Posts Tagged ‘tax on investment income’
Money123 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…
Read MoreTax Brackets for Parents & Seniors Are Way Different Than You Think!
Tax brackets for parents and seniors are way different than you think. This might be a real eye opener for some people because I think a lot of people that do some basic tax planning are doing it all wrong. In my latest video and podcast episode I’m going to give you a tax planning…
Read MoreDividend Investing Perfected with Self-Made Dividends (Canadian Financial Summit 2023)
In the vast landscape of personal finance, dividend investing has carved out a significant niche. Whether you’re browsing through countless blogs or hearing investment advisors champion its benefits, it’s clear that dividend investing is a popular choice, especially with the FIRE (Financial Independence, Retire Early) community. However, a closer look reveals that almost all the…
Read MoreNational Post Article: Couple has a compelling reason for wanting to break with the retirement mould
The National Post asked me to review the finances of a couple who want to retire in their 50s. They’d like to spend three to four months a year in a warmer climate. They have a $1.6 million investment portfolio that generates about $52,000 a year in dividends, they have a combined annual income of…
Read MoreMid-Year Insights 2024: Timeless Truths, Market Observations, and Practice Updates
Here are three key insights that I believe are essential for navigating the rest of the year and beyond. These insights are grounded in the principles that have guided our successful financial planning and investment strategies. The three key areas: Some timeless truths that guide our financial planning, a few observations on the markets so…
Read MoreNational Post Article: Snowbirds paying $15,000 a year in investment fees worry about growing their nest egg
The National Post asked me to review the finances of a newly retired couple who are snowbirds. They are currently paying $15,000 a year in investment fees, but feel they don’t get much tax or financial planning advice. They are also business partners who have worked in the U.S. One has a Canadian-United States citizenship,…
Read MoreHow Long Will You Live?
Have you ever wondered how long you might live? Understanding life expectancy is crucial for planning a secure and fulfilling future. In my latest blog post, YouTube video and podcast episode I explore the dramatic changes in life expectancy over the past century, why it’s expected to continue increasing, and how this impacts your retirement…
Read MoreHow To Create a Financial Plan That Is Your Life Plan – Interview with Kornel Szrejber
I recently worked with Kornel Szrejber, host of Canada’s #1 financial podcast “Build Wealth Canada,” on his family’s financial plan, so he could feel confident about his retirement. Kornel retired in his 30s, but he was starting to feel anxious because he wanted to make sure he wasn’t overspending. This YouTube interview and podcast episode…
Read MoreHow to Successfully Implement the Smith Manoeuvre (Podcast with Ed Rempel)
You know the basics about the Smith Manoeuvre. It’s a big decision. Here is a discussion of the big issues. Listen to my new podcast with Sean Cooper from BurnYourMortgage.ca . Here is the link: How to Successfully Implement the Smith Manoeuvre with Ed Rempel We discuss: • Why should you consider the Smith Manoeuvre?•…
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