Part 2 of a 7-part series on retirement income in Canada The Canada Pension Plan and Old Age Security occupy a strange position in retirement planning. They are more substantial than most people realize, and yet for the people I work with they are one part of a much larger picture, and how large a part varies widely from one retirement to the next. What makes them important is not their size. It is that they are the only part of the picture that is guaranteed, indexed to infl

Part 1 of a 7-part series on retirement income in Canada For thirty or forty years the rules regarding money were simple: you earned your income, saved as much as you could, and each dollar went in one direction, into your accounts. Advancement meant seeing the balance rise, and each statement proved that you were doing things correctly. Then the cheque stops coming, and the plan asks you to reverse a habit built over an entire working life: to take money out, on purpose, mon