Retirement Planning Wisdom
Financial Post Article: Woman well short of magic $1-million retirement fund, but it might not matter
The Financial Post asked me to review the finances of a woman who wants to retire in seven years, at the age of 65. Unfortunately her current investments won’t get her to the magic number of $1 million that she believes is necessary to leave work. With the lifestyle she imagines at retirement and the…
Read MoreInvest a Lump Sum or Bit-by-Bit. Which Is Smarter?
Invest a Lump Sum or Bit-by-Bit. Which Is Smarter? You have a lump sum of cash and you’re trying to figure out how to invest it. The stock market seems pretty turbulent at the moment, so you may be wondering if you should invest your lump sum all at once or bit-by-bit. Maybe you got…
Read MoreBeware of Nice Advisors
I’ve talked with thousands of Canadians that will not have the life they want because their advisor gave them bad advice. Why do they stick with their advisor? I’ve heard it over and over again. They say: “because he’s a nice guy”. The advice here is, you need a competent advisor & real advice, not…
Read MoreUsing Your Corporation As Your Retirement Fund
Can you fund your retirement from your corporation? That’s the question I answer in my latest video and podcast episode specifically for business owners. This is part # 2 of the video I did last week, where I go deeper into tax-efficient investment strategies when owning a corporation. It may seem complicated (if you’re talking…
Read MoreFinancial Post Article: Woman with $3.77 million in investments needs balance between private equity, GICs
The Financial Post asked me to review the finances of a 79-year-old woman with $3.77 million in investments, who wants to structure her income to minimize tax. Retired in 1978, she leased land from her family farm to a local farmer, which became her source of income. After selling the farm, she now lives in…
Read MoreWhy 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 and…
Read MoreFinancial Post Article: Freedom 55? Statistics professor gambles his way to Freedom 43
The Financial Post asked me to comment on the investment strategy of a Statistics professor who retired at age 43 with a side hustle that uses statistical modelling to primarily bet on sports. The FIRE movement is dedicated to retiring young, which stands for “financial independence, retire early.” Many of these people come to me…
Read MoreFinancial Post Article: This woman needs to adjust her retirement plans as AI slowly takes over her job
The Financial Post asked me to review the finances of a woman who operates a successful freelance-writing business who is concerned about her financial future and retirement now that AI-generated content is starting to replace her clients. This is a particularly interesting client case story if you are in an industry that is changing due…
Read MoreFinancial Security Comes From a Huge Nest Egg
Financial security comes from a huge nest egg
Read MoreRisk of Bonds To Your Retirement
In my latest YouTube video and podcast episode, I give you insight into what I advise my clients and why I declare the death of bonds as an investment. It’s time for most investors to stop investing in bonds. Including balanced funds. Here are just some of the topics I cover in the video: Ed
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