We are only invested in GICs. How should we handle our retirement accounts?

GICs feel safe, and for good reason, but a portfolio made up entirely of them carries a quieter risk that is easy to overlook. This piece looks at a couple holding only guaranteed certificates and walks through why that comfortable choice can work against you over a long retirement. The issue is not that GICs are bad, it is that leaning on them alone can leave your money struggling to keep pace with rising prices over twenty or thirty years, and the interest they pay is taxed at the least favourable rate. The thinking here is about finding a sensible balance, holding enough secure money to sleep at night while giving some of the portfolio a chance to grow. It is most relevant to cautious retirees who value certainty but have not fully reckoned with what inflation does to spending power over time.