Retirement Planning

You have worked hard and saved diligently and now you are in the decumulation stage of your life. How do you drawdown your assets in a way that extends the life of your portfolio, defers taxes, factors in government benefits, and meets your estate goals? A retirement plan will address these issues and more.

Here are some the questions that we answer in a retirement plan:

  • How much money can I withdraw each month in order for my portfolio to last me until age X?
  • Which account(s) should I withdraw from?
  • How much will I receive from CPP, OAS and GIS plans?
  • How can I avoid a clawback of my government benefits?
  • What is my RRIF and/or LIF prescribed minimum amount?
  • Which pension option should I opt for (joint vs. single life)?
  • How do I factor in rate of return, inflation, and my tax bracket in the drawdown calculation?
  • What if I decide to downsize my home later in retirement?
  • How do I preserve my assets for my spouse and estate?

For more information, or if you have any questions, please feel free to contact You First Financial.

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