How to Retire on a Limited Income
Welcome to our Hoyes Michalos Debt Free Digest where we round up personal finance topics from around the web to help you live, and remain, debt free.
While housing and food costs keep rising, our incomes are mostly staying put. You may be concerned about your retirement goals with a limited income. This month, we’re showing you how to manage this major life milestone with tools and practical advice.
Retiring with Limited Savings? Here’s What To Do
If you’re just a few years away from retirement, and have limited savings, is it still possible to be financially comfortable? Yes.
Tune in to this discussion with Jason Heath, a certified financial planner, and get advice on how to make the most of your money, how and when to claim your government pension, and what to avoid.
Good Reads From Around the Web
What Are All The Sources of Retirement Income?
Did you know there are more income sources available to you when you retire than just your TFSA or RRSP?
In this handy guide by the Government of Canada, learn about how the retirement income system works, including all the different sources you may draw from and how to be strategic with your money.
Budget For Your Retirement
It’s important to get a detailed picture of what you earn and what you spend. In this free retirement budget calculator by Get Smarter About Money, find out the difference in your income and costs before and after you retire so you can plan accordingly.
$50 Canadian Tire Gift Card Giveaway
Enter for your chance to WIN 1 of 10 free $50 Canadian Tire gift cards!
With the cold weather approaching, maybe you need some tools or new gear for your home and car. Save on some spending money this month by entering for a chance to win a gift card from Canadian Tire.
Enter soon. Giveaway ends October 27, 2022 at 11:59 p.m.
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