Remember everyone when you no longer have an income coming in Banks don't look at you the same. They all talk on Youtube brag about income coming in off Income ETFs but what they don't tell you much of that income is not used if want credit. If you want to down size or Bridge a home and one or both you not working you could have lots of assets in the bank no mortgage but you are considered high risk. Sure you can go Option B and go to mortgage broker and get private lenders involved but that could cost you 10s of thousands of dollars. Remember they look at CPP, OAS, Pensions, RRIF income and TFSA income which we make 45.5k a year does not matter to them? No one tells you that before you retire. You say what ? yup they don't look at you the same when you hit your 60s and you can have 800-830 credit rating and remember my family saying try to get credit not same as people working. They (Banks) don't care but wait what they do care and TD Bank Nova Scotia and others has a dept for retired HIGH VALUE customers that don't want you leaving to Questrade Wealth Simple. Other problem is banks move slow compared to private lender world. Sure at the Bank Level including the every 2nd or 3rd year Bank Manager they constantly move so you can't have a relationship with them. You have to go higher up. $300 fee lot better than 10 of thousands of dollars. My advice if you have a million dollar home paid off take 65% to 75% equity in a HELOC if your disciplined and beside for fraud you want to have a secured line of credit as it's not like owning a ownership on a vehicle. Just my two scents just spent 2 weeks living this nightmare as do you want to sell your Income Workers or use them as leverage when they pay your lifestyle and are your worker bees. Hope it helps from Gary Mr. Retirement LOL

My Father some what copies my moves but also does his own thing for investing. Bought #ACO (Atco Ltd) for my Mom told him about it early last year. I guess they got talking and she wants to move her cash from a Bank savings account into income generating TFSA. He is holding some stock but CC ETF I'll list. BIGY, CANY, CDAY, EASY, ENCL, HDIV, HHIS, HHLE, OILY, QDAY, UTES. Also, yes BIGY and CANY are in EASY, he is waiting till both holdings are green before he sells them before moving them into EASY. Also a non-MSTE holder. So, my question is. For their older and I have good idea of what could go after. Seeing what the Club thinks that are safe holdings to generate. Nothing that really moves in price, holds its valve but has that good income side to it. Also distribution growth. Looking at HDIV, BMAX, HDIF(?), A Twice a month Payer.

New Chapter: Officially Unstuck! They say the dreams you have in your 30s, 40s, and 50s shift once you hit the 60s Club. For us, that shift became a reality today. Are you feeling STUCK? For 26 years, our Caledonia home "Sandals Caledonia" was the backdrop for a lifetime of memories. We loved it, but as our lives changed in 2024, we realized the "monuments to success" we built in the past weren't what we needed for the future. We decided it was time to downsize the house and upsize the lifestyle. Today, it’s official: the conditions are lifted on our new home! We are becoming Dunnville residents, moving to a beautiful, nicer lot with only two neighbors: peace and privacy, not the village hustle. Place to park our Class A RV for winters or last minute get aways. We have Sandals at the Lake 5 mins away... We’re trading those 30-40-minute drives for a life where everything we need is just 5–10 minutes away. We aren't just talking about the "Unstuck" lifestyle for the brand. We are living it We now own two homes until we say a final, grateful goodbye to this beautiful house in Caledonia. It’s time to stop dreaming about "someday" and start living the Unstuck Dream. Thank you all our friends in Caledonia. #GodIsOurCaptain #35YearAnniversary #LivingtheDream #FaithAndFamily #RetirementIsUs #GettingUnstuck #DunnvilleBound #NewChapter #60sClub #DownsizeToUpsize #LivingTheDream #EnergyToFaith #4 ETF TFSA & RRSP Portfolio

1 in 10 Canadians are being forced out of retirement to work...

It did take me a good 60 days to unlock LIRA. 1/2 went to my RRSP/RIF and other half went into LIF with min withdrawal limits. Yes withdrawals are all taxable based on all income sources. Remember you don't pay fee for RRIF but do pay up to $50-75 if want to remove from RRSP the one half. Pro Tip does not affect space as already factored in with your contributions over the years. Think about it one to put in and other to take out. Deregulation fees are normal on RRSPs why put 70% to RRIF and kept 30% RRSP so could invest from 58 to 71 then have to change to RRIF mandatory.