Plan the next chapter
Retire
Retirement is an income-planning question, not just a savings target. See how the pieces may work together over time.
Questions this pathway can help with
- How much could my savings grow?
- When should I consider CPP and OAS?
- How do TFSA and RRSP withdrawals differ?
Open a topic to learn what it means, what to compare, and which questions to ask next.
01Retirement projectionEstimate what current savings and ongoing contributions could become.
What to understand
- List current savings, future contributions, workplace pensions, expected public benefits, and other dependable income sources.
- Use a range of assumptions for returns, inflation, retirement age, spending, and longevity instead of relying on one result.
- A projection is a planning snapshot. Revisit it when your income, savings, family needs, or retirement date changes.
02Income sourcesUnderstand the distinct roles of personal savings, workplace plans, CPP, and OAS.
What to understand
- Retirement income may combine public pensions, workplace pensions or benefits, and personal savings or investments.
- CPP depends on your contributions, earnings history, and when you begin. OAS eligibility is based mainly on age and Canadian residence history.
- The timing of each source changes cash flow and may affect taxes or income-tested benefits, so view the sources together.
03Withdrawal planningLearn why taxes, inflation, and account sequencing matter after work ends.
What to understand
- TFSA withdrawals are generally tax-free; RRSP and RRIF withdrawals are generally taxable income.
- The order and size of withdrawals can affect annual taxes, future account balances, and some income-tested benefits.
- Keep enough accessible money for near-term spending while allowing longer-term assets to remain invested at a suitable risk level.
What Horizon offers
A retirement-readiness conversation with the pieces in one place
We can help you organize your expected income sources, savings, timing questions, and planning assumptions so the next decision is easier to see.
What you receive
- A map of your CPP, OAS, workplace pension, and personal savings sources
- Educational projections using clearly stated ranges and assumptions
- A list of income, tax, timing, and withdrawal questions that need professional review
- A practical action checklist and referrals where specialized advice is required
Projections are educational estimates, not guarantees. Tax, investment, and retirement-income recommendations should be confirmed with appropriately qualified professionals.
Request a retirement reviewWant help with your next step?
Send me a message, and let’s take 15 minutes to talk it through.
— Anand, Horizon Wealth Builders Canada