How to make the most of your retirement savings

Making the most of your retirement savings is important for ensuring a comfortable retirement. Here are a few tips for Canadian retirees:

  1. Review your expenses and make changes where necessary.
  2. Invest in a retirement income fund to help supplement your government pensions and other sources of income.
  3. Consider downsizing your home or taking on a part-time job to boost your retirement savings.
  4. Make use of government benefits and programs, such as the CPP and OAS.
  5. Stay healthy and active to help reduce your overall costs in retirement.

By following these tips, you can help make the most of your retirement savings and enjoy a comfortable retirement.

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Always seek advice from your financial planner. If you are a member of one of the BC Public Sector Pensions plans, you can see what the Pension Corporation says about your situation. Their pages provide a detailed summary of your options.