FAQ:

1. Should I be worried about getting back into the market after a big correction?
– It is common to feel apprehensive about getting back into the market after a big correction. However, historical data suggests that staying invested over the long term tends to yield better results.

2. How much of my portfolio should be in equities?
– The allocation to equities in your portfolio depends on your risk tolerance and financial goals. A financial planner can help you determine the right balance of risk for your individual situation.

3. How should I draw income from my RRIF?
– Consider drawing a regular income from your RRIF and saving your TFSA funds for large expenses that may push you into a higher tax bracket.

4. Should I seek the help of a financial planner?
– Working with a financial planner can provide clarity on your retirement options and help you make informed decisions about your investments.

Conclusion:

Antonia, as you approach retirement and navigate the complexities of managing your investments, it’s essential to weigh the risks and benefits of different strategies. While historical data can provide insights into market behavior, it’s crucial to tailor your investment approach to your unique financial situation and goals. Consider seeking the advice of a financial planner to help you make informed decisions that align with your retirement objectives. By carefully evaluating your options and understanding the implications of various scenarios, you can create a sustainable and worry-free retirement plan.