Welcome back to another episode of Fireside Financial with your hosts, Regan Schiller and Joe Curry. 

In this episode, Regan and Joe discuss how to cope with market volatility, whether you are in retirement or in the process of retiring. 

Thinking about your retirement and your portfolio in phases can help when it comes to your long-term investment. 

Tune in to the episode to navigate through market volatility and understand more about market resilience. 

Get in touch with Regan and Joe:

Regan Schiller: https://www.linkedin.com/in/schillerandassociates/

Joe Curry: https://www.linkedin.com/in/joseph-curry-b-sc-cfp-chs-42659247/

Book your FREE Retirement Planning Consultation and check out our master class on Retirement Planning for an in-depth look into our planning process here: 

https://value.schillerandassociates.com/retirement

Prefer to watch videos to get great information? Check out our YouTube Page.

Resources in Today’s Episode:

Joe Curry

Regan Schiller

Retirement Planning Simplified – Joe’s website

Retirement Planning Simplified – Youtube Channel

Retirement Navigator – A holistic tool from RPS to help you plan your retirement 

Your Canadian Retirement Specialist – Regan’s podcast

Your Canadian Retirement Specialist – Regan’s Youtube Channel

Regan Schiller & Associates | IG Private Wealth Management

Are You Nearing Retirement? – Article from Financial Planning Canada about being strategic when collecting CPP/QPP benefits

CPP

OAS

Views of guest speakers may not be shared by IG Wealth Management.

Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.

 LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government’s website. Additional information on the Canada Pension Plan and Old Age Security can be found at:

www.canada.ca/en/services/benefits/publicpensions.html.

Therapy is a useful tool that can help improve your mental health and stress levels - but can it make you richer?

If you are struggling with your mental health, prioritizing your financial wealth may not be your top priority. However, with therapy, you can address the root causes of your financial struggles and focus on making smarter financial decisions.

In this episode, I discuss the importance of seeking a financial therapist and how they can help you grow your personal finances over time. 

Book your FREE Retirement Planning Consultation and check out our master class on Retirement 

Planning for an in-depth look into our planning process here: 

https://value.schillerandassociates.com/retirement

Prefer to watch videos to get great information? Check out our YouTube Page.

Comment below with any questions or topics you’d like us to cover! And don’t forget to subscribe for the latest updates.

Thanks for tuning in to Your Canadian Retirement Specialist!

Connect with Regan:

Facebook: https://www.facebook.com/yourcanadianretirementspecialist

LinkedIn: https://www.linkedin.com/in/schillerandassociates

Website: https://schillerandassociates.com/

Regan Schiller holds his Certified Financial Planner, Registered Retirement Consultant and Certified Life Underwriter designations. He is an Executive Financial Consultant licensed under Investors Group Securities Inc.

Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.

LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government’s website. 

Additional information on the Canada Pension Plan and Old Age Security can be found at:

www.canada.ca/en/services/benefits/publicpensions.html.

Music courtesy of LesFM: https://lesfm.net.

Have you ever wondered how you can turn your vacation home into a source of income? 

If you have a cottage, cabin, chalet or bungalow you aren't using as often as you like to, it may be time to consider renting out your vacation home. 

It can be another way for you to bring in year-round income, depending on the location and size of your property. 

In this episode, I go over some things you need to know before renting out your vacation home. 

Book your FREE Retirement Planning Consultation and check out our master class on Retirement 

Planning for an in-depth look into our planning process here: 

https://value.schillerandassociates.com/retirement

Prefer to watch videos to get great information? Check out our YouTube Page.

Comment below with any questions or topics you’d like us to cover! And don’t forget to subscribe for the latest updates.

Thanks for tuning in to Your Canadian Retirement Specialist!

Connect with Regan:

Facebook: https://www.facebook.com/yourcanadianretirementspecialist

LinkedIn: https://www.linkedin.com/in/schillerandassociates

Website: https://schillerandassociates.com/

Regan Schiller holds his Certified Financial Planner, Registered Retirement Consultant and Certified Life Underwriter designations. He is an Executive Financial Consultant licensed under Investors Group Securities Inc.

Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.

LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government’s website. 

Additional information on the Canada Pension Plan and Old Age Security can be found at:

www.canada.ca/en/services/benefits/publicpensions.html.

Statistics sourced from www.airbnb.ca and www.igms.com 

Music courtesy of LesFM: https://lesfm.net.

How you spend and save your money can have more of an impact on your well-being than you may think.

Integrating happiness in your financial planning can mean saving for the things that bring you genuine joy and happiness. With a meaningful financial plan in place, you gain a sense of direction and purpose. 

This episode explores the importance of intentional spending and how the purchases you make can lead to a more fulfilling and balanced life. 

Book your FREE Retirement Planning Consultation and check out our master class on Retirement 

Planning for an in-depth look into our planning process here: 

https://value.schillerandassociates.com/retirement

Prefer to watch videos to get great information? Check out our YouTube Page.

Comment below with any questions or topics you’d like us to cover! And don’t forget to subscribe for the latest updates.

Thanks for tuning in to Your Canadian Retirement Specialist!

Connect with Regan:

Facebook: https://www.facebook.com/yourcanadianretirementspecialist

LinkedIn: https://www.linkedin.com/in/schillerandassociates

Website: https://schillerandassociates.com/

Regan Schiller holds his Certified Financial Planner, Registered Retirement Consultant and Certified Life Underwriter designations. He is an Executive Financial Consultant licensed under Investors Group Securities Inc.

Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.

LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government’s website. 

Additional information on the Canada Pension Plan and Old Age Security can be found at:

www.canada.ca/en/services/benefits/publicpensions.html.

Music courtesy of LesFM: https://lesfm.net.

Welcome back to another episode of Fireside Financial. In this episode, Joe Curry and Regan Schiller are discussing HELOC versus reverse mortgages versus an all-in-one and how to know which option is best for you. 

The hosts examine this frequently asked question by exploring the advantages of each one and what flexibility they can offer you in retirement. Especially when it comes to future expenses, medical care, or home renovations to accommodate for accessibility. When it comes to debt, the home can be your biggest investment of wealth to tap into. 

This episode dives into how your home can be a significant asset and how to plan for any unforeseen costs.

Get in touch with Regan and Joe:

Regan Schiller: https://www.linkedin.com/in/schillerandassociates/

Joe Curry: https://www.linkedin.com/in/joseph-curry-b-sc-cfp-chs-42659247/

Book your FREE Retirement Planning Consultation and check out our master class on Retirement Planning for an in-depth look into our planning process here: 

https://value.schillerandassociates.com/retirement

Prefer to watch videos to get great information? Check out our YouTube Page.

Resources in Today’s Episode:

Joe Curry -  https://www.linkedin.com/in/joseph-curry-b-sc-cfp-chs-42659247/ 

Regan Schiller - https://www.linkedin.com/in/schillerandassociates/ 

Retirement Planning Simplified – https://www.retirementplanningsimplified.ca/ 

Retirement Planning Simplified – https://www.youtube.com/channel/UCOnQcuvhpGpJpLjt3w2H6MA

Retirement Navigator – A holistic tool from RPS to help you plan your retirement

Are You Nearing Retirement? – https://schillerandassociates.com/ 

CPP - https://www.canada.ca/en/services/benefits/publicpensions/cpp.html 

OAS - https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security.html 

Views of guest speakers may not be shared by IG Wealth Management.

Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.

LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government’s website. Additional information on the Canada Pension Plan and Old Age Security can be found at:

www.canada.ca/en/services/benefits/publicpensions.html.

For privately owned companies, succession planning is the process of preparing to pass the ownership and leadership of a company from the current owner to a new one. 

Successfully transferring your business requires time, the right expertise, and a detailed strategy. The process doesn't happen overnight. 

To ensure that this change in ownership doesn't affect your business operations, you can plan these details ahead of time.

In this episode, I will explain the best practices for succession planning to help you pass your business over to a family member, employee, or potential third party. 

Book your FREE Retirement Planning Consultation and check out our master class on Retirement 

Planning for an in-depth look into our planning process here: 

https://value.schillerandassociates.com/retirement

Prefer to watch videos to get great information? Check out our YouTube Page.

Comment below with any questions or topics you’d like us to cover! And don’t forget to subscribe for the latest updates.

Thanks for tuning in to Your Canadian Retirement Specialist!

Connect with Regan:

Facebook: https://www.facebook.com/yourcanadianretirementspecialist

LinkedIn: https://www.linkedin.com/in/schillerandassociates

Website: https://schillerandassociates.com/

Regan Schiller holds his Certified Financial Planner, Registered Retirement Consultant and Certified Life Underwriter designations. He is an Executive Financial Consultant licensed under Investors Group Securities Inc.

Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.

LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government’s website. 

Additional information on the Canada Pension Plan and Old Age Security can be found at:

www.canada.ca/en/services/benefits/publicpensions.html.

Music courtesy of LesFM: https://lesfm.net.

Health and dental care and other benefits are part of a comprehensive benefits package for which millions of Canadians are signed up. 

Your company might provide you with insurance (Life, Disability, Critical Illness, etc.), dental and health care coverage and/or a pension/group RRSP.

When one leaves their employment, what happens to them? 

Eventually, you may decide you've had enough of your current workplace. Whether you leave your current position to take on a new one elsewhere, quit your day job and create a business of your own, swap professions or retire, you may wonder what happens to your benefits. 

Coverage often only extends during active employment with the employer, though this may vary by plan and provider. In most cases, once your notice period ends, so do your benefits if you resign. If you are laid off, your benefits may remain for a set time, but if you are fired, they may terminate immediately. 

Talk to your company's HR department as soon as you know you'll leave to determine when your benefits will stop. You can also contact your service provider to determine your choices for maintaining your coverage and perks.

Book your FREE Retirement Planning Consultation and check out our master class on Retirement 

Planning for an in-depth look into our planning process here: 

https://value.schillerandassociates.com/retirement

Prefer to watch videos to get great information? Check out our YouTube Page.

Comment below with any questions or topics you’d like us to cover! And don’t forget to subscribe for the latest updates.

Thanks for tuning in to Your Canadian Retirement Specialist!

Connect with Regan:

Facebook: https://www.facebook.com/yourcanadianretirementspecialist

LinkedIn: https://www.linkedin.com/in/schillerandassociates

Website: https://schillerandassociates.com/

Regan Schiller holds his Certified Financial Planner, Registered Retirement Consultant and Certified Life Underwriter designations. He is an Executive Financial Consultant licensed under Investors Group Securities Inc.

Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.

LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government’s website. 

Additional information on the Canada Pension Plan and Old Age Security can be found at:

www.canada.ca/en/services/benefits/publicpensions.html.

Music courtesy of LesFM: https://lesfm.net.

Have you heard about the Multi-Generational Home Renovation Tax Credit (MHRTC)?

This new tax law that came into effect in 2023 grants Canadians the expenses required to create a secondary living space for an elderly or disabled relative. 

For those planning on renovating their home so an eligible family member can move in with you - then it may count as a qualified renovation. 

Book your FREE Retirement Planning Consultation and check out our master class on Retirement 

Planning for an in-depth look into our planning process here: 

https://value.schillerandassociates.com/retirement

Prefer to watch videos to get great information? Check out our YouTube Page.

Comment below with any questions or topics you’d like us to cover! And don’t forget to subscribe for the latest updates.

Thanks for tuning in to Your Canadian Retirement Specialist!

Connect with Regan:

Facebook: https://www.facebook.com/yourcanadianretirementspecialist

LinkedIn: https://www.linkedin.com/in/schillerandassociates

Website: https://schillerandassociates.com/

Regan Schiller holds his Certified Financial Planner, Registered Retirement Consultant and Certified Life Underwriter designations. He is an Executive Financial Consultant licensed under Investors Group Securities Inc.

Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.

LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government’s website. 

Additional information on the Canada Pension Plan and Old Age Security can be found at:

www.canada.ca/en/services/benefits/publicpensions.html.

Music courtesy of LesFM: https://lesfm.net.

*Information for this article was sourced from https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/budget-2022-plan-grow-economy-make-life-more-affordable/multigenerational-home-renovation-tax-credit.html 

Preparing for the potential of living to the age of 100 can be both a source of comfort and a stark wake-up call. Acknowledging this possibility is essential for effective retirement planning. 

To reach this milestone, it's imperative to establish a robust support system and select a residence that aligns with your needs during your retirement years. Living to age 100 demands considerable effort and unwavering motivation. It's not just about longevity; it's about embracing a lifestyle that ensures a fulfilling and secure future.

Book your FREE Retirement Planning Consultation and check out our master class on Retirement 

Planning for an in-depth look into our planning process here: 

https://value.schillerandassociates.com/retirement

Prefer to watch videos to get great information? Check out our YouTube Page.

Comment below with any questions or topics you’d like us to cover! And don’t forget to subscribe for the latest updates.

Thanks for tuning in to Your Canadian Retirement Specialist!

Connect with Regan:

Facebook: https://www.facebook.com/yourcanadianretirementspecialist

LinkedIn: https://www.linkedin.com/in/schillerandassociates

Website: https://schillerandassociates.com/

Regan Schiller holds his Certified Financial Planner, Registered Retirement Consultant and Certified Life Underwriter designations. He is an Executive Financial Consultant licensed under Investors Group Securities Inc.

Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.

LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government’s website. 

Additional information on the Canada Pension Plan and Old Age Security can be found at:

www.canada.ca/en/services/benefits/publicpensions.html.

Music courtesy of LesFM: https://lesfm.net.

Increasing inflation, especially the record levels we've witnessed lately, invariably grabs the spotlight.

While numerous individuals are concerned about their ability to afford progressively more expensive goods, retirees often harbor greater concerns about the erosion of their savings' value caused by inflation.

In this episode, I go over some strategies that will help you inflation-proof your portfolio.

Book your FREE Retirement Planning Consultation and check out our master class on Retirement Planning for an in-depth look into our planning process here: https://value.schillerandassociates.com/retirement

Prefer to watch videos to get great information? Check out our YouTube Page.

Comment below with any questions or topics you’d like us to cover! And don’t forget to subscribe for the latest updates.

Thanks for tuning in to Your Canadian Retirement Specialist!

Connect with Regan:

Facebook: https://www.facebook.com/yourcanadianretirementspecialist 

LinkedIn: https://www.linkedin.com/in/schillerandassociates

Website: https://schillerandassociates.com/ 

Regan Schiller holds his Certified Financial Planner, Registered Retirement Consultant and Certified Life Underwriter designations. He is an Executive Financial Consultant licensed under Investors Group Securities Inc.

Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.

LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government’s website. Additional information on the Canada Pension Plan and Old Age Security can be found at:

www.canada.ca/en/services/benefits/publicpensions.html.

Music courtesy of LesFM: https://lesfm.net.