When asked how much people need saved up to have a comfortable retirement, the answer will often come back - $1 Million Dollars. I thought it would be fun to test this out. In this episode I break down what a $1M retirement looks like. I also run through some adjustments that can be made to boost retirement income.
You've diligently saved in your RESP for years. Now, your child or close family member is getting ready for school in the fall and it's time to think about taking money out of the RESP account to pay for education. So, how do you withdraw money from the RESP in a way that makes sense from a tax standpoint?
If you are like many Canadian retirement savers, a large portion of your retirement savings is held in RRSP's (Registered Retirement Savings Plans). You may be wondering, under what circumstances does it make sense to withdraw from my RRSP's even before I retire?
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.
The federal budget released its first budget in over 2 years this past Monday. The budget was full of announcements and spending programs for a wide range of initiatives, individuals, and businesses. On today's show, I focus on what I believe are the top 5 most meaningful announcements for people who are saving for retirement or are already retired.
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.
On today's episode, we explore gold and its value to a retiree portfolio. We also talk about ways to reduce taxes and probate when planning your estate.
Trusts aren't just for the rich and famous - they are valuable tools for many retirees. If you own US property, make sure you get your tax documents in order - the CRA is looking at US real estate transactions.
We introduce a 5 part series on Estate planning and announce our first webinar which will be held on September 10, 2020. Details to follow soon!
Learn how to incorporate employee stock options into your personal financial planning. We also discuss the role of market timing and why it is so difficult to do effectively.
In today's episode we discuss ways that Sue and Dave can effectively split income. We also discuss how international investing can boost your returns and lower your volatility in the long run.
