Afleveringen
-
In this episode of "Your Retirement Plan Simplified," we delve into the topic of cryptocurrency and its place in a retiree's investment portfolio. We give a layman's definition of cryptocurrency, discuss its appeal due to decentralization, security, global accessibility, and investment potential, but also highlight its extreme volatility and lack of predictable returns.
Joe explains that while traditional investments like stocks and bonds offer future cash flows, cryptocurrencies rely solely on supply and demand, making them unsuitable for retirees focused on preserving capital and ensuring reliable income. Ultimately, they advise against significant investment in cryptocurrency for retirees, favoring more stable, predictable assets.
Read the full show notes and find more information here: EP 96 Show Notes
-
In this podcast, Joe and Regan look at having an emergency fund in retirement. They discuss how setting aside three to six months’ worth of expenses can provide peace of mind and financial security, protecting retirees from unexpected expenses without needing to dip into investments or accrue high-interest debt.
They highlight that an emergency fund should be kept in a highly liquid and low-risk account, such as a savings account, to ensure it is readily accessible when needed. The discussion also covers the potential benefits of having a line of credit as an additional backup, especially when markets are down, or large, unforeseen expenses arise.
Read the full show notes and find more information here: EP 15 Show Notes
-
Zijn er afleveringen die ontbreken?
-
Are you feeling frustrated by the difficulty of understanding investment strategies? Feeling uncertain about which approach to take?
Imagine spending years trying to navigate the complexities of active management, only to discover that it may not be the most effective approach. The struggle to decipher the impact of dividends on investment returns and the challenge of understanding market efficiency theory can leave you feeling overwhelmed and disheartened. It's time to cut through the confusion and gain clarity on evidence-based investing strategies. Let Joe and Mark guide you through index funds and learn to make informed decisions confidently.
Read the full show notes and find more information here: Ep 95 Show Notes
-
We examine an aspect of retirement planning—building an emergency fund. Whether you're nearing retirement or already enjoying it, we provide insightful strategies to assess your financial needs, determine the right size for your emergency fund, and effectively build and manage it. Learn about essential expenses, potential emergencies, and smart ways to boost your fund using supplemental income, home equity lines of credit, and more.
Read the full show notes and find more information here: Ep 94 Show Notes
-
Joe and Aravind explore the merits of contributing to the Canada Pension Plan (CPP) through salaries. Despite the dual contributions required from business owners, the CPP offers guaranteed, inflation-adjusted income in retirement, providing a secure financial foundation.
The discussion highlights the tax credits and deductions associated with CPP contributions, emphasizing their value in reducing taxable income. Additionally, it underscores the long-term benefits of RRSPs, which grow tax-free and can offer significant tax savings, making them a crucial element in retirement planning for business owners.
Read the full show notes and find more information here: EP 93 Show Notes
-
Joe chats with Mark McGrath (CFP, CIM, CLU, PWL Capital Inc) about the intricacies of Canadian equity segregated funds, unpacking their features, benefits, and potential drawbacks.
While discussing the investment options within segregated funds, they underscore the importance of considering alternatives like low-cost index funds or ETFs, particularly for investors seeking to optimize returns while minimizing fees.
The episode equips listeners with valuable knowledge to make informed financial decisions tailored to their needs by providing insights into the nuances of segregated funds and alternative investment strategies.
Read the full show notes and find more information here:
EP 92 Show Notes -
Joe and Regan explore the myriad benefits of engaging in part-time work or starting a side hustle during retirement. They discuss how supplemental income alleviates financial stress and supports lifestyle desires such as travel.
Beyond the financial perks, they delve into the non-monetary advantages, including social engagement, mental stimulation, and a renewed sense of purpose. Through personal anecdotes and client stories, they highlight how even a small commitment to part-time work can enhance retirees' quality of life by keeping them active, engaged, and contributing to their communities.
Read the full show notes and find more information here: EP 14 Show Notes
-
Joe speaks with tax professional Kaz Nesbitt (CPA, CA, Partner at Grant Thornton LLP), and they delve into the proposed capital gains inclusion rate changes.
Joe and Kaz unpack the intricacies of capital gains taxation, clarifying how these changes could affect individuals and businesses.
Read the full show notes and find more information here: EP 91 Show Notes
-
This week we look at crucial considerations surrounding beneficiaries. From dissecting the implications of naming beneficiaries on assets like RRSPs, pension plans, and non-registered accounts to shedding light on the strategic use of life insurance, this insightful discussion offers invaluable insights for listeners navigating their estate planning journey.
Read the full show notes and find more information here: EP 90 Show Notes
-
This week Joe takes a deep dive into the world of personalized financial advising, where clients are more than just numbers on a spreadsheet. Using a compelling client story, we explore the importance of understanding your unique financial situation.
From estate planning intricacies to navigating complex beneficiary considerations, Joe offers practical insights and expert advice to empower you on your financial journey. Discover how personalized financial advising can make all the difference in securing your financial future.
Read the full show notes and find more information here: EP 89 Show Notes
-
What are testamentary spousal trusts?
We break down the complexities of this legal arrangement established by wills to benefit surviving spouses. From defining what a spousal trust entails to exploring its various purposes, including asset protection, wealth transfer, and safeguarding against potential remarriages or incapacity, we have practical examples and considerations for choosing trustees and managing assets.
This episode offers listeners a comprehensive understanding of testamentary spousal trusts and their role in ensuring families' financial security and peace of mind.
Read the full show notes and find more information at EP 88 Show Notes.
-
In this episode, Joe and Regan navigate through the various income streams available in retirement, including pension plans, government benefits like CPP and OAS, investment portfolios, annuities, and even rental income.
They emphasize the importance of intentional decision-making, stressing the need for individuals to assess their expenses, maintain emergency funds, optimize taxes, and consider their net worth goals to ensure financial stability throughout retirement.
Read the full show notes and find more information here: FF EP 13 Show Notes
-
The sandwich generation - where individuals find themselves caught between supporting aging parents and adult children. Several areas require careful balancing including financial planning, healthcare coordination, and legal and estate planning to navigate the challenges of caregiving effectively.
Emphasizing open communication and setting clear boundaries, we discuss strategies for promoting financial literacy, encouraging education and career development, and preparing for life transitions.
Read the full show notes and find more information here: EP 87 Show Notes
-
Here are the 8 common mistakes retirees and retirement savers make with their Tax-Free Savings Accounts (TFSA). We cover mistakes like over-contributing, misunderstanding withdrawal rules, day trading within the TFSA, and not naming a successor holder or beneficiary.
We provide actionable advice to help you avoid these common pitfalls and help you implement sound strategies so you can optimize the benefits of your TFSA for long-term financial security.
Read the full show notes and find more information here: EP 86 Show Notes
-
We look at the various types of debt retirees might carry and the profound impact they can have on your financial well-being. You’ll gain an understanding of how mortgages, lines of credit, car loans, and credit card debt can shape your retirement lifestyles and long-term financial goals.
We emphasize the importance of integrating debt reduction strategies into retirement planning, providing actionable insights such as debt consolidation, refinancing, and accelerated payments.
Read the full show notes and find more information here: EP 85 Show Notes
-
Joe and Dr. Sally Chivers-Storey explore the dynamics of aging, retirement, and intergenerational collaboration.
They delve into the complexities of navigating workplace tensions arising from different generational perspectives and caregiving responsibilities. Dr. Chivers emphasizes the importance of valuing the wisdom and experiences of older adults, challenging ageist beliefs, and fostering intergenerational spaces where individuals of all ages can learn from each other and contribute meaningfully to society.
Read the full show notes and find more information here: EP 84 Show Notes
-
We discuss seven key actions to take in the five years leading up to retirement. We want you to get clear on retirement goals and cash flow requirements. We advise you to get clear on your current financial standing and bridge any gaps well in advance.
We look at the importance of creating a shared vision for retirement, understanding future income sources, optimizing taxes, and conducting a cash flow audit to eliminate unnecessary subscriptions. We also stress the importance of maximizing employer benefits and gradually shifting towards a retirement-appropriate investment portfolio to ensure a smooth transition into retirement.
Read the full show notes and find more information here: EP 83 Show Notes
-
This month Joe and Regan dive into how to educate grandchildren about money. They use real-life examples like grocery shopping and budgeting exercises. They look at how grandparents can make meaningful contributions, such as gifting money with a purpose, like for a car or post-secondary education while instilling lessons about financial responsibility.
By engaging in open conversations and setting positive examples, grandparents can play a crucial role in shaping their grandchildren's financial literacy and long-term financial well-being.
Read the full show notes and find more information here: EP 12 Show Notes
-
We explore the top five non-money mistakes in retirement planning. We look at how retirement isn’t just about financial readiness but also about finding fulfillment and direction in life post-career.
We look at the significance of social engagement, staying physically active, maintaining a growth mindset, and transitioning from a savings to a spending mindset in retirement.
Read the full show notes and find more information here: EP 82 Show Notes
-
In this podcast episode, hosts Joe Curry and Lindsay Wilson discuss common mistakes in retirement planning, cautioning against relying solely on advice from friends and family who may lack expertise in financial matters. They emphasize the importance of seeking professional guidance tailored to one's unique situation, highlighting scenarios such as CPP payment timing and asset allocation during market downturns.
The hosts stress the necessity of comprehensive planning, including considerations of retirement income sources, tax strategies, risk management, and estate planning. They advocate for conducting a "dress rehearsal" for retirement expenses and budgeting for potential cost increases in future projects or expenses, underscoring the multifaceted nature of retirement preparation and the need for careful analysis and professional assistance.
Read the full show notes and find more information here: EP 81 Show Notes
- Laat meer zien