Scenarios for different
life stages & savings goals

Priyanka is at the start of her career. She is focused on paying down her student debt, but also wants to travel and enjoy new experiences. Down the road, she would like to purchase her first condo.

To meet these goals, Priyanka decides to:

• She will use the money for the Homebuyers’ Plan  in a few years
• Priyanka will receive a 100% Company match on these contributions

• She will have flexibility on how and when to use her savings, while earning investment income, tax free
• Priyanka will benefit from much lower investment fees than she would from a personal TFSA

Taylor joined Johnson & Johnson two years ago. They are focused on saving for retirement but are not yet sure where they will be in 10 or 20 years from now, so they’re looking for flexibility.

To meet these goals, Taylor decides to:

• Taylor will have greater flexibility and portability of their retirement savings over time
• They will receive a 100% Company match on these contributions

Hang has been with Johnson & Johnson for six years. She owns a fixer upper and is saving to do renovations, while making sure she does not lose sight of retirement savings.

To meet these goals, Hang decides to:

• This will boost her monthly retirement income

• Hang will save for home renovations while allowing her money to earn investment income, tax free
• She will also maximize Company matching contributions; the Company will match her contributions at 50%

Amir has been with Johnson & Johnson for four years. His family is growing, and he is looking to buy a larger home while balancing childcare costs.

To meet these goals, Amir decides to:

• He will save on taxes today and will receive a 100% Company match on these contributions

• Amir wants to save for a down payment and childcare, while allowing his money to earn investment income, tax free
• Amir will benefit from much lower fees than he would from a personal TFSA

Tony joined Johnson & Johnson 11 years ago. He is focused on saving for his children’s education and increasing his retirement income.

To meet these goals, Tony decides to:

• This will boost his monthly retirement income

• This gives Tony more flexibility on how and when to withdraw his retirement savings
• He will receive a 100% Company match on these contributions

• Tony wants to save for his children’s education, while allowing his money to earn investment income, tax free
• Tony will benefit from much lower fees than he would from a personal TFSA

Allison has been with Johnson & Johnson for 17 years. Since she doesn’t own her home, she feels it is even more important to make sure she has enough money saved for retirement.

To meet these goals, Allison decides to:

• This will boost her monthly retirement income

• This gives Allison more flexibility on how and when to withdraw her retirement savings
• She will receive a 100% Company match on these contributions

Sundeep is planning to retire in about 14 years. Before retiring, he wants to save enough to repair the roof and windows of his home.

To meet these goals, Sundeep decides to:

• This will enhance his retirement income and help him save on taxes today
• He will receive a 100% Company match on these contributions

• Sundeep will save for home renovations, while allowing his money to earn investment income, tax free
• He will benefit from much lower fees than he would from a personal TFSA

Aamna is planning to retire early, in the next three to four years. She is focused on boosting her retirement income and minimizing a reduction to her pension.

To meet these goals, Aamna decides to:

• This will boost her monthly retirement income

• She can purchase additional benefits at retirement, such as minimizing her early retirement reduction
• She will receive a 100% Company match on these contributions (paid into her Non-registered account)

Scott is planning to retire within five years. He is savvy with the investment market and enjoys taking a hands-on approach to his retirement savings.

To increase his retirement savings, Scott decides to:

• This gives Scott flexibility on how and when to withdraw his retirement savings and how to invest the money
• He will receive a 100% Company match on these contributions