On episode 54 of Retirement Unpacked, Brett Martinson and Jon Kutney discuss how to utilize additional TFSA contribution room in retirement, how to incorporate dividends into your cashflow (income) wedge, DIY retirement planning software, marginal vs. average tax rates in retirement, in-kind charitable donations, and much more.

Later in the episode, Mathieu Huneault joins the show to discuss tax planning strategies for those with non-registered accounts with large unrealized capital gains. Brett and Mathieu go over how using available RRSP contribution room can help manage the tax impact of those gains.

Wealth transfer article: https://www.wealthprofessional.ca/news/industry-news/wealth-transfer-timing-why-waiting-is-the-costliest-mistake-families-make/393369

Our free decumulation 101 course: https://www.parallelwealth.com/offers/VzwEVF5b/checkout

Work with our team: https://www.parallelwealth.com/planning

Chapters

0:00 Intro
0:32 Contributing to your TFSA in retirement
4:28 Are dividends a part of your income wedge?
10:12 DIY retirement planning software
17:10 Marginal vs. average tax rate in retirement
22:51 How to calculate value of property
27:32 What does self insuring in retirement look like?
35:14 Living trusts for an adult disabled child
41:09 In-kind charitable donations
47:37 CPP splitting after a divorce
51:58 Deferring your DB pension
57:52 How do alternative investments fit into income wedge?

On episode 53 of Retirement Unpacked, Adam Bornn and Martin Goudreault discuss when you should convert your RRSP to a RRIF if you're retiring in 2027, whether or not you need a cashflow wedge in your TFSA, converting to a RRIF vs. just withdrawing from your RRSP, tax implications when gifting money to your kids, planning considerations when you love your job, and much more.

Later in the episode, Peter Filippakis joins the show to discuss the importance of stress testing your retirement plan, while also avoiding analysis paralysis and letting fear ruin your plan.

Our free decumulation 101 course: https://www.parallelwealth.com/offers/VzwEVF5b/checkout

Work with our team: https://www.parallelwealth.com/planning

Chapters

0:00 Intro
0:24 Retiring in 2027: When should I convert my RRSP?
3:58 Do I need a cash wedge in my TFSA?
6:08 Common law planning considerations
8:46 Delaying OAS when you don't have 40 years in Canada
11:04 Why move money from a RRIF back to an RRSP
14:07 Converting to a RRIF vs. just withdrawing from RRSP
17:05 Gifting money from your non-registered to your kids
22:11 Moving money from your RRIF to your non-registered
24:34 Don't overcomplicate your retirement
30:28 When do annuities make sense?
37:59 Planning considerations when you love your job
43:03 Stress testing your retirement plan
47:59 How to find a trusted financial planner

On episode 52 of Retirement Unpacked, Gord Manzer and Michael Barichello discuss why converting your RRSP to a RRIF before 71 can make sense, where to allocate a large cash sum before retiring, LIF maximum withdrawal rules, CPP child rearing years, when annuities make sense, and much more.
Later in the episode, Martin Goudreault joins the show to discuss a case study where a couple had more than enough income to retire comfortably, and how the next conversation was how to make the plan the most tax efficient as possible.

Our free decumulation 101 course: https://www.parallelwealth.com/offers/VzwEVF5b/checkout

Work with our team: https://www.parallelwealth.com/planning

Chapters:

0:00 Intro
0:48 Converting your RRSP before 71: What's the point?
5:34 Where to allocate a large cash sum before retiring
9:35 LIF maximum withdrawal rules
12:12 How does working past 65 affect CPP?
13:47 Do you have to calculate CPP child rearing years yourself?
16:14 CPP split upon divorce: How to factor in child rearing years
17:53 Does it ever make sense to contribute to RRSP in retirement?
21:27 Contributing to RRSP in a higher income year
24:29 Can you take CPP and OAS while working
25:45 When do annuities make sense
31:03 High income planning in retirement: Creating tax efficiency
37:59 Insurance vs. self insuring in retirement

On episode 51 of Retirement Unpacked, Brett Martinson and Matthew Dennis discuss whether it ever makes sense to put a house into a trust, clear up some confusion about what a cashflow wedge actually is, look at whether CPP really keeps up with "real-world" inflation, planning considerations for a disabled adult child, and much more.
Later in the episode, Mathieu Huneault joins the show to discuss a client case study where a retired couple was hesitant to spend their savings even though they had plenty of room in their plan. He discusses how they were able to pay off their mortgage earlier which gave them the peace of mind to start spending and enjoying their retirement.

Our free decumulation 101 course: https://www.parallelwealth.com/offers/VzwEVF5b/checkout

Work with our team: https://www.parallelwealth.com/planning
Chapters:
0:00 Intro
0:45 Should you put a house into a trust?
12:34 Do cashflow wedges actually make sense?
26:34 Differences between RRSPs and RPPs
30:04 Does CPP actually keep up with inflation?
37:29 Planning considerations for a disabled adult child
48:54 Should you reinvest bond interest?
56:52 OAS clawback: When do you get your money back?
1:01:59 Should you consider using a reverse mortgage?
1:07:15 Should you keep a small mortgage in retirement?
1:12:47 Case study: Can you afford to spend more?
1:23:53 In-kind donations: What charities are eligible?

On episode 50 of Retirement Unpacked, Adam Bornn and Brett Martinson discuss DIY retirement planning software options for Canadians, whether extended health and dental coverage is worth it for retirees, how retiring with two pensions can change withdrawal strategy, and much more.
Later in the episode, Gord Manzer joins the show to discuss some of the unique considerations when retiring partway through the year, including income planning, tax planning, capital gains and losses, and preparing for the year ahead.

How much cash should you keep in your portfolio?: https://www.moneysense.ca/columns/ask-a-planner/how-much-cash-should-you-keep-in-your-portfolio/

Our free decumulation 101 course: https://www.parallelwealth.com/offers/VzwEVF5b/checkout

Work with our team: https://www.parallelwealth.com/planning
Chapters:
0:00 Intro
0:24 DIY retirement planning software
4:54 Reducing OAS clawback with form T1213OAS
10:46 Health and dental coverage in retirement: Is it worth it?
17:36 Does reinvesting dividends count as a trade?
20:26 Do you need to convert your entire RRSP to a RRIF?
26:59 How does two pensions change your retirement plan
33:03 Naming younger spouse for your RRIF minimum
37:29 Should you put your tax refund into your TFSA
42:08 What should you do with your investments before passing away?
47:12 How to calculate your CPP dropout years
52:08 Considerations when retiring mid year
56:18 How much cash should you keep in your portfolio?

On episode 49 of Retirement Unpacked, Paul Grenier and Jon Kutney discuss the Home Buyers' Plan vs. the FHSA and how these tools can be used if you're close to or in retirement, the cashflow wedge (of course), how spousal RRSPs work in retirement, and much more.

Later in the episode, Peter Filippakis   joins the show to do a deeper dive into what the cashflow wedge actually is, how much you need to have, and how it actually works in your retirement.

Chapters

0:00 Intro
0:41 Can a money market fund be used as your cashflow wedge?
4:18 Home Buyers' Plan vs. FHSA
6:51 FHSA rollover into RRSP
8:48 Should you apply for OAS if you're going to get clawed back?
12:06 Options when repaying Home Buyers' Plan
15:34 For a 70/30 portfolio, is the 30% your cashflow wedge?
18:18 Should your cashflow wedge be in real or nominal dollars?
22:46 Cashflow wedge explained: What it is, how much you need, and how it works
31:27 Will the government increase the TFSA limit in the future?
34:20 What is it like being a financial planner?
41:13 How spousal RRSPs work in retirement
45:33 Should we prioritize our RRSP or TFSA?

On episode 48 of Retirement Unpacked, Adam Bornn and Mathieu Huneault discuss how retiring early affects CPP and non-contributory years, what to consider if you have multiple RRSP accounts, why most retirees should consolidate their accounts, when it makes sense to convert your RRSP to a RRIF, and what to do if you took CPP early and realize you made a mistake.
Later in the episode, Michael Barichello joins the show to discuss a real case study where the client was set on starting CPP early. He discusses how the goal isn’t to find the “right” CPP decision, but to understand the trade-offs, see how starting at different ages impacts the overall plan, and make an informed decision.

Chapters0:00 Intro
0:34 Why delay CPP if you already have a pension?
3:37 Delaying CPP: Do ages 65 to 70 count as non-contributory years?
4:52 How does retiring early affect CPP?
7:05 What happens if you have multiple RRSPs?
10:42 Should you convert to a RRIF prior to 65?
15:36 Retiring with 2 pensions: should I convert my RRSP now?
18:36 RRIF withdrawals: Should you put money back into an RRSP?
24:54 RRIF vs. non-registered accounts: Understanding the tax differences
30:50 Do you need a cashflow wedge if you have a pension?
37:22 I made mistake of starting CPP at 60, should I delay OAS?
39:57 A real CPP timing case study
43:46 Tax implications of converting a property to your principal residence

In episode 47 of Retirement Unpacked, Brett Martinson and Matthew Dennis discuss whether you should make your spouse a joint owner of your non-registered account, the key considerations before downsizing your home and renting, LIRA unlocking rules and how they vary by province, tax loopholes versus legitimate tax planning, and much more.

Later in the episode, Gord Manzer joins the show to discuss what to expect from a retirement plan when you're still 10+ years away from retiring, why plans change over time, and how to use that information to make better financial decisions today.

Chapters:

0:00 Intro
1:22 Non-registered accounts: should you make them joint?
10:28 Selling house: should I downsize or rent?
18:19 Can you transfer investments in-kind from RRIF to TFSA?
23:44 Should I name my estate the beneficiary on my RRSP?
32:25 LIRA unlocking rules: every province is different
40:36 RRSP meltdown strategies for high-income earners
46:32 Tax loopholes: what's legal vs. what's risky
1:01:03 Can the FHSA be used as a tool for retirement
1:05:36 Planning for retirement 10+ years away
1:19:07 CPP survivor benefits explained: does delaying CPP hurt you?

In episode 46 of Retirement Unpacked, Adam Bornn and Kyle Martins discuss how CPP adjusts for inflation, the risk of delaying to 70, how to manage and replenish your cashflow wedge as you walk through retirement, the trade-offs of selling your home to rent, where to save after maxing out your RRSP and TFSA, and much more.

Later in the episode, Paul Grenier joins the show to discuss a unique client situation where a 65 year old used the Home Buyers’ Plan to withdraw from her RRSP and purchase a home. He explains why she was eligible, how the strategy fit into her retirement plan, and why you shouldn’t assume you don’t qualify for certain government programs.

Chapters

0:00 Intro
0:24 CPP inflation adjustments explained
3:11 How the CPP survivor benefit works
5:52 The risk of delaying CPP to 70
8:27 Should my holding company be out of the market?
11:47 How to manage your cashflow wedge during strong markets
14:41 How to replenish your cashflow wedge
17:03 Can bonds be used as your cashflow wedge?
20:59 Spousal RRSP strategy before retiring
24:15 The trade-offs of selling your home to rent
29:01 Where to save after maxing out your RRSP and TFSA
32:10 Using the Home Buyers' Plan at age 65 (case study)
38:50 The tax benefits of donating investments in-kind

In episode 45 of Retirement Unpacked, Kyle and Michael discuss the pros and cons of DIY retirement planning and DIY retirement planning software, whether it makes sense to carry a mortgage into retirement when you have a defined benefit pension, when spousal loans can be a useful tax strategy, how to coordinate retirement withdrawals between pensions and RRSPs, and much more.
Later in the episode, Mathieu joins the show to go over a client case study and discuss the benefits of updating your retirement plan, including how changes to QPP and locked-in account rules allowed the client to make adjustments that improved their plan.

0:00 Intro
0:30 Pros and cons of DIY retirement plans
4:13 Which year’s income determines your OAS clawback?
7:28 Should you pay off your mortgage before retirement?
12:05 How is the RRIF minimum calculated?
15:13 Spousal loans explained
21:01 Advantages of converting your RRSP at 55
24:57 Considerations when your pension is not indexed to inflation
29:19 Potential changes to Ontario LIRA unlocking rules
31:54 Coordinating a pension and RRSP in retirement
34:15 How changing legislation impacts retirement plans
38:16 RRSP strategies for one time high income years