Most people struggle with money.  It might feel like you’re the only one who doesn’t have it all figured out, but trust me, you’re not alone.  Over the last two months, I’ve had countless conversations with individuals just like you who are grappling with various financial concerns.  Let me share some of the common worries… The post Take Control of Your Finances in One Step appeared first on Ed Rempel ..read more

The National Post asked me to review the finances of a couple who want to retire in their 50s. They’d like to spend three to four months a year in a warmer climate. They have a $1.6 million investment portfolio that generates about $52,000 a year in dividends, they have a combined annual income of… The post National Post Article: Couple has a compelling reason for wanting to break with the retirement mould appeared first on Ed Rempel ..read more

Here are three key insights that I believe are essential for navigating the rest of the year and beyond.  These insights are grounded in the principles that have guided our successful financial planning and investment strategies. The three key areas: Some timeless truths that guide our financial planning, a few observations on the markets so… The post Mid-Year Insights 2024: Timeless Truths, Market Observations, and Practice Updates appeared first on Ed Rempel ..read more

A couple are about to buy a house in the next couple of months, but their money is in their First Home Savings Account (FHSA). They are not sure when to withdraw their money. They are worried that if they keep the money in the FHSA until they have a deal, it might cause a… The post Money123 Article: Buying a House? Timing Your First Home Savings Account (FHSA) Withdrawal appeared first on Ed Rempel ..read more

Many people are saving for their kids’ future education costs in an RESP. For some parents, it is a higher priority and they want to be able to maximize the benefits of an RESP – not just contribute the standard $2,500/year for each child. In my latest blog post, video, and podcast episode I talk… The post Top 5 Hacks To Maximize Your Child’s RESP appeared first on Ed Rempel ..read more

The Smith Manoeuvre has long been a popular strategy for Canadian homeowners seeking to convert their mortgage debt into tax-deductible investment debt.  However, recent tax and regulatory changes have impacted the efficacy of the Smith Manoeuvre, and further changes from the Liberal government could pose additional challenges. In my latest blog post, YouTube video and… The post What Happens if the Liberals Attack the Smith Manoeuvre? appeared first on Ed Rempel ..read more

The National Post asked me to review the finances of a newly retired couple who are snowbirds.  They are currently paying $15,000 a year in investment fees, but feel they don’t get much tax or financial planning advice. They are also business partners who have worked in the U.S. One has a Canadian-United States citizenship,… The post National Post Article: Snowbirds paying $15,000 a year in investment fees worry about growing their nest egg appeared first on Ed Rempel ..read more

Have you ever wondered how long you might live?  Understanding life expectancy is crucial for planning a secure and fulfilling future.  In my latest blog post, YouTube video and podcast episode I explore the dramatic changes in life expectancy over the past century, why it’s expected to continue increasing, and how this impacts your retirement planning.  You’ll learn: Has life expectancy actually doubled since 1900? How fast life expectancy is increasing. Why life expectancy is expected to increase. How long you can expect to live from today, How long you should expect to be ..read more

Deciding between a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP) can be one of the most challenging financial decisions you’ll face.  Each has its benefits, and the right choice depends on your unique financial situation.  In this post, I’ll guide you through understanding the factors that determine whether a TFSA or RRSP is better for you and how a financial plan can provide you with the precise answer. In my latest blog post, video and podcast episode I talk about:  The secret to minimizing your lifetime tax. Understanding how tax brackets ..read more

A newly married couple are combining their finances. Both have significant debt. Their debt is made up of student loans, a car purchase, a mortgage, and a bit of credit card debt. They asked a question on how to manage it in the most efficient manner and if they should merge all debt into one monthly payment.  As a financial planner for Global News’ Money123 online email newsletter, I answer reader questions about investing, managing your finances, and planning for your future. In the latest email to subscribers, I give this couple my insights on tackling their debt and how to get the lo ..read more