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<blockquote data-quote="The Prowler" data-source="post: 659991" data-attributes="member: 1301">I thought CPP was 65...but I will take your word for it.I started saving for retirement soon after I started working.&nbsp; I maxed my Registered Retirement Savings Plan out for years.&nbsp; I have my Tax Free Savings Account maxed.&nbsp; I paid off my mortgage early.&nbsp; And I have trading account for any leftover investment money.I know there is CPP and OAS in the future, but I never even considered them when planning my retirement.&nbsp; I mean, I know there are there, but I will consider them a bonus when I start to receive them.So what is interesting is developing the mindset that your savings are going to decrease.&nbsp; For decades, my wife and I saw our savings increase.&nbsp; We are accustomed to seeing those savings go up, and up.&nbsp; I told my wife that she needs to be mentally prepared to see those numbers go down.&nbsp; I tried to act calm and confident, sure that we were in a really good position.&nbsp; But meanwhile, I was also preparing myself for the same thing; I knew watching our savings go down was going to be somewhat unsettling.</blockquote>

[QUOTE="The Prowler, post: 659991, member: 1301"] I thought CPP was 65...but I will take your word for it. I started saving for retirement soon after I started working. I maxed my Registered Retirement Savings Plan out for years. I have my Tax Free Savings Account maxed. I paid off my mortgage early. And I have trading account for any leftover investment money. I know there is CPP and OAS in the future, but I never even considered them when planning my retirement. I mean, I know there are there, but I will consider them a bonus when I start to receive them. So what is interesting is developing the mindset that your savings are going to decrease. For decades, my wife and I saw our savings increase. We are accustomed to seeing those savings go up, and up. I told my wife that she needs to be mentally prepared to see those numbers go down. I tried to act calm and confident, sure that we were in a really good position. But meanwhile, I was also preparing myself for the same thing; I knew watching our savings go down was going to be somewhat unsettling. [/QUOTE]

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