Quick Update: Retirement Income Interview

In case you've been missing Because Money (on hiatus as we plan for Season Three), I just did an interview with Kornel Szrejber on retirement income planning, and we managed to squeeze a few laughs out of what is traditionally a less-than-hilarious topic. 

Some of the questions he asked (and I tried to answer without going too far down any one rabbit hole) were:

• How does earning income in retirement affect planning?

• What is “sequence of returns risk” and how can we protect ourselves from it?

• What is an RPP, a LIRA, and  LIF, and how are they connected?

• What are “defined benefit plans” vs “defined contribution plans”?

• What numbers do you like to use when forecasting returns for stocks and bonds? What are real vs nominal returns?

• Can you talk about annuities and how they might fit into a retirement income strategy?

Spoiler alert: There was no way I was going to be able to answer every question as deeply as I'd like to. 

The episode is live on the Build Wealth Canada website, as well as a list of resources for those who want to dig deeper into sprawling topic.