i agree with jgblake ,slowly draw down your rsp and roll it into dividend paying etfs or stocks inside your tfsa's .I used to thinks take your cpp at 60, but no more. It will give you a higher return(if you wait) than if you take it and try to make 7% on your investments. But every ones financial details will be different. Don't be a sheeple, learn and read for yourself. No one will (or should)care more about your money than you.