Top 5 Things you Need to Know Before Retiring in Kamloops

1. You Need a Withdrawal Plan -- Not Just a Nest Egg

   Saving is just step one. The real strategy starts when you need to turn those savings into a reliable monthly income. Should you draw from your RRSP first? What about your TFSA? Should you delay CPP? We help you optimize your withdrawal order to make your money last longer and minimize taxes.

2. CPP & OAS Might Not Be Enough

   Canada Pension Plan (CPP) and Old Age Security (OAS) provide helpful income -- but for most people, it's not enough to maintain their lifestyle. A solid retirement plan fills in those gaps with smart investments and guaranteed income options.

3. Tax Planning Matters More Than Ever

   Many retirees pay more in taxes than they expect. Strategic income splitting, RRIF conversion timing, and TFSA withdrawals can reduce your tax bill and keep more money in your pocket.

4. Healthcare and Long-Term Costs Are Often Overlooked

   Even in Canada, healthcare in retirement isn't free. Dental, vision, prescriptions, home care, and assisted living all add up. We make sure these potential costs are factored into your plan.

5. You Still Need Growth -- Even in Retirement

   Just because you're retiring doesn't mean your investments should too. With people living well into their 90s, your portfolio needs to last decades. A well-balanced plan includes both safety and growth.

When Should You Start Planning?

Ideally? At least 5-10 years before you retire. That's when we can really fine-tune things like:

• How much you actually need to retire comfortably

• Whether your current savings/investments are on track

• If you can retire early

• How to make sure you don't outlive your money

But even if retirement is closer than that, it's never too late to get clarity.

What a Kamloops Retirement Plan Looks Like with Wealthy Roots Financial

When you work with us, you're not getting a cookie-cutter retirement projection. You're getting:

• A clear picture of what retirement looks like for you

• A personalized income & investment strategy

• Guidance on government benefits, taxes, and timing

• A local financial partner who truly cares about your success

Ready to Retire Confidently?

Whether you're planning to travel, volunteer, downsize, or finally relax with that morning coffee on your deck -- you deserve a retirement that feels good and makes financial sense.