Retirement Income

Financial Post Article: This retired man has been living on cash savings – but that’s a mistake.

The Financial Post asked me to review the finances of a retired man making the mistake of living off his cash savings. See how learning to have a higher risk tolerance makes his retirement more comfortable. https://financialpost.com/personal-finance/family-finance/retired-ontario-man-living-cash-mistake Details: Our retired man is 60 and divorced with two adult children.  He worked for Bell Media for…

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Financial Post Article: This couple wants to retire early, but are their government pensions enough?

The Financial Post recently asked me to review the finances of a couple that want to retire. They have a weekly Family Finance section where they ask financial planning experts. If you wonder about the benefits of having a Financial Plan, here is an example. What you will learn: https://financialpost.com/personal-finance/family-finance/retire-early-are-government-pensions-enough Husband is 46 years old…

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Why Most Financial Plans Fail

Many people who work with us to figure out their retirement plan, have created a financial plan before. You can get a financial plan from a bank, online methods, financial advisors or fee-only financial planners, but often these financial plans fail. They do not give you the life you want. In my latest video, I…

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How Does a Financial Plan Help You?

In this week’s video I’m interviewed by Kornel Szrejber, founder of the Build Wealth Canada podcast and website, and host of the Canadian Financial Summit. Kornel runs the #1 personal finance podcast in Canada & the Canadian Financial Summit. He has been getting advice from me for awhile when it comes to financial planning and…

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How to Design Your Retirement Income: An Overview

With so much advice on retirement, sometimes it’s hard to know what to do. How do you put all the details together to get the retirement income you want with the minimum lifetime tax? Quite a few people asked me questions about retirement income in response to my last video. In my latest video, you’re…

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Does Borrowing to Invest Make Sense with High Interest Rates?

Should you borrow to invest? With interest rates up 3.5% so far in 2022, you may be wondering if it still makes sense. Spoiled with low interest rates so low, leverage seemed so obvious with a credit line at 3% and tax-deductible. As a financial planner and expert on the Smith Manoeuvre strategy, and a…

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Smith Manoeuvre AFTER You Retire

What do you do with the Smith Manoeuvre AFTER you retire? My latest video is for you if you already know the basics of the Smith Manoeuvre. You have been doing this strategy for awhile, you’ve converted your mortgage to tax deductible, and you’re thinking about retiring. You’ve got a big investment portfolio and this…

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