@calmmoneycoach: Am I okay? Where do I draw from? What could break it? And what happens if one of us dies? I took one couple and answered all 4 on a real plan. Anne's 60 and the breadwinner, Rob's 58, Ontario, both stopping at 63. $1.26 million saved, no work pensions, $85,000 a year to spend. Are they okay? CPP and OAS cover about half their spending once both are on. The heavy years are 63 to 66, before the pensions arrive, about $224,000 out of savings. After that they're roughly fully funded. Where do they draw from? I ran 14 orders. They spend the same in 13 of them, and what's left at the end is about $500,000 apart. The winner uses the cheap years right after work stops. What could break it? They survive retiring into 1966, the worst year on record. A private care home at 90 is what runs them out of money, and that's what the cushion is for. What if one of them dies? OAS stops, CPP gets capped, and guaranteed income falls about 40 percent. The property tax stays the same. 6 things I'd keep: 1. Find your floor, then your bridge. 2. Hold the bridge safe, and know your trim. 3. Draw in the cheap years. 4. Pick the plan for what you want. 5. Look at a death both ways. 6. Re-run it every year. Rob and Anne are an anonymized example household. The planner, the guides, the calculator library and a live Q&A every month are in my community. Free guides are on my email list. General education only. calmmoneycoach.com

Brian | Calm Money Coach

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Tuesday 22 September 2026 14:05:26 GMT