What strategies should I consider when planning my retirement?
1. Assess your financial health: Determine your current income sources and expenses to create a realistic budget for retirement.
2. Learn when to withdraw CPP: Decide when to start your CPP and how to manage your RRIF withdrawals based on your retirement goals.
3. Factor in health care costs: Prepare for rising health care expenses by investing in adequate health insurance and long-term care plans.
4. Invest in real estate: Diversify your portfolio by considering real estate investments to provide additional income streams during retirement.