RETIREMENT INCOME PLANNING • LONDON, ONTARIO
How much can you spend without running out?
Planning for the years when the paycheque stops.
SEAN STEVENS, CFP®
Being careful has a price.
During your working life, you put money away, invested it, and watched it grow. Progress was easy to track, with few decisions to make from one year to the next.
Things are different when you stop working. Money has to start coming out, and how much you can safely take isn’t obvious. Every decision is connected to the bigger picture.
When the answer isn't clear, people are careful. The trip gets postponed. The renovation waits. Not because the money isn't there, but because nobody has confirmed that it is.
What has to be known.
Three questions sit at the centre of every retirement income plan.
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Where will your income come from?
Pensions, CPP, OAS, and withdrawals from your savings, arriving predictably, like a paycheque.
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How much can you spend?
A sustainable yearly amount, built from everything you have.
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Which account comes first?
The order you draw from your accounts shapes your lifetime tax bill more than almost any other decision.
THE RETIREMENT ADVANTAGE PROCESS
How those questions get answered.
Four defined steps from a first conversation to a written plan.
Step 01
The conversation
Step 02
The full picture
Step 03
The numbers
Step 04
The plan
Before I retired, it felt like I was about to jump off a cliff. After working with Sean, I no longer check my bank account constantly. I know exactly where my next paycheque is coming from.
R.W., RETIRED 2021, LONDON, ONTARIO
Start here.
It begins with a conversation. Everything else follows from there.