Posts Tagged ‘retirement income’
Financial Post Article: Early retirement just a dream for couple who want to buy new home in Vancouver
The Financial Post asked me to review the finances of a Vancouver couple whose money is already tied up in real estate, but want to purchase a new home. What’s the better option when it comes to saving for retirement: real estate or the markets? It’s a question Joe* and Alice are grappling with as…
Read MoreSmith Manoeuvre AFTER You Retire
What do you do with the Smith Manoeuvre AFTER you retire? My latest video and podcast episode is for you if you already know the basics of the Smith Manoeuvre. You have been doing this strategy for awhile, you’ve converted your mortgage to tax deductible, and you’re thinking about retiring. You’ve got a big investment…
Read MoreIs Typical Retirement Advice Good Advice?
If you’re thinking of retiring or your parents or friends are retiring, beware of the typical advice you get. In my latest video and podcast episode, I talk about the 5 conventional wisdom rules of thumb for retirees. As the unconventional wisdom guy, I do the math for you to see whether they actually worked…
Read MoreHow to Afford the Life You Want
If you are worried about your finances & your future – you are not alone. Many people are worried about their finances. I receive daily notices from the “Free 30-Minute Consultation” form pouring out their life, what they are worried about & what they want. National Post family finances – I was interviewed for 6…
Read MoreFinancial Post Article: This Alberta couple won’t retire for another 30 years, but they can start planning now
The Financial Post asked me to review the finances of a 30-something Alberta couple who hope to have another child in the next few years and see themselves buying some property and building a home where they will retire. See why it’s a big benefit for you to plan for the retirement you want years…
Read MoreRental Property vs Stock Market – What’s the Best Investment?
From the eye of a growth investor, what is the best investment – a rental property or the stock market? We will discuss topics you won’t see anywhere else: Head to head: Returns on rental property vs. stock market. Saving tax on rentals with smart use of CCA & properly recording sale on your tax…
Read MoreDoes Borrowing to Invest Make Sense with High Interest Rates?
Should you borrow to invest? With interest rising 4.5% recently, does it still make sense? Spoiled with low interest rates so low for many years, leverage seemed so obvious with a credit line at 3% and tax-deductible, while getting the growth of the stock market. As a fee-for-service financial planner, and an expert on the…
Read MoreHow to Easily Outperform Investment Advisors & Robo-Advisors
Investment advisors and robo-advisors have a massive disadvantage – they are short-term thinkers. You can easily outperform them by learning the skill of long-term thinking. Short-term thinking leads them to select suboptimal investments and focus on the wrong risk. You can clearly see this because nearly all investment advisors and robo-advisors do the “4 Performance…
Read MoreFinancial Post Article: B.C. couple has plenty of money, but even the wealthy need a coherent financial plan
A financial plan is really a life plan to think through what you want to do with your money and life. This is why the wealthy need a Financial Plan, just like everyone else. What lifestyle do they want to live and what do they want to do with their money? How comfortable of a…
Read MoreFinancial Post Article: Ottawa couple aiming for simple retirement worry inflation will derail their plans
The Financial Post asked me to review the finances of an Ottawa couple who are worried that inflation will take away money from their pension plans. See how looking at their additional lifestyle spending will make a difference for their retirement. CLICK THE LINK BELOW TO READ THE ARTICLE BY MARY TERESA BITTI: Ottawa couple…
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