Why Retiring In Canada Is Cheaper Than You Think...

In this episode of the AskTMFG Podcast, Carlo Cansino and John Iaconetti break down why the "$1.7 million to retire" headline number isn't the full story, and what actually determines your real retirement target at age 60. They cover the common mistakes Canadians make, like using a cookie-cutter savings figure instead of working from actual expenses, forgetting that CPP is permanently reduced by roughly 36% if taken at 60 instead of 65, and not accounting for the 5-year gap before Old Age Security kicks in, plus how to draw tax-efficiently from RRSPs/RRIFs, TFSAs, and non-registered accounts alongside CPP, OAS, and any employer pension. They also share a practical rule of thumb: budgeting around 70% of pre-retirement expenses, using the 4% withdrawal rate to keep your portfolio's principal intact, and why some clients choose part-time work in retirement, not just for extra income, but to stay socially connected. 👉 Watch the full episode here: https://youtu.be/SOJf22TZQy8  Question for our listeners: Have you calculated your actual retirement number based on your expenses and income sources, or are you still going off a headline figure like $1.7 million? 👉 Complimentary portfolio analysis: https://tmfg.ca/portfolio-analysis/ Follow us: LinkedIn: The McClelland Financial Group Facebook: https://www.facebook.com/tmfg.ca  Instagram: https://www.instagram.com/themcclellandfinancialgroup_/