How Much Money Do You Need to Retire in Canada? | Retirement Planning Tips

How Much Do You Need to Save for Retirement in Canada: Factors To Consider In this video, we talk about retirement planning for Canadians. This is video 1 of 30 for our 2021 Money School Series. For the month of September, we will release a video every single day diving into the money lesson, you wish you learned from school. Figuring out just how much you need to retire is a series of complex calculations, assumptions and data gathering but at the heart of all that are simple factors and here's the good news... You Can Control a Majority of Them. Here's what we go over. 0:00 Start: How Much Do You Need to Save for Retirement in Canada: Factors To Consider For Canadian Retirees! 0:40 Why I used the retirement planning question as to the anchor to the series and how it ties into the other areas of personal finance. 1:30 What are the main factors that impact retirement plans for Canadians. 3:01 How do you estimate your lifestyle spending in retirement even if you are 20 years away. 5:35 What are the most common sources of retirement income Canadians can expect? 6:05 Basics of Government Pensions- Canada Pension Plan and OAS 6:40 Can Canadians use the 4% rule to estimate how much they need to retire? 7:45 The issue with the 4% rule when creating a retirement plan. 9:20 Inflation and Retirement, how will inflation affect your investment and savings plans? 11:25 How does retirement age affect how much you need to save for retirement and how it impacts government pensions like OAS and CPP 12:10 Deciding when to retire 13:00 Can you take the OAS and CPP early? 13:40 How will your investment returns and your portfolios impact retirement? 14:40 Should I keep my investments in only save and conservative assets in retirement? 15:10 What what kind of returns is reasonable for retirement? 16:00 Should I invest in income assets only once I retire? Can I withdraw from my capital in retirement? 17:30 How will my estate affect my retirement plan? If you're interested in #investing #personalfinance #retirement consider subscribing. DISCLAIMER** HervinPesa.com Hervin Pesa is a Practicing Fee-Based Financial Planner from Calgary AB, Canada. If you are from Canada and would like a second opinion on your financial plan, you can contact us at https://www.hervinpesa.com/ This video is produced for entertainment and educational purposes only. No part of this video should be considered as personalized financial, investment, legal or tax advice. Consult your financial advisor. Hervin Pesa and Aware Financial Inc. cannot be held liable if you act on any information here without consulting your own financial advisor. Hervin Pesa reserves the right to change any of his opinions in this video and does not reflect anyone's opinions except for his and his alone. _______________________________________________________________ ___________________________________________________________ If you want to book a consulting call just send me a message or visit hervinpesa.com

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