Can Ron & Linda retire with a $120,000 lifestyle expense with the OMERS pension plan?

Are you a member of the OMERS Pension Plan? If you work for a municipality, police service, or transit authority in Ontario, your pension is likely your biggest asset. But having a "gold-plated" pension doesn't mean your retirement plan is automatic.

In this deep-dive workshop, Ahmed Mahiyan (CFA, CFP) breaks down the specific math, tax traps, and strategic decisions OMERS members face as they approach retirement.

We cover the "OMERS Cliff" (Bridge Benefit), the Commuted Value debate, and how to avoid the OAS Clawback. Using a real-life case study ("Ron and Linda"), we show you exactly how to integrate your Defined Benefit pension with your CPP, OAS, and personal savings (RRSP/TFSA) to pay the least amount of tax possible.

00:00 Introduction: Meet "Ron & Linda" (OMERS Case Study)
01:56 Disclaimer & Housekeeping
03:09 The Financial Picture: Net Worth & Income Needs
05:27 Top 4 Questions Pre-Retirees Ask
07:35 The 4 Stages of Retirement Planning Framework
08:32 Step 1: Defining Your "Go-Go" vs. "Slow-Go" Spending
11:18 CPP Explained: How much will you actually get?
15:08 The Math: Taking CPP at 60 vs. 65 vs. 70
17:39 OAS Clawback: The "Success Tax" on Retirees
25:20 The Income Gap: Mapping Pension vs. Lifestyle Needs
28:11 Tax Strategy: Income Splitting & Tax Brackets
30:35 Withdrawal Strategy: Which Account to Burn First?
39:45 Investment Risk: The "Sequence of Returns" Danger
47:39 Building the "War Chest": GICs and Cash Wedges
57:46 Estate Planning: Wills & Wealth Transfer
01:00:56 OMERS DEEP DIVE STARTS HERE
01:04:58 How the OMERS Defined Benefit Plan Works?
01:08:39 Your Contribution Rates & The "YMPE"
01:10:59 The Formula: How Your Pension is Calculated?
01:14:48 The "Bridge Benefit": Why Your Income Drops at 65?
01:19:15 Early Retirement: The "90 Factor" & Penalties
01:21:54 AVCs (Additional Voluntary Contributions): Are they worth it?
01:23:44 The Big Decision: Commuted Value (Lump Sum) vs. Pension
01:27:41 Survivor Benefits: Protecting Your Spouse
01:28:54 Pension Buybacks: Buying Past Service
01:30:20 Summary: Key Dates & Next Steps

👇 IN THIS VIDEO, YOU WILL LEARN:
✅ The "Age 65 Cliff": Why your OMERS income drops at 65 and why you do not have to trigger CPP immediately to fill the gap.
✅ Commuted Value vs. Monthly Pension: The math behind taking the lump sum vs. the guaranteed income for life.
✅ OAS Clawback Strategy: How a generous pension can accidentally trigger a 15% clawback tax on your Old Age Security (and how to fix it).
✅ The "Decumulation" Order: Which account should you spend first? (RRSP vs. Non-Registered vs. TFSA).
✅ Survivor Benefits: Should you take the 100% survivor option or the standard 66%?

📅 BOOK A STRATEGY SESSION: Want to run these numbers for your specific situation? 👉 [Insert Your Calendly Link Here]

CONNECT WITH AHMED:
Website: https://firefinancialinc.com/
LinkedIn: www.linkedin.com/in/ahmedmahiyan

Disclaimer: This video is for educational purposes only and does not constitute financial, tax, or legal advice. Please consult with a professional before making any decisions.

#OMERS #RetirementPlanning #CanadaPension #FinancialLiteracy #FireFinancial #CFA #CFP #OAS #CommutedValue #MunicipalEmployees