Personal · Retirement
From saving for retirement to being paid by it
Retirement planning is two problems in one: accumulating enough, then converting savings into dependable income while managing tax, longevity and market risk.
What a retirement conversation covers
Your income picture
Workplace pensions, CPP and OAS timing, registered savings, non-registered assets and any business income.
Drawdown order
Which accounts to draw from first, and how that decision affects lifetime tax and benefit clawbacks.
Longevity
Planning for a long retirement, including guaranteed income options such as annuities where they fit.
Health events
How illness or long-term care needs would be funded, and what insurance already covers.
Market risk
Structuring portfolios so a poor market early in retirement does not derail the plan.
Estate
What is intended for a spouse, children or a charity, and how that is documented.
Retirement income, explained plainly
RRSPs eventually convert to a RRIF with mandatory minimum withdrawals. TFSAs stay tax-free and are flexible. Non-registered accounts are taxed differently again. The order in which you use them changes how much tax you pay over your retirement.
Government benefits add another layer. CPP and OAS can be started at different ages, and higher income can trigger OAS recovery tax. These are decisions worth modelling before you make them, not after.
Your Investco advisor builds a projection using your real numbers, shows the trade-offs between options, and revisits it as tax rules, markets and your plans change.
Model your retirement with an advisor
Bring your statements and your questions. You'll leave with a clearer view of your options.
Projections are illustrations based on assumptions you and your advisor agree on. They are not guarantees of future results. Tax outcomes depend on your personal circumstances; coordinate with your tax professional.