This extremely helpful process covers everything from assessing your current finances and risks to implementing and actively managing your personalized retirement income plan.

Would you be willing to give up thousands in lifetime benefits?

Make sure you have a cash buffer.

Is this figure a little too high compared to the average Canadian retiree?

Models that lost the most value share one notable feature.

What other appliances are in the line of fire?

How are older Canadians keeping up?

A couple of months ago, I wrote that many Americans significantly underestimate how long they could live in retirement (see “Living in Retirement,” Dec.). With the possibility of a 30-year retirement becoming more common, retirees need to plan for so-called longevity risk to make sure their assets last a lifetime. And the longer you live, the more likely you’ll need to pay for some form of long-term care. That can range from assistance with activities of daily living to in-home care to a nursing

Popular guidelines about how to save, invest and spend need to be updated and personalized to ensure you’ll never run out of money.