Retirement Planning › Retirement Income Planning
For Canadians already in retirement

You saved. You retired. Now the question is: how do you make it last — and actually enjoy it?

Odyssey Wealth helps Canadians already in retirement build a drawdown strategy they can trust — so you spend with confidence, minimize tax, and leave behind exactly what you intended.

Book a Free Retirement Income Review
Not retired yet? See our pre-retirement planning →
Your retirement income picture
How many of these have been optimized — together?
CPP & OAS Timing
Needs review
RRIF Drawdown Sequence
Not optimized
TFSA Strategy
Underutilized
Spending Confidence Model
Not modelled
Survivor Income Plan
Not in place
Estate & Legacy Plan
Needs update
Most retirees have never had all six of these reviewed together. That's exactly the problem a Retirement Income Plan solves.
The tension retirement brings

You worked hard to get here.
But retirement comes with its own set of questions.

You did everything you were supposed to do. You saved. You planned. You showed up. And then retirement arrived — and with it, a new kind of uncertainty.

"Am I drawing too much? Will this actually last? What if the market drops at the wrong time? What happens to my spouse if something happens to me?"
You're spending cautiously — holding back from the trips, the gifts, the experiences — because you're not sure the numbers will hold.
You're taking CPP and OAS but have never had anyone confirm whether the timing you chose was actually optimal for your situation.
Your RRIF withdrawals are being taxed heavily and nobody's looked at whether you're drawing from accounts in the right order.
Your spouse and you have never had a clear answer to: "What happens financially if one of us dies first?"

That uncertainty isn't a sign you've failed. It's a sign you need a retirement income plan — not just a portfolio.

We help Canadians in retirement spend with confidence — without fear of running out.
$112K
Sustainable annual income confirmed for one recently retired couple — more than they'd been spending out of fear
$84K+
Additional lifetime income from CPP deferral strategy for a couple both deferring to age 70
Who we work with

Canadians who've retired — and want to retire well.

At Odyssey Wealth, we work with Canadians who are already retired and need more than a portfolio manager. They need a retirement income strategy — one that coordinates every source of income, minimizes tax, and gives them a clear picture of what they can spend, give, and leave behind.

Most retirees underspend in their early years out of fear — then wish they hadn't. Others draw too aggressively and create a tax problem they didn't see coming. The answer isn't a rule of thumb. It's a plan.

We've helped Canadians in their 60s and 70s discover they could spend significantly more than they thought. We've helped others catch a tax problem before it became a six-figure mistake. That combination of clarity and protection is what a retirement income plan actually delivers.

What a review covers

Six areas. Most retirees have
never had them reviewed together.

That's exactly the problem. Each area affects the others — which is why reviewing them in isolation produces incomplete answers.

01
CPP & OAS Timing
"How does the timing decision you made interact with your other income sources — and is your overall strategy built around it correctly?"
CPP and OAS interact with your RRIF, pension, and other income in ways most retirees have never had modelled together. The goal isn't to undo past decisions — it's to make sure your current strategy is optimized around the decisions already made.
02
RRIF Drawdown Strategy
"Are you withdrawing in the right order, at the right rate, with the right tax outcome?"
Drawing from the wrong accounts in the wrong order can add tens of thousands in avoidable tax over a 20-year retirement. Minimum RRIF withdrawals are a floor — not a strategy. Most retirees are doing this without a sequencing plan.
03
TFSA Optimization
"Is your TFSA being used as a tax-free income buffer — or just sitting idle?"
The TFSA is the most powerful tax-free account available to Canadian retirees — and the most underutilized. Used correctly, it absorbs growth tax-free and provides flexible, non-taxable income to smooth RRIF withdrawals and avoid OAS clawback.
04
Estate & Legacy Plan
"What does your spouse receive? What do your kids inherit? What does CRA take?"
Without a coordinated estate plan, the RRIF balance is fully taxable on the second death. On a $400,000 RRIF, the tax bill can exceed $150,000. Beneficiary designations, spousal rollover strategy, and will alignment can reduce this significantly.
05
Spending Confidence Model
"What can you actually spend each year without risking the plan?"
Most retirees are guessing. A spending confidence model stress-tests your withdrawal rate across multiple scenarios — inflation, market downturns, longevity to 95 — and gives you a number you can commit to, without guilt or fear.
06
Survivor Income Planning
"If one of you dies first, does the other have a clear financial path?"
CPP survivor benefits, pension elections, income splitting strategies, and estate structure all change materially at the first death. A survivor income plan ensures your spouse isn't left navigating a financial transition without a roadmap.
The difference it makes

The choices you make in retirement
have compounding consequences.

In both directions. The question is which direction yours are compounding.

✕ Without a retirement income plan
  • ✕
    Spending conservatively out of fear — and missing the best years of your retirement
  • ✕
    Paying more tax on RRIF and pension income than necessary
  • ✕
    Drawing from the wrong accounts in the wrong order
  • ✕
    A surviving spouse left with no clear financial path
  • ✕
    An estate that loses more to CRA than it needed to
  • ✕
    No clear answer to: "How long will this actually last?"
✓ With a retirement income plan
  • ✓
    A clear spending number you can commit to — without guilt or fear
  • ✓
    Tax-efficient drawdown across RRIF, TFSA, and non-registered accounts
  • ✓
    Income drawn in the right order, at the right rate
  • ✓
    Your spouse protected with a clear survivor income plan
  • ✓
    An estate structured to pass on what you built
  • ✓
    A written answer to: "Yes — this will last."

"The difference isn't luck. It's a plan built for the phase of life you're actually in."

The process

Getting clarity on your retirement
income is simpler than you think.

Three steps. A clear strategy at the end of each one.

01
Book a Free Retirement Income Review
Tell us how you're currently drawing income and what's keeping you up at night. No pressure. No jargon. Just an honest conversation about where you are and whether we're the right fit.
60 minutes · Free
02
We Audit Your Retirement Income Strategy
We review your CPP, OAS, RRIF, TFSA, estate plan, and spending model together — and show you exactly where you're leaving money on the table or carrying unnecessary risk. All six areas, reviewed as one system.
Life-First Blueprint™
03
You Get a Plan You Can Actually Use
A written retirement income strategy: what to draw, in what order, at what rate — built to minimize tax, protect your spouse, and fund the life you actually want. Reviewed twice a year as your life evolves.
Ongoing partnership
Free resource

Not ready to talk?
Start with the free checkup.

The Retirement Income Checkup is a 10-question self-assessment for Canadians already in retirement. It takes 5 minutes and tells you exactly where your retirement income strategy has gaps — before you speak to anyone.

  • ✓
    Drawdown sequencing — are you drawing from the right accounts?
  • ✓
    CPP & OAS — was your timing decision optimal?
  • ✓
    Tax efficiency — are RRIF withdrawals costing more than necessary?
  • ✓
    Spending confidence — do you have a number you can actually commit to?
  • ✓
    Survivor planning — does your spouse have a clear financial path?
Retirement Income Checkup
10 Questions for Canadians Already in Retirement
Answer 10 questions about how you're currently drawing retirement income. Get a scored assessment across five areas — and a plain-language read on where the gaps are.
Drawing Down Your Savings
Government Benefits (CPP & OAS)
Tax Efficiency in Retirement
Spending Confidence
Protection & Legacy
Ready when you are

One conversation.
A clear picture of what you can spend.

No pitch. No jargon. A free 60-minute conversation about how you're currently drawing income — and what a coordinated strategy would change.

Book a Free Retirement Income Review
Free · 60 minutes · No commitment · In-person (GTA) or virtual across Canada