6 Things Retirees Wish They'd Fixed Before Turning 70

Whether you're coming up on retirement, just newly retired, or almost approaching age 70, the quiet stretch before CPP, OAS, and RRIF income start stacking can be more consequential than it looks. In this video, I cover 6 things retirees wished they fixed before hitting age 70. This video is for you if you're trying to judge whether the default path still makes sense for RRSP-to-RRIF conversion timing, RRIF minimum withdrawals, CPP and OAS decisions, spouse coordination, and future OAS clawback are all part of your retirement picture. Intro 0:00 The Pre-70 Window 2:38 CPP on Autopilot 4:42 Leaving the RRSP Untouched Too Long 6:37 Spending Set Too Casually 9:20 One Spouse at a Time 11:18 Taxes, OAS, and Estate Cleanup Left for Later 13:14 Recap 16:09 _________________________ 🗓️ Book a call to discuss your Retirement Income Strategy: https://www.fergusonfinancialplanning... 📩 Get insights right to your inbox: https://www.fergusonfinancialplanning... _________________________ Sources: Canada Pension Plan – payment amounts: https://www.canada.ca/en/services/ben... Canada Pension Plan – when to start your pension: https://www.canada.ca/en/services/ben... Old Age Security pension recovery tax (clawback): https://www.canada.ca/en/services/ben... Minimum amount from a RRIF: https://www.canada.ca/en/revenue-agen... RRSP options when you turn 71: https://www.canada.ca/en/revenue-agen... _________________________ Jacqueline Ozdemir is a Financial Advisor at CI Assante Wealth Management Ltd. CI Assante Wealth Management Ltd. is a Member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization. Insurance products and services are provided through Assante Estate and Insurance Services Inc. This material is provided for general information and should not be considered individual investment, tax, accounting, or legal advice, or construed as an offer or solicitation to buy or sell securities. The statements and opinions expressed are those of the presenter(s) and not necessarily those of CI Assante Wealth Management Ltd. All opinions expressed and information provided herein are subject to change without notice. Every effort has been made to compile this material from reliable sources as at the date indicated however, no warranty can be made as to its accuracy or completeness Market conditions may change which may impact the information contained herein. All charts and illustrations in this document are for illustrative purposes only and they are not intended to predict or project investment results. In considering any particular investment or investment strategy, please remember that past performance is no guarantee of future performance. We caution you not to place undue reliance on any statements that are predictive in nature, depend upon or refer to future events or conditions, as a number of factors could cause actual events or results to differ materially from those expressed in any forward-looking statement, including economic, political and market changes and other developments. The information contained herein may not apply to all types of investors. Before acting on the information presented, please seek professional financial advice based on your personal circumstances.