How to Calculate Your Retirement Income (EP 36)

Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-startedOne of the most important questions before retirement is simple. How much income will you actually need?In this episode of Retiring Canada, we break down how to estimate your retirement income and what factors can impact that number over time.You will learn how income replacement rates work, why most retirees need less than their pre-retirement income, and the key factors that can increase or decrease your income needs. We also walk through how taxes, savings, debt, and lifestyle choices all play a role in shaping your retirement plan.We also introduce four key principles to help guide a sustainable retirement income plan and explain how income planning connects with your investment and tax strategy.This episode is for pre-retirees and retirees who want a clearer understanding of how much income they need and how to build a plan that will last. WANT EVEN MORE RETIREMENT PLANNING TIPS?Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠https://www.retiringcanada.ca/retirement-newsletterAs a thank you, you'll receive a copy of our latest Retirement Guide AND MORE!EPISODE RESOURCES:📊 Work with Michael: https://fundamentalwealth.ca/get-started💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide✏️ Submit Your Question: https://www.retiringcanada.ca/submit-your-question🌐 Retiring Canada Website: https://www.retiringcanada.ca