Protecting Government Benefits in Retirement

A lot of the times the government benefits inclusive of that and let's say other sources you may have if you actually need it because price of groceries for example are a lot higher now than they were in 1960, 1988, 1999, whichever year you want to say the amount of money that you need to get to live now is a lot higher. But the tax brackets haven't moved according to the same level of spending that was needed and the benefits coupled with that income draw puts you in a very dangerous category zone. And in Canada there's what's called old age security clawback where if the amount that you're drawing is too high that's going to put a threat to it. Whereas if you're having money in the arrangements that get set up after you've built up the asset value to get this $50,000, there's no threat on that particular government entitlement that you actually should be getting since you've been contributing to it for your lifetime.