(Canadian) Free online event Planning for Retirement on a Low Income.

I recently received this notification for an upcoming event.  Free is my favourite price!!!


Retirement income planning for individuals and couples who will have a low retirement income is very different from the typical retirement advice you’ll have heard or read about.

As a specialist in retirement income planning I would create a plan for a low income retiree very differently than someone with a pension or fair amount of retirement savings.

Below is the maximum expected amount of retirement income where the retirement planning strategies change. If you expect to have more than these amounts, this email is not applicable to you.

Family Status

Income Limit


$18,600 (individual)

Couple, both getting Old Age Security (OAS)

$24,576 (combined)

Couple, only one partner getting OAS, other partner under 60.

$44,592 (combined)

Couple, one partner getting OAS, other partner is 60-64

$44,592 (combined)

This Wednesday, October 21, 2020 from 6 p.m. to 8 p.m. (Eastern Time) Alexandra Macqueen—my retirement planning colleague and my co-author of our upcoming book The Boomers Retire: A Guide for Financial Advisors and Their Clients—is speaking at a free online event Planning for Retirement on a Low Income.

Along with John Stapleton—the creator of the low retirement income strategies I use in my planning—they will provide a plain language information session about income security programs for seniors in Ontario.

Organized by the Toronto Public Library, the bulk of this presentation will be relevant Canada-wide and not just in Ontario as it will discuss the Canada Pension Plan, Old Age Security, Guaranteed Income Supplement and when and how to use your RRSPs and TFSAs (if you have them). They will also discuss how part-time employment will affect eligibility for these programs.

The CPP Calculator will be a great resource for any of the strategies discussed in John and Alexandra's presentation.

If you or someone you know is expecting to retire with less than the retirement income listed above, this free presentation will be extremely valuable and worthwhile.

David Field
Certified Financial Planner®
Certified Cash Flow Specialist™

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