Retiring early requires a little extra income planning to make sure you have enough cash flow throughout your retirement. A financial planner can help.
(And when you can start to receive it)
CPP/QPP retirement benefits are generally paid to people age 65 and over who have contributed to the plan. The amount of CPP/QPP you receive depends on when you start receiving it.
OAS is a monthly benefit available to most Canadians age 65 or older. So, if you retire early, you will have to wait to receive this income source in retirement.
There are two types of employer pension plans:
Not sure which you have? Bring in your most recent statement and an RBC Financial Planner will help you figure out what it all means.
Non-registered investments offer flexibility, as you can use these savings however you wish to fund your retirement—whenever you happen to retire.
“The goal wasn’t to retire. The goal was to change our lifestyle at 50. Around our mid-forties, it occurred to us: Is there more?”
Your Guide to Retirement Income Planning
How to create a secure income in retirement.
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