Five-Year Countdown: A Practical Canadian Retirement Checklist
TL;DR Summary
As retirement nears (five years or less), Canadians should upgrade their strategy: map a sustainable income mix (CPP, OAS, pensions, RRSP/TFSA), consider timing CPP withdrawals, build a 1–3 year cash buffer to guard against sequence-of-returns risk, plan RRSP withdrawals to optimize taxes (potentially shifting to TFSA), and separate needs from wants so guaranteed income covers essentials while investments fund discretionary goals.
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- These Are the Most Critical Moves to Make in the 5 to 10 Years Before You Hang Up Your Hat Kiplinger
- Have Giovanni, 41, and Tiyana, 37, underestimated spending and jeopardized their retirement plan? The Globe and Mail
- 5 Things to Do Now to Retire in One Year or Less Morningstar
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