Hey there! If you’re gearing up for retirement—or already enjoying it—you might be wondering how to make your hard-earned savings stretch as far as possible. It’s a huge milestone, and no matter how modest your starting balance is, you want to ensure your nest egg lasts just as long as you do.

Many people think that upon retiring, they must completely change how they manage their investments. The old-school rule of thumb used to be: “Once you stop working, move everything into ultra-safe, fixed-income investments.” That made perfect sense when the average Canadian lived to around 75. But times have changed! Today, seniors frequently live well into their 90s, meaning you could rely on your investment assets for almost as many years as you spent working.