Welcome back to another episode! Today, we're diving into the importance of contributing to your RRSP and why starting early and contributing consistently is a smart financial move. By beginning your contributions on January 1st of each year, you give your money more time to grow, potentially making a significant difference in the long run. Book your FREE Retirement Planning Consultation and check out our master class on Retirement  Planning for an in-depth look into our planning process here:  https://value.schillerandassociates.com/retirement Prefer to watch videos to get great inf ..read more

Welcome to another episode of Fireside Financial! Today, we dive into the invaluable role grandparents can play in educating their grandkids about money and shaping their financial future. Sit back, relax, and enjoy the episode. Get in touch with Regan and Joe: Regan Schiller: https://www.linkedin.com/in/schillerandassociates/ Joe Curry: https://www.linkedin.com/in/joseph-curry-b-sc-cfp-chs-42659247/ Book your FREE Retirement Planning Consultation and check out our master class on Retirement Planning for an in-depth look into our planning process here:  https://value.schillerandassoc ..read more

Hello, and welcome back. Today, we are going to dive a little bit deeper into guaranteed investment certificates, A GIC is a loan you provide to a financial institution. Want to learn more about what a GIC is and how they work? Keep on listening. Disclaimer: GICs issued by Investors Group Trust Co Ltd., and/or other non-affiliated GIC issuers. Minimum deposit, rates and conditions are subject to change without notice. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently and ..read more

Have you ever thought about the distinguishing factors between successful individuals and those who are not? Those who take charge of their finances with a positive mindset typically have a better chance of achieving their financial goals. Let's explore five strategies to enhance your financial mindset. Book your FREE Retirement Planning Consultation and check out our master class on Retirement  Planning for an in-depth look into our planning process here:  https://value.schillerandassociates.com/retirement Prefer to watch videos to get great information? Check out our YouTube P ..read more

Although there are similarities between the laws for common-law and married couples, in Alberta there are significant differences you should know about – especially in the areas of tax planning, family law, and estate planning. Are you living in a common-law relationship? Do you know what that means from a tax and legal perspective? Many individuals involved in these types of relationships do not understand what their rights may or may not be. The following is a brief synopsis of some of the more important personal planning issues you should consider. However, it is always important in these s ..read more

How you spend and save your money can have more of an impact on your well-being than you may think.   Integrating happiness in your financial planning can mean saving for the things that bring you genuine joy and happiness. With a meaningful financial plan in place, you gain a sense of direction and purpose.    This episode explores the importance of intentional spending and how the purchases you make can lead to a more fulfilling and balanced life.    Book your FREE Retirement Planning Consultation and check out our master class on Retirement  Planning for an in ..read more

For privately owned companies, succession planning is the process of preparing to pass the ownership and leadership of a company from the current owner to a new one.    Successfully transferring your business requires time, the right expertise, and a detailed strategy. The process doesn't happen overnight.    To ensure that this change in ownership doesn't affect your business operations, you can plan these details ahead of time.   In this episode, I will explain the best practices for succession planning to help you pass your business over to a family member, employee ..read more

Increasing inflation, especially the record levels we've witnessed lately, invariably grabs the spotlight. While numerous individuals are concerned about their ability to afford progressively more expensive goods, retirees often harbor greater concerns about the erosion of their savings' value caused by inflation. In this episode, I go over some strategies that will help you inflation-proof your portfolio. Book your FREE Retirement Planning Consultation and check out our master class on Retirement Planning for an in-depth look into our planning process here: https://value.schillerandassoc ..read more

A Tax-Free Savings Account (TFSA) serves as a valuable tool for most Canadians seeking to build wealth while minimizing tax liabilities. While there are numerous advantages to using a TFSA for investment purposes, it's crucial to be aware of potential errors that can prove financially burdensome. This episode delves into the eight common missteps individuals often make and offers guidance on steering clear of them. Book your FREE Retirement Planning Consultation and check out our master class on Retirement Planning for an in-depth look into our planning process here: https://value.schille ..read more

Today, we are going to unpack five retirement planning myths. Let's dive in!  Myth #1: Your cost of living will go down.  Myth #2: An RSP is a complete retirement plan.  Myth #3: You need 1 million dollars to retire.  Myth #4: You need to be conservative with my portfolio.  Myth #5: You can't have debt in retirement.  Book your FREE Retirement Planning Consultation and check out our master class on Retirement  Planning for an in-depth look into our planning process here:  https://value.schillerandassociates.com/retirement Prefer to watch videos to get gr ..read more