Retirement in Sight – Planning your lifestyle transition

Your timeline: 1-3 years away from retirement

With just a few months or years to go, this can be a good time to assess your retirement readiness from a lifestyle perspective. Big changes to your daily life, routines and social network are soon to happen. A bit of preparation can ensure you’re ready, financially and emotionally.

Shifting gears: from accumulating to drawing down

As you approach this milestone, you and your advisor can begin to develop strategies for a new kind of plan: your income withdrawal plan – creating, in essence, your new retirement paycheque.

Use this section to:

  • Think of how you’ll use your time
  • Review future sources of income
  • Consider an income withdrawal plan
  • Prepare to shift investment strategy
  • Use timeline checklists to get organized

 

 


“Be prudent in your plans, but whatever you do today can help you avoid saying ‘I wish I would have ___________ when I had that chance‘ later on.”