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.

Happy Sunday, Thunder Bay! Day two of the long weekend, and it's a sunny one. In today's issue: South Core Roar packs downtown Fort William and runs one more day, Waverley Library turns 75 and seals 2026 in a box, volunteers scrub the vandalized Summer Matsuri signs clean, and the fire ban is still very much on. Plus eight things worth doing between now and Thursday. ☀️

In this Harbour Beat Issue…

  • 🚗 Fort William roars — and it runs one more day

  • 📚 Waverley Library turns 75 and buries 2026 in a box

  • 🎌 Vandals hit the Matsuri signs. Volunteers scrubbed them clean.

  • 🔥 The fire ban is still on for the long weekend

Trivia: About how long does a single red blood cell survive in your bloodstream before your body replaces it? (Answer at the bottom!)

One more day of the long weekend, then the CLE midway takes over Wednesday. Note the fire ban is still in effect — no open fires, no fireworks, no backyard campfires. (Regional wildfires are still burning and a wind shift can change air quality fast, so check with the organizer before you head out to anything outdoors.)

Sunday, August 2

  • AUG 2 · South Core Roar — final day — 11 a.m.–5 p.m. · 📍 Downtown Fort William, 513 Victoria Ave. E. · Free · Classic cars, motorcycles, two stages, Indigenous programming, kids' crafts and 17 food vendors, one last time · 📅 Add to Calendar

  • AUG 2 · Festa Italiana — noon–11 p.m., and again Monday from 1 p.m. · 📍 Italian Cultural Centre, 132 Algoma St. S. · Free admission · Its 36th year: Italian food, live music and dancing right through the holiday Monday · 📅 Add to Calendar

  • AUG 2 · Sundays in the Park at Chippewa — 1:30–3:30 p.m. · 📍 Chippewa Park Main Stage, 1735 City Rd · Free · Live music north of the Pavilion — bring a lawn chair and stay a while · 📅 Add to Calendar

Monday, August 3 — Civic Holiday

Wednesday, August 5

  • AUG 5 · Canadian Lakehead Exhibition opens — from noon, running through Sunday, Aug. 9 · 📍 CLE Grounds, 425 Northern Ave. · Opening day of the 135-year-old fair: midway rides, live entertainment, games, exhibits and far too much food on a stick · 📅 Add to Calendar

  • AUG 5 · Live on the Waterfront — 6–9 p.m. · 📍 Marina Park Festival Area, Water St · Free · The Wednesday-night waterfront concert series, with food vendors and the harbour behind the stage · 📅 Add to Calendar

Thursday, August 6

  • AUG 6 · FIRE AID! Wildfire Relief Concert — doors 7:30 p.m., music from 8 p.m. · 📍 Black Pirates Pub, 215 Red River Rd · $10 · Opening night of a three-night, all-ages benefit for families and First Nations hit by this summer's wildfires, with five local acts on the bill · 📅 Add to Calendar

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.

NO WEATHER ALERTS — BUT THE FIRE BAN IS STILL ON

Environment Canada has no warnings posted for Thunder Bay as of Saturday evening. The city's fire ban and the province's restricted fire zone both remain in effect, though: no open-air burning, no backyard campfires, no fireworks. Propane fire tables, enclosed wood stoves and barbecues are still allowed. Latest alerts at Environment Canada.

☀️ Sunday, August 2 — Thunder Bay

24°C

Humidex 27 · Overnight low 10°C

Sunny · No rain expected · UV 7 (high)

Just about a perfect day for it. Sunny straight through, a high of 24°C and a humidex of 27 — warm enough for the festival circuit, cool enough that you won't wilt in it. No rain in the forecast. The catch is the UV index of 7 (high), which burns unprotected skin in about 20 minutes, so pack the sunscreen and a hat if you're standing on Victoria Avenue all afternoon. Clear tonight with a fresh low of 10°C — bring a layer if you're out late. Monday looks even better: sunny and 26°C for the civic holiday, with showers holding off until the evening. Full forecast and any new alerts at Environment Canada.

Fort William roars — and it runs one more day

Victoria Avenue, Brodie Street and the block around Patterson Park disappeared under classic cars, motorcycles and food tents on Saturday as the first-ever South Core Roar got going. Organizers built the festival around the south core's redevelopment — the old Victoriaville Centre is gone and the district is trying to show people what's replaced it. “People forget what's down here. They forget the good, and this is all about the good,” said co-chair Rajni Agarwal of the Fort William BIA. Saturday brought two stages, 17 food vendors, an Indigenous learning area, chalk art and a digital passport game with a helicopter ride as a prize. Friday's motorcycle ride drew about 15 riders after some American participants pulled out over the wildfires. It all runs again today, 11 a.m. to 5 p.m.

Waverley Library turns 75 and buries 2026 in a box

Hundreds of people turned up at Waverley Library on Saturday for a 75th birthday party that ended with a time capsule being sealed shut — not to be opened until 2070. Inside: a 2026 library card, staff and community letters, branch photos, circulation stats, cost-of-living figures, a USB of video messages, and the “top secret” architectural drawings for the branch's upcoming renovation. Also in the box, a snapshot of what the city was actually reading and watching this year — the most-borrowed fiction title, nonfiction title and DVD of 2026. Children at the party helped load it. CEO Richard Togman said the turnout said it all: “We underappreciated just how much the library means to the community, and they're showing that with their feet today.” The renovation itself — roughly $8 million for foundation repairs, accessibility upgrades and new programming space — goes to tender later this year, with construction expected to start in early 2027. An original capsule buried decades ago will be dug up during the work.

Vandals hit the Matsuri signs. Volunteers scrubbed them clean.

Someone sprayed blue paint across the Lakehead Japanese Cultural Association's promotional signs for its fourth annual Summer Matsuri. For a small non-profit, replacing them would have eaten a real chunk of the operating budget. Instead, volunteers turned out and scrubbed — and got every trace of the paint off. “While the vandalism was a discouraging moment, our volunteers stepped up, our spirit remains strong,” the association said. The festival is on as planned: Saturday, Aug. 15, 4:30–9:30 p.m. at the West Thunder Community Centre, free to attend, with taiko drumming, kimono dressing demonstrations, martial arts, a cosplay contest, karaoke, artisan vendors and Japanese food.

The fire ban is still on for the long weekend

If you're heading to camp for the holiday Monday, leave the matches alone. A restricted fire zone covers the entire northwest until further notice, and the City of Thunder Bay's own fire ban — in place since July 14 — is still running on top of it. All fire permits are suspended. No open-air burning, no campfires, no recreational wood fires, and the city isn't allowing fireworks anywhere, backyards included. Special-occasion permits, like the ones used at ball games, are on hold too. Anyone who starts a fire with fireworks can be charged and billed for the full cost of putting it out. What's still fine, per fire prevention division chief Kevin Anderson: propane and natural-gas fire bowls, enclosed wood stoves and saunas, and charcoal or fuel-fired barbecues — kept clear of anything combustible and ideally not used on a windy day. And be careful with cigarette butts. As for why it hasn't lifted: “There's a lack of resources because there are so many fires,” Anderson said. “Any one we can avoid is just all the better.”

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: About 120 days. Red blood cells have no nucleus and can't repair themselves, so after roughly four months of squeezing through capillaries they're broken down in the spleen and liver — which is why your bone marrow turns out something like two million replacements every second.