Asking a close loved one or a friend to be your executor may seem like a nice thing to do. Even an honor, that you would trust that person to handle your affairs once you've passed away. Many people agree to be the executor for a family member or friend without thinking twice about it. But, the job of being an executor is a challenging one.
On today's episode I talk about what assets need to be considered in your digital estate plan. I talk about what some platforms are doing to help people do some estate planning themselves within the platform. I explain how to get your estate attorney to help you write language into your estate documents to deal with digital assets. And I talk about some solutions that can help you with efficiency in your planning.
Cash has been piling up in Canadians' bank accounts since the onset of the pandemic. You may be wondering, are there any good options for my short term savings right now?
We discuss inflation, what it is, what it means, and what type of assets rise above inflation over the long run?
3 Main Takeaways from the Berkshire Hathaway General Meeting. A discussion on what Foreign Property is and why its important that you report it properly on your tax returns. How to estimate future stock and bond returns for financial plans.
On Today's episode we discuss: 1) Cottage Agreements - a friend of mine inherited a cottage from his late father. He is sharing it with his brother. I outlined for him the benefits of using a cottage agreement. I discuss the elements of a cottage agreement, its benefits, and how to get started 2) Bitcoin - I spend some time talking about what Bitcoin is, the pros and cons of owning Bitcoin, and what role it plays in long-term retirement portfolios.
I have received this question a few times over the past several months - my teenager wants to begin investing, but she is not yet 18. What are her options? It's true, once you are age of majority in Canada, you have more options. But, if your teenager is not yet 18 and wants to start investing, you can help them using one of these 3 approaches.
I had a chance to have a discussion with Jason Allan from Allan Law this week about wills, powers of attorney, and estate planning. Jason is an estate planning attorney in Aurora, working with his wife Leslie in a family practice.
Welcome to Episode 36 of Retire Me, and Happy New Year! In today's episode I share 2 lessons that I re-learned in 2020 1) The market cannot be timed 2) Don't mix your investing decisions with politics
Welcome to Episode 35 of Retire Me! I interviewed Nino Notarandrea, a Mobile Mortgage Specialist from RBC. Nino has been a mortgage professional for many years, and he is a go-to person for me whenever I have questions about mortgages that I need help with. We talk about how Nino got started in the mortgage industry, things that have surprised Nino about the mortgage market in 2020, considerations for people who have a mortgage but may want to take advantage of lower rates, the decision between fixed and variable rates and his personal approach, considerations for parents who want to help their children buy homes, and how signing onto a child's mortgage can impact you, what he would change about the mortgage industry, and much more.
This week, I discuss dividend stocks. A lot of retirees wonder if they should simply invest in a portfolio of dividend-paying stocks for their retirement income. I explore the three big myths of dividend-only investors, which are: 1) Dividends are free cash 2) Dividend stocks beat the market 3) Dividend income is stable and reliable From there, I go through my Top 5 holiday movies and talk about some upcoming interviews that I'm going to be bringing to the show in 2021.
How might government spending impact my taxes? What are some year-end financial tips that can help me save some taxes or benefit from existing programs? We discuss on today's episode of Retire Me.