When and how should I start drawing on my retirement savings? Apr 1st

Some background: My spouse and I are debt-free and mortgage-free. We own our home (current value approximately $1 million). We are hesitant to downsize as this home is accessible for me.

I have approximately $650,000 in RRSPs and $105,000 in TFSAs. At 65, my CPP monthly estimate is $1,200. My spouse has $185,000 in RRSPs and no TFSAs. He is expecting a small monthly defined-benefit pension of approximately $1,900 at 65. His CPP estimate is $1,100.

I have no idea if we qualify for any OAS funding. I do qualify for the Disability Tax Credit and my partner claims the Canadian Caregiver Credit.

I am currently on long-term disability leave from my employer. My LTD insurer mandated that I also apply for CPP disability which was approved. My LTD income is tax-free. Currently on paper, I make just over $18,000 per year. I am 61 and turn 65 in May 2028. My husband is 62 and still working in order to keep health benefits…