Sponsored by
I'm 63 With $1.5M. Can I Spend $10K a Month?
You’ve saved $1.5 million. Now comes the real test.
Can it produce $10,000 a month, or will that pace drain your portfolio?
Most retirees do not get a clear answer until it is too late.
The issue is not just how much you have. It is whether your portfolio was built to pay you, not just grow.
That difference can determine whether your money lasts decades or starts breaking down early.
Sequence of returns, taxes on withdrawals, healthcare costs, and whether the 4% rule still applies all play a role.
Fiduciary advisors created a breakdown showing what drives sustainable income and why the same $1.5M can produce very different outcomes.
If you have $1M or more invested, do not guess.
Sponsored By:
📣 This slot is open. Own a Thunder Bay business and want more of the city hearing about it? This line — and the Thursday Local Business Spotlight — are available. Hit reply, or start here →
Happy Friday, Thunder Bay! Mainly sunny and a high of 24°C — the pick of the week, and good timing with a weekend this full. In today's issue: council clears the way for hundreds of new apartments while the neighbours dig in, the health unit hauls the Vickers Manor owners into court, a crew of breast cancer survivors packs its paddles for France, and a sandwich chain picks Arthur Street for its northern Ontario debut. ☀️
In this Harbour Beat Issue…
Trivia: The “Wilhelm Scream” — a single recorded yell that has been dropped into hundreds of movies since — was first heard in a 1951 western. Which film? (Answer at the bottom!)
Tired of news that feels like noise?
Every day, 4.5 million readers turn to 1440 for their factual news fix. We sift through 100+ sources to bring you a complete summary of politics, global events, business, and culture — all in a brief 5-minute email. No spin. No slant. Just clarity.
Thunder Bay Events
This is the big one. Three days of the Murillo Fair, a street fair in Westfort, a dog festival at Kamview, a free Indian feast at the Marina and a colour throw on the same lawn the next day — plus runners in Kakabeka before most of us are up. ✅ Outdoor events can still shift on short notice — confirm with the organizer before you head out, and check current fire restrictions before lighting anything at a campsite.
Friday, August 14
AUG 14 · Murillo Fair — 5–10 p.m. Friday, then 10 a.m.–10 p.m. Saturday and 10 a.m.–6 p.m. Sunday · 📍 Murillo Fairgrounds, 600 Pole Line Rd., Oliver Paipoonge · The Oliver Agricultural Society's annual weekend: livestock competitions, homecraft exhibits, midway rides and lawn mower races · 📅 Add to Calendar
AUG 14 · Steve Solkela Live: Circus Comedy & Community BBQ — 6–9 p.m. · 📍 Hilldale Lutheran, 321 Hilldale Rd. · Everyone welcome · Accordion-driven comedy, circus stunts and Finnish humour from the Overpopulated One-Man Band, with a BBQ before and after · 📅 Add to Calendar
Saturday, August 15
AUG 15 · Westfort Street Fair — 9 a.m.–5 p.m. · 📍 Frederica St. W., Westfort · The longstanding neighbourhood street fair: local vendors, businesses, artists and musicians take over Frederica for the day · 📅 Add to Calendar
AUG 15 · Pawchella — 12–4 p.m., 2 km and 5 km walks start at 1 · 📍 Kamview Nordic Centre, 851 20th Side Rd. · The city's new family-friendly dog festival and walk: vendors, a live DJ, contests, and fundraising for appendix cancer care through the Northern Cancer Fund · 📅 Add to Calendar
AUG 15 · Festival of India — 3–8 p.m. · 📍 Marina Park, Water St. · Free admission and a free vegetarian dinner · Musicians, singers and dancers on the waterfront, and everyone is welcome at the table · 📅 Add to Calendar
Sunday, August 16
AUG 16 · 9th Annual Kakabeka Falls Half Marathon & 8K — 7 a.m. start · 📍 Royal Canadian Legion Br. 225, 4556 Hwy 17, Oliver Paipoonge · Pick your distance, half marathon or 8K, both starting at the Legion · 📅 Add to Calendar
AUG 16 · Festival of Colours — 3 p.m. · 📍 Marina Park, Water St. · $17.55–$38.95, tickets in advance · Colour throws, live music and dance — wear white, and do not plan on it staying white · 📅 Add to Calendar
Monday, August 17
AUG 17 · Monday Evening Concerts at Waverley Park — 6:30–9 p.m. · 📍 Waverley Park, Waverley St. · The Coalition for Waverley Park's summer concert night, with one more to come on Aug. 24 · 📅 Add to Calendar
Which part of Thunder Bay do you call home?
We're trying to get a picture of where everyone's reading from — one tap, and it helps us line up local businesses with the neighbourhoods they actually serve.
Which part of Thunder Bay do you call home?
Make It Make Sense
You've felt it. Skimming a headline and understanding nothing. Morning Brew fixes that: news explained like a smart friend would, minus the boring parts.
See why it’s the go-to for over 4 million people daily. Takes just 15 seconds to sign up.
✅ NO WEATHER ALERTS IN EFFECT
Environment Canada had no watches or warnings posted for Thunder Bay as of Thursday evening. Fog patches are expected to form overnight and burn off early Friday. Fire restrictions across the Northwest still change day to day — check the province's Restricted Fire Zone rules and your municipality's own ban before you light anything outdoors. Latest alerts at Environment Canada.
☀️ Friday, August 14 — Thunder Bay
24°C
Feels like 28 · Overnight low 11°C
Mainly sunny all day · early fog patches clearing · UV 7 (high)
The best day of the week, and it is not close. Mainly sunny from morning right through the evening once the early fog patches burn off, a high of 24°C, a humidex of 28 and a UV index of 7 (high) through the middle of the day — so pack sunscreen if you are heading out to the Murillo Fair. Clear overnight with more fog patches forming, low of 11°C. The weekend softens a little: sun and cloud at 22°C Saturday for the Westfort street fair, then 23°C Sunday with a 60 per cent chance of showers, so the colour throw at the Marina may get damp. Monday bounces back to sunny and 25°C. Full forecast and any new alerts at Environment Canada.
Council says yes to 900 new units, and the neighbours aren't done
City council voted Tuesday night to rezone two vacant properties for housing, and with a third site already zoned, more than 900 new units could go up across Arundel, Fanshaw and Tokio streets — in a city that is roughly 1,000 units short of demand. The biggest piece is 360 units in two apartment buildings at 791 Arundel St., trimmed down from an earlier 400. The opposition has been unusually organised: TBay Greenspace Preservation gathered more than 2,600 signatures and put over 100 people outside city hall on Tuesday, arguing the plans cost green space and lean on aging sewers. Coun. Andrew Foulds, who voted against the Arundel rezoning, said he had never seen this level of public engagement in a 20-year career. What makes this one sting for opponents: under the province's Bill 60, council decisions like this can no longer be appealed to the Ontario Land Tribunal, so there is no obvious next step left.
Vickers Manor's owners are headed to court
The Thunder Bay District Health Unit has summonsed SMS Property Trust Inc. on 36 offences under the Health Protection and Promotion Act, with another eight expected next week. Public health inspector Abby Mackie told Newswatch that a guilty finding could carry up to $25,000 for every day each offence occurred. The health unit says it almost never gets here — owners usually comply — but a heat order issued July 8 and a second order July 29 over garbage piling up inside and outside the building, plus bedbugs, went unanswered. “They have not responded to us,” Mackie said. “The owners have showed no desire to comply.” The residents caught in the middle are seniors, people with mobility issues and people living with brain injuries. Newswatch says it has reached out to the company for comment.
The Dragons of Hope are taking their paddles to France
Thunder Bay's Dragons of Hope are headed to Aix-les-Bains, France, to represent the city and the country at an international dragon boat event alongside other Canadian crews. Every competitor on the boat is a breast cancer survivor — which is the whole point of the paddling movement these teams came out of, built on the idea that repetitive upper-body exercise is something survivors can do together rather than something to avoid. It is a long way from a Lake Superior training paddle to a lake in the French Alps, and they are going as a crew.
A sandwich chain picks Arthur Street for its northern debut
Mark Aug. 18 if you have been watching the construction beside Arthur Street Marketplace: Jimmy John's opens at 1165 Arthur St. W., and it is the sandwich chain's first location in northern Ontario and its 17th in Canada. The brand is American, but Montreal-based franchisor Foodtastic brought it north in 2024 and has a dozen more Canadian stores planned this year. Newswatch notes the announcement did not name the local franchise holder — so for now we know the opening date and not much else about who is behind it.
Meme of the Day
Brought to you by Harbour Beat
What's faster than word of mouth? The Harbour Beat Spotlight! Keeps you updated on what's going on locally and connects businesses to our vibrant community.
Trivia answer: Distant Drums. The yell was recorded for a scene in which a soldier is dragged underwater by an alligator, then picked up its nickname two years later from Private Wilhelm, a character shot with an arrow in 1953's The Charge at Feather River — and sound designers have been quietly slipping it into films ever since.
You're reading Harbour Beat. Forward it to a neighbour — they can subscribe at harbourbeat.ca.