At 66, a debt-free Canadian retiree with $100K cash should weigh time horizon, comfort with volatility, and future income needs before investing.
Keeping cash in a HISA offers stability, but low-3% interest against mid-3% inflation can quietly reduce purchasing power over time for retirees.
Delaying federal retirement benefits to age 70 can meaningfully raise lifetime monthly income, giving retirees more flexibility with investment risk and cash planning.
For lower-risk money, one-yr GICs offered low-2% to high-2% rates in Mid-Q2 2026, with insured deposits up to $100K per eligible institution.
A measured approach can blend gradual investing, diversified Canadian and international exposure, bonds, cash reserves, and fee-only advice before major retirement moves.
