By Scott Ronalds

Last week we hosted the second webinar in our two-part series on retirement. David Toyne shared the screen with two leading independent financial planners, Karin Mizgala (co-founder of Money Coaches Canada) and Jason Heath (founder of Objective Financial Partners).

The session focused on some of the common questions retirement planners face. Karin and Jason also shared their clients’ top worries and some costly mistakes that can be avoided.

Some of the key takeaways included:

  • The majority of people should be deferring CPP.
  • It can make sense to convert your RRSP to a RRIF before you turn 71 in certain circumstances.
  • Many Canadians have become overly reliant on real estate growth as a key source of retirement funding.
  • Setting aside a spending reserve or ‘cash bucket’ can be a great strategy to consider.

The event was once again popular and we received some good feedback for our next Steadyhand Café topic in the fall (estate planning is the front runner). Until then, sit back and enjoy the hearty discussion on preparing for life after work.

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