Topic
In Money
Money • Retirement
Canadians can start CPP at 60, 65 or 70, with a permanent reduction for starting early and a larger monthly payment for delaying. Using a hypothetical $1,000 monthly pension at 65, this guide shows why waiting until 70 can mean forgoing $60,000 in earlier payments and explores break-even timing, taxes, GIS and personal retirement needs.
Money
Two retirees can start with the same $1 million, withdraw the same amount and earn the same average returns, yet end up with dramatically different balances. This article explains sequence-of-returns risk: why market losses early in retirement can be especially damaging, how withdrawals magnify the effect and why smooth average-return projections can miss a critical retirement-planning risk.
Money
An RRSP meltdown involves deliberately withdrawing registered savings during lower-income retirement years rather than leaving everything invested until mandatory RRIF withdrawals begin. Using David’s hypothetical $900,000 RRSP, this article explains how the approach may smooth taxable income, reduce future RRIF balances and potentially limit OAS recovery tax exposure—while outlining significant trade-offs and planning considerations.
Money
Many Canadians believe retirement requires $1.7 million in savings, but financial planners say that figure can be misleading. Your actual target depends on lifestyle, location, pensions, and government benefits.
