61% Not Ready To Retire...Here's Why You're Different

In this episode of the Ask TMFG Podcast, Carlo Cansino and John Iaconetti unpack a striking statistic: 61% of Canadians worry about running out of money in retirement! They explain why this anxiety isn’t always driven by a lack of savings, but by a lack of understanding, planning, and financial literacy, and why viewers of this episode may already be in a very different position. Using a Canadian-specific lens, they explore how rising retirement “magic numbers” (from $700,000 to $900,000 and beyond) fuel anxiety without providing clarity. The conversation highlights how focusing solely on a savings target misses the bigger picture, especially when inflation, housing costs, and longevity continue to shift the goalposts. They dive into the role of CPP and government benefits, showing how guaranteed, inflation-adjusted income, when coordinated with personal savings and smart withdrawal strategies, can dramatically improve retirement clarity. This episode's key takeaway is that retirement confidence comes from knowledge, planning, and ongoing financial literacy, not from chasing an arbitrary number. 👉 Watch the full video episode on YouTube to see how these strategies come together and why they separate confident retirees from the anxious majority. Question for our listeners: Are you focused on hitting a retirement number, or do you understand how your income sources, benefits, and withdrawals actually work together? If you’d like help building your own retirement confidence plan, we’re offering a free portfolio analysis 👉 https://tmfg.ca/portfolio-analysis/ Follow us on our social channels: LinkedIn: The McClelland Financial Group Facebook: https://www.facebook.com/tmfg.ca Instagram: https://www.instagram.com/themcclellandfinancialgroup_