How Much Do You Need to Retire in Canada? A Simple Step-by-Step Method скачать в хорошем качестве

How Much Do You Need to Retire in Canada? A Simple Step-by-Step Method

How much money do you really need to retire in Canada? There is no universal number that works for everyone, but there is a clear process you can follow to calculate what you personally need. In this video, I explain how to break retirement planning into three parts. First, estimate your retirement spending. Second, determine your reliable income from sources such as CPP, OAS, pensions, and rental income. Third, calculate the retirement income gap that your investment portfolio must cover. I also walk through two examples that show why two couples with the same lifestyle can have very different retirement income gaps. These examples highlight why generic rules of thumb, such as the four percent rule, often fall short unless taxes, investment risk, and personal circumstances are taken into account. I’m Nick Hearne, CFA and CFP, Financial Advisor and Portfolio Manager at RGF Integrated Wealth Management. I help Canadians understand how much they need to retire and how to build a sustainable, tax-efficient income plan. #retirementplanning #canadafinance #personalfinance 📘 Download the Free Retirement Income Planning Toolkit Worksheets, checklists, and step-by-step planning guides: https://www.rgfwealth.com/wp-content/... 📬 How We Help Learn more about our approach: https://www.rgfwealth.com/advisors/ni... Retirement planning process: https://www.rgfwealth.com/advisors/ni... 🔗Connect With Us Facebook:   / nickhearnergf   LinkedIn:   / nickhearne   ⏱ Timestamps ⏱ 0:00 Intro 0:29 Understanding your retirement spending 1:17 Reliable income sources 1:44 Calculating your retirement income gap 2:02 Case study: The Ventures and Crowns 3:03 Why rules of thumb can fall short 3:35 Tax implications 4:00 How to estimate your own retirement number 4:44 Conclusion