Retiring with a Pension

Retiring with a Pension

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/j9oIN26-Eyk” css=”.vc_custom_1713214398034{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1713214530639{padding-top: 20px !important;padding-bottom: 20px !important;}”]How does having a retiring with a pension affect your retirement plans? From a tax perspective, there are numerous advantages, and it can also change how much and when you spend your retirement savings. Follow along as we go […]

How much can you spend in retirement with a $1.5M Portfolio?

$1.5M Portfolio?

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/HZvhEbhM6ro” css=”.vc_custom_1713214114211{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1713214133032{padding-top: 20px !important;padding-bottom: 20px !important;}”]You are 65 years old, and between you and your spouse, you have $1,500,000 saved up for retirement. How much can you actually spend in retirement? Follow along as we examine Chris and Wendy’s scenario and examine their expenses […]

3 Underused Tax Strategies In Retirement

3 Underused Tax Strategies In Retirement

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/rOuWZQqGYb4″ css=”.vc_custom_1710915554586{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1710915601335{padding-top: 20px !important;padding-bottom: 20px !important;}”]Here are 3 underused tax strategies in retirement and they involve donating to charity. Before recommending these charitable donation tax strategies to clients, they need to meet certain thresholds. After these two thresholds are met, then we can dive […]

Steer Clear of These Two Mistakes in Retirement

Steer Clear of These Two Mistakes in Retirement

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/3Wh72lIhmfc” css=”.vc_custom_1710915293274{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1710915369294{padding-top: 20px !important;padding-bottom: 20px !important;}”]Typically I don’t talk about investing in our videos but today I want you to steer clear of these two mistakes in retirement. The two mistakes to avoid are poor portfolio construction not aligning your retirement portfolio with your […]

Why you shouldn’t hire me for a one-time retirement plan

Why you shouldn't hire me for a one-time retirement plan

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/katvszbX-Tw” css=”.vc_custom_1710915032204{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1710915178573{padding-top: 20px !important;padding-bottom: 20px !important;}”]Why you shouldn’t hire me for a one-time retirement plan? Because things change over time! As soon as one variable in the plan changes, the plan becomes obsolete. Income needs change, tax rules change, and investment returns vary. A […]

Why Most Retirees Underspend In Retirement

Why Most Retirees Underspend In Retirement

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/x9nkkj9Vc0c” css=”.vc_custom_1710914735586{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1710914802475{padding-top: 20px !important;padding-bottom: 20px !important;}”]Why Most Retirees Underspend In Retirement ? It’s common issue I see again and again. Turning the switch from accumulating to decumulating in retirement can be hard. To watch your portfolio go down in value is gut-wrenching for some. […]

Retiring at 55 with 2 Million

Retiring at 55 with 2 Million

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/wpgTe12Y8uI” css=”.vc_custom_1710914401672{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1710914592548{padding-top: 20px !important;padding-bottom: 20px !important;}”]What does retiring at 55 with 2 Million look like? How much will you be able to spend on a monthly basis? Find out as we walk through Heather’s situation.[/vc_column_text][/vc_column][/vc_row]

How Often Should You Make RRSP Withdrawals?

How Often Should You Make RRSP Withdrawals?

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/lFUOoTnSabc” css=”.vc_custom_1710913903241{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1710914048930{padding-top: 20px !important;padding-bottom: 20px !important;}”]How do you take money out of your RRSPs tax efficiently throughout the year? How do you do this? Do you withdraw monthly, quarterly, or annually? This is a question we receive all the time. Here are the pros […]

Tips for Withdrawing from a Large RRSP

Tips for Withdrawing from a Large RRSP

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/1RZyZlD09dQ” css=”.vc_custom_1706129350758{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1706130376556{padding-top: 20px !important;padding-bottom: 20px !important;}”]You’ve done a good job saving, and you have a sizeable nest egg set aside in your RRSPs for retirement. But how do you take this money out tax-efficiently? This is the part that most people get wrong and […]

Why Living Off Your Portfolio’s Interest in Retirement is Dangerous

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/M-9uJ1qVXrE” css=”.vc_custom_1706127382140{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1706128883386{padding-top: 20px !important;padding-bottom: 20px !important;}”]What if you could live off your portfolio’s interest without spending any of your principal? Wouldn’t that be something to know that your original capital is still there every time you look at your portfolio? With interest rates higher […]

Tax Mistakes Every Retiree Should Avoid

Tax Mistakes Every Retiree Should Avoid

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/I_3vUWzw4hg” css=”.vc_custom_1706125962708{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1706127224530{padding-top: 20px !important;padding-bottom: 20px !important;}”]There are three tax mistakes that every retiree should avoid. In retirement, there are plenty of tax planning opportunities that can save you a significant amount of money. In meeting with 100s of retirees every year, we see the […]

The Best Age to Convert Your RRSP to a RRIF

The Best Age to Convert Your RRSP to a RRIF

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/QpITwdNQui8″ css=”.vc_custom_1704405127648{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1704405920464{padding-top: 20px !important;padding-bottom: 20px !important;}”]What’s the best age to convert your RRSP to a RRIF? There are a lot of factors that go into making this decision, such as your age, your current and future income needs, and what other retirement accounts you […]

Should You Be Buying GICs At These Rates?

Buying GICs At These Rates

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/rLE1W8oh4X4″ css=”.vc_custom_1704404291299{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1704405016772{padding-top: 20px !important;padding-bottom: 20px !important;}”]Should you be buying GICs at these rates? We’re seeing rates that we haven’t seen in years, with one-year GICs paying as much as 5.41%. This is the number one question we are receiving from our clients. No joke, […]

Investing After 60

Investing After 60

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/az4puajWLAE” css=”.vc_custom_1704403539991{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1704404116083{padding-top: 20px !important;padding-bottom: 20px !important;}”]Investing after 60 doesn’t have to be the complex retirement puzzle the investment industry makes it out to be. How can you invest your retirement portfolio in a simple way so that you can spend your time enjoying life […]

4 Ways to Calculate What You Can Spend in Retirement

4 Ways to Calculate What You Can Spend in Retirement

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/lL9AMYslC74″ css=”.vc_custom_1700154773577{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1700155259279{padding-top: 20px !important;padding-bottom: 20px !important;}”]Are you wondering how much you can spend in retirement? If so, you’re not alone. In our latest video, we tackle this crucial question and provide 4 ways to calculate what you can spend in retirement.   The First […]

Retiring Soon? 3 Things to Consider

Retiring Soon, Consider these 3 things

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/YZo49qVgnAQ” css=”.vc_custom_1699034094088{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1699036365552{padding-top: 20px !important;padding-bottom: 20px !important;}”]Drawing from countless conversations with retirees, if you’re retiring soon, I think you should consider these three core components.   Clarity on Your Retirement Goals and Expenses The foundation of a successful retirement lies in having a clear vision […]

Inflation in Retirement

Inflation in Retirement

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/J969UP1–fo” css=”.vc_custom_1699033131493{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1699033963122{padding-top: 20px !important;padding-bottom: 20px !important;}”]In the realm of retirement planning, a hidden danger lurks, quietly eroding the foundation of your financial security: inflation. Today, we’ll dig into the impact of inflation in retirement and explore how to build a plan that guards against […]

Managing Your Tax Brackets in Retirement

Managing Your Tax Brackets in Retirement

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/hZniNa0reho” css=”.vc_custom_1699031587886{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1699032881455{padding-top: 20px !important;padding-bottom: 20px !important;}”]In the quest to effectively draw down your retirement portfolio, there’s one critical mistake you can’t afford to make—not managing your tax brackets in retirement. As we’ve explored in previous discussions, there’s no universal approach to withdrawing from your […]

Does the CRA Owe You Money?

Does the CRA owe you money?

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/pNV3lcxo7NM” css=”.vc_custom_1699030613282{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1699030972901{padding-top: 20px !important;padding-bottom: 20px !important;}”]In today’s video, we’re delving into an unusual topic – finding out if the Canada Revenue Agency (CRA) owes you money and exploring key details for retirement planning. Yes, you read that right; the CRA might owe you money! […]

Tax-Efficient Retirement Withdrawal Strategies

Tax-Efficient Retirement Withdrawal Strategies

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/CZ9luOOhz1c” css=”.vc_custom_1699022153690{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1699024203181{padding-top: 20px !important;padding-bottom: 20px !important;}”]Do you find yourself burdened by high taxes during retirement? Focusing on tax-efficient retirement withdrawal strategies could save you thousands, if not hundreds of thousands of dollars in taxes throughout your retirement.   The Retirement Tax Challenge Retirement success […]

How Much Can You Spend In Retirement?

How Much Can You Spend In Retirement?

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/xy9fm8LabQU” css=”.vc_custom_1695257135755{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1695257153050{padding-top: 20px !important;padding-bottom: 20px !important;}”]You’re 60 and you and your spouse have saved up $1 Million for retirement. How much are you going to be able to spend monthly in retirement? This is the exact question we got asked last week. Today we […]

Unlocking the TFSA Secret

Unlocking the TFSA Secret

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/H0_a4IWwZGk” css=”.vc_custom_1695256838230{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1695256848378{padding-top: 20px !important;padding-bottom: 20px !important;}”]Is there a wrong way to use your TFSA? We see it all the time. The result, missed growth and potential tax consequences. What’s the fix? Lets dig into it.[/vc_column_text][/vc_column][/vc_row]

Which Account Should You Pull From First In Retirement?

Which Account Should You Pull From First In Retirement?

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/ag2dEb6WGA0″ css=”.vc_custom_1695256591435{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1695256602924{padding-top: 20px !important;padding-bottom: 20px !important;}”]Pulling income from the wrong retirement at the wrong time can lead to hefty tax bills. So what account should you pull from first? Let’s dig into it![/vc_column_text][/vc_column][/vc_row]

RRSP Withdrawals Done Wrong!

RRSP Withdrawals Done Wrong!

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/xdazbDGgZlA” css=”.vc_custom_1695256372526{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1695256382030{padding-top: 20px !important;padding-bottom: 20px !important;}”]Many Canadians enter retirement without a serious plan to withdraw their RRSP’s tax efficiently, causing them to pay more tax than they need to. Here are a couple of examples of RRSP Withdrawals Done Wrong![/vc_column_text][/vc_column][/vc_row]

Withdraw From RRSP Tax-Free!

Withdraw From RRSP Tax-Free

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/cq382duYkg4″ css=”.vc_custom_1695255725576{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1695255865879{padding-top: 20px !important;padding-bottom: 20px !important;}”]Don’t miss out on this RRSP conversation opportunity. See how Crystal missed out on 3 years of tax-free RRSP withdrawals.[/vc_column_text][/vc_column][/vc_row]

Financially Helping Your Grandchildren

Financially Helping Your Grandchildren

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/-wNLkRw_3o4″ css=”.vc_custom_1690217493745{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row]

Retirement What Ifs

Retirement What Ifs

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/SZErI0unZbw” css=”.vc_custom_1690217158884{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row]

Don’t Fall For This Retirement Trap

Don't Fall For This Retirement Trap

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/fRDW5cpijCQ” css=”.vc_custom_1690217106020{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row]

Retirement Asset Map

Retirement Asset Map

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/PqqI3dDac68″ css=”.vc_custom_1690216250631{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row]

Reduce Retirement Stress

Reduce Retirement Stress

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/6KWuayRuMRw” css=”.vc_custom_1689871994611{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row]

Taking Your CPP Early To Invest

Taking CPP Early to Invest

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/ubaxTNXfc70″ css=”.vc_custom_1689869681180{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row]

What happens to your RRSPs when you retire?

What happens to your RRSPs when you retire

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/kMkonk7WhnI” css=”.vc_custom_1689869526639{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row]

RRSP Withdrawals Due To Shortened Life Expectancy

RRSP Withdrawals Due To Shortened Life Expectancy

[vc_row][vc_column][vc_video link=”https://youtu.be/-zDiSZxw-hc” css=”.vc_custom_1689869004749{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column][/vc_column][/vc_row]

Maximizing Your Government Benefits

Maximize Your Government Benefits

[vc_row][vc_column][vc_video link=”https://youtu.be/gInDkXCZ8f0″ css=”.vc_custom_1682537628930{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Most Canadians are leaving money on the table when it comes to maximizing their government benefits. In the video above, we review a strategy that individuals and financial advisors often miss.   Meet Mike Mike is 65 years old, and his goal in retirement was to be able to […]

Can You Retire On $1 Million

Can You Retire On $1 Million?

[vc_row][vc_column][vc_video link=”https://youtu.be/aEI85eQWOzY” css=”.vc_custom_1680022632585{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]In our third video in this series, can you retire on $1 million, we look at Richard & Sharon Smith’s financial situation. Let’s see what their financial picture looks like.   Let’s start with Sharon. She is currently 60 years old and has the following, RRIF: $400,000 TFSA: $100,000 […]

Drawdown Your RRSPs, 3 Reasons Why You Should

[vc_row][vc_column][vc_video link=”https://youtu.be/NHxPmnG3-dA” css=”.vc_custom_1679067241140{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]RRSPs are a popular retirement savings account, but it may be advisable to draw them down aggressively once retired.  Here are 3 reasons to aggressively drawdown your RRSPs.   RRSP Tax Bomb There are many people out there who hate RRSPs. I often hear stories like, “My parents had […]

Dividends Don’t Add Value

Dividends Don't Add Value

[vc_row][vc_column][vc_video link=”https://youtu.be/HKo6FKD4qz0″ css=”.vc_custom_1677120607021{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Many investors and financial advisors are fond of dividends and base their entire investment strategy on companies that pay dividends. However, it’s time to take a closer look at the reality of dividends and their impact on investment performance. The truth is, and I might be upsetting the dividend-loving […]

Do You Need Life Insurance Once You Are Retired?

Do you need life insurance once you retire

[vc_row][vc_column][vc_video link=”https://youtu.be/cc9qZaJgMPQ” css=”.vc_custom_1675821548137{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Do you need life insurance once you are retired? Life insurance is an important consideration for many people, but as you reach retirement age, the question of whether or not to continue coverage becomes even more complex. Let’s discuss the pros and cons of having life insurance in retirement […]

Avoid This Retirement Mistake

Avoid this retirement mistake

[vc_row][vc_column][vc_video link=”https://youtu.be/K75ckiivCK0″ css=”.vc_custom_1675820724100{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Retirement is a time to kick back, relax, and enjoy the fruits of your labor, but it’s also important to be careful with your finances. One mistake we often see is the lack of planning for major purchases, such as buying a new car. Now, we know what you’re […]

How to make retirement withdrawals in a bad market

Retirement withdrawals in a bad market?

[vc_row][vc_column][vc_video link=”https://youtu.be/uj4W_H8q118″ css=”.vc_custom_1673225605045{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]When the stock market goes through a bad year, it becomes increasingly difficult to make withdrawals from your portfolio. So, what’s the best way to make retirement withdrawals during a bad market? We’re all familiar with the investing adage to buy low and sell high, but without proper planning, […]

Beware Of Buying Investments Before End Of The Year

Beware of Buying Investments before the end of the year

[vc_row][vc_column][vc_video link=”https://youtu.be/NAx9dCN8dtk” css=”.vc_custom_1673223505786{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]It’s the beginning of December, and Bob has purchased a rental property from his brother. Imagine how unfair it would be if Bob had to pay tax on his brother’s rental income for the entire year. Fortunately for Bob, that’s not the case, but this can happen when you purchase an investment in a non-registered account. […]

Can You Retire on $750,000?

Can You Retire on $750,000?

[vc_row][vc_column][vc_video link=”https://youtu.be/FCugi2kEmrc” css=”.vc_custom_1673221771632{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]In our second video in this series, can you retire on $750,000, we look at Mr. & Mrs. Wilson’s financial situation. Let’s see what their financial picture looks like.   Financial Picture Let’s start with Mrs. Wilson. She is currently 68 years old and has the following, RRIF: $350,000 […]

Extra RRSP Withdrawal

Extra RRSP Withdrawal

[vc_row][vc_column][vc_video link=”https://youtu.be/gJWERBrGmAQ” css=”.vc_custom_1673040534150{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]As we approach the end of the year, there are a few tax planning strategies that you should consider before the year is out.  Let’s look at if it makes sense to make an extra RRSP withdrawal before the end of the year.   Tax Planning Strategy #1: RRSP/RRIF […]

Tax-Loss Selling

Tax-Loss Selling

[vc_row][vc_column][vc_video link=”https://youtu.be/4VQ7JlpHdDg” css=”.vc_custom_1673039432816{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]What is year-end tax-loss selling, and should you care? When stock markets go through a tough year, the opportunity to take advantage of tax-loss selling arises. So, what exactly is tax-loss selling? Let’s go through an example to find out.   Tax-Loss Selling Judy bought $400,000 of ABC Bank shares in […]

What Happens To Your CPP When You Pass Away?

What happens to your CPP when you pass away?

[vc_row][vc_column][vc_video link=”https://youtu.be/u2C_F79nlS4″ css=”.vc_custom_1672961512503{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]What happens to your CPP when you pass away? Let’s assume that both you and your spouse are receiving CPP; what would happen if one of you were to pass away?   How CPP is calculated Before we can get into that, we must first understand how your CPP […]

Deferring Your OAS

Caution When Deferring Your OAS

[vc_row][vc_column][vc_video link=”https://youtu.be/TQrIlisCLsA”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text css=”.vc_custom_1672760792715{padding-top: 20px !important;padding-bottom: 20px !important;}”]Today we looking at deferring your Old Age Security Pension, whether or not it makes sense, and a major red flag you need to consider if you are going to defer.   Eligibility For many people, the Old Age Security (OAS) pension will make up a portion of their […]

Can You Retire On $500,000?

Can You Retire On $500,000?

[vc_row][vc_column][vc_video link=”https://youtu.be/XWTUbbWIjRE” css=”.vc_custom_1672428534810{padding-top: 20px !important;padding-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Can you retire on $500,000? This is the first video in a new series where we will look at whether you can retire on X amount of dollars. Check out our next video, Can you retire on $750,000? Today we’re going to be using Mr. and Mrs. Baker as […]

Can You Deduct You Financial Advisory Fees?

Can I Deduct my Advisory Fees

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/L6qNwsjmRvc” css=”.vc_custom_1666203207254{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1666207494765{padding-top: 20px !important;padding-bottom: 20px !important;}”]Can you deduct your financial advisory fees? The short answer, It depends. Today, we’ll be going over the top 3 methods Canadian advisors use to charge their clients and whether or not those methods allow you to deduct their fees […]

Best Questions To Ask A Financial Advisor

Best Questions To Ask A Financial Advisor

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/mYYBXuUOFFY” css=”.vc_custom_1663949989742{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1663950614367{padding-top: 20px !important;padding-bottom: 20px !important;}”]Whether you are looking to hire a financial advisor or already working with someone, there are a few key questions that you should get answered. Let’s dig into these questions and review some of the answers that should raise […]

Should You Be Using More Than One Financial Advisor?

Should You Be Using More Than One Financial Advisor?

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/c0Mw80i-W_g” css=”.vc_custom_1662487692239{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1662487832459{padding-top: 20px !important;padding-bottom: 20px !important;}”]Instances of clients using multiple advisors rose after Bernie Madoff’s Ponzi scheme was revealed during the 2008 financial crisis. However, in good or bad times, multiple advisors can lead to higher fees and lost efficiencies. Ponzi Scheme Protection Nobody […]

Case Study: Simple Tweak Saves $50,000 in Taxes

Simple Tweak Saves $50,000 in Taxes

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/Y_vUPZlcJvk” css=”.vc_custom_1661864039191{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1661864354903{padding-top: 20px !important;padding-bottom: 20px !important;}”] Two Main Concerns Sarah was concerned about two things now that she was retired. The first being how to invest tax efficiently. The second concern was with the portfolio fluctuations that she had experienced and now that she […]

Is Now The Right Time To Buy GICs?

Is Now The Right Time to buy Gics?

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/7OfiJJNvXE8″ css=”.vc_custom_1659448945344{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1659449580385{padding-top: 20px !important;padding-bottom: 20px !important;}”] Is now the right time to be buying a GIC? Lets start with, what exactly is a GIC? A GIC is a term investment that pays you a guaranteed interest rate on the anniversary of your purchase. Generally […]

Retirement Plan Leads to $900,000 in Savings

Retirement Plan Leads to $900,000 in Savings

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/LyARyAqkxqw” css=”.vc_custom_1656081943350{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1656083233452{padding-top: 20px !important;padding-bottom: 20px !important;}”]Here is a real-life example of how two tweaks to a couple’s retirement plan, saved them over $900,000. For this video, we start by going over Donna and Steve’s (names have changed for confidentiality reasons) background and going over […]

4 Conflicts Faced by Financial Advisors

4 Conflicts Faced by Financial Advisors

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/XYdZYMit0o4″ css=”.vc_custom_1654110574687{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1654115009964{padding-top: 20px !important;padding-bottom: 20px !important;}”] Video Transcript: 4 Conflicts Faced by Financial Advisors If you are working with a financial advisor, you need to be aware of a few conflicts of interest that can affect your bottom line. Conflicts of interest will arise […]

What is the difference?

Investment Advisor vs Mutual Fund Rep vs Portfolio Manager: What is the difference?

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/PxNda6ZUKDE” css=”.vc_custom_1652892147483{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1652892573120{padding-top: 20px !important;padding-bottom: 20px !important;}”] Different Advisors Investment Advisor versus Mutual Fund Representative versus Portfolio Manager, why does it have to be so confusing? In the world of financial advising, it’s the wild west when it comes to job titles. You’ll see things […]

Book Value vs Market Value

Book Value vs Market Value

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/A2rkQFWgYVk” css=”.vc_custom_1651091854040{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1651191028909{padding-top: 20px !important;padding-bottom: 20px !important;}”]Book Value vs Market Value If you look at your investment statements, you will see a book value and a market value. Here is a quick explanation of the difference between the two and why it is not the […]

Are You On Track To Retire?

Are you on track to retire?

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/T1bZnGQs298″ css=”.vc_custom_1650475923452{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1650476415337{padding-top: 20px !important;padding-bottom: 20px !important;}”] Video Transcript: Are you on track to retire? Today, we’re going over how we determine whether clients are on track to retire. Let’s jump into an example.   First Thing to Determine Debbie is 57 and looking to […]

First Home Savings Account

First Home Savings Account

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/McWO2JT4_7A” css=”.vc_custom_1649865864217{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1649866431381{padding-top: 20px !important;padding-bottom: 20px !important;}”] Video Transcript: First Home Savings Account Today we’re going over the brand new Tax-Free First Home Savings Account (FHSA), which was recently introduced in the 2022 Canadian Budget. One of the major initiatives of this year’s budget was […]

3 Reasons Retirement Plans Fail

3 Reasons Retirement Plans Fail

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/p6Pi6W-1c9A” css=”.vc_custom_1648516766968{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1648521346724{padding-top: 20px !important;padding-bottom: 20px !important;}”] Video Transcript Today I want to talk about 3 reasons retirement plans fail.   First Reason The first reason your retirement plan can fail is oversimplification. I was speaking with a gentleman a few weeks ago, who was […]

3 Mistakes to Avoid in Retirement

3 Mistakes to Avoid in Retirement

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/uzqJ7O71kXQ” css=”.vc_custom_1647281483668{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1647961428693{padding-top: 20px !important;padding-bottom: 20px !important;}”]Check out the video above to find out the three mistakes you should avoid in retirement. We also started a new YouTube page recently and would appreciate it if you could subscribe to our channel. You can do so […]

Access Money From Your LIRA

Access Money From Your LIRA Account

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/af0KFgu4sYQ” css=”.vc_custom_1644258310258{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1644258356979{padding-top: 20px !important;padding-bottom: 20px !important;}”] What is a Manitoba LIRA? A Locked-in Retirement Account (LIRA) is a type of registered pension plan. If you worked for a company that had a pension plan and subsequently left that company for any number of reasons, you were […]

Don’t Run Out of Money

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/5r5INLh7Bbg” css=”.vc_custom_1642612256914{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text] Don’t run out of money In working with clients who are approaching retirement or early into it, there are two things they want to avoid. Large fluctuations in the value of their portfolio It’s time to be enjoying life, not worrying about a […]

Do You Own Mutual Funds?

Do you own mutual funds?

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/palMyXSrM0o” css=”.vc_custom_1634580487997{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text] Do you own mutual funds? If so, there’s likely a 98% chance your portfolio has had a below-average performance.   [/vc_column_text][/vc_column][/vc_row]

Tax-Free RRSP Withdrawals

RRSP Withdrawals

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/j94SRt3X5sU” css=”.vc_custom_1633117683533{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text]Are Tax-Free RRSP Withdrawals possible? Let me tell you how we are able to do this. Last week, I was sitting down with a gentleman we’ll call John. Like many Canadians, John had buyers remorse regarding his RRSPs. When he went to make a […]

Use the Bank’s Money

Use the Banks Money

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/yIIr8H6eNjw” css=”.vc_custom_1627402856419{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text]In this video, I’ll show you how you can grow your net worth by using the equity already built into your home.[/vc_column_text][/vc_column][/vc_row]

Is Being Low Risk, High Risk?

Is Being Low Risk, High Risk?

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/9Vwr8DjdLWk” css=”.vc_custom_1626107535062{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text]Today we are talking low-risk investments. The assumption is that low-risk investments are the safest option. When in fact, you are losing your purchasing power thanks to low-interest rates and rising inflation.[/vc_column_text][/vc_column][/vc_row]

Invest Tax-Free: MTAR Account

Invest Tax-Free

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/V9PzignBjxs”][vc_column_text css=”.vc_custom_1620140093905{padding-top: 20px !important;padding-bottom: 20px !important;}”] In Canada, there are three ways you can grow your savings tax-free. Tax-Free Savings Account Principle Residence MTAR Accounts Most Canadians aren’t aware of MTAR accounts and the huge benefits they provide. This is especially true if you plan on leaving funds to […]

Bitcoin

[vc_row][vc_column][vc_video link=”https://youtu.be/CxEyGmBtZas” css=”.vc_custom_1619501881071{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text css=”.vc_custom_1619502231933{padding-top: 20px !important;padding-bottom: 20px !important;}”]Our quick thoughts on whether or not you should be adding Bitcoin to your investment portfolio. Here are a couple of links if you are looking for more information on Bitcoin and Cryptocurrencies What are Cryptocurrencies Bitcoin Chart [/vc_column_text][/vc_column][/vc_row]

RRSP Tax Bomb

RRSP Tax Bomb

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”https://youtu.be/yd1jwxKchYI”][vc_column_text css=”.vc_custom_1639420006496{padding-top: 20px !important;padding-bottom: 20px !important;}”] One of the biggest issues with an RRSP is the tax bomb it can create. We first go over the Canadian tax system to understand why this tax bomb can happen and then a strategy on how to avoid it! How can you […]

What is a reverse mortgage

Reverse Mortgage

[vc_row][vc_column][vc_video link=”https://youtu.be/kcx3bQ_zx1o” css=”.vc_custom_1615868350972{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;border-radius: 10px !important;}”][vc_column_text] What is a reverse mortgage Where were you when you first heard the term reverse mortgage? If you’re like me, it was through a cheezy commercial on day time TV. Because of this, I was always skeptical of these products, and I […]

The Easiest Way to Reduce Your Tax Bill

Easiest Way to Reduce Your Tax Bill

[vc_row][vc_column][vc_video link=”https://youtu.be/nSpI2-dtGPw” css=”.vc_custom_1633105309436{padding-bottom: 20px !important;}”][vc_column_text] The Easiest Way to Reduce Your Tax Bill  Click above to view video! Thank you for watching our video.[/vc_column_text][/vc_column][/vc_row]

Gamestop: Explained

[vc_row][vc_column][vc_video link=”https://youtu.be/zUlGeTVEc2g”][vc_column_text css=”.vc_custom_1612542540465{padding-top: 20px !important;padding-bottom: 20px !important;}”]See my latest video on the craze that is Gamestop’s stock. I try to keep it simple so you can understand what’s going on and why this is so interesting to watch.[/vc_column_text][/vc_column][/vc_row]

Should I Be Buying RRSPs?

Should I be Buying RRSPs

[vc_row][vc_column][vc_video link=”https://youtu.be/WCWwAhFa7kY” align=”center” css=”.vc_custom_1612464257262{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text] Should I Be Buying RRSPs? The answer to that question is going to depend on a few different factors. This latest video can help you understand whether or not investing in RRSPs is the right decision for you. [/vc_column_text][/vc_column][/vc_row]

Managing Your Portfolio in Retirement

Managing Your Portfolio in Retirement

[vc_row][vc_column][vc_column_text]https://youtu.be/3mwAUqolv20   Managing Your Portfolio in Retirement The financial industry tends to make things more complex than they need to be. As a result, topics like this usually go in one ear and out the other. My aim with this webinar is to simplify this topic by providing an explanations (in simple English). This webinar will cover topics to be aware of as you approach or […]

Retirement: What You Need to Know

Retirement What You Need to Know

[vc_row][vc_column][vc_column_text]https://youtu.be/6UwIGk_WKoU     You’ve worked hard for decades, and now that you are approaching or entering retirement, you could find yourself exposed to significant taxes without the proper strategies in place. Keep more of what you’ve built and enjoy the retirement you deserve.   This complimentary video will cover the following topics: Am I on […]

Getting The Best Of Both Worlds From Your Pension

Getting the Best of Both Worlds From Your Pension

[vc_row][vc_column][vc_column_text]https://www.youtube.com/watch?v=lqV8Ehobmkc Wouldn’t it be great to have the benefits of commuting your pension as well as the benefits of a monthly pension? In this brief video, I go over how you can have the best of both worlds. As always, if you’d like to discuss your personal situation and explore your financial options, feel free […]

How Commuting Your Pension Allows You To Manipulate Your Income

How Commuting Your Pension Allows You To Manipulate Your Income

[vc_row][vc_column][vc_column_text]https://www.youtube.com/watch?v=TrjWlPOqz2w&feature=youtu.be Deciding between commuting your pension or opting for the monthly income stream is a big retirement decision that contains several complexities. In this brief 3-minute video I provide clarity on the benefits of taking the commuted value compared to the monthly income stream. If you’d like to discuss your personal situation and explore your […]

Understanding the Proposed CSSB Pension Changes

Understanding The Purposed CSSB Pension Changes

[vc_row][vc_column][vc_column_text css=”.vc_custom_1611896333374{padding-bottom: 20px !important;}”]https://youtu.be/2r5I0HeZNa4?t=2 *It was expected that Bill 43 would receive Royal Assent (Approval) when the Legislature reconvened in the fall. However, since the Throne Speech was moved up to October 7th, the bills that were being discussed during the spring session have been put on pause. Because of this, the status and timing […]

How to properly manage a retirement portfolio

How to Properly Manage a Retirement Portfolio

[vc_row][vc_column][vc_column_text]https://youtu.be/q9N2DAt0Djk   Are you tired of turning on the nightly news and worrying about how the day’s events are affecting your retirement portfolio? Are you worried about the day-to-day fluctuations of the stock market? This week we take a look at how to properly manage your retirement portfolio with the Bucketing Strategy so that you […]

Why your rate of return isn’t as important as you think

Rate of Return

[vc_row][vc_column][vc_video link=”https://youtu.be/SDGXOkQjgxE” css=”.vc_custom_1623956167399{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text] Rate of return vs timing of return Many people believe that the rate of return they earn in their investment portfolio is the number one factor in determining the success of their retirement plan. Although essential, today I want to review why it’s even more important not to […]

What happens when you withdraw your pension?

What happens to pension

[vc_row][vc_column][vc_column_text]https://youtu.be/JcziaDS5R2M     Today we’ll be going over what happens when choosing the lump sum payout option from your defined benefit pension plan. As you’re likely aware, a defined benefit pension plan will pay you a monthly income for life, so why choose the lump sum payout option instead? A few common reasons include: Pension […]

How to supercharge your RRSP

How to supercharge your RRSP

[vc_row][vc_column][vc_column_text]       Don Jacobs is three years away from retirement and is looking for a way to supercharge his RRSP. With the 2018 RRSP deadline just around the corner, we help Don maximize his contributions so he can achieve his retirement goal in the next three years. Now that Don’s contribution has been […]

When should you apply for your CPP?

When should you apply for your CPP?

[vc_row][vc_column][vc_column_text]https://www.youtube.com/watch?v=-WEtYpTdysg&feature=youtu.be When should you be applying for your CPP? This week we take a look at the long-term financial impacts of your decision and what variables you should take into consideration. Looking for more advice? Take a look at our 2 part CPP series which includes An argument for taking CPP later and An argument for taking […]

Am I on Track to Retire? – Video

Am I on Track to Retire

Am I on track to retire? This is a very common question I receive, so today I wanted to give you a simple way that you can get an answer to this question without pulling your hair out. Bob is 55 years old and approaching retirement. He plans on spending his winters in Phoenix and […]