Posts Tagged ‘financial planning’
“When can I retire with the lifestyle I want?”: Toronto Financial Planner Ed Rempel Answers the Most Common Question Amongst Canadians
I was recently interviewed by Business News This Week about one of the most common questions Canadians ask me as a financial planner: “When can I retire with the lifestyle I want?” It’s the question that comes up again and again, yet the real issue isn’t when you can retire—it’s how you can create and…
Read MoreWhy Renting Could Be Your Secret to Smarter Wealth Building
Owning a home is unaffordable for many people today. Here is some good news! If you rent, you can grow your wealth as fast or faster using the same 2 ideas that benefit homeowners. Tenants have several major advantages over homeowners for wealth building. Many homeowners think their home is their best investment. But that…
Read MoreNational Post article: Divorce wiped out her savings. At 65, should Kate start drawing CPP?
The National Post asked me to review the retirement and financial situation of Kate*, a 65-year-old who recently relocated to Alberta after a costly divorce wiped out her savings. She’s determined to rebuild her life and finances, but she has questions: “Can I realistically buy a house, or is renting my best option? How do…
Read MoreHow to Make Your Home a Good Investment
Wait. Don’t people say, “Your home is your best investment? For many people, their home may be their only major investment. For them, that old conventional wisdom might be true. But that is unfortunate. It is easy to find better investments with dramatically higher long-term returns. Despite the lower returns, homeowners on average are wealthier…
Read MoreShould I Delay CPP & OAS Until Age 70? – Complete Answer with Real-Life Examples (Updated)
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 MoreHow to Donate Effectively and Avoid Telemarketers – Interview with John Bromley, Founder & CEO of Charitable Impact
Last year, I did a video on How to Donate Effectively, where we explored the idea that one of the ultimate status symbols is creating your own charitable foundation—and how to make a real impact with your giving. In my latest video I interview John Bromley, the Founder and CEO of Charitable Impact, the platform…
Read MoreRealizing You Somehow Became Wealthy
I often talk with people who realize—almost by surprise—that they’ve become wealthy. They never really thought of themselves as wealthy, but after years of saving and investing effectively, it hits them: I’m actually wealthy. And let me tell you—being wealthy feels different. In my latest YouTube video, podcast episode, and blog post I talk about:…
Read MoreWho Are the Wealthy and How Did They Get Rich?
As a financial planner, I’ve had a unique view into the full financial picture of thousands of Canadians and have read countless studies. My experience spans clients of varying financial backgrounds, as well as countless conversations with readers of my blog, friends, and acquaintances. Although our clients may not represent the entire population—they tend to…
Read MoreMoney123 Article: Mortgage vs. Retirement – What Should They Do?
A married couple are homeowners who currently save $1,000 a month after paying their bills. They are wondering if they should pay down their mortgage faster or invest their savings. 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.…
Read MoreYour FREE passes: See my talks at the #1 online event – Canadian Financial Summit 2024
The online Canadian Financial Summit is coming up the week of October 24-26. It’s the #1 personal finance event of the year. As a reader of the Unconventional Wisdom blog, here are your FREE passes for a limited time. With these FREE passes, you can watch all the talks for 48 hours. You can also…
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