As we approach the last quarter of 2026, this is a good time to review your RRSP fund choice to ensure that you’re on track with your retirement savings goals. The Cadence Target-Date funds are designed to grow during your working years, and then they become more conservative as you get closer to your retirement to preserve your savings until you are ready to use it as income. For example, if you turn 65 in 2040, you would select the 2040 fund. Since it’s automatically adjusted, saving for retirement is simple and hands-off.
If you’re already invested in a Cadence Target-Date Fund, check to make sure that your target retirement year is matched to the correct Cadence Target-Date Fund. If it isn’t, you may not be getting the full advantage of the way the funds are designed. It’s also important to stick to one fund that best matches your retirement year for this reason also.
It’s easy to choose the fund that’s right for you:
| Birthdate | Fund |
|---|---|
| 1958 to 1962 | Cadence 2025 fund |
| 1963 to 1967 | Cadence 2030 fund |
| 1968 to 1972 | Cadence 2035 fund |
| 1973 to 1977 | Cadence 2040 fund |
| 1978 to 1982 | Cadence 2045 fund |
| 1983 to 1987 | Cadence 2050 fund |
| 1988 to 1992 | Cadence 2055 fund |
| 1993 to 1997 | Cadence 2060 fund |
| 1998 to 2002 | Cadence 2065 fund |
The above list is based on a retirement age of 65. Being realistic about your retirement date means choosing the best fit for you.
To make a change to your Cadence Target-Date Fund, sign in to your group savings plan at mycanadalifeatwork.com. Select Savings > Manage portfolio > Investment instructions to direct future contributions to a new investment option. You can select Fund to fund transfer to transfer existing balances to a new investment choice. You can also change your investment instructions over the phone by contacting Canada Life at 1-833-531-6418 Monday to Friday 8 a.m. to 8 p.m. ET.
Are you satisfied with your investment fund selection? Consider reviewing your tolerance using the updated Investment Personality Questionnaire.
Close to retirement? CEIRP’s dedicated Investment and Retirement Managers can help answer your questions.
Have questions or concerns about your savings plan and path to retirement? Book an online appointment with a health and wealth consultant for personalized savings advice and one-on-one support.
If you have general questions about your CEIRP account, call Canada Life at 1-833-531-6418, weekdays, 8 a.m.- 8 p.m. ET.
