Posts Tagged ‘retirement income’
Using Your Corporation As Your Retirement Fund
Can you fund your retirement from your corporation? That’s the question I answer in my latest video and podcast episode specifically for business owners. This is part # 2 of the video I did last week, where I go deeper into tax-efficient investment strategies when owning a corporation. It may seem complicated (if you’re talking…
Read MoreWhy Most Financial Plans Fail
Many people who work with us to figure out their retirement plan, have created a financial plan before. You can get a financial plan from a bank, online methods, financial advisors or fee-only financial planners, but often these financial plans fail. They do not give you the life you want. In my latest video and…
Read MoreFinancial Post Article: Freedom 55? Statistics professor gambles his way to Freedom 43
The Financial Post asked me to comment on the investment strategy of a Statistics professor who retired at age 43 with a side hustle that uses statistical modelling to primarily bet on sports. The FIRE movement is dedicated to retiring young, which stands for “financial independence, retire early.” Many of these people come to me…
Read MoreFinancial Post Article: This woman needs to adjust her retirement plans as AI slowly takes over her job
The Financial Post asked me to review the finances of a woman who operates a successful freelance-writing business who is concerned about her financial future and retirement now that AI-generated content is starting to replace her clients. This is a particularly interesting client case story if you are in an industry that is changing due…
Read MoreRisk of Bonds To Your Retirement
In my latest YouTube video and podcast episode, I give you insight into what I advise my clients and why I declare the death of bonds as an investment. It’s time for most investors to stop investing in bonds. Including balanced funds. Here are just some of the topics I cover in the video: Ed
Read MoreFinancial Post Article: This retired woman needs to figure out what to do with potential $50 million in savings
The Financial Post asked me to review the finances of a single, retired 50-year-old woman who doesn’t have children and lives with her aging parents. She wants guidance on how to enjoy a comfortable retirement without risking outliving her money. This is a particular interesting client case story, as she actually has more money than…
Read MoreMillionaires in Poverty
This may sound like a dumb topic. Why would a millionaire live in poverty? We see it all the time, though. People living in a paid off home worth more than $1 million while living on an income of $20,000/year before tax. I believe this is caused by the belief that your home is your…
Read MoreFinancial Post Article: Costly divorce leaves this 61-year-old woman wondering if she can ever retire
The Financial Post asked me to review the finances of an Edmonton woman who is in the process of finalizing a costly divorce and preparing for a fresh start. She is looking for ways to retire soon, despite her divorce and her age. In this article you’ll learn: CLICK THE LINK BELOW TO READ THE…
Read MoreHow to Get Passive Income with Little or No Tax
Can you really make money while you sleep with little or no tax? Covid changed most of our working habits, in that many people stayed home, while others felt the financial pinch of the pandemic. New paradigms arose, such as creating wealth, without work. Passive income started becoming a conversation not just with people who…
Read MoreFinancial Post Article: Looking for the right strategy to draw down retirement income
The Financial Post asked me to review the finances of a Toronto couple who would like to know the best strategy for drawing income from their pension, RRSPs, Canada Pension Plan and Old Age Security. Currently they have focused their investment strategy on dividend-paying stocks (largely based in North America) and away from growth and…
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