There comes a point when more income stops making your retirement better. Instead, it only brings problems, namely, a heavier tax burden. But that doesn’t have to be the case.

Over decades of focusing on abstract goals, retirement savings often becomes more about hitting certain numbers than staying open to the dynamic, ever-changing rhythms of life. But life is never as certain as math, and neither is retirement.

Saving for retirement is a little like sailing: when the sun is out and the sea calm, everything seems great, but when the wind comes up and the sea’s volatile, it becomes downright frightening. And there have been some volatile markets recently, which may have made you feel like opting out entirely and jumping overboard. But, as with sailing, so with investing—you’re better off in the boat.

One of the most effective ways to lower your tax burden is to split your income with your spouse.

Work doesn’t look anything like it did prior to 2020, and neither does retirement. Some people decided to retire early and leave all the changes and technical challenges to the younger generation, while others are working longer now that their commute is down to five minutes, and business casual got really casual. With all these changes, it can be hard to decide when to take CPP.

A tool for managing the financial future of people with disabilities, RDSPs can help you ensure your child has a solid financial future no matter what happens to you. That peace of mind is invaluable.