Posts Tagged ‘retirement income’
5 Best Things article – Challenging the Three Phases of Retirement Spending: Insights from Toronto-based Financial Planner Ed Rempel
For years, retirement planning has relied on the idea that spending naturally declines as we age. First the “go-go” years. Then the “slow-go.” Then the “no-go.” After decades of working with retirees, I believe this is not how retirement actually unfolds for many people, and planning for it locks retirees into declining travel, whether they…
Read MoreNational Post article: Should Ottawa couple defer CPP and OAS if they retire early next year?
The National Post asked me to look at the retirement plan for Arnold, 56, and Heather, 60, an Ottawa couple hoping to retire as early as next year. They both have strong, inflation-indexed defined benefit pensions, but they’re not sure they’ll actually have the retirement they want if they stop working now. They’re also not…
Read MoreWhat Canadians Are Really Asking About Money Right Now
Today’s episode is a bit different from the usual format. I want to take some time to speak directly to you — to say thank you, to reflect on what you’ve been listening to most, and to ask for your input on what would be most helpful going forward. Recently, Unconventional Wisdom was listed near…
Read MoreHow Did the Wealthy Get Wealthy — and Can I Copy Them? (Canadian Financial Summit 2025)
In a recent video for the Canadian Financial Summit I talk about who the poor and wealthy are and how they got there. Today, we’re diving deeper into one crucial aspect: how the wealthy became wealthy? Can their strategies work for you? Over the years, I’ve seen the full financial picture of thousands of Canadians…
Read MoreNational Post article: Is $15,000 for cross-border tax help too much?
The National Post asked me to look at the retirement plan for Rita, 61, and Darcy, 60, a Quebec couple who spent half their careers in the U.S. and the other half in Canada. Most of their retirement money is still in U.S. employer plans, and they’ll both receive U.S. Social Security as well as…
Read MoreThe Fake Stages of Retirement: Why ‘Slow-Go’ Is Really About Money — Not Age
You’ve probably heard the conventional wisdom about retirement stages: the “go-go” years right after you clock out, full of adventure and travel; then the “slow-go” phase where things wind down due to age and aches; and finally, the “no-go” period of quiet homebound days. It’s a neat little narrative, peddled by financial planners and lifestyle…
Read MoreNational Post article: Couple wants to retire abroad in their 40s. Do their RRSPs, TFSAs and other investments add up to enough?
The National Post asked me to review the retirement and financial situation of Jason, 41, and Julia, 38, from Ottawa. It is an interesting story since they can retire so young at only ages 42 and 39. They have been strong savers, invest effectively, and plan to invest their entire house proceeds when they sell.…
Read MoreYour FREE passes: See my talks at the #1 online event – Canadian Financial Summit 2025
The online Canadian Financial Summit is coming up the week of October 22-25. 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 offer your friends and…
Read MoreEarning Diary article: Ed Rempel on Why the 4% Rule May Be Holding Back Your Retirement Income
I was recently featured in Earning Diary discussing one of the most common and potentially misleading rules in retirement planning — the 4% Rule. After analyzing 146 years of market history, my research shows that this rule can actually hold many retirees back. Here’s what I found: Retirement planning is too important to rely on…
Read MoreThe Meaning of Life – Responsibility
What is the meaning of life? What makes life worth living? How can having a meaningful life help you become financially independent? You will learn: What is the meaning of life? What makes life worth living? The classic book “Man’s Search for Meaning” by Viktor Frankl showed that the people that survived many years in…
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