Posts by Ed Rempel
Financial Quackery
“Financial Quackery” is one of the main reasons most people struggle financially. This video and podcast episode is my attempt at humour to explain what to look for to get real advice, rather than the typical industry foolishness pretending to be advice. If you prefer to read it, here is a transcript of the video:…
Read MoreMoney123 Article: Spousal RRSPs As An Effective Income Splitting Strategy
How to save tax after you retire using a spousal RRSP. Try this! 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 that went out to subscribers, I answered a question about why & how…
Read MoreCash Dam – Best Mortgage Strategy if You Own a Small Business or Rental Property
This article was originally published on November 20, 2017. We have since made updates to it based on relevant, new information. We’ve also added a video and podcast episode that articulates the content in the article. What Is the Cash Dam and How Does It Work? Cash Dam is a simple but powerful concept to…
Read MoreReflecting on My Life & Progress Towards My Mission in Life
Today I’m reflecting on my life and progress towards my mission in life – to educate Canadians about what really works to achieve financial security & freedom. I have seen thousands of Canadians struggle with money. I see bad or suboptimal advice based on conventional wisdom all over the financial industry and to a lesser…
Read MoreMake Your Retirement Comfortable with the “8-Year GIS Strategy”
The “8-Year GIS Strategy” is one of the best strategies to turn a modest retirement into a comfortable one for you. I am finally releasing it! For years, this is one of a few strategies that I have quietly used with select clients. Prefer an overview? Like videos? Listening to podcasts? Check out our whiteboard…
Read MoreNew OSFI Mortgage Rules – How Do They Affect The Smith Manoeuvre?
You may have received a letter from your bank or heard people talk about the new OSFI mortgage rules. We’ve had a lot of our clients contacting us about it as well, since the new rules start this year for mortgages. These new rules will affect the Smith Manoeuvre in some ways, so it’s important…
Read MoreMillionaires in Poverty
This may sound like a dumb topic. Why would a millionaire live in poverty? We see it all the time, though. People living in a paid off home worth more than $1 million while living on an income of $20,000/year before tax. I believe this is caused by the belief that your home is your…
Read MoreEarningDiary Article: A Comprehensive Review of the Concept “Pay Yourself First”
I was recently interviewed by Lakhyajyoti Saikia from EarningDiary about the concept of “Pay Yourself First,” which is a fundamental financial planning concept. It refers to the practice of prioritizing saving and investing a portion of your income before you allocate funds for other expenses. While it initially may be counterintuitive, this approach has tremendous…
Read MoreThe Ultimate Strategy for Millennials – Lifecycle Investing
If you are under age 40 and saving to become financially independent, the ultimate strategy for you to understand is Lifecycle Investing. It has worked 100% of the time in the last 150 years and increased portfolios at retirement by an average of 63%. Results are so consistent because it reduces one of your biggest…
Read MoreDebunking “Sequence of Returns Risk”
What is the actual risk of running out of money if you start retirement when the market crashes? This is a question on the minds of many retirees. Especially because a lot of financial advisors talk about “Sequence of Returns Risk”. But worrying about this can lead to worse results for many retirees, as well…
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