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
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 2023
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…
Safe Retirement Withdrawal Rate Strategies in Canada
So you have been reading MDJ for years, have used your Canadian online broker account to DIY-invest your way to a solid nest egg. You’ve…
Low-Cost Countries for Canadians to Retire Early In
**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…
Building a $1,000,000 RRSP Starting in your 30’s, 40’s, and 50’s.
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…
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
Withdrawing From RRSP/TFSA to Fund Early Retirement
As I transition into early retirement (after reaching financial independence) I find myself having to shift from an accumulation mindset to a spending or decumulation…
Wealth Management Companies in Canada 2023
My article on the best financial advisors in Canada appears to have triggered a bit of a backlash from Canada’s wealth management companies. If you’re…
EQ Bank Review 2023
EQ Bank Account Options and Interest Rates Account Type Interest Rate Best For Daily High Interest Account 2.50%* (Plus 0.50% if you direct deposit your…
Tangerine Bank Review 2023
While our EQ Bank Review details why it is our top pick for Canada’s best online bank and high interest savings account, Tangerine is our…
Best Financial Advisors in Canada
When looking for the best financial advisors in Canada (or best financial planners in Canada) you’re inevitably going to encounter a lot of confusion and…
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…
4 Steps for a Worry Free Retirement Course Review by Frugal Trader
It’s not every day that one of your co-writers pens the first online course for retirement in Canada. Naturally, it only felt right that the…
4 Steps to a Worry-Free Retirement in Canada
I’ve been writing about personal finance in Canada for 15 years now. This week I launched the project that was by far the best resource…
Best Bank Account for Seniors in Canada
So, you’ve endured 60 years of ups and downs, booms and busts, triumphs and challenges, now it’s time to kick up your feet, relax, and…
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