In this episode of the Retirement IQ, retirement wealth coach John Stregger walks listeners through the essentials of building a secure and reliable retirement income plan. With the number one concern for Canadians over 55 being the fear of running out of money, John focuses on how to create guaranteed lifetime income that can support you through an unknown retirement timeline.

John breaks down the five key sources of retirement income, including Old Age Security (OAS), the Canada Pension Plan (CPP), defined benefit pension plans, life annuities, and Guaranteed Investment Funds (GIFs). He explains how each works, when they make sense, and the role they can play in creating a dependable income foundation.

The episode emphasizes the importance of establishing a base level of guaranteed income to cover essential expenses, then layering additional income to support the lifestyle you want in retirement. With clear explanations and practical guidance, John shows how combining different income tools can help reduce risk, increase confidence, and bring clarity to your overall retirement income strategy.