How to Know If You're Actually On Track for Retirement

You've worked Hard -- But Are You Ready to Retire?

If you're in your last 40s, 60s or early 60s and starting to think seriously about retirement, you're not alone. Many people reach this stage in life and wonder:

• "Have I saved enough?"

• "Will I be able to retire comfortably -- or will I need to keep working?"

• "What if I live longer than expected? Or inflation eats into my money?"

At Wealthy Roots Financial, we specialize in helping pre-retirees in Kamloops answer those exact questions -- with clarity, confidence, and a plan.

What Does "On Track" for Retirement Even Mean?

Here's the truth: there's no magic number.

Being "on track" isn't just about how much is in your RRSP or TFSA. It's about whether your income, expenses, lifestyle, and longevity line up to create a sustainable plan that works for you -- not a formula.

We help you calculate your retirement income based on:

• Your current savings & investments

• Government benefits (CPP, OAS)

• Pension income (if applicable)

• Debt, expenses, inflation, and health care

• The age you want to retire (and if that's realistic)

5 Signs You Might Not Be as On Track as You Think

1. You Don't Know How Much You'll Need Each Month

   Retirement is more than just "not working." You still need income for groceries, travel, home repairs, grandkids, hobbies -- and those sneaky inflation increases.

2. You Haven't Considered Tax-Efficient Withdrawals

   The order in which you draw from your RRSPs, TFSAs, and Non-Registered accounts can make or break your tax bill.

3. You're Counting on CPP/OAS to Fill the Gap

   These benefits are helpful, but for most Canadians, they won't fully fund your retirement lifestyle -- especially with rising costs in Kamloops.

4. You're Unsure If You Should Pay Off Your Mortgage First

   Many pre-retirees ask "Should I invest or become debt-free first?"

   The answer depends on your timeline, risk tolerance, and the type of debt.

5. You Don't Have a Withdrawal Strategy

   Saving is step one. Step two if building a retirement paycheck from your savings -- and that takes thoughtful planning.

What a Retirement Plan Looks Like With Us

At Wealthy Roots Financial, our retirement planning process includes:

• Personalized retirement income projections

• Tax-smart withdrawal strategies

• Pension coordination

• Longevity risk planning

• Inflation-proofing

• Estate and Legacy Planning

• Emotional and Lifestyle readiness support (it's not just about numbers)

You've Saved -- Now Let's Make It Work for You

You've spent your career working hard. Now it's time to make sure that work pays off in the form of a comfortable, stress-free retirement.

We help pre-retirees in Kamloops create realistic, flexible retirement plans so they can leave their careers feeling excited -- not uncertain.