End-of-life discussions are important for both you and your family. These decisions can give you peace of mind, knowing your loved ones will be cared for when you pass. 

End-of-life planning helps you answer several difficult questions.

• What happens if you become incapacitated and unable to manage your assets?

• What are your preferred medical treatments for end-of-life care?

• Who will manage your estate and distribute your wealth after passing? 

• Who will inherit your property, money, jewelry, or heirloom items?

• What are your final ceremonial wishes after passing?

Tune into today's episode for guidance on how to have these important discussions with your loved ones.

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.

Are you wondering what's causing Canada’s inflation rate, and how it will affect you? In today's episode, I discuss different causes of inflation and their effects.

If you invest heavily in bonds and fixed-income investments with a lower rate of interest, you will experience a decline in the purchasing power of your money as the inflation rate surpasses the interest rate. 

In order to factor in the future purchasing power of your investments, it is important to have a well-diversified portfolio. This includes investing in several different types of security that are diversified in terms of sector, markets, currency and even country. This helps to mitigate your risk and maintain the integrity of your investment.

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.

Often when planning for retirement, we overlook the non-financial aspects in the planning process.

In this episode, I sit down to chat with Susan Hogan of Inspired Retirement, which offers non-financial retirement planning, insight and support for recent and soon-to-be retirees. 

Retirees learn what to expect from retirement:  physically, mentally, socially and emotionally, and  develop their own personal, non-financial, retirement plan.  

Inspired Retirement Programs are available as One-on-One Coaching or as an online Do-It-Yourself Coaching program.  

Visit www.regan.inspiredretirement.ca  for more information including a download available only to listeners of Your Canadian Retirement Specialist.

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!

About Susan:

Susan Hogan helps people who are close to retirement, or recently retired, to prepare for the NON- financial aspects of retirement.  Through her lessons and coaching, Susan helps clients to consider practical ways to maintain good health and quality of life throughout the aging process.  She is passionate about helping retirees to re-define who they are once they're done working and discover the pursuits that will engage and excite them in their new-found freedom from work.  Because Susan is convinced that retirement has the potential to be the happiest time in a person's life, she built her coaching program, called Inspired Retirement, to help retirees discover their unique journey to a purposeful and satisfying retirement.

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.

When it comes to being taxed on investments, there are two scenarios that require you to pay taxes:

1. When you withdraw income from your investments.
2. When you sell your investment and make a gain.

Tune into today's episode to learn which types of investment accounts to invest in, as well as how to strategically time your investment withdrawals.

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.

What is financial wellness? And how do you achieve it?

Improving financial wellness is about practicing better money habits, setting goals and taking steps to achieve them, all with the aim of improving your overall quality of life.

In this episode, I discuss what can be done to create your own financial wellness, and give you tips on how to get started.

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.

Getting your retirement plan right is crucial; you need to be confident that your money will last throughout your retirement, while giving you the standard of living you need.

That’s why it’s important to have a solid financial plan and also dependable advice. There have been a number of myths about retirement planning circulating for years that can have a negative impact on your retirement plans. Let’s take a look at some of the more common ones and the reality that lies behind them.

Join me in conversation with Senior Vice-President, Financial Services at IG Wealth Management, Herp Lamba. We chat about common myths and mistakes when it comes to retirement planning.

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.

Connect with Herp Lamba:

LinkedIn: https://linkedin.com/in/herplamba/

Herp Lamba is a Senior Vice-President, Talent Acquisition – National Advisor Network, for IG Wealth Management. While promoting Diversity, Equity and Inclusion, his focus is leading and inspiring advisors and directors to provide the very best outcomes for the Canadian families we serve. Developing high impact leaders that make a positive and lasting difference in the lives of others is his passion. 

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.

Are you thinking of adding your adult child as a joint owner to any of your properties? If so, you should be familiar with the legal and tax consequences of joint ownership.

Joint Tenancy vs. Tenancy In Common

The common law, which applies in all Canadian provinces except Québec, recognizes the following two forms of joint ownership:

• Joint tenancy, sometimes also referred to as joint tenancy with a rightof survivorship, whereby each owner has an equal and identical interest to each other owner.
• When one of the owners dies, his or her interest is transferred by an automatic right of survivorship to the surviving joint owners.
• Tenancy in common, whereby the interests of each owner do not need to be identical. When one of the owners dies, his or her interest is transferred to his or her estate, from which it is distributed in accordance with his or her will. If there is no will, then it is distributed in accordance with the intestate succession laws of the deceased owner province or territory.

This podcast only addresses the joint tenancy form of ownership.

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.

Planning for your financial future and retirement is an exciting process. You probably have a list of things in your mind that you would like to save for, including places you want to go, sites that you want to see, and experiences you want to have.

The good news is that you can arrange for a satisfying retirement with adequate planning, smart investing, and expert financial advice. This includes planning for what can’t be planned. 

One of the main reasons financial goals are not achieved is the failure to account for the unpredictable. If world events show us anything, it’s that life is full of surprises, and while we cannot predict them all, we can make flexible plans to help cushion the unexpected. 

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.

A family investment trust might be right for you if you have cash and investments that are not needed to fund your own lifestyle needs, plus a desire to either establish an investment fund for the next generation or provide funding for schooling or other extra expenses for a child or grandchild.

A family investment trust can enhance the accumulation of capital for children or grandchildren in a tax efficient manner and reduce the after-tax cost of paying for their non-essential expenses.

Join me in conversation with estate planning lawyer, Michael Klaray as we go through some of your questions on estate planning and family trusts.

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.

Connect with Michael Klaray:

LinkedIn: https://www.linkedin.com/in/michael-klaray/

Michael’s practice is focused on estates, including planning, administration, adult incapacity, elder issues and litigation. By drawing on his understanding of taxes, businesses, corporate law, farming, and family law, Michael effectively meets the needs of each client’s unique circumstances. His years of experience in his field give him a comprehensive understanding of estates, how to prepare for transfers of wealth, and tax efficiency, all while avoiding any potential future legal challenges.

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.

For many families, it is much more important to preserve the family cottage than any other asset. Those who want to leave the cottage to their children must plan for the tax consequences and disputes which may arise upon their death. The concepts here apply to any vacation property, including a ski chalet or condo.

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.