Canadian Retirement: Myths, Realities, and Smart Planning Strategies

Retiring in Canada: The New Reality

What does a “comfortable” retirement look like today, and how much do you actually need to fund it? Are you underestimating your spending levels, or overestimating what you can count on from savings & government pensions? Why are so many Canadians feeling less optimistic about retirement than they did 20 years ago? These are the questions we answer in today’s episode.

Hosts Keith Matthews and Marcelo Taboada break down new data from Fidelity’s 2025 Retirement Report to show how retirement expectations, lifestyle costs, and income needs have shifted in the last 20 years. You’ll hear a clear, actionable framework for retirement planning, learn why old assumptions often fall short, and discover the real risks, from retirement lifestyle creep to helping adult children.

If you’re thinking about retirement, whether it’s years away or just around the corner, this episode is for you. Tune in to get actionable tips and clarity on what it takes to retire securely in Canada’s changing landscape.

Canadian Retirement Trends and Planning

• The new complexity of retirement today (1:00)
• Why more people are worried, and less confident about retirement (2:07)
• How expectations for “comfortable” retirement income have changed (3:43)
• The impact of lifestyle creep and social media on retirement standards (4:28)
• How the average retirement age has shifted (5:58)
• The growing wave of retirees: one in four Canadians by 2035 (6:38)
• The disappearance of defined benefit pensions and what it means for you (8:01)
• Delaying retirement: myth or necessity? (8:21)
• Why current savings rates may not be enough (8:58)
• The rising trend of helping adult children financially and the hidden risks (9:25)
• Common extra expenses for retirees: day-to-day support, weddings, down payments (10:30)
• Liquidity traps and tough choices around housing wealth (12:05)
• The three stages of retirement expenses: Go-Go, Slow-Go, and No-Go years (13:13)
• Calculating your true “burn rate” for retirement (15:12)
• Tracking and projecting all sources of retirement income (16:53)
• Using smart, realistic assumptions in your projections (17:05)
• The power of stress testing your retirement plan (18:18)
• Why ongoing review and adjustments are essential (20:24)
• The value of advice beyond just investment returns (21:05)
• Key takeaways and real action steps to start your own plan (22:17)

And much more!

Mentioned in this Episode:

• 2025 Fidelity Retirement Report
• Retirement Financial Guide: Ages 65+
• Pre-Retirement Financial Guide: Ages 50-65
• Tulett, Matthews & Associates

Be sure to subscribe on Apple, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112 Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more! Follow The Empowered Investor on Facebook, LinkedIn, and Instagram