Retirement Income
National Post Article: Snowbirds paying $15,000 a year in investment fees worry about growing their nest egg
The National Post asked me to review the finances of a newly retired couple who are snowbirds. They are currently paying $15,000 a year in investment fees, but feel they don’t get much tax or financial planning advice. They are also business partners who have worked in the U.S. One has a Canadian-United States citizenship,…
Read MoreHow To Create a Financial Plan That Is Your Life Plan – Interview with Kornel Szrejber
I recently worked with Kornel Szrejber, host of Canada’s #1 financial podcast “Build Wealth Canada,” on his family’s financial plan, so he could feel confident about his retirement. Kornel retired in his 30s, but he was starting to feel anxious because he wanted to make sure he wasn’t overspending. This YouTube interview and podcast episode…
Read MoreNational Post Article: A single dad nearing retirement hopes to fund daughter’s education and his golden years
The National Post asked me to review the finances of a single dad nearing retirement who hopes to fund his daughter’s education in his golden years. The 55-year-old is a health-care professional and earns about $210,000 annually before tax. Since January, in addition to his current employment income, John has been receiving a pension of…
Read MoreGlobe and Mail Article: Why DIY investors are turning to financial professionals as retirement approaches
The Globe & Mail recently interviewed me and other experts to ask why DIY investors are turning to financial professionals as retirement approaches. As someone who has seen the full finances of thousands of people, I see it all the time. People who have managed their finances successfully on their own up until their 50s…
Read MoreNational Post Article: Soon-to-retire couple needs $185,000 a year to meet their desired lifestyle
The National Post asked me to review the finances of a couple who are both in their 60s and want to retire at the end of 2024. They would like to enjoy a lifestyle where they can enjoy trips to Europe and Asia each year, and not feel financially constrained, so they will only retire…
Read MoreHow to Avoid or Minimize Extra Tax From New Higher Capital Gains Tax
You may have heard that we just had a new budget here in Canada, and increased the taxes on capital gains. Canadians with a rental property, cottage or investments and their tax advisors are scrambling to figure out what to do before the deadline of June 25, 2024. Here are the questions we’ll cover: What…
Read MoreFinancial Post Article: Middle-aged woman who just lost her high-income job wonders when it’s ‘safe’ to retire
The Financial Post asked me to review the finances of a 47-year-old woman who lost her high-income job, and wants to know when it’s “safe” to retire. A successful professional, she was well on her way to an early retirement at age 52 or 53, but now she’s wondering if that will still be possible,…
Read More6 Key Lessons Learned as a Fee-For-Service Financial Planner – Talk With Ellen Roseman’s Investment Club
I was honoured to be invited by Ellen Roseman to speak with her Investment Club about the 6 key lessons I have learned as a fee-for-service financial planner. They have had investment guest speakers, but never someone just talking about financial planning. Ellen Roseman is a journalist who sticks up for ordinary Canadians. Her personal…
Read MoreThe 6 Steps to Become Financially Independent
What will it take for you to become financially free? To have enough money that you never have to work again? This video and podcast episode is my insight into the few key ideas you really need to know. It’s an overview to give you the big picture of what really works. Some of these…
Read MoreFinancial Post Article: Married couple need roadmap to ensure their comfortable lifestyle continues in retirement
The Financial Post asked me to review the finances of a married couple in their 60s who are winding down their successful Ottawa-based consulting business and operating company. They want to shift to a two or three-day workweek and take summers off, and they are trying to determine where to invest their money, so they…
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