3 Reasons Why Working With a Financial Planner in Your 60s Can Save You Thousands

Your 60s are a major financial turning point -- retirement is on the horizon, your savings are at their peak, and every decision you make now can have a big impact on how comfortably you live later.

Whether you're a few years from retirement or already semi-retired, partnering with a Kamloops Financial Planner can help you make the most of what you've built -- and avoid costly mistakes that could drain your savings.

Here's how:

1. Tax Efficient Withdrawal Planning

Many retirees assume withdrawing from their RRSP or RRIF is simple -- but the order and timing of withdrawals matter a lot. A retirement planner in Kamloops can help you draw income in a way that minimizes taxes, avoids OAS clawback, and make the most of your TFSA and Non-Registered accounts.

2. CPP & OAS Optimization

When should you start your Canada Pension Plan (CPP) and Old Age Security (OAS)? The answer depends on your income needs, health, and other assets. A planner can model out different scenarios to find the sweet spot -- whether that means starting early for cash flow or deferring for a higher lifelong benefit.

3. Investment Strategy That Matches Your Life Stag

In your 60s, protecting what you've earned is just as important as growth. A Kamloops Financial Planner can help you build a balanced portfolio that keeps your money growing, but with less risk and more predictability.

That means, steadier returns and less stress during market swings -- exactly what you need when your income depends on your portfolio.

Working with a Certified Financial Planner in Kamloops in your 60s isn't about overhauling everything -- it's about fine-tuning what you already have. Those small adjustments, when done strategically, can add up to big savings and a smoother, more confident retirement.

If you're wondering whether your plan is truly optimized, this is the perfect time to get a second opinion.