Retirement Planning Wisdom
Financial 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…
Read MoreRRSP Gross-up Strategy – Easily Contribute 40-70% More to Your RRSP (Updated)
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 you learn from your retirement plan is that you need a lot more to retire comfortably than you may have thought. But with all the day-to-day expenses, it can be…
Read More5 Steps for You to Become Wealthy
One of the really cool things about my job is that I get to meet a lot of wealthy people. I get to see what kind of people they are and what their life is like. What I find really rewarding though is to take people whose lives are struggling or just regular income earners…
Read MoreWhy You Need an Emergency Plan, Not an Emergency Fund (Moolala: Money Made Simple With Bruce Sellery) Sirius XM Radio Channel 167
You may have heard that you MUST have an Emergency Fund. And yet how many of you actually have one? I was recently interviewed about this topic on the Sirius XM Radio Channel 167, which is now out on the Moolala: Money Made Simple podcast with Bruce Sellery. As you know, I’m all about unconventional…
Read MoreTFSA or RRSP? Cutting through the Confusion (as seen on Money.ca)
Here is my article from Money.ca… When it comes to choosing between a Tax-Free Savings Account (TFSA) and a Registered Retirement Savings Plan (RRSP), there are plenty of details to keep you up at night. It’s important to look at the pros and cons of each plan, so you can develop a financial plan that’s…
Read MoreFinancial Post Article: Couple expecting $1-million inheritance want to know if they can retire early
The Financial Post asked me to review the finances of a couple who are expecting a $1 million inheritance and want to know if that will help them retire early. Given that an estimated US$84.4 trillion in savings, stocks and property will pass from baby boomers to their heirs and favoured charities by 2023, this…
Read MoreWhen can I Retire with the Lifestyle I Want?
Financial freedom. It is what we really want. You need a Retirement Plan to get there. It will not happen on its own. Creating your Retirement Plan is fun. It makes you wealthier. It’s not about your money – it’s about your life. Prefer an overview? Like videos or podcasts? Check out our whiteboard video,…
Read MoreHow To Live Off Your Investments and How Much Do You Need? BuildWealthCanada Podcast featuring Ed Rempel
How much do you need to be financially independent? That is just one of the many questions posed by Kornel Szrejber of Build Wealth Canada. He recently interviewed me for his podcast, where I go into depth about financial planning practices I use with my clients, as well as complex tax questions. You can watch…
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