Retirement Planning Wisdom
The 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…
Read MoreSmith Manoeuvre or Smith Maneuver?
Why the two spellings and which is correct? This strategy (which I’m most known for), helps Canadian homeowners make their mortgages tax deductible in a simple way. What’s the proper spelling? Who pioneered this legal strategy? Does it work in Quebec? Can you use it if you live in the United States? All these questions…
Read MoreFinancial Post Article: This 70-year-old with some risky investments wants to know where to put his money
The Financial Post asked me to review the finances of a 70-year-old retired man who is expected to inherit $200,000. He has been focusing on growing a modest, self-directed investment portfolio using a mix of somewhat risky stocks and funds. What should he do now for the next chapter in his life? How much does…
Read MoreGambling, Speculating, Saving & Investing. What’s the difference?
How should you invest your money? If you don’t invest wisely, it will be hard to fund your future. There are always new areas you can put your money into, but are they worthwhile long-term? In my latest video and podcast episode, I look at all the possible areas to invest your money and fit…
Read MoreHow to Easily Outperform Financial Advisors, Robo-Advisors & Index Investors
Financial freedom is what we all want. We talk to people about their finances all the time and most people just want to know that their money is there, and they can live their life the way they want, but very few Canadians actually get there. Why? Most Canadians are not financially secure because of…
Read MoreMoney123 Article: Using a Credit Line as Your Emergency Fund
Do you have a credit line? It may be a great way to provide for emergencies, instead of having cash lying around. As a financial planner for Global News’ Money123 online email newsletter, I answer reader questions about investing, managing your finances, and planning for your future. In the latest email that went out to…
Read MoreFinancial Post Article: Retired multi-millionaire wants to know pros and cons of LIFs vs. RRIFs, but he has a bigger issue
The Financial Post asked me to review the finances of a retired multi-millionaire who needs to prioritize tax efficiency, as well as the pros and cons of LIFS vs. RRIFs. In the article you’ll learn why it’s so important for someone with this amount of wealth to create a financial and retirement plan. CLICK THE…
Read More2 Things You Must Focus on to Be Financially Secure
Do you feel financially secure? What would it take for you to build a huge nest egg to become financially secure? Conventional wisdom says it’s mostly about investing better. It suggests you should focus on getting a higher return or lower fees. Prefer an overview? Like videos? Listening to podcasts? Check out our whiteboard video,…
Read MoreRRSP Gross-up Strategy – Easily Contribute 40-70% More to Your RRSP (2024)
The RRSP Gross-up Strategy is a relatively simple concept that can help you contribute 40-70% more to your RRSP, without using any more of your cash. Do this every year and you can retire with 40-70% higher income for life! RRSP Gross-up Strategy (2024) – Easily Contribute 40-70% More to Your RRSP Tax refund options…
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