Retiring Canada

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Market volatility, economic uncertainty, and constant negative headlines can create significant stress for retirees who depend on their investments for income.

In this episode of Retiring Canada, we discuss how prudent financial planning can help reduce retirement income risk and provide greater peace of mind during uncertain times.

You will learn why risk adjusted returns matter, how diversification can help protect retirement portfolios, and why an investment strategy alone is not enough to create a successful retirement plan. We also explain the concept of bucketing and how separating retirement assets into different pools of money can help retirees manage withdrawals more effectively during market downturns.

We also discuss the emotional side of retirement investing, the importance of tuning out financial noise, and why having a coordinated retirement income and tax plan matters just as much as investment performance.

This episode is for retirees and pre-retirees who want to better understand how to protect their retirement income and navigate market uncertainty with greater confidence.

WANT EVEN MORE RETIREMENT PLANNING TIPS?
Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠
https://www.retiringcanada.ca/retirement-newsletter

As a thank you, you'll receive a copy of our latest Retirement Guide AND MORE!

EPISODE RESOURCES:
📊 Work with Michael: https://fundamentalwealth.ca/get-started

💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter

👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide

✏️ Submit Your Question: https://www.retiringcanada.ca/submit-your-question

🌐 Retiring Canada Website: https://www.retiringcanada.ca

RETIRING IN UNCERTAIN TIMES - EBOOK 

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In many relationships, one spouse naturally takes the lead when it comes to investments, retirement planning, and long-term financial decisions. But what happens if that person is suddenly gone?

In this episode of Retiring Canada, we discuss the challenges couples can face when one spouse handles most of the finances and why both spouses should feel informed, involved, and supported.

You will learn why many surviving spouses change advisors after losing a partner, the importance of communication and trust within an advisory relationship, and how proper financial planning extends far beyond simply managing investments. We also share a powerful real world story that highlights the emotional and practical realities families face after the loss of a spouse.

We also discuss why DIY investors may face additional challenges in preparing their spouse to confidently manage finances in the future.

This episode is for retirees, couples, and families who want to ensure both spouses feel financially informed, prepared, and supported no matter what the future holds.

WANT EVEN MORE RETIREMENT PLANNING TIPS?
Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠
https://www.retiringcanada.ca/retirement-newsletter

As a thank you, you'll receive a copy of our latest Retirement Guide AND MORE!

EPISODE RESOURCES:
📊 Work with Michael: https://fundamentalwealth.ca/get-started

💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter

👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide

✏️ Submit Your Question: https://www.retiringcanada.ca/submit-your-question

🌐 Retiring Canada Website: https://www.retiringcanada.ca

📘 Surviving Spouse’s leaving their Advisor

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Saving aggressively for retirement is usually seen as a good thing, but over saving can create a new set of financial and tax planning challenges later in life.

In this episode of Retiring Canada, we discuss the hidden issues that can arise when retirees accumulate more wealth than they actually need to sustain their lifestyle.

You will learn how large RRSPs, multiple properties, and significant non-registered investments can create future tax problems, OAS clawbacks, and substantial estate tax liabilities if not properly managed. We also explain why tax wise decumulation, income splitting, and long term retirement planning become increasingly important for over savers.

We also discuss the emotional side of retirement, including the fear of spending, creating memories with family, charitable giving strategies, and building a lasting legacy.

This episode is for financially successful Canadians who want to better understand how to manage abundance, reduce future taxes, and make the most of the wealth they have built over a lifetime.

WANT EVEN MORE RETIREMENT PLANNING TIPS?
Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠
https://www.retiringcanada.ca/retirement-newsletter

As a thank you, you'll receive a copy of our latest Retirement Guide AND MORE!

EPISODE RESOURCES:
📊 Work with Michael: https://fundamentalwealth.ca/get-started

💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter

👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide

✏️ Submit Your Question: https://www.retiringcanada.ca/submit-your-question

🌐 Retiring Canada Website: https://www.retiringcanada.ca

Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-started

Holding too much of a single stock may feel rewarding during the growth years, but entering retirement with an overconcentrated portfolio can create major long term risks.

In this episode of Retiring Canada, we discuss the dangers of stock concentration and why diversification becomes increasingly important as retirement approaches.

You will learn how company stock plans, stock options, and emotional attachment to investments can expose retirees to unnecessary risk. We also cover real world examples of investors who experienced massive gains and devastating losses due to overconcentration, along with strategies that can help reduce risk while managing tax consequences.

We also discuss diversification, globally balanced portfolios, and advanced planning strategies that may help investors transition away from concentrated stock positions more tax efficiently.

This episode is for Canadians approaching retirement who want to better understand concentration risk and protect the wealth they have spent decades building.

WANT EVEN MORE RETIREMENT PLANNING TIPS?
Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠
https://www.retiringcanada.ca/retirement-newsletter

As a thank you, you'll receive a copy of our latest Retirement Guide AND MORE!

EPISODE RESOURCES:
📊 Work with Michael: https://fundamentalwealth.ca/get-started

💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter

👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide

✏️ Submit Your Question: https://www.retiringcanada.ca/submit-your-question

🌐 Retiring Canada Website: https://www.retiringcanada.ca

Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-started

Many retirees are surprised to learn that managing taxes in retirement can become far more complicated once income starts coming from multiple sources.

In this episode of Retiring Canada, we break down how different retirement income sources are taxed and why many retirees end up with unexpected tax bills.

You will learn how CPP, OAS, RRIF withdrawals, pensions, and investment income are treated differently for tax purposes. We also explain how withholding taxes work, why quarterly installment payments may be required, and how retirees can better manage cash flow throughout the year.

We also discuss Canada’s progressive tax system and practical strategies retirees can use to keep more money in their pocket instead of overpaying taxes throughout the year.

This episode is for Canadians approaching retirement or already retired who want a better understanding of retirement income taxation and how to avoid common cash flow and tax planning mistakes.

WANT EVEN MORE RETIREMENT PLANNING TIPS?
Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠
https://www.retiringcanada.ca/retirement-newsletter

As a thank you, you'll receive a copy of our latest Retirement Guide AND MORE!

EPISODE RESOURCES:
📊 Work with Michael: https://fundamentalwealth.ca/get-started

💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter

👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide

✏️ Submit Your Question: https://www.retiringcanada.ca/submit-your-question

🌐 Retiring Canada Website: https://www.retiringcanada.ca

Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-started

Retirement is not just about building wealth. It is also about withdrawing your money in the most tax efficient way possible.

In this episode of Retiring Canada, we discuss tax wise decumulation strategies and how retirees can reduce taxes throughout retirement while protecting their long term financial future.

You will learn how RRSPs, RRIFs, LIRAs, TFSAs, and non-registered accounts work together within a retirement income plan. We also explain why some retirees may benefit from drawing additional funds from registered accounts earlier in retirement, even if the money is not immediately needed for spending.

We also cover the impact of mandatory RRIF withdrawals, OAS clawbacks, estate taxes, and why the number at the bottom of your investment statement may not tell the full story after tax.

This episode is for Canadians approaching retirement or already retired who want to better understand how to minimize taxes and create a more efficient long term retirement income strategy.

WANT EVEN MORE RETIREMENT PLANNING TIPS?
Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠
https://www.retiringcanada.ca/retirement-newsletter

As a thank you, you'll receive a copy of our latest Retirement Guide AND MORE!

EPISODE RESOURCES:
📊 Work with Michael: https://fundamentalwealth.ca/get-started

💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter

👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide

✏️ Submit Your Question: https://www.retiringcanada.ca/submit-your-question

🌐 Retiring Canada Website: https://www.retiringcanada.ca

Learn more about the Fundamental Retirement Plan: ⁠https://www.fundamentalwealth.ca/get-started⁠

This Holiday Season, Give Yourself the Gift of Peace of Mind in Retirement! The "Fundamental Retirement Plan," or FRP, is our five-step process to crafting a retirement plan tailored to your unique needs and concerns. This season of giving, think of how a little planning now can be the gift that keeps on giving, ensuring your retirement stays on track no matter what surprises come your way.  

Specifically, we are going to discuss: 

• The 5-step critical path to a secure retirement 

• How a standalone decision can derail your retirement.  

• The importance of ongoing monitoring and adjustments when life throws you a curve ball. 

Lastly, I will finish up with some action items to help address some potential shortfalls in your current plan.  

WANT EVEN MORE RETIREMENT PLANNING TIPS? 

Join thousands of other Canadians and subscribe to the Retiring Canada Newsletter  

As a thank you, you’ll receive a copy of our latest Retirement Guide AND MORE! 

 *** 

EPISODE RESOURCES: 

📊  Work With Michael 

💻 Subscribe to the Newsletter 

👉 Download Our Latest Retirement Guide 

✏️  Submit Your Question 

📘  Get a Copy of My Book  

🌐 www.RetiringCanada.ca 

Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-started

Deciding when to start CPP and OAS may be one of the most important retirement income decisions Canadians make.

In this episode of Retiring Canada, we walk through several real world scenarios where delaying government pensions created significant long term planning value.

You will learn how CPP and OAS timing decisions impact taxes, retirement income, OAS clawbacks, and estate planning. We also discuss the importance of the “tax valley,” why some retirees may benefit from drawing down RRSPs early, and how delaying pensions can help create larger guaranteed lifetime income streams.

We also cover why there is no universal answer when it comes to pension timing and how proper retirement planning should consider your entire financial picture, not just investment returns.

This episode is for Canadians approaching retirement who want to make more informed decisions around CPP, OAS, taxes, and long term retirement income planning.

WANT EVEN MORE RETIREMENT PLANNING TIPS?
Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠
https://www.retiringcanada.ca/retirement-newsletter

As a thank you, you'll receive a copy of our latest Retirement Guide AND MORE!

EPISODE RESOURCES:
📊 Work with Michael: https://fundamentalwealth.ca/get-started

💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter

👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide

✏️ Submit Your Question: https://www.retiringcanada.ca/submit-your-question

🌐 Retiring Canada Website: https://www.retiringcanada.ca

Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-started

Downsizing in retirement can create more freedom, simplify your lifestyle, and unlock additional retirement income, but it also comes with emotional and financial considerations that should not be overlooked.

In this episode of Retiring Canada, we discuss the key factors retirees should consider before downsizing their home.

You will learn how downsizing can impact your retirement income plan, the tax considerations around selling a property, and the hidden costs that often come with moving. We also cover important lifestyle questions such as location, future mobility needs, maintenance, hosting family, and whether renting may actually make more sense than owning in certain situations.

We also walk through real world examples of retirees navigating vacation properties, bridge financing, and freeing up home equity to support retirement goals.

This episode is for retirees and pre-retirees who are considering downsizing and want to make a more informed and confident decision.

WANT EVEN MORE RETIREMENT PLANNING TIPS?
Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠
https://www.retiringcanada.ca/retirement-newsletter

As a thank you, you'll receive a copy of our latest Retirement Guide AND MORE!

EPISODE RESOURCES:
📊 Work with Michael: https://fundamentalwealth.ca/get-started

💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter

👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide

✏️ Submit Your Question: https://www.retiringcanada.ca/submit-your-question

🌐 Retiring Canada Website: https://www.retiringcanada.ca

Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-started

What is good retirement advice actually worth and how should retirees measure the value they receive from an advisor?

In this episode of Retiring Canada, we break down the four major ways financial advisors can add value beyond simply picking investments.

You will learn how personalized planning can improve retirement outcomes through financial planning, portfolio construction, tax strategies, behavioral coaching, and ongoing guidance. We also walk through two real world case studies that highlight how proper advice can improve retirement confidence, reduce taxes, optimize income, and help retirees make better long term decisions.

We also discuss why the true value of advice is often difficult to measure until it is experienced firsthand.

This episode is for retirees, pre-retirees, and DIY investors who want to better understand the role personalized advice can play in building a more successful retirement plan.

WANT EVEN MORE RETIREMENT PLANNING TIPS?
Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠
https://www.retiringcanada.ca/retirement-newsletter

As a thank you, you'll receive a copy of our latest Retirement Guide AND MORE!

EPISODE RESOURCES:
📊 Work with Michael: https://www.fundamentalwealth.ca/get-started

💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter

👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide

✏️ Submit Your Question: https://www.retiringcanada.ca/submit-your-question

🌐 Retiring Canada Website: https://www.retiringcanada.ca

📘 The Value of Personalized Advice (The Vanguard Group, Inc  - August 2022)