Retirement Strategies

Mistake #7 alone—paying 2% in investment fees instead of 0.

You've learned the pieces—CPP, OAS, RRSPs, TFSAs, withdrawal strategies, estate planning.

Your family will inherit more than money — they'll inherit your values, your stories, and 247 online accounts they don't know the passwords to.

When you die, the CRA treats you as if you sold every investment you own.

If you die without a will in Ontario, your spouse may not inherit everything — even if you've been married for 30 years.

The happiest retirees aren't the wealthiest — they're the ones with the strongest sense of purpose.

Selling a $700,000 home and buying a $450,000 condo should free up $250,000 — right? After commissions, land transfer tax, legal fees, and moving costs, you'll net closer to $185,000.

One in three Canadians over 65 will need long-term care — and a private room in a nursing facility can cost over $8,000/month.

Provincial health insurance covers doctor visits and hospital stays — but it won't pay for the $4,800/year in prescription drugs, $2,000 in dental work, or the $200,000 medical emergency in Florida.

A 30% market crash in your first year of retirement can permanently destroy your portfolio — even if markets fully recover the next year.

Drawing from the wrong account in the wrong year can cost a Canadian retiree over $100,000 in unnecessary taxes over a 25-year retirement.

Optimize your Canadian retirement strategy.

Optimize your Canadian retirement strategy.

Your employer offers you a $54,000-per-year pension for life OR a $780,000 lump sum.

For every dollar above $90,997 in net income, the government takes back 15 cents of your OAS — on top of your regular income tax.

Taking CPP at 60 instead of 70 costs you $1,064 per month — forever.

A 30-year-old saving $400/month retires with $714,000.

The average Canadian couple will spend approximately $1.