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
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
The Best Online Banks in Canada 2023
Ever since I started writing about Canadian online banks nearly two decades ago, the industry has grown in fits and starts. Just when it looked like…
EQ Bank Review 2023
EQ Bank Account Options and Interest Rates Account Type Interest Rate Best For Daily High Interest Account 2.50%* People who want the highest consistent interest…
TFSA vs RRSP- Which One is Better?
Canadians have fantastic options when it comes to registered accounts. Registered accounts are beneficial for many reasons, the main reason being that they are tax…
13 Top Tax Breaks for Seniors in Canada
With tax season hitting full stride, and our recent focus on retirement planning, I thought a look at the most used tax breaks for seniors…
Working After Retirement in Canada
Over the last few months we’ve been looking at various aspects of retirement planning in Canada. Specifically, we’ve went in-depth on: Today we’re going to…
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…
Life Insurance for Seniors in Canada
Is whole life insurance good for Canadian seniors? Is permanent life insurance a good investment for Canadian retirees? Is term to 100 life insurance worth…
Long-Term Care Insurance In Canada: Do I Need It?
TL;DR: You probably should not buy long-term care insurance in Canada. For many Canadians who are entering retirement, one of the big fears is that…
Investing in Annuities in Canada – Buying a Pension for Life
As a former teacher you might think I’d be the last person who would want to learn more about investing in annuities in Canada. It’s…
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