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.

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Tangerine Bank Review 2020

By Kornel June 7, 2020

It shouldn’t come as a shock that more and more Canadians from all generations are taking the time to look into online banking and high…

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EQ Bank Review 2020 – Canada’s Best Online Savings Account?

By Kornel June 4, 2020

After becoming a client when they first launched over three years ago, I thought it was about time to pen the authoritative EQ Bank Review…

Low-Cost Countries for Canadians to Retire Early In

Low-Cost Countries for Canadians to Retire Early In

By Kyle Prevost March 29, 2020

**Editor’s Note: With everyone obsessed over the tragedy enveloping our world and/or the stock market gyrations that it is causing, we decided to give readers…

Accounts For Retired Canadians

Withdrawing from your RRSP, TFSA, and Non-Registered Accounts for Retired Canadians

By Kyle Prevost March 1, 2020

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…

Ultimate Guide To Safe Withdrawal Rates In Canada

The Ultimate Guide to Safe Withdrawal Rates in Canada (For Any Retirement Age)

By Kyle Prevost November 4, 2019

You’ve been reading MDJ for years, have used your Questrade DIY discount brokerage portfolio to accumulate a solid nest egg that includes your TFSA, RRSP,…

Reader Mail: I’m a Low Income Senior – RRSP or TFSA?

By FT September 30, 2019

A reader emailed me recently about being a low-income senior, but with some savings ability and was wondering if it makes sense to start an…

Can You Have Too Much RRSP?

By FT August 5, 2019

Since I’ve written about how much you need to save to reach $1M in your RRSP starting in your 30’s, 40’s, and 50’s, I’ve been…

Building A $1,000,000 Rrsp

Building a $1,000,000 RRSP Starting in your 30’s, 40’s, and 50’s.

By FT July 8, 2019

I recently wrote about how you can build a comfortable retirement lifestyle even if you start a little late.  The article included a couple of…

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