How To Design Your Retirement Income: An Overview (Canadian Financial Summit 2023)

Unconventional Wisdom

With the Canadian Financial Summit coming up at the end of October, I wanted to share over the next few weeks content that Summit attendees had access to last year.

When you register you get access to talks like these, plus a myriad of other speakers who are some of Canada’s top financial experts.

I’ll be promoting the Summit and giving away free tickets too!

//

When it comes to retirement, it’s crucial to get the big picture right before diving into the details.

Setting up your retirement income involves more than just ticking boxes; it requires a strategic approach to ensure you’re financially secure throughout your retirement years.

In this podcast episode, Barry Choi interviewed me about designing your retirement income effectively.

You’ll learn:

• What are the 4 steps to design your retirement income?
• What’s Important about Money to You?
• How do you know when you have reached “Financial Independence”?
• What is “Your Number”?
• What are the key concepts to understand retirement income?
• How much can you reliably withdraw from your investments for life?
• What are the 3 retirement income design strategies? How do you decide which is best for you?
• How do you design your retirement income? How much from which source?
• Overview or when to start pensions, RRIF, CPP, OAS & other investments.
• Should you defer or commute your pension?
• Should you worry about high tax on your estate?