Reviewing your options
Reviewing your options
If you've worked through Steps 01, 02 and 03 then you should know what your goal is, how much money you have at the moment and whether you are on target to reach your goal. There are lots of options available to help you, your money and your future and this Step looks at a few of them.
Remember, depending on your personal situation, there are different options available to you. You can:
- start saving when you're younger; and/or
- retire later; and/or
- spend less in your retirement; and/or
- spend less now and save more for your retirement.
This Step looks at how retiring later affects your income in retirement, how you can spend less either now or in retirement and different ways you can save for your retirement, including the BOC pension arrangements.