About

My name is Ed Rempel, the main Wise Guy on this site. I am a financial blogger and a CFP Professional with a ton of real life financial planning experience. I am passionate about writing and driven to share my insights. Welcome to my discussion forum. It is a new resource for people looking to learn how to achieve financial freedom. This is also the place you can get real answers to those financial issues that have been on your mind. Read my personal About Me profile here.

Unconventional Wisdom

I see things differently. I see from experience what does and what doesn’t make people successful with their money. I am a fee-only financial planner that has seen the complete finances of thousands of Canadians. One of my favourite things to do is to point out false facts – the conventional wisdom most people believe that just is not true or that is less than optimal. Read the Unconventional Wisdom articles to see my version of humour. Being an industry insider, I see “financial quackery” – sales pitches made to look like advice. Most advisors pretend to do financial planning and use “placebo advice” (feel-good bad advice), The investment industry consistently markets the wrong products and creates the worst products for high net worth investors. Pointing out industry shortcomings is fun! I also see what the industry does right – and how to find quality products and advice. The media is mostly “financial porn” – short-term thinking and focused on a few hot-button issues. It is also a keeper of the “conventional wisdom” I like to poke fun at. Come to this site to find out what’s wise and what’s not.

Experience

I built one of the largest financial planning firms in Canada and found there was hardly any competition for my practice. People look at me funny when I say that, but it’s true. I attribute my success to focusing on financial planning, while most advisors focus on selling investments. People do not need an investment salesperson. They need someone to focus on their life and future plans. Someone to help them make smart decisions. My experience includes:

  • 22 years as a certified financial planner professional (CFP® Professional).
  • 33 years as an accountant (CPA, CMA).
  • 9 years as a guest author on the popular Million Dollar Journey blog.
  • Building one of the largest financial planning practices in Canada.
  • Writing comprehensive and personal financial plans for nearly 1,000 families.
  • Helping more than 600 clients follow their financial plans.
  • Managing more than $100 million in investments.
  • Writing courses on financial planning & investing, and educating 216 financial advisors at several of the largest credit unions.
  • Expert in some effective strategies, such as the Smith Manoeuvre, Lifecycle Investing (sometimes called “Smith Manoeuvre for renters” or “Smith Manoeuvre for Millennials”), Cash Dam, and Rempel Maximum, as well as tax strategies for self-employed and retirees.
  • Creator of the “Rempel Maximum” strategy.
  • Completing the Certified Hedge Fund Specialist program with the highest mark in Canada.
  • Semi-retiring in my 50s to focus on my passion for writing. I want to make difference for Canadians.

I have been covered in many publications, including the #1 industry publication for financial planners, the Investment Executive:

  • Financial Literacy, the Web Way – Interview about how I used social media to educate. This appeared on the front cover of the #1 industry publication.
  • Winning Strategies – Video interview about my passion for educating the public through blogs and webinars.

Testimonials

I constantly receive impromptu testimonials and thank yous. Here are are just a few comments from clients.

Personal

I am a financial blogger and fee-only financial planner in the Toronto area. I have taken a step back from my practice to focus on writing to educate and entertain. I love writing and talking finance. I also love reading, ever since taking a speed-reading course, and have 9 full bookshelves. I am fascinated by physics and space. I am loyal to my Toronto Argonauts and the Leafs. (They really will be better next year.) I enjoy learning, theatre, fine dining, cruises, and good company.

This discussion forum

Let’s start a discussion. Please ask questions or comment below the articles – and send me your feedback, topic suggestions and burning financial issues. Please note that while I am a financial planner, nothing on this site can be considered advice. I don’t know your situation or whether any insight, no matter how wise, is a good idea for you specifically. Consider this site to be your source for experienced, quality, professional insight. Find out what’s wise and what’s not.

Start here

A great start is to watch my 50-minute video: “The 6 Steps to Become Financially Independent”. It is an overview of what you really need to know to become financially independent. This is a ‘must see’ video with the core of my experience. If you think you might need some help to achieve your life goals, I have a ton of experience and provide personalized, unbiased, comprehensive advice. My services are explained here: https://edrempel.com/become-a- client/. Ed Rempel, CPA, CMA, CFP®   CERTIFIED FINANCIAL PLANNER® Professional

5 Comments

  1. Wynne Anne Meaney

    I’ve just happened upon your site and like what I am reading. Do you have recommendations for fee only financial planners in Atlantic Canada (I live in Halifax). I am recently retired and manage my own high six figure portfolio. I’ll have to start tapping into my investments soon and would like advice on tax strategies and repositioning my portfolio for the future withdrawals (not a big rush here as my husband is still working).

  2. Ed Rempel

    Hi Wynne,

    I am a fee-only financial planner and work with clients across Canada. Having clients at longer distances has never been an issue.

    Being able to meet face-to-face is a bit of a plus, but we can be almost as effective with conference calls, video calls, email and online meetings available to us. Even my local Toronto clients meet mostly on the phone or line, rather than in person because of the convenience.

    I would suggest to you that the quality of advice is the most important issue.

    I have some special expertise in this area. The first step is to decide on your desired retirement lifestyle and decide exactly how best to achieve it. For example, how long does your husband need to work before he can retire and you both have the lifestyle you want?

    Second, I have done my own in-depth analysis of withdrawal strategies and how to maximize them with the least tax, and be sustainable for the rest of your life. Traditional methods that rely on income result in lower retirement income and actually have a higher chance of running out of money in retirement.

    Third, there are a variety of government programs that are clawed back based on income. Planning how much of your income is taxable can help you avoid these clawbacks.

    There are several options for how we could work together. They are here: https://edrempel.com/become-a-client/ . In your case, if you are not completely clear exactly on your exact desired retirement lifestyle, the “Basic Unified Financial Plan” is probably the right choice. If you essentially know what you are doing and just want to discuss some questions you have, then the “Discussions without a written plan” may suffice.

    Making the right decisions here can be provide you with thousands of dollars every year of extra income or reduced tax for the rest of your life. I would suggest to make sure you get the best possible answer.

    If you send me a message in the “Work with Me” page (https://edrempel.com/become-a-client/ ), it is confidential. Leave me your contact details if you would like to discuss this, Wynne.

    Ed

  3. Mj Gumayagay

    Hi Ed,

    I registered for your webinar held April 4th, but was unable to view it because I was moving to a new house and I wasn’t able to get connected at the time.

    Would you have a copy of the webinar for those who registered but were unable to view it?

    Thanks.

  4. Ed Rempel

    Hi MJ,

    Maybe. I am looking at some options. We recorded it, but there are a couple issues with the recording. Check back in a few days.

    I have a list of people that couldn’t make it and asked for another option to view it.

    We might also do another webinar soon. I’ll post what we decide here.

    Ed

  5. Jere Eye

    Hey, Awesome stuff. I am keen to read a lot more of your work.

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  1. Ed Rempel Keynote Financial Speaker :: SOURCES.COM - MONEY® News - […] article on the topic or in the Huddle open forum. To understand why I see things differently, read About…

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