Planning your retirement income isn’t just about how much you’ve saved—it’s about how you use it. In this episode of The Canadian Retirement Roadmap Podcast, financial planner Patrick Briscoe breaks down how to create a well-structured retirement paycheque that ensures financial stability while minimizing taxes.

Learn about the various income sources available in retirement, their tax implications, and strategies to optimize cash flow for a stress-free future. Whether you’re just starting to plan or are already retired, this episode will equip you with the knowledge to build a retirement paycheque that works for you.

Key Takeaways:

Retirement income comes from multiple sources, including pensions, RRSPs, TFSAs, and non-registered accounts, each with different tax treatments.

Strategic withdrawal planning can reduce taxes and extend the longevity of your savings, helping you avoid unnecessary government clawbacks.

A personalized retirement paycheque ensures stability, covering monthly expenses while maintaining flexibility for unexpected costs and future financial goals.

If you’re interested in learning about how you can create a retirement paycheque for your retirement plan, reach out to Patrick and his team at http://bayswaterwealth.ca 

Learn more about Patrick and the podcast at http://bayswaterwealth.ca/podcast