Maintaining your standard of living after retirement can be a challenge. Here are some tips to help you make your dreams come true and have a great retirement.
Most Canadians retire around their 64th birthday. With good planning, you too can enjoy this new adventure to the fullest.
When you retire, you’ll be relying on your investment income, your Old Age Security (OAS) pension from the federal government and your employer’s private retirement plan. Annuities are another great way to make sure you have a stable and secure source of income. You can opt for income splitting with your spouse, which could be beneficial depending on your situation.