Parallel Wealth

Why delay CPP but not OAS?

Sometimes it’s less about the math and more about behaviour. If you’re going to take one early, OAS may be the better choice.

Learn why on this week’s episode of Retirement Unpacked, out now.

Some of the most important retirement planning conversations aren’t about investments.

They’re about setting expectations with your spouse, your kids, your aging parents, or even your employer.

Retirement can require some uncomfortable conversations, but having them early can make the transition a lot smoother.

There’s no minimum RRSP balance required for a drawdown strategy.

The bigger question is how your RRSP, CPP, taxes, and other income sources work together.

More on this week’s episode of Retirement Unpacked.

One of the biggest retirement risks isn’t always running out of money.

Sometimes it’s being so cautious that you never use the money you worked so hard to save.

Being financially ready to retire is one thing.

Being ready to leave behind the purpose, routine, and identity that came with work is another.

If work disappeared tomorrow, what would you be retiring to?

What about retirement keeps you up at night?

Considering these things during the planning process can help you to run stress tests and give you peace of mind as you head into retirement.

Need some guidance with your plan? Check out our website for how we can help!

Your paycheque doesn’t have to disappear when you retire.

Set up regular withdrawals from your retirement accounts so income continues to hit your bank account on a predictable schedule.

Still working full time and wondering whether you should start CPP and OAS?

Gord and Michael dive into this question, the tax impact, and when delaying benefits may make more sense in this week’s new episode of the podcast, out now.

A large RRIF can create a significant tax bill at death. A thoughtful drawdown strategy can help you enjoy more of your money during retirement while also improving the tax efficiency of your estate.