10 Retirement Mistakes Canadians Make Before Age 65

Video Description

Most people heading into retirement know how to save—but far fewer have a clear plan for how to draw that income back out. In this video, we’ll cover 10 of the most common and costly retirement mistakes, from leaving RRSPs too late to ignoring estate details that quietly erode wealth. You’ll see how small missteps—like missing OAS thresholds, holding the wrong assets in the wrong accounts, or carrying too much corporate cash—can compound into bigger problems, and more importantly, how to avoid them with smarter strategies. _________________________ 🗓️ Book a call to discuss your Personalized Retirement Strategy: https://www.fergusonfinancialplanning.com/lets-meet/?utm_source=youtube&utm_campaign=top_10_common_mistakes_preretirees_make 📩 Get insights right to your inbox: https://www.fergusonfinancialplanning.com/subscribe-newsletter/ _________________________ 🎬 Chapters Intro 0:00 No Written Drawdown Plan 2:11 Delaying RRSP Withdrawals 4:14 Ignoring TFSA Conversion Years 6:09 Overconcentration in One Asset 7:16 Sequence‑of‑Returns Blind Spot 8:44 Tax‑Inefficient Account Location 10:26 OAS and Benefit Blind Spots 11:58 Corporate Cash Drag 13:28 Estate and Beneficiary Gaps 14:38 Paying More for Products Than Advice 15:49 Recap 17:33 _________________________ Jacqueline Ozdemir is a Financial Advisor at CI Assante Wealth Management Ltd. CI Assante Wealth Management Ltd. is a Member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization. Insurance products and services are provided through Assante Estate and Insurance Services Inc. This material is provided for general information and should not be considered individual investment, tax, accounting, or legal advice, or construed as an offer or solicitation to buy or sell securities. The statements and opinions expressed are those of the presenter(s) and not necessarily those of Assante Capital Management Ltd. All opinions expressed and information provided herein are subject to change without notice. Every effort has been made to compile this material from reliable sources as at the date indicated however, no warranty can be made as to its accuracy or completeness Market conditions may change which may impact the information contained herein. All charts and illustrations in this document are for illustrative purposes only and they are not intended to predict or project investment results. In considering any particular investment or investment strategy, please remember that past performance is no guarantee of future performance. We caution you not to place undue reliance on any statements that are predictive in nature, depend upon or refer to future events or conditions, as a number of factors could cause actual events or results to differ materially from those expressed in any forward-looking statement, including economic, political and market changes and other developments. The information contained herein may not apply to all types of investors. Before acting on the information presented, please seek professional financial advice based on your personal circumstances. _________________________