It’s Always A Balancing Act…Saving, Investing And Spending In Retirement

When you retire from full-time work, whether as an employee or running your own business, you will face one of the most significant transitions in your lifetime. The road ahead becomes a balancing act, in which you must fund your desired lifestyle from a combination of your savings, investments and pensions. At the same time, you may wish to preserve some of your wealth to allocate to passion projects, personally important causes and future generations.

Here we highlight tips to help you ensure that your wealth allocations in retirement are balanced and sustainable. We also provide a bonus example to showcase how a shift in retirement investments does not have to come at the expense of wealth accumulation.

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Saving Too Much For Retirement Is More Common Than You May Think

It is unlikely that you would ever regret saving too much, but did you know that it is possible to over-allocate to your retirement savings at the expense of your larger financial picture, and to even unknowingly cause tax inefficiencies?

Retirement saving, much like any other aspect of financial planning, is about finding a balance in managing scarce resources to optimize all outcomes and avoid short-changing yourself. This article helps you re-evaluate your retirement savings and see if you are creating a tax trap for yourself in Canada.

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How To Create Steady Cash Flow For Financial Independence In Retirement And Beyond

Between managing expenses, keeping tabs on income, and being mindful of liquidity, our retirement years can feel like a complex juggling act. Read this article to understand how to preserve and sustain a desirable cash flow in your golden years through calculating what you keep based on current tax legislation, and how you can start improving your cash flow so that you can start experiencing the freedoms that come with financial independence.

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