Efficient Markets

Hello and welcome to Episode 14 of Retire Me.

 

On the show today, we talk about downsizing in retirement - selling your home approaching retirement and moving to a smaller place and potentially unlock some equity in your home to use to bolster your retirement income plan.

 

We talk about the benefits, the risks, and some steps you can take if you want to consider downsizing in retirement.

 

Full episode notes will be on my blog this week at www.walhoutfinancial.ca

 

Thanks for listening!

 

Mark

Welcome to episode 13 of Retire Me.  Thank you for tuning in this week!

On today's episode we talk about spring cleaning for your estate plan.

We cover:

1) What are the key elements of your estate plan

2) Why they are important

3) Why it is crucial to get agreement from your executor when naming them to *be* your executor

4) Some resources to get your started

Links mentioned in this podcast:

1) The Canadian Guide to Will and Estate Planning

2) Estate Planning and Online Accounts by Fasken Martineau

3) Keeper.com 

4) Weekly Economic Review by iA Financial Group

Full shownotes will be up this week at www.walhoutfinancial.ca

Thanks for listening!

Mark

Hello, and welcome to episode 12 of Retire Me.

Today on the show:

1) I perform portfolio triage on a 60/40 portfolio after the market drop in Q1.  Dave and Sue (our hypothetical couple) wonder if they can still retire and what they need to do to make it successful.  I use a Monte Carlo analysis and some adjustments to show how Dave and Sue should proceed.

2) I give some updates on CERB program that came in this weekend and this morning.

Detailed show notes on my blog shortly at www.walhoutfinancial.ca

Thanks for listening!

Mark

Hello, and welcome to Episode 11 of Retire Me!

On today's episode, we discuss:

1) Updates to the Canadian federal government's stimulus programs for employers and employees

• last week, Prime Minister Trudeau introduced changes to the stimulus package with the introduction of CERB
• he also introduced a wage subsidy program so small business owners can keep employees on payroll during the shutdown

2) Article from Christine Benz at Morningstar - Retirees and Pre-Retirees: You've Got This

3) Economic Indicators and the market - they don't always correlate perfectly

Detailed Show Notes on my blog here: 

https://walhoutfinancial.ca/retire-me-podcast/retire-me-episode-11-things-retirees-can-do-proactively-in-response-to-the-market-downturn

Thanks for listening!

Mark

Welcome to Episode 10 of Retire Me

Today on the show we talk about:

1.  Considerations for helping your adult children buy a home
2.  Different ways you can structure that transaction
3.  Tax and Legal implications
4.  Recent announcements regarding the COVID 19 Stimulus plan and their impact for retirees

Detailed show notes and links will be up on my blog shortly.

Thanks for Listening!

Hello and welcome to Episode 9 of Retire Me.

We have officially entered a bear market.  On today's episode I discuss:

1) A history of bear markets going back to 1926

2) The ordinariness of bear markets

3) Why the intervening periods between bear markets (Bull Markets) are so much more impactful but rarely celebrated by the media

4) How a common retiree portfolio (60% stocks and 40% bonds) responds coming out of a crisis historically

Detailed show notes and visuals from this episode will be up on my blog shortly at www.walhoutfinancial.ca

Thanks for listening!

Welcome to Episode 8 of Retire Me!

Today, I talk about the Coronavirus and how a retiree can put market downturns into perspective.

1.  If you have a solid plan, and an investment strategy that follows that plan, you are going to be fine.

2.  A 60% equity/40% quality bond holder has 10 years of retirement spending in bonds using a 4% withdrawal rule.  If you think what's happening now will resolve itself in 10 years, you should feel ok

3. There is always a reason to be pessimistic - Coronavirus is just the most recent one

4. 12 ways the world has gotten better, and optimism for how the world will continue to get better

Detailed show notes and links and charts will be on my blog shortly.

Thanks for listening!

Mark

Welcome to episode 7 of Retire Me!

Today we discuss RRSP's, specifically:

1) What is an RRSP and what does it do?

2) An example of good tax planning using an RRSP

3) When an RRSP doesn't make sense to use

4) How to use RRSP's as you approach retirement.

Show notes and resources used in this podcast will be uploaded to my blog at walhoutfinancial.ca shortly.

Enjoy!

Hello and welcome to Episode 6 of Retire Me   Today we talk about wills and why retirement is a good time to update your will. We also talk about:

1. What is a will and what does it do?
2. What happens if I die without a will?
3. Who should have a will?
4. Why is retirement a good time to get my will updated?
5. How to get started

  Show notes and resources used in the creation of this episode can be found at:   https://retirehappy.ca/do-you-have-a-will/ http://www.thebluntbeancounter.com/2019/12/navigating-sibling-estate-fight-plus.html https://www.amazon.ca/Canadian-Guide-Will-Estate-Planning/dp/0071753745

Welcome to episode 4 of Retire Me.

Today we talk about strategies that retirees can use to lower their tax bills in retirement.  We touch on topics including:

• the types of income that can be split or shared in retirement
• tax credits (coupons) that are available to retirees
• how CPP sharing is different than income splitting
• how a retired couple with $100k of family income can save 25% on their tax bill in the first year of retirement using income splitting and tax credits
• Mark talks about his great skiiing adventure from Sunday with Sarah and the kids :)

Resources mentioned in the podcast are available on my blog at https://walhoutfinancial.ca/insights/retire-me-episode-5-how-can-pension-splitting-and-tax-credits-reduce-my-taxes-in-retirement

Thanks for listening!