How Much Cash Should a Canadian Retiree Actually Keep?

#canadianretirement #retirementplanning #canadianfinance How much cash should a Canadian retiree actually keep on hand? In this video, I break down the exact number, not in vague terms, but in years of spending, using current Bank of Canada rates, HISA and GIC yields, and CDIC coverage rules. Most retirees size their cash wedge completely wrong. They calculate it off their total monthly spending instead of their real net withdrawal need, and end up either building nothing or bleeding money to cash drag. This forecast walks you through the exact worked example, where to park each layer so it still earns, and the two warning signs you're hoarding too much. Timestamps: 0:00 The storm every retiree faces 0:50 Why most people size wrong 1:07 Sizing on net withdrawal need 2:11 Worked example with real numbers 3:12 One to three year range 4:00 Where to park your cash 7:14 Managing the wedge over time 8:35 Can you hold too much 11:30 Roof and furnace fund 12:44 Your forecast summary card Legal Disclaimer: The content in this video is for general informational and educational purposes only. It does not constitute financial, tax, or investment advice. 💬 Creator's Note: Each video on this channel takes a lot of time to write, narrate, and animate with care. Yes, I use AI tools to help with voiceovers and visuals, but every message, script, and idea is crafted with intention and love, so you can understand money clearly and feel empowered to change your life. Thank you for being part of this project. 💛 #canadianretirement #retirementplanning #canadianfinance #cashwedge #GIC #TFSA #CPP #OAS