FP Canada

And primarily because, and I'm going to give you props for this, I am an FP.

I am a financial planner with FP Canada.

We have an annual registration and part of that registration is an ethics course.

And we have to pass that ethics course of which you teach.

Yeah.

You know, I, I based it actually on the FP Canada guidelines.

Uh, FP Canada's the governing body for certified financial planners in Canada.

They put out every April guidelines that financial planners should use for future projections, whether it relates to inflation, investment rates of return, life expectancy, real estate price appreciation, things like that.

Right.

I think it's really important, particularly when you're coming to the end of your accumulation phase and you're moving into retirement, you're starting to decumulate your assets.

You want to take into account the potential variability of returns, the potential that stock markets are taking a, a tumble early in retirement, and your starting value for your financial assets is lower than where it is today.

Not to say that FP Canada or myself or anybody can predict the future, not to say that stocks are going to fall, but they are volatile, and I think it's important to use conservative assumptions when you're doing long-term retirement planning projections, whether you're working with a professional, Dave, or whether you're doing it on your own.

And a lot of the research is around U.S. more so, and doesn't include things like the TFSA.

Some great findings from Doug Chandler, who's an actuary who ran thousands of simulations for Financial Planning Canada.

His findings help show that a clever retirement income fund drawdown is usually kind of overstated, and in one of the cases, it made people actually worse off.

The case where it matters the most is a 75-year-old on government income supplements with a $200,000 retirement income fund draining it into a TFSA over four years cut their odds of running short from 54 to 38%.

We have very few qualified CFP, QAFP women in this country.

I did a study in 2024 with FP Canada, and there was 4,300.

So a very, very small number across the country.

And that needle hasn't budged in 15 years.