Get an idea of your retirement readiness based on your age, income, and goals. By taking into consideration your existing savings and expected government benefits, your plan will show any gaps or shortfalls that need to be addressed to reach your goal. Your plan will automatically adjust as you save or transfer in funds, so you can easily track your progress either online or through their mobile app.
The plan will suggest a monthly savings amount. Simply connect your bank account to save in the RRSP or TFSA every month. Once you’ve set it, you can forget about it until you want to make a change. Better yet, choose the auto-escalation feature to automatically increase your monthly contributions each year to keep up with inflation and your income growth.
Get matched to a risk-appropriate investment fund that automatically reduces your risk as you near retirement. This way, you can take advantage of opportunities for higher returns in your earlier years while you are building your wealth. Over time, it will move towards more safety and lower volatility for when you will start using the investments. Learn more about the investment funds here.
If you would like to get started, click on the button below:
Benefit from a low-fee plan, up to 70% less than what most Canadians pay, for life. With a 0.60% fee of assets and $10 monthly subscription, your begin to save more as you add more.
Learn how to maximize CPP, OAS, and GIS benefits and get smart withdrawal tips to get the most out of every dollar.
SOC 2 compliance means your data stays secure, available, confidential, and private.
Interested in setting up a similar plan for your clinic and staff? Ask us about the employer sponsored plan!
*Financial coaching services provided by Financial Literacy Counsel
Common Wealth is an award-winning digital retirement platform, earning awards for innovation in plan design from the international wealth management publication Pensions & Investments, and for pension leadership from Canadian Investment Review magazine.
Learn more about how the Common Wealth plan works here.
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