Retirement Planning Wisdom
Is Typical Retirement Advice Good Advice? – Testing Retirement Rules of Thumb (As seen in Canadian MoneySaver)
You want to retire soon. How should you setup your retirement income? You talk with some friends, read about it on the internet, and talk with a financial advisor. Are you actually getting good advice? When it comes to retirement income, most financial advisors rely on a few rules of thumb handed down from one…
Read MoreMinimize Tax on Retirement (SiriusXM Radio podcast)
Listen to my 7-minute podcast interview “Minimize Tax on Retirement” on the Moolala Show on SiriusXM Radio by the very lively Bruce Sellery. I discuss the 6 best strategies to minimize tax on your retirement income. Bruce Sellery is a business journalist, TV host and professional speaker. He is the author of two bestselling books,…
Read MoreThe 6 Best Strategies to Minimize Tax on Your Retirement Income (as seen in Canadian MoneySaver)
You will have a lot more tax saving opportunities after you retire than before. If you get a salary, you may have limited tax deductions or tax saving strategies. When you retire, it is completely different. You can essentially determine the amount of income you will be taxed on once you retire. You can decide:…
Read MoreFinancial Advice Or “Quackery?”: How To Spot The Difference
How can you tell if the financial advice you’ve received is real, useful financial guidance or just a case of “fake news”, i.e. financial “quackery”? Unfortunately, a lot of what happens in the financial industry in Canada is financial “quackery,” as we like to call it. Since the most common methods are so familiar to…
Read MoreCan we retire now? Ed Rempel tests retirement income rules of thumb
John and Jennifer (Jen) are 62 and want to retire comfortably soon. Can they retire now? They want to know how to set up their retirement income to give them the maximum income that will be reliable for the rest of their life. Will common rules of thumb about retirement income help them? They have…
Read MoreListen to my first podcast!
I am very excited to have my first podcast with the incomparable Kornel Szrejber. Kornel is Canada’s #1 financial podcaster and the best interviewer I know. I am a reader, myself, but have learned there is a huge audience of educated, intelligent listeners for podcasts. To see how podcasters are different, an ideal video is only…
Read MoreFor better or for worse
Insightful article by Donalee Moulton in the Investment Executive. Spousal RRSPs can be a simple and effective tax-saving strategy for married and common-law couples. But these accounts are not for everyone – and have potential drawbacks. These plans are intended for couples, both common-law and married, who have dissimilar income levels, notes Ed Rempel, a fee-for-service…
Read MoreWhen is the 4% Rule safe? Interview with Ed Rempel
Interesting interview by Sheryl Smolkin from the Saskatchewan Pension Plan. Many financial planners use the 4% rule, which essentially says that you can withdraw $40,000 a year plus inflation for life from a $1 million portfolio. What do you think?
Read MoreEd Rempel: Dedicated to Dispelling Conventional Financial Wisdom
Well-written article on Biz TV. Unconventional wisdom. So many Canadians limit their financial future because of beliefs they have that are simply not true or are not optimal. Myths about the stock market lead Canadians to invest too conservatively to achieve their life goals. Myths about retirement planning leave them far short when they retire.…
Read MoreThrilled to be a new Contributing Editor for the Canadian MoneySaver
I’m pleased because the Canadian MoneySaver is the highest quality financial magazine in Canada, in my opinion. It is also Canada’s only financial magazine with a print edition. I wrote a very high quality article for the November issue about how to become financially free. It covers: The most common issues people experience trying to…
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