Retirement-planning tools are making it easier to outline goals and track financial preparedness for life after work.

While retirement can feel like a far-off dream, the reality is that having a plan is essential to being prepared. One of the first steps in retirement planning is simply imagining what you want life to look like once your regular income stops. Will you downsize, travel, take up a new hobby, catch more shows?

Turning those ideas into an actionable retirement plan is an important step many Canadians skip. According to an October 2025 CPP Investments survey, 55 per cent of non-retirees and 44 per cent of retirees said they do not have a retirement plan.

“One of the first steps I tell people is to create a written financial plan for your retirement,” says Paul Avvampato,

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