A New Way to Optimize Your Retirement Withdrawals

Hey everyone! Let’s help Jennifer Aniston! (Not That One)

In this ever-evolving world of finance, it means Canadian retirees have to put every effort they can into making their retirement income tax-efficient. With the Canadian Pension Plan (CPP), Old Age Security (OAS), and a number of other investment accounts, one has to ponder the withdrawal sequence and timing.At K4 we wonder what if you can take your retirement planning to the next level with comprehensive software designed to guide you through all the complexities of the many retirement income strategies. Well, it’s here, and it’s amazing stuff, and as much ego as we planners might have in it, I think it would be pretty obvious robots would be good at math…

Check out the video. (Not the) Darling of TV/Film Jennifer’s case presents the strategic asset withdrawal and timing issues attached to CPP and OAS benefits. We see the significance of choosing the right time to take CPP and OAS benefits and how a tax-efficient withdrawal strategy can preserve your savings for longer.

There can be no one-size-fits-all to retirement planning. The problems and goals of each of the retirees are different, and, accordingly, this variation should vary with the approach. Because the software is so specific, every 3 months could yield a varied result! With technology and strategic planning, retirees can successfully maximize their retirement savings potential and make for a comfortable, secure life in retirement. If you want to navigate through the complexity of retirement planning and finally make some decisions from an informed basis about your financial future, you’re a K4 kinda person!