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

In episode 44 of Retirement Unpacked, Matthew and Gord discuss when you should actually use your cashflow wedge and how to structure it, whether you need RRSP contribution room to unlock a LIRA, if it makes sense to structure your income in a way to qualify for GIS, when non-registered accounts can become a tax problem, and much more.
Later in the episode, Adam and Martin join the episode to discuss the importance for high net worth retirees to shift from wealth building to wealth distribution. They talk about the tax problems that can come from holding too much in taxable accounts, why delaying decisions can lead to larger tax bills later, and how strategies like gifting, charitable giving, and intentional estate planning can help make a bigger impact with your wealth.Chapters0:00 Intro
0:30 When should you use your cashflow wedge?
5:55 Can you unlock your LIRA if you have no RRSP contribution room?
8:08 Do spousal RRSP contributions use my contribution room?
10:12 Should you structure your income to qualify for GIS?
15:22 Can you unlock a LIRA more than once?
19:22 What happens to locked-in accounts when a spouse dies?
21:52 How should a cashflow wedge be structured?
25:48 Selling a rental property and OAS clawback implications
29:56 Should couples retirement plan together?
33:57 When non-registered accounts become a tax problem
40:41 Shifting from wealth building to wealth distribution (case study)
46:26 The smith manoeuvre in retirement: Keep it or unwind it?

In episode 43 of Retirement Unpacked, Adam and Brett discuss the laddered income strategy and whether it makes sense to use inflation as your “ladder,” what your options are if your TFSA is maxed and you still have excess funds, whether RRSPs make sense if you have a pension, if you only need a cashflow wedge in the accounts you’re actually withdrawing from, and much more.
Later in the episode, Paul Grenier joins to discuss a case study involving a couple who recently refinanced their mortgage, invested the proceeds in the markets, and are now looking at retiring early. The case looks at how shifting assumptions and expectations can impact the planning process, and why it’s important for both partners to be aligned and prepared before starting to plan for retirement.

Chapters 

0:00 Intro

0:18 Can you let inflation 'ladder' your retirement spending?

5:57 RRIF to non-registered strategy

9:05 Maxed TFSA in retirement, where should excess funds go?

14:20 Attribution rules when you have 2 spousal RRSPs

18:06 Do RRSPs make sense if you have a pension?

26:02 Does TFSA go to spouse if you list them as beneficiary?

30:16 Can you partially convert your RRSP?

35:37 Do you only need cashflow wedge in the accounts you're withdrawing from?

41:19 Tax implications when passing on assets to next generation

47:26 What does our retirement planning process look like?

50:20 Expectations vs reality in retirement planning (case study)

55:05 Will it ever make sense to defer OAS but not CPP?

In episode 42 of Retirement Unpacked, Brett and Paul break down the importance of using conservative assumptions in your retirement plan, the CPP child-rearing provision, retiring with an age gap, if it makes sense to start CPP early and invest into your RRSP, how non-registered accounts are taxed, and much more.
Later in the episode, Mathieu Huneault     joins to discuss two client planning scenarios: one involving a client who received a severance payment and needed to consider if RRSP contributions could lead to overcontribution issues due to how the income is classified, and another where a client regretted starting CPP and learned they were still within the window to cancel it by repaying the benefits received.Chapters

0:00 Intro
0:47 The importance of assumptions in retirement planning

7:39 The CPP child-rearing provision, explained

15:01 Should you pay into CPP if you have a corporation?

21:35 Planning around unique retirement situations

27:12 Start CPP early and invest into your RRSP

33:06 Can you use your cash wedge to buy the dip?

38:54 Retiring with an age gap

44:56 Tax implications of loaning money to your kids

50:15 How are non-registered accounts taxed?

56:36 Should I work one more year?

1:01:03 Contributing severance payment to an RRSP (case study)

1:08:24 Canceling your CPP (case study)

1:13:25 Cashflow is more important than growth in retirement