Retirement Planning Wisdom
Ed Rempel Outlines Four Steps to Creating Retirement Plan In Canadian MoneySaver
Everyone hopes to be able to retire with enough put aside to live a lifestyle that keeps them happy, but Fee-For-Service Financial Planner Ed Rempel finds barriers are keeping Canadians from achieving needed financial freedom. In the November/December issue of Canadian MoneySaver magazine, Ed Rempel outlines some of the obstacles in the way. Read more…
Read MoreUnconventional Advice for Entrepreneurs
I was pleased (and a little surprised) to be interviewed on the “Young Upstarts – Voice of a New Generation” blog this week (despite my age and business longevity). 🙂 The blog is focused on entrepreneurs. They tend to get “conventional suboptimal advice” like everyone else – but unique for entrepreneurs. Entrepreneurs started their own business for…
Read MoreWhen is your RRSP too large? (as seen in National Post)
I’m excited to be quoted in both the National Post and in Jonathan Chevreau’s “Findepence Hub” blog! “When is your RRSP too large?” Here are the links: National Post Findependence HUB My view is that a RRSPs over $750K-$1 million may not be the most beneficial. If your tax rate on withdrawal is higher than…
Read MoreSeminar & Webinar – The 6 Steps to Become Financially Independent
How can you become financially independent? How would you live if you had financial freedom? You are invited to my seminar or webinar. Featuring a panel of financial independence experts: Ed Rempel The 6 Steps…
Read MoreAbove Index Returns – How to Beat the Index
I went to a Leafs game with my annoying friend, Andrew. I think the Leafs are finally building a proper team of the future with talented rookies and a great coach. Andrew doesn’t believe it. He doesn’t believe anybody is above average. I said: “Really? You don’t think Auston Matthews is above average? It’s been…
Read MoreDrawing Retirement Income is a Science
I was recently interviewed by the Globe and Mail about my research on how much you can safely withdraw from your investments after you retire. I analyzed 150 years or actual data on stock & bond markets and inflation to find out the exact success rates of different withdrawal amounts and methods. I found that…
Read MoreTFSA or RRSP? – The Right Answer for You
TFSA vs. RRSP is one of the most common questions I am asked. If you want to know for sure which is better for you, then you need a financial plan. Many articles have been written on this topic that list pros and cons with general opinions. The truth is that: When you include the…
Read MoreRRSP Gross-up Strategy – Easily Contribute 40-70% More to Your RRSP
Wouldn’t it be great if you could save a lot more for your future without affecting your day-to-day cash flow? One of the main things people learn when they first have a retirement plan done is that you need to invest more than you thought to have the future that you want. But with all…
Read MoreShould I Delay CPP & OAS Until Age 70? – Complete Answer with Real-Life Examples
Most seniors start their CPP and OAS when they retire or at age 65, without evaluating the options. The truth is that many seniors would benefit from delaying CPP until age 70. Here is how you can figure out what is best for you. The government pensions, CPP and OAS, are full of cool opportunities…
Read MoreProfound retirement plan idea – Victory Lap Retirement
I just read Jonathan Chevreau’s new book, “Victory Lap Retirement”. It is a profound concept to make your life fulfilling. Semi-retire to do what you love. Many Canadians will have to semi-retire, because they have no financial plan, are not saving nearly enough and not investing to a plan. It is brilliant to include a…
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