Rethinking risk: Why retirement isn’t the time to hit the brakes on growth

One of the most common questions we hear from clients approaching retirement is:

“Now that I’m retiring, I should move everything into GICs and bonds… right?”

Moving your savings into lower-risk investments is an understandable instinct. But it’s also worth a deeper conversation.

The misconception: Retirement = playing it safe, no matter what

For years, the traditional view has been this: once you stop earning employment income, your investments should immediately shift to full preservation mode. That usually means moving heavily into fixed income and minimizing exposure to market fluctuations.

But retirement isn’t the end of your financial journey. It’s a new phase – one that could last 25 to 35 years or more. Over that kind of time horizon, becoming too conservative can quietly erode your long-term financial confidence.

The reality: Growth still has a role to play

In a world where people are living longer, inflation persists, and market conditions are ever evolving, the need for portfolio growth doesn’t stop at retirement.

That’s why our investment approach is rooted in thoughtful planning, not reactive decisions. We help clients shift the conversation from “What should I avoid?” to “What do I need my investments to do for me now – and over time?”

Here’s what we guide our clients to understand:

• Volatility and risk aren’t the same thing. Market shifts and volatility are a natural part of the market cycle. The bigger risk? Not being able to sustain your lifestyle – or your financial goals – over time.
• A balanced portfolio helps preserve purchasing power. Even in retirement, your investments need room to grow to stay ahead of inflation and support the experiences you’ve planned for and dreamed of.
• A steady income stream can create long-term confidence. We use strategies like a cash reserve to ensure 2–3 years of income are readily available, so you’re not forced to sell investments in a downturn.
   

Our approach: Personalized, purpose-driven planning

We don’t rely on cookie-cutter portfolio models. Instead, we tailor investment plans that support your life, both now and in the future. That includes:

• Time-based investment segments. We align your short-, mid-, and long-term needs with appropriate investment strategies, helping to manage risk while supporting long-term goals.
• Tax-efficient withdrawal strategies. Coordinating income from RRIFs, TFSAs, and non-registered accounts helps extend the life of your savings and reduce your tax bill.
• Coaching through uncertainty. When markets fluctuate, we’re here to help you stay grounded, reconnecting each financial decision to your broader vision.
   

The bottom line

Retirement doesn’t mean stepping away from growth – it means investing with intention.

It’s not about chasing headlines or retreating into overly conservative strategies. It’s about having a plan that adapts as your life evolves, keeps your income on track, and gives you the freedom to focus on what matters most.

Let’s talk about what growth can look like in your retirement years – on your terms.