UNDER CONSTRUCTION
Stage 02: Wealth Preservation
Wealth accumulation is the easy part. Retirement and living off your savings is where it gets tricky.
- Stage 02: Wealth Preservation
- Motivation
- Goal
- Considerations
- Retirement Income Sources – Government
- Calculators
- References
- Appendix
Last updated: Sat 22-Aug-2026 afternoon
Motivation
Your financial journey consists of three stages.
| Stage | Name | Description |
|---|---|---|
| 01 | Wealth Accumulation | How do you accumulate wealth through out your earning years. How do you get to the point of financial independence sooner rather than later. This page. |
| 02 | Wealth Preservation | How do you decumulate your wealth after you stop earning. So that your accumulated wealth lasts as long as possible to give you the best life possible. This page. |
| 03 | Wealth Transfer | How do you transfer your wealth to your beneficiaries upon your death in the most efficient manner. |
Goal
- Live off your portfolio
- Stopped working
- Ideally still growing in value but at least enough to see you to death
Considerations
- RRIF
- LIRA
- Pensions
- Monthly / Annual Expenses
- Safe Withdrawal Rate
- Income strategies for non-registered vs. RRSP vs. TFSA
- Dividends vs Three Bucket Strategy
Retirement Income Sources – Government
| CPP - Canadian Pension Plan | OAS - Old Age Security | GST / HST Tax Credits | GIS - Guaranteed Income Supplement | |
|---|---|---|---|---|
| Information | Canada.ca - CPP | Canada.ca - OAS | Canada.ca - GIS | |
| Based On | Employment history | Residency | Avoid poverty | |
| Eligibility | Canada.ca - CPP Eligibility | Canada.ca - OAS Eligibility | Canada.ca - GIS Eligibility | |
| Claw Backed | No | Yes | Yes | Yes |
| Indexed | Yes - quarterly | |||
| Amounts | Canada.ca - CPP Amounts | Canada.ca - OAS Amounts | Canada.ca - GIS Amounts | |
| When to Start? | Globe and Mail Retire Happy |
More Information:
- https://www.canada.ca/en/services/benefits/publicpensions.html
- https://retirehappy.ca/the-differences-between-cpp-and-oas
- https://www.wealthsimple.com/en-ca/learn/rrsp-withholding-tax
- https://www.taxtips.ca/taxrates/on.htm
Calculators
PERC - Personal Enhanced Retirement Calculator
Canada.ca - Canadian Retirement Income Calculator
Engaging Data: Post-Retirement Calculator: Will My Money Survive Early Retirement? Visualizing Longevity Risk
Three Bucket Strategy
References
| Books | Why |
|---|---|
| Adviice | Easy and Powerful Retirement Planning |
| Canada.ca - Canadian Retirement Income Calculator | |
Appendix
Version History
| Date | Notes | |
|---|---|---|
| 01 | Sat 22-Aug-2026 | Moved to its own page |
TODO
- https://goretire.ca/
- https://adviice.ca/
- https://mayretire.com/
- https://www.optiml.ca/