Understanding Decumulation Planning

Retirement planning isn't just about making your money last—it's about making the most of it. Optiml's goal-based approach tailors your withdrawal strategy to fit your priorities, whether that's maximizing your after-tax estate, optimizing your lifestyle, or a hybrid of both. If your goal is to leave the largest possible estate, Optiml prioritizes strategies that minimize lifetime taxes and maximize what you pass on to loved ones. This may involve RRSP/RRIF withdrawal timing, pension splitting, and tax-efficient asset transfers to ensure more of your wealth stays in your family, not with the government. If you want to maximize your lifestyle, Optiml structures withdrawals to ensure you can fully enjoy your retirement years without financial stress. This means balancing CPP/OAS start dates, RRSP/RRIF drawdowns, and TFSA usage to give you the highest after-tax spending power while ensuring you don't leave too much wealth behind when it's too late to enjoy it. For those who want a balanced approach, Optiml finds the optimal strategy to support your lifestyle while preserving a meaningful legacy, ensuring your money is working for you at every stage. Beyond withdrawals, Optiml also considers pension and RRIF splitting, tax bracket management, and benefit optimization to ensure you never overpay in taxes or miss opportunities to enhance your financial security. With a personalized, tax-efficient decumulation strategy, you can retire with clarity, confidence, and the freedom to enjoy the wealth you've worked so hard to build.