Let’s face it, planning and saving for retirement is not easy. We are told that the earlier we start the better, and that the “magic of compounding” will make our dreams come true.

But for most people it’s simply not possible. In our twenties through our forties, we are busy paying for our housing, our cars, our kids and all the other costs of living. Out of necessity many of us become procrastinators when it comes to saving for retirement.

But there is hope. This course will take you step-by-step though planning and saving for retirement starting later in life, as late as in your fifties, and the best way to fund your retirement years. It is an easy-to-follow plan for retirement that can be done in ten years or less.


  • Tracking your spending. The key step to retirement planning that most people don’t do. Learn how to do it easily, automatically and for free.
  • Optimize your retirement savings and drawdown strategy. Receive and work with a free easy-to-use Excel spreadsheet called “The Procrastinator’s Number Cruncher” to optimize the use of excess cash (RRSP, TFSA or pay down the mortgage, etc.), and maximize your retirement income. Your pre- and post-retirement investment strategy - what products are best now and later? Why is exposure to equities during the drawdown phase so dangerous?
  • Retirement funding options. We’ll discuss how much you’ll get from your CPP and OAS pensions - what age to start collecting your CPP. We’ll address your home as a source of funds – the risks of reverse mortgages and other options.
  • RRIF versus annuity. How RRIFs and annuities work, the advantages and disadvantages of each, a suggested strategy and current annuity rates.
  • Old age healthcare planning. What the government covers and what it doesn’t, long-term care facility options.
  • Other. Inheritance - a simple spreadsheet called the “Estate Planning Record Keeper” to make the transfer efficient. Your credit card strategy – how to select travel reward and cash back cards to optimize your benefits. Car lease versus buying - the advantages and risks of leasing and use of a spreadsheet to make the decision. Divorce - the basics from a financial perspective.


People approaching retirement who are starting late and want to ensure it is comfortable and stress-free.