Retirement Income
National Post article: How to leave RRIF, TFSA, property and other wealth to your children while avoiding probate and minimizing taxes?
The National Post asked me to review the retirement and estate planning situation of Frank, 84, a widower in British Columbia. Frank owns his home outright, worth $1.4 million. He has about $743K in a RRIF, $265K in a TFSA, and $473K in a non-registered investment portfolio, bringing his invested wealth to $1.48 million, rounded.…
Read MoreFeel My Worth article – Why Financial Plans Fail: Insights from Toronto-based Financial Expert Ed Rempel
Most Canadians assume that having a financial plan means they’re prepared for the future. In reality, many plans fail from the start because they’re built on the wrong assumptions, not because people are careless. In my new article for Feel My Worth, I break down the biggest reasons most financial plans don’t hold up in…
Read MoreNational Post article: Couple wants to retire abroad in their 40s. Do their RRSPs, TFSAs and other investments add up to enough?
The National Post asked me to review the retirement and financial situation of Jason, 41, and Julia, 38, from Ottawa. It is an interesting story since they can retire so young at only ages 42 and 39. They have been strong savers, invest effectively, and plan to invest their entire house proceeds when they sell.…
Read MoreExponential Thinking – How Major Wealth Happens
Your investments may grow a bit each year, but have you wondered about how some people grow major wealth? Instead of growing 10%, how can they be 10 times larger? Many ordinary people build up millions of dollars, without having a high income or inheritance. How does that happen? It’s because real wealth doesn’t grow…
Read MoreEarning Diary article: Ed Rempel on Why the 4% Rule May Be Holding Back Your Retirement Income
I was recently featured in Earning Diary discussing one of the most common and potentially misleading rules in retirement planning — the 4% Rule. After analyzing 146 years of market history, my research shows that this rule can actually hold many retirees back. Here’s what I found: Retirement planning is too important to rely on…
Read MoreWorthvieW article: Ed Rempel on Lifecycle Investing: A Game-Changing Tool for Young Investors
For decades, we’ve been told to save slowly and steadily for retirement. But what if that advice leaves you more exposed to risk than you realize? I recently sat down with WorthvieW to discuss Lifecycle Investing, a strategy that helps younger investors spread risk across their entire working lives, and avoids “Last Decade Risk” in…
Read MoreRetirement Rookie: Worried about a Market Crash Right After Retiring?
Being worried about a market crash right after retiring is a major fear for many people both before and after taking the plunge. I often hear these anxieties: “I’m scared to retire even though I have enough money in every projection. What happens if there is a market crash right after I retire?” “We just…
Read MoreGo Big or Go Slow: Why 10x Wealth Is Easier Than 2x
This title may be hard to believe, but it is a common theme in coaching for small business entrepreneurs. The concept is from the popular book “10x Is Easier Than 2x: How World-Class Entrepreneurs Achieve More by Doing Less” by Dan Sullivan and Dr. Benjamin Hardy. Most of us think about incremental improvements in our…
Read More“When can I retire with the lifestyle I want?”: Toronto Financial Planner Ed Rempel Answers the Most Common Question Amongst Canadians
I was recently interviewed by Business News This Week about one of the most common questions Canadians ask me as a financial planner: “When can I retire with the lifestyle I want?” It’s the question that comes up again and again, yet the real issue isn’t when you can retire—it’s how you can create and…
Read MoreNavigating the Financial Advisor Title Trap: Why Fee-For-Service Planners Are the True Superheroes
Are you ever confused by all the different titles that financial planners and advisors use? What types of advice and services do they offer? Which one offers what you are looking for? When you have real worries or questions about your money, “who you gonna call?” Who is the super-hero of advice? In my latest…
Read More