Retiring Canada (Michael Isbister, CFP®)

Stock portfolios may look good on paper, but are you accepting too much risk by having this level of overconcentration?  In today’s episode, we break it down and try and take the emotion decisions out of it.  

Specifically, we are going to discuss: 

• What stock overconcentration looks like. 

• The pitfalls this can lead to in retirement. 

• The impact of stock options and company associated risks. 

• Ways to mitigate the tax implications of making a switch. 

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 

How do alternative investments fit into a retirement portfolio? What are some things I should consider before adding this kind of investment to my portfolio? 

Specifically, we are going to discuss: 

• The two main type of alternative investments 

• The three most common types of private investments 

• How these fit into a retirement portfolio 

• The risks involved 

• Who’s a good candidate to utilize private investments 

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: 

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SOURCE:   

McKinsey and Company, Oct. 20, 2021. Reports of corporates’ demise have been greatly exaggerated; ICSID.org, Nov. 6, 2021, How many private businesses are there in the United States? 

CPP 2022 Annual Report 

Today, I am talking about transitioning the family vacation property to the next generation. 

Specifically, we are going to discuss: 

• The importance of starting the succession conversation early. 

• How the primary residence exemption can be utilized. 

• The pitfalls of using joint ownership 

• The potential for double taxation when selling to your kids. 

• Strategies to split up the tax bill. 

• Co-ownership considerations if more than one kid wants the property. 

• Efficient ways to equalize your estate amongst your kids. 

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

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

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🌐 ⁠RetiringCanada.ca⁠  

The financial and emotional damage caused by incorrect beneficiary designations can have a lasting impact well after you’re gone.  Today we will be discussing the Do’s and Don’ts to naming beneficiaries on your retirement accounts. 

Specifically, we are going to discuss: 

• Three scenario’s  were naming a direct beneficiary can make some sense 

• The impact probate planning can have on your estate and family. 

• Scenario’s where naming a direct beneficiary is strongly not advised.  

• Considerations when you have a dependent with a disability. 

• Factors to consider if you have a blended family 

• Potential tax issues that can arise upon your passing. 

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: 

📊  Get Your Complimentary “One-Page” Financial Plan 

💻 Subscribe to the Newsletter 

👉 Download Our Latest Retirement Guide 

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🌐 www.RetiringCanada.ca 

In today’s episode we're going to discuss the most hated word in personal finance, budgeting.  

Specifically, we are going to discuss: 

• My own budget plight and what it taught me. 

• Why pre-retirees need to make a budget before they retire. 

• The core budgeting principle to live by. 

• Three options to get the ball rolling 

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

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  Submit Your Question 

📊  Get Your Complimentary “One-Page” Financial Plan 

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🌐 www.RetiringCanada.ca

LINKS: 

Option 2: CRA Budget Planner 

Option 3: My Money Coach Excel Budget 

DISCLAIMER: “MyMoneyCoach" is a free financial planning service that allows users to develop a snapshot financial plan through a series of questions. Our advisors can use this financial snapshot as one of many tools to build your financial plan, however it is not to be considered a substitute for consultation with professional accounting, tax, legal or other professional advisors. Fundamental Wealth and Harbourfront Wealth Management inc. are in no way partnered with MyMoneyCoach. Information is provided to MyMoneyCoach with client discretion and may be used by MyMoneyCoach subject to their own terms of service and company policies. 

Dive into the concept of Financial Freedom and how to find a balance as you approach retirement. We’ll explore what this means to you, how to strike a balance between wants and needs, and tackle the ever-present “I want more” dilemma. 

• Specifically, we are going to discuss: 

• What does financial freedom mean to you? 

• How to strike a balance, 

• The “I want more” dilemma 

• Understanding the great equalizer 

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 

Simplify and organize. The one-two punch to creating a sustainable retirement income for life.  

In today's episode we are going to discuss: 

• Who should organize their finances. 

• How simplicity leads to greater understanding and deeper relationships. 

• Potential gaps and pitfalls to not organizing. 

• Tips and tools to help get you started.  

• Top 5 reasons why you NEED this in your life.  

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: 

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🌐 www.RetiringCanada.ca 

LINKS: 

Clean Your Room 

Get Organized With US  

Map Your Finances  

Wealth Plan Worksheet 

Today, I am talking about a common mistake done by Canadians when they set up their tax-free savings account (TFSA). 

Specifically, we are going to discuss: 

• What is a TFSA and why should you care?  

• Why it’s a great income planning tool for retirees  

• Understanding beneficiary designations  

• What newcomers to Canada need to consider when opening a TFSA  

• Penalties to avoid and how to fix mistakes that can happen. 

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

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

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🌐 RetiringCanada.ca 

In today’s episode we're going to discuss what to do if you don’t have enough money to retire. 

Specifically, we are going to discuss: 

• How to maximize your government benefits 

• The potential amounts available based on your household income, 

• The importance of filing your taxes and applying for these benefits.  

• The consideration of selling your largest asset to fund your retirement. 

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

WANT MORE RETIRMENT PLANNING TIPS? 

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

As a thank you, you’ll receive a copy of my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  ⁠Submit Your Question⁠ 

📊 ⁠Get Your Complimentary “One-Page” Financial Plan⁠

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🌐 ⁠RetiringCanada.ca⁠  

MENTIONS: 

Public Pensions in Canada 

Thinking about adding someone as a joint owner to property, understand these potential unintended tax and legal consequences that could outweigh the benefits of avoiding probate.

In today’s episode we're going to discuss two crucial factors you need to understand when considering the use of joint ownership as an estate planning strategy. 

Specifically, we are going to discuss: 

• The pitfalls of probate planning. 

• The two distinct forms of joint ownership. 

• How a well-considered estate plan can protect your true intent. 

• An example of what not to do. 

• And lastly a few actions items for you to consider.  

WANT MORE RETIREMENT PLANNING TIPS? 

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👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  Submit Your Question

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🌐 www.RetiringCanada.ca 

Step-by-step process to managing emotions and making smart financial decisions with your inheritance. 

Specifically, we are going to discuss: 

• The emotional impact of receiving an inheritance, 

• The crucial 1st step that cannot be overlooked 

• Building a team to help sort through your options 

• Key considerations for married and common-law couples 

• A typical financial importance hierarchy  

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

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  Submit Your Question 

📊  Get Your Complimentary “One-Page” Financial Plan 

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🌐 www.RetiringCanada.ca 

In today’s episode we're going to discuss the 7 key considerations when retiring from a crown corporation in Saskatchewan.  

Specifically, we are going to discuss: 

• A brief background on the crowns and their pension 

• Understanding your options when you finally choose to retire 

• Optional decisions that can greatly impact how you are taxed 

• Weighing the decision to DIY or hire a pro 

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

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  ⁠Submit Your Question⁠ 

📊 ⁠Get Your Complimentary “One-Page” Financial Plan⁠

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🌐 ⁠RetiringCanada.ca⁠  

MENTIONS: 

Crown Demographics Report 2021 

PEPP Annual Report 2021 - 2022 

PEPP Retiree Resources  

Quantifying an Advisors Value – Vanguard Report 

Today, I am talking about the unique estate planning considerations for couples with a blended family. 

Specifically, we are going to discuss: 

• How inadvertent decisions can cut your kids out of the will. 

• The consequences of dying without a will. 

• The potential negative consequences to probate planning. 

• Straight forward considerations to protect your children from disinheritance. 

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

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  ⁠Submit Your Question⁠ 

📊 ⁠Get Your Complimentary “One-Page” Financial Plan⁠

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🌐 ⁠RetiringCanada.ca⁠  

The importance of the decisions you make in your first year of retirement cannot be understated. Today we're going to discuss 5 mistakes to avoid in your first year of retirement.   

Specifically, we are going to discuss: 

• The importance of having a tax plan 

• Ways to optimize your retirement income 

• How proper asset allocation impacts your long-term retirement prospects 

• The issue with being too conservative 

• Why if the numbers make sense, you should retire today 

Lastly, I will finish up with some action items for you to consider. 

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 

Hello everyone and welcome to the retiring Canada Podcast. In today’s episode we're going to discuss a checklist for pre-retirees who are within the next 5 years of retirement.  

Specifically, we are going to discuss: 

• 2 items you should review each year as you near retirement, 

• The balance between worrying about running out of money vs leaving a mattress full of it 

• Why you should consider compounding your healthy choices, 

• The importance of a war chest of low risk, fixed income investments  

• The key drawback of a balanced fund in retirement 

• What retirement “feels” like  

• The importance of hiring an advisor team who will be there for the long haul and not retire the same time you plan to retire 

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

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  ⁠Submit Your Question⁠ 

📊 ⁠Get Your Complimentary “One-Page” Financial Plan⁠

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🌐 ⁠RetiringCanada.ca⁠  

In this episode, I will explain how historically elections have investors like you questioning how the financial markets will respond and their impact on your money.  

Specifically, we are going to discuss: 

• How presidential elections impact your retirement portfolio  

• Two resources to help illustrate this impact  

• The key portfolio considerations leading up to an election  

• Two ways to help mitigate election turbulence   

   

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 

The Market and US Presidential Elections 

How US Stocks have Behaved in an Election Month 

In today’s episode we're going to discuss our 4-step process to help potential clients evaluate working with us.  We call it our Complimentary one-page Financial Plan process. 

Specifically, we are going to discuss: 

• Being pro-active vs letting life happen to you. 

• Uncovering and recognizing our blind spots. 

• Our step by step – complimentary one-page financial plan process. 

• Our 5 principal commitments to all our clients. 

• Why trust is earned, not given. 

• and lastly one colossal action item to follow through with. 

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  Submit Your Question 

📊  Get Your Complimentary “One-Page” Financial Plan 

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🌐 www.RetiringCanada.ca

If you are within the next 10 years of retirement OR recently retired, you’ll want to pay close attention in today’s episode, this is for you. 

In today’s episode we're going to discuss a strategy called Retirement Income Guardrails. 

Specifically, we are going to discuss: 

• How to keep your retirement income on track, and not skidding into the proverbial ditch.  

• How to juggle running out of money vs leaving a mattress stuffed with money 

• How giving yourself a “raise” or “pay cut” should be a part of your planning process 

• Our three-step process to implementing this strategy, and 

• Lastly a few actions items for you to consider.  

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  Submit Your Question 

📊  Get Your Complimentary “One-Page” Financial Plan

📘  Get a Copy of My Book 

🌐 www.RetiringCanada.ca

LINKS: 

CFP Standards of Professional Responsibility 

Retirement Income Guardrails Sample 

Today, I am talking about how a one-page financial plan can change your life, bold statement I know.  

Specifically, we are going to discuss: 

• The drawbacks to an overly complicated financial plan 

• How the true purpose of the financial plan isn’t intended for the client AND 

• How simplicity, implementation and accountability are the true measures of a successful planning process 

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

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  ⁠Submit Your Question⁠ 

📊 ⁠Get Your Complimentary “One-Page” Financial Plan⁠

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🌐 ⁠RetiringCanada.ca⁠  

Mentions: 

Global Gathering Place Saskatoon 

Just because everyone is doing it, doesn’t make it right. Discover how to transform your investment approach to ensure a sustainable retirement. 

In today's podcast we will discuss: 

• The old way vs the new way 

• The 4 key tenants shrouding the typical Canadian investor. 

• The 4 traits of the Transformed Canadian Investor 

• Three keys to investment success all Canadians should understand. 

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 

Retirement advice is in the eye of the beholder –  today we dive into the details and explore two case studies that aim to dissect the value of personalized advice.  

Specifically, we are going to discuss: 

• The four types of value you should be receiving  

• The importance of ongoing planning and advice 

• Common strategies that add value 

• Two examples of Retiree’s experiencing value  

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: 

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

📊  Work With Michael 

💻 Subscribe to the Newsletter 

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🌐 www.RetiringCanada.ca 

Big tax versus little tax and how they should be considered in your estate planning. Listen now to discover how to reduce the final amount of tax you pay. 

Specifically, we are going to discuss: 

• What is the big tax and little tax? 

• Two common strategies to minimize the little tax 

• Four advanced strategies for high net worth estates 

• Potential drawbacks and pitfalls to planning for the little tax 

• Your three potential estate beneficiaries 

• The big tax, and three ways retirees can minimize its impact and 

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 

As the year comes to a close, it's time to start thinking about tax planning—especially for those of you who are within five years of retirement or have recently retired. 

Specifically, we are going to discuss: 

• The most important time of year for a financial planner vs an accountant 

• They tax valley retirees MUST plan for 

• 5 strategies we consider during our year-end tax planning 

• A conflict of interest that can hinder good tax planning 

• Ways to make a coherent tax plan that considers investment and retirement income planning 

Lastly, I will finish up with some action items for you to consider. 

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 

Entering retirement having more than enough to sustain your lifestyle can come with its on set of unique considerations and hurdles that should be well thought out and planned for accordingly.  

In today’s episode, we are going to discuss: 

• Three considerations when you have more than enough 

• A real-world example of not having a plan in place 

• Working through the fear of spending in retirement 

• How to create a legacy from your abundance 

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 theRetiring 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 

Explore the intricacies of personal finances as we discuss the nuances of decumulation, the importance of a well-thought-out retirement income plan, and how to navigate the true numbers on your statement to ensure your funds last throughout retirement 

Specifically, we are going to discuss: 

• A simple example about how decumulation works 

• The nuances of personal finances 

• A counter argument to this planning strategy  

• The true number at the bottom of your statement 

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 

Purpose > Spreadsheets.  25 Tips to guide you to a meaningful retirement plan. 

In today’s episode we're going to discuss ways you can take your retirement plan to the next level with my latest guidebook – Navigating Retirement: Integrating Emotional Well-Being with Smart Financial Decisions. 

Specifically, we are going to discuss: 

• What a retirement plan should be. 

• Who should snag a copy of this guide. 

• How looking at the big picture will lead to retirement fulfillment. 

• A sneak peek at what's inside. 

• How you can get your copy. 

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

DOWNLOAD NOW - Navigating Retirement: Integrating Emotional Well-Being with Smart Financial Decisions. 

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  Submit Your Question

📊  Get Your Complimentary “One-Page” Financial Plan 

📘  Get a Copy of My Book  

🌐 www.RetiringCanada.ca 

  DOWNLOAD NOW - ⁠Navigating Retirement: Integrating Emotional Well-Being with Smart Financial Decisions. 

In today’s episode we're going to discuss opening a registered education savings plan for your grand kids.  

Specifically, we are going to discuss: 

• Free resources to help your kids and grandkids expand their knowledge, 

• Eleven facts that will help you better understand the RESP and its benefits,  

• What type of plan you should or shouldn’t open based on your family dynamic,  

• The purpose of the RESP and how it can narrow the education funding gap 

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

WANT MORE RETIREMENT PLANNING TIPS? 

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*** 

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In today’s episode we're going to discuss our top 5 retirement income planning strategies. 

Specifically, we are going to discuss: 

• How to determine your optimal CPP start date. 

• The importance of proper asset allocation. 

• How to properly use pension income splitting with your spouse or common law partner. 

• Steps to take to minimizing the ups and downs in your portfolio. 

• How to determine your retirement income withdrawal strategy. 

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

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  Submit Your Question

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How to Fillet a Pike (and Get 5 Boneless Fillets!) 

Trust is the foundation of a lasting relationship, especially when that person manages your livelihood. Make sure you have done your due diligence when hiring a financial advisor and ask the right questions.  

In today’s episode, we will discuss: 

• The first place most people start, when choosing an advisor 

• The risk of not doing your own due diligence 

• The 10 questions to ask when hiring a new advisor or evaluating your current relationship 

• The key take-away from this list  

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? 

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

 *** 

EPISODE RESOURCES: 

Hiring an Advisor: 10 Questions to Ask

📊  Work With Me 

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🌐 www.RetiringCanada.ca 

In today’s episode we discuss the 6 crucial steps a widow or widower needs to consider after losing their spouse. 

Specifically: 

• The importance of taking things slow and making a plan. 

• Understanding the impact on your government benefits. 

• Time sensitive tax planning considerations. 

• The importance of an estate and beneficiary review. 

• Making a plan for your minor or adult children. 

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

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  Submit Your Question 

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LINKS: 

What Getting Organized Looks Like 

www.wellnesstogether.ca

Inflation may be retirement’s biggest threat, but with the right strategies, you can protect your income and thrive in these challenging times 

Specifically, we are going to discuss: 

• Turning on the retirement income tap 

• The impact of inflation and tax on your retirement income 

• The risk of being too conservative 

• Why this is the greatest time alive to be an investor 

• An inevitable truth every long-term retiree must face 

Lastly, I will finish up with some action items for you to consider. 

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 

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🌐 www.RetiringCanada.ca 

Your retirement plan may be at risk...  but with a few thoughtfully developed strategies the Canadian Retiree can safeguard their retirement from these pitfalls. 

Specifically, we are going to discuss: 

• Two retirement risks you probably don’t think about 

• 10 ways to mitigate these risks 

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 

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🌐 www.RetiringCanada.ca 

Learn more by visiting our website:

www.retiringcanada.ca

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: 

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🌐 www.RetiringCanada.ca 

These often-overlooked planning opportunities within the non-registered account can have a significant impact on your retirement and the amount of tax you will pay. 

****The 2024 Federal Budget released a day after this episode went live impacts some of the content, specifically regarding Capital Gains Inclusion Rates. Click here to learn more*** Specifically, we are going to discuss: 

• Understanding the difference between registered and nonregistered accounts 

• The three ways your non-registered account is taxed. 

• Five planning opportunities for retirees 

• The potential impact on government benefits. 

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: 

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🌐 www.RetiringCanada.ca 

The step-by-step process to create a retirement income plan that can withstand all that life throws at you. 

Specifically, we are going to discuss: 

• How to make sense of retirement plans 

• The benefits of clear and concise advice  

• Two allocation strategies to implement into your plans 

• The 7-step process to take luck out of your retirement plan 

• The impact of a 1% miscalculation 

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: 

📊  Get Your Complimentary “One-Page” Financial Plan 

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LINKS: 

Income Allocation Example – Credit Jim Otar 

Five step retirement planning process to secure a worry-free retirement that adapts to life’s inevitable changes. 

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 

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🌐 www.RetiringCanada.ca 

Asset location has a substantial impact on the after-tax performance of your retirement nest egg.  Listen now to discover how to implement proper asset allocation, the key benefits, considerations and more.  

In today's podcast we will discuss: 

• What is Asset location, and how does it differ from asset allocation. 

• An example of how this is implemented.  

• The key benefits of asset location. 

• Three important considerations before considering asset location changes. 

• Finding the best balance to manage liquidity and tax efficiency.  

• The most common error we come across.  

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 

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🌐 www.RetiringCanada.ca 

Knowing your number will help you refine your retirement date, your investment and tax plan, government pension start dates and help to unearth potential gaps in your current retirement plan. 

• The average income replacement rate for people entering retirement 

• Three common reasons your income needs may increase or decrease in retirement 

• Four key tenets to guide a 30+ year retirement income plan 

• Intertwining your retirement income plan with an investment and tax plan. 

• The first place to start when formulating a retirement income plan and 

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 

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🌐 www.RetiringCanada.ca 

They say experience is the best teacher... but what if you have never experienced retirement before?  Planning, consistency, advice, visualization and learning from the mistakes of others are the cornerstone of retiring and staying retired.  

Specifically, we are going to discuss: 

• The power of learning from others 

• My list of 15 mistakes to avoid, many of them not financial in nature 

• A few planning resources to help you narrow the gap 

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 

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🌐 www.RetiringCanada.ca 

Is downsizing in retirement the key to unlocking financial freedom and a simpler lifestyle?  

Specifically, we are going to discuss: 

• The reason’s retirees downsize 

• The common factors to consider, regardless of your reasoning 

• Real world scenarios we have helped with in the past 

• The importance of taking your time 

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 

Advisory fees... what is a reasonable amount and what should I be receiving in return?  In today's episode, lets chat advisory fees.  

Specifically, we are going to discuss: 

• The two most common kinds of advisory fee models in Canada 

• The range of advisory fees you may come across 

• What true advisory value looks like 

• Is working with an advisor the right choice for you 

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: 

📊  Get Your Complimentary “One-Page” Financial Plan

💻 Subscribe to the Newsletter 

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🌐 www.RetiringCanada.ca

Did you know delaying CPP and OAS could save you thousands in taxes and boost your retirement income? In this episode, we dive into real-life scenarios and strategies to help you make smarter decisions about your government pensions. 

Specifically, we are going to discuss: 

• The basics of CPP and OAS 

• Three real world scenarios 

• The potential highest tax bracket you will ever be in 

• How to factor in your overall tax plan 

• The reality of planning for individuals 

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 

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👉 Download Our Latest Retirement Guide 

✏️  Submit Your Question 

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🌐 www.RetiringCanada.ca 

Want to help your kids or grandkids purchase their first home? 

In today’s episode we're going to discuss how you can help your kids buy their first home by helping them set up a First Home Saving Account (FHSA). 

Specifically, we are going to discuss: 

• How does it compare to the TFSA and RRSP. 

• What is the FHSA, and how does it work? 

• Who can open a FHSA and what are the restrictions? 

• What if a home is not purchased? 

• Why every eligible person should open this account, even if they don’t plan to buy a home. 

• Why it's so important to open one of these sooner than later. 

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

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  Submit Your Question

📊  Get Your Complimentary “One-Page” Financial Plan

📘  Get a Copy of My Book  

🌐 www.RetiringCanada.ca

Resources: 

Comparing RRSP, TFSA and FHSA 

Named as executor of a Will and not sure where to start?  In today’s episode, we will answer some questions you may have about administering a will. 

Specifically, we are going to discuss: 

• The crucial first step. 

• Three documents every executor needs ASAP. 

• Major pitfalls to avoid. 

• Ways to help minimize tax for the deceased. 

• The key document you need from CRA to protect yourself. 

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: 

📊  Get Your Complimentary “One-Page” Financial Plan 

💻 Subscribe to the Newsletter 

👉 Download Our Latest Retirement Guide 

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🌐 www.RetiringCanada.ca 

Not happy with your generic investment portfolio?  It may be time to see what the “smart money” is doing. 

In today’s episode we're going to discuss pension style investing for the retail investor.... YOU. 

Specifically, we are going to discuss: 

• What is pension style investing. 

• The Canadian Pension Plan and how it utilizes alternative investments. 

• The 5 benefits to adding this kind of diversification to your portfolio. 

• An accessible version of pension investing for Canadian investors 

• Who is a good fit for these kinds of investments and 

• lastly a few actions items for you to consider 

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  Submit Your Question 

📊  Get Your Complimentary “One-Page” Financial Plan 

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🌐 www.RetiringCanada.ca

LINKS: 

Watermark Private Portfolio Information Guide

Learn More On Our Website

The spousal loan strategy may help to reduce your household tax bill… but it isn’t right for everyone.  Find out if this strategy makes sense for you and your spouse.   

In today’s episode, we will discuss: 

• Who may be a good candidate for this strategy  

• The core mechanics of a spousal loan 

• How to set one up 

• An example of the potential tax savings 

• Key considerations and drawbacks 

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: 

📊  Get Your Complimentary “One-Page” Financial Plan 

💻 Subscribe to the Newsletter 

👉 Download Our Latest Retirement Guide 

✏️  Submit Your Question 

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🌐 www.RetiringCanada.ca 

Resources: 

Spousal Loan Example  

Nearing age 65 and ready to start your OAS pension?  You may want to think again! 

In today’s episode we're going to discuss how you can combat claw backs on your government's benefits and 10 strategies to mitigate or eliminate this 15% added tax. 

Specifically, we are going to discuss: 

• What is Old Age Security and how much could you receive.  

• What does an OAS claw back actually look like in practice. 

• Ways to mitigate the impact of unusually high-income years. 

• 10 tips to mitigate or eliminate an OAS claw back and, 

• Lastly, a few actions items for you to consider. 

WANT 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 my Step-by-Step Retirement Income Blueprint.  

👉 Click here to subscribe and grab your guidebook  

*** 

EPISODE RESOURCES: 

✏️  Submit Your Question

📊  Get Your Complimentary “One-Page” Financial Plan 

📘  Get a Copy of My Book

🌐 www.RetiringCanada.ca

Retirees and those nearing retirement, it's crucial to understand how taxes on your income change once you stop working. In the latest episode we break down tax strategies for various retirement income sources, how to optimize your income, and ways to avoid unexpected tax bills. 

Specifically, we are going to discuss: 

How different retirement income sources treat tax withholding 

Understanding the different tax levers, you can pull to optimize income 

The progressive tax system here in Canada 

When you may be required to make installment payments 

How to keep more money in your pocket month to month 

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