When it comes to your finances, do you feel good about where you鈥檙e at, or anxious that you may not have enough to retire on? Maybe you鈥檙e putting off planning for your future.

Whether you鈥檙e a millennial, GenXer or a baby boomer, taking a good look at your financial picture and coming up with short-term and longer-term plans can be a great stress reliever.

Experts like Diane Motherwell, Financial Services Officer at 鈥檚 Otter Community Branch, and fellow team member Jennifer Flentge, a Financial Planner serving 91原创, help people at all stages of life create and build great plans.

What鈥檚 best for you? Depends on your age

• Time is on your side If (age 25-39), you鈥檙e likely to have more student loan debt, possibly be unemployed, and have lower overall wealth and income than older generations. To get ahead, Diane says, you should prioritize your savings, start early and contribute often, even if it鈥檚 a bare minimum. 鈥淚t can be tough to find cash flow to save a regular amount of money each month for the future,鈥� she notes. Opening an , arranging for pre-authorized monthly contributions, and increasing that amount as your income increases can be a good way to get started on a retirement savings plan, she adds.
• Multi-tasking GenXers If (age 40-54), there鈥檚 a strong chance you鈥檙e not confident you鈥檒l be able to fully retire comfortably. As the generation most likely to be raising kids, paying a mortgage and in some cases, caring for aging parents, it鈥檚 important to create a solid plan, Diane says. 鈥淭his could mean meeting with a financial planner to get started, revisiting your plan if you fell off track, or getting help to catch up with an RRSP loan.鈥�
• Boomers have advantages (age 55 and up), you鈥檙e projected to retire in better health, live longer and have more wealth than previous generations. A wealth review with your financial planner can help you determine whether your existing plan needs rebuilding, Jennifer says, and provide you with peace of mind knowing you鈥檙e on track to reach your goals.

To get started or learn how you can shore up your financial future, call or stop by your branch to with an advisor. It鈥檚 never a bad time to take stock of where you鈥檙e at.

You can benefit from tax breaks

With the March 1 deadline fast approaching for contributions to RRSPs, you can take advantage of tax benefits by investing now. Plus, Aldergrove Credit Union members who contribute a minimum amount to your RRSP by March 1 () are entered to win a $1,000 term deposit.

You can find the in 91原创, the in 91原创 Township and the on 272 Street in Aldergrove. You can also follow them .