10 Top Retirement Strategies You Need to Know

Incomes - understand your retirement income sources and which ones should be used now and later.

Appropriate, efficient investment plan that works for you - it is not always about changing to no or little risk. Taking some risk, variability is a way to combat inflation.

Tax efficiency in your retirement plan as well as your investments and estate plan.

Accumulation - powerful tax efficient accounts like, TFSAs, cash value life insurance, Spousal RRSP contr., RDSP (reg. disability savings plan) and Henson trust for disabled

De- accumulation - Correct order of withdrawals from various accounts like RRSP or RRIF, TFSA and non-registered accounts, usually RRSP/RRIF first.

CPP/OAS optimization - should you start early or delay and therefore get a higher monthly payment?

Financial planner in your corner - a confidential, competent coach is important for high performance athletes and you deserve a financial coach who you can trust and count on too!

A real retirement plan with projections is so helpful to understand how your long-range financial future will likely look like.

Open communication with spouse, FP, Family, executor (and POA) - as most people know, money conversations are difficult for many people. However, it is important to have open communication for crucial areas of your life like retirement and estate plans.

Cashflow - debt, expenses understanding is important for both wealthy and non-wealthy. What do you really want to spend your money on? Do you want to waste it?

Estate plan - tax efficient, up to date, smooth transition (after your death and/or spouse)

Healthy holistic and healthcare plan - as we age in retirement, often personal health and a great health plan, become increasingly important. However, many Canadians need to priortize their health much sooner.