14 Smart Things To Do BEFORE You Retire

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Planning software we use: Conquest https://www.conquestplanning.com/en-c...
Cash Reserves/War Chest Vid:    • Retirement War Chest | How Much Shoul...  
CPP & OAS Deepdive Vid:    • KEY Details About Canada's Government...  
How Much Do You Need to Retire Vid:    • 3 Easy Ways to Know How Much You Need...  
Budget planner: https://itools-ioutils.fcac-acfc.gc.c...
Harvard Study: https://www.cnbc.com/2023/03/10/85-ye...
Service Canada: https://www.canada.ca/en/employment-s...
Unlocking LIRAs: https://retirehappy.ca/unlocking-pens...

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Intro (0:00)
1. Save hard (0:14)
2. Smash debt (0:42)
3. Build a war chest (1:41)
4. Cover expenses upfront (2:25)
5. Plan out your time (3:20)
6. Nail down the budget (4:10)
7. Test your budget (5:33)
8. Think through pensions & GRSPs (6:07)
9. Know your public pension plans (8:41)
10. Figure out how much money you'll need (9:38)
11. Build a tax strategy (10:46)
12. Stress-test your plan (11:57)
13. Consolidate RRSPs (13:43)
14. Know your health insurance options (14:42)
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DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.