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Use the CIBC Retirement Budget Calculator to manage your monthly finances in your retirement. Use the tool to help with your budgeting plan.
You save about each year, and you may want to explore using these savings to continue building your nest egg.
You save about each year. See if there are opportunities to reduce your expenses to free up more cash to put towards other financial priorities in life such as taking your dream vacation or more.
You spend about more than you make each year, which may lead you into further debt.
Lowering your fees is a great way to free up some money. Consider a no-fee credit card like the CIBC Dividend Visa Card CIBC Dividend Visa Card. It lets you do your everyday shopping, and there's no annual fee.
You spend about more than you make each year, which may be preventing you from reaching your financial goals.
The easiest way to manage your debt is by consolidating high interest balances into a low-interest loan or line of credit – which reduces interest payments and the number of bills you have to pay every month.. Apply now or talk to your advisor.
Consider the CIBC TFSA Tax Advantage Savings Account. With this account you can earn a competitive, guaranteed high interest rate tax-free and you have access to your money any time.
Maximize your savings with the CIBC eAdvantage Savings Account, which pays high interest when your balance is $5,000 or more.
Consider CIBC Guaranteed Investment Certificates (GICs), which provide you with safe and flexible investment options.
PLEASE NOTE: This calculator provides general information only; it does not provide specific tax advice. We recommend that you consult a CIBC advisor when planning for your financial goals. Amounts projected by the calculator are based on the information you enter and a variety of estimates and assumptions. Actual earnings and other factors will vary over time. As a result, CIBC cannot guarantee the results. You should repeat the analysis periodically with updated information and when important changes occur in life circumstances, needs or resources.
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