10 Retirement Myths From Canada You May Not Want to Believe

Steve Willems sat down to go through the 10 Retirement Myths he hears most when helping Canadians plan for their retirement. We compare and contrast retirement choices in Canada with those in the United States and go through general concepts of what most retirees actually experience. Connect with Steve here:https://willemswealthplanning.ca/Steve's YouTube Channel:https://www.youtube.com/@willemswealthSome related videos from Steve:https://youtu.be/IM8F8GGsUF0?si=IPv0lWysAy78l5Va https://www.youtube.com/watch?v=6O2gvSF1o2Mhttps://www.youtube.com/watch?v=iXgZ_7CmchsSources:Retiree Expectations vs Realityhttps://www.transamericainstitute.org/docs/library/research/life-in-retirement-preretirees-expectations-retiree-realities-report-september-2023.pdf?sfvrsn=58f037dc_11Retirement spending smile concept from JP Morgan Guide to Retirement:https://am.jpmorgan.com/us/en/asset-management/institutional/insights/retirement-insights/guide-to-retirement/?slideId=guide-to-retirement-spending/gtr-spendpartfullOther reference material about the retirement spending smile:https://www.financialplanningassociation.org/sites/default/files/2020-09/MAY14%20JFP%20Blanchett_0.pdf4 Phases of Retirement by Riley Moynes - TEDx Talk - https://www.youtube.com/watch?v=DMHMOQ_054U4 Phases of Retirement Book:https://amzn.to/3Ew7ecpWarren Buffet Letter:https://www.berkshirehathaway.com/news/nov2524.pdfCarl Richards Quote:https://behaviorgap.com/perfect-today-less-wrong-tomorrow/An awesome article on the "concept of enough" - https://moretothat.com/the-many-worlds-of-enough/Life expectancy when CPP was launched in Canada in 1966: 71.8 years old - https://www.macrotrends.net/global-metrics/countries/CAN/canada/life-expectancyCheck out our resources at https://TheRetirementNerds.com/=============================Send me a [email protected]==========================================================Be Sure to Subscribe to our Channel!YouTube: @theretirementnerds ============================================================Join our newsletter for monthly tips, book recommendations, and personal stories!https://theretirementnerds.com/newsletter/============================================================⏰ TIME CODES ⏰0:00 Preview0:44 Intro2:45 Myth #1 6:23 Myth #2 10:10 Myth #3 14:32 Myth #4 19:34 Myth #5 27:48 Myth #6 32:50 Myth #7 38:11 Myth #8 43:06 Myth #9 48:26 Myth #10 53:28 #retirement #canadavsusa #financialplanning #financeFederal Disclaimer:We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.