Retirement
Everything you need to know on preparing for your retirement and retiring in Canada. Can you have too much RRSP? What are the contribution limits? How and when to withdraw from RRSPs and TFSAs? How to retire early, and what are the risks in that? How to use the Saskatchewan Pension Plan? Learn everything relating to pensions and retirement plans and read recommended bank reviews, on Million Dollar Journey, one of Canada’s oldest and most detailed Personal Finance blogs.
Most Popular
Building a $1,000,000 RRSP Starting in your 30’s, 40’s, and 50’s.
When I initially wrote this article about building RRSP wealth in your 30s, 40s, and 50s, my goal was to create an easy visual that…
Safe Retirement Withdrawal Rate Strategies in Canada
The concept of a safe withdrawal rate (and the 4% rule) is a key planning tool for Canadians of all ages. After all, if you…
Maxed out RRSP and TFSA – Now What?
I recently received an email from a reader with a bright financial future. They have a maxed out TFSA and has recently maxed out her…
Withdrawing From RRSP and TFSA For Retired Canadians in 2024
After writing a deep dive article on whether the 4% safe withdrawal rate still works for retirement at various ages, I received a lot of…
Retirement Calculators – How Much Do You Need to Retire?
This popular article was originally written in 2017, but since then, a couple of the calculators have gone offline. I have updated this article with…
Most Recent
Building a $1,000,000 RRSP Starting in your 30’s, 40’s, and 50’s.
When I initially wrote this article about building RRSP wealth in your 30s, 40s, and 50s, my goal was to create an easy visual that…
EQ Bank Review 2024
EQ Bank Account Options and Interest Rates Account Type Interest Rate Best For Daily High Interest Account 2.25%* (Plus 1.75% if you direct deposit your…
How Much Do Canadians Spend In Retirement?
You’d think it’d be a relatively easy quest to answer the question: How much will a Canadian spend in retirement? When I set out to…
RRSP vs IPP for Canadian Business Owners
In my recent articles about paying yourself in salary vs dividends from a CCPC, as well as investing within a Canadian corporation, we explored the…
Selling a Business to Retire in Canada
I’ve been on a real small business/CCPC kick here at MDJ over the last month, and my end goal was always to get to a…
Best Online Banks in Canada 2024
Online banking is growing every year, with more and more Canadians turning to online banks as their primary financial platform. Consequently, banks are rapidly evolving…
Investing Inside a Corporation for Retirement in Canada
Before you jump into the details of investing inside of a corporation for your retirement, it’s likely worth taking a few minutes to read my…
How to Become a Millionaire in Canada
Most of us have wondered what it takes to reach millionaire status in Canada. We certainly don’t advise getting involved in any “get rich quick”…
The Best Countries for Canadians to Retire Abroad
A few years ago I never would have considered writing an article about the best countries for a Canadian to retire abroad. Why would anyone…
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