When you think of retirement, do you start to think of spending more time in warmer places, downsizing your home, selling the business or moving closer to your children?
For many it will also mean, thinking about other important questions. How much can I spend ? Will my money last? When should I start taking CPP ? How will my RSPs be taxed ? How do I withdraw money out of my investments?
When you consider your own personal situation, there can be no “one size fits all” retirement strategy. There are often many personal, family and sometimes business factors that will need to be addressed when planning out your retirement.