We spend a lot of time planning or retirement. But how should we spend our pensions once we actually retire? This video explains my drawdown strategy.


⌚Video Chapters:
0:00 Intro to retirement drawdown strategies.
0:41 Why you may want to delay government benefits.
2:00 What a drawdown strategy could look like.
4:24 Converting an RRSP into a RRIF.
5:01 The advantages of having a taxable account.
5:55 What is a manageable safe withdrawal rate?
7:34 Sharing my own retirement drawdown plan.
10:28 Why I have decided to take CPP benefits early.
12:36 How to know when you should receive CPP benefits.
14:51 How small adjustments lead to a huge changes in outcomes.
17:05 Five key lessons to take away from this video.

❕Mark's site, Cashflows and Portfolios❕
Excellent resources to help you learn more about retirement planning and drawdown strategies.
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📜Sources:
Interactive CPP benefits tool
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#withdrawalstrategy #retirementplanning #pensiondrawdown

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