My DH and I are going to retire on June 1, 2017.
So, it will be here before we know it .... Time flies!!
My question is, we have no private pensions, just our savings.
I lived in the USA for over 25 years, so I will get a prorated SS from the USA, as well as prorated Canada Pension.
My DH will get Canada Pension ( never lved or worked in the US).
I have IRA and RSP, my DH has an RSP. (RSP is the Canadian version of an IRA).
I have a rental house in the US ( no mortgage) and our home here in Canada is paid for. No consumer debt at all.
My question is, when we retire, do we just pick an amout to withdraw from the RSP,s and my IRA
I've been good at saving, but admit I am clueless about the last step!!!
Thanks for any help.