10 Retirement Myths From Canada You May Not Want to Believe

Steve Willems sat down to go through the 10 Retirement Myths he hears most when helping Canadians plan for their retirement. We compare and contrast retirement choices in Canada with those in the United States and go through general concepts of what most retirees actually experience.

Connect with Steve here:

https://willemswealthplanning.ca/

Steve's YouTube Channel:

https://www.youtube.com/@willemswealth

Some related videos from Steve:

https://youtu.be/IM8F8GGsUF0?si=IPv0lWysAy78l5Va

https://www.youtube.com/watch?v=6O2gvSF1o2M

https://www.youtube.com/watch?v=iXgZ_7Cmchs

Sources:

Retiree Expectations vs Reality

https://www.transamericainstitute.org/docs/library/research/life-in-retirement-preretirees-expectations-retiree-realities-report-september-2023.pdf?sfvrsn=58f037dc_11

Retirement spending smile concept from JP Morgan Guide to Retirement:

https://am.jpmorgan.com/us/en/asset-management/institutional/insights/retirement-insights/guide-to-retirement/?slideId=guide-to-retirement-spending/gtr-spendpartfull

Other reference material about the retirement spending smile:https://www.financialplanningassociation.org/sites/default/files/2020-09/MAY14%20JFP%20Blanchett_0.pdf

4 Phases of Retirement by Riley Moynes - TEDx Talk - https://www.youtube.com/watch?v=DMHMOQ_054U4

Phases of Retirement Book:

https://amzn.to/3Ew7ecp

Warren Buffet Letter:

https://www.berkshirehathaway.com/news/nov2524.pdf

Carl Richards Quote:

https://behaviorgap.com/perfect-today-less-wrong-tomorrow/An awesome article on the "concept of enough" - https://moretothat.com/the-many-worlds-of-enough/

Life expectancy when CPP was launched in Canada in 1966: 71.8 years old - https://www.macrotrends.net/global-metrics/countries/CAN/canada/life-expectancy

Check out our resources at https://TheRetirementNerds.com/

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Erik@TheRetirementNerds.com

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⏰ TIME CODES ⏰

0:00 Preview

0:44 Intro

2:45 Myth #1

6:23 Myth #2

10:10 Myth #3

14:32 Myth #4

19:34 Myth #5

27:48 Myth #6

32:50 Myth #7

38:11 Myth #8

43:06 Myth #9

48:26 Myth #10

53:28

#retirement #canadavsusa #financialplanning #finance

Federal Disclaimer:

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.