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I remember people used to say, you need $1,000,000 to retire.

Well, the reality is things have changed; and as you may know, there’s a lot of different types of pensions that exist.

Now you’re going to be drawing down an income from the pot of assets that you’ve accumulated that needs to be done in the most tax efficient way possible.

This needs to be done in a way where you want to enjoy and spend money, but also gives you the peace of mind that you will not outlive your financial resources.
I remember people used to say, you need $1,000,000 to retire. Well, the reality is things have changed; and as you may know, there’s a lot of different types of pensions that exist. Now you’re going to be drawing down an income from the pot of assets that you’ve accumulated that needs to be done in the most tax efficient way possible. This needs to be done in a way where you want to enjoy and spend money, but also gives you the peace of mind that you will not outlive your financial resources. read more read less

4 years ago #age, #at, #beneficiaries, #cpp, #estate, #income, #old, #pension, #planning, #retire, #retirees, #retirement, #security