These often-overlooked planning opportunities within the non-registered account can have a significant impact on your retirement and the amount of tax you will pay.  ****The 2024 Federal Budget released a day after this episode went live impacts some of the content, specifically regarding Capital Gains Inclusion Rates. Click here to learn more*** Specifically, we are going to discuss:  Understanding the difference between registered and nonregistered accounts  The three ways your non-registered account is taxed.  Five planning opportunities for retirees  The po ..read more

Advisory fees... what is a reasonable amount and what should I be receiving in return?  In today's episode, lets chat advisory fees.   Specifically, we are going to discuss:  The two most common kinds of advisory fee models in Canada  The range of advisory fees you may come across  What true advisory value looks like  Is working with an advisor the right choice for you  Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.   WANT EVEN MORE RETIRMENT PLANNING TIPS?  Join th ..read more

How do alternative investments fit into a retirement portfolio? What are some things I should consider before adding this kind of investment to my portfolio?  Specifically, we are going to discuss:  The two main type of alternative investments  The three most common types of private investments  How these fit into a retirement portfolio  The risks involved  Who’s a good candidate to utilize private investments  Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.   WANT EVEN MORE ..read more

The financial and emotional damage caused by incorrect beneficiary designations can have a lasting impact well after you’re gone.  Today we will be discussing the Do’s and Don’ts to naming beneficiaries on your retirement accounts.  Specifically, we are going to discuss:  Three scenario’s  were naming a direct beneficiary can make some sense  The impact probate planning can have on your estate and family.  Scenario’s where naming a direct beneficiary is strongly not advised.   Considerations when you have a dependent with a disability.  Fa ..read more

The step-by-step process to create a retirement income plan that can withstand all that life throws at you.  Specifically, we are going to discuss:  How to make sense of retirement plans  The benefits of clear and concise advice   Two allocation strategies to implement into your plans  The 7-step process to take luck out of your retirement plan  The impact of a 1% miscalculation  Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.   WANT EVEN MORE RETIRMENT PLANNING TIPS?&n ..read more

Simplify and organize. The one-two punch to creating a sustainable retirement income for life.   In today's episode we are going to discuss:  Who should organize their finances.  How simplicity leads to greater understanding and deeper relationships.  Potential gaps and pitfalls to not organizing.  Tips and tools to help get you started.   Top 5 reasons why you NEED this in your life.   Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.   WANT EVEN MORE RETIRMENT ..read more

Named as executor of a Will and not sure where to start?  In today’s episode, we will answer some questions you may have about administering a will.  Specifically, we are going to discuss:  The crucial first step.  Three documents every executor needs ASAP.  Major pitfalls to avoid.  Ways to help minimize tax for the deceased.  The key document you need from CRA to protect yourself.  Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.   WANT EVEN MORE RETIRMENT PLANNING TIP ..read more

Step-by-step process to managing emotions and making smart financial decisions with your inheirtance.  Specifically, we are going to discuss:  The emotional impact of receiving an inheritance,  The crucial 1st step that cannot be overlooked  Building a team to help sort through your options  Key considerations for married and common-law couples  A typical financial importance hierarchy   Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.   WANT MORE RETIRMENT PLANNING TIPS ..read more

Purpose > Spreadsheets.  25 Tips to guide you to a meaningful retirement plan.  In today’s episode we're going to discuss ways you can take your retirement plan to the next level with my latest guidebook – Navigating Retirement: Integrating Emotional Well-Being with Smart Financial Decisions.  Specifically, we are going to discuss:  What a retirement plan should be.  Who should snag a copy of this guide.  How looking at the big picture will lead to retirement fulfillment.  A sneak peek at what's inside.  How you can get your copy.  La ..read more

Want to help your kids or grandkids purchase their first home?  In today’s episode we're going to discuss how you can help your kids buy their first home by helping them set up a First Home Saving Account (FHSA).  Specifically, we are going to discuss:  How does it compare to the TFSA and RRSP.  What is the FHSA, and how does it work?  Who can open a FHSA and what are the restrictions?  What if a home is not purchased?  Why every eligible person should open this account, even if they don’t plan to buy a home.  Why it's so important to open on ..read more