Financial Post Article: Woman with $3.77 million in investments needs balance between private equity, GICs

PHOTO BY CHLOE CUSHMAN/FINANCIAL POST ILLUSTRATION

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 British Columbia with other properties and investments.

In this article you’ll learn:

  • Her exact investment portfolio.
  • Why interest paying investments are not the safest.
  • Her annual expenses and passion projects during retirement.
  • The best overarching strategy to structure her retirement income & minimize tax.
  • The type of investments she should choose to save tax & provide a reliable long-term return.
  • How she can reduce her tax from $50,000/year to $5,000/year.
  • Why she should create “self-made dividends” for the cash flow she wants.

CLICK THE LINK BELOW TO READ THE ARTICLE BY MARY TERESA BITTI:

Woman with $3.77 million in investments needs balance between private equity, GICs

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Ed Rempel has helped thousands of Canadians become financially secure. He is a fee-for-service financial planner, tax  accountant, expert in many tax & investment strategies, and a popular and passionate blogger.

Ed has a unique understanding of how to be successful financially based on extensive real-life experience, having written nearly 1,000 comprehensive personal financial plans.

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