We explore critical aspects of preparing for retirement, urging you to look beyond just financial readiness. From overspending early in retirement to underestimating life expectancy, we examine various retirement risks, emphasizing the need for a comprehensive approach that includes staying socially engaged, continuous learning, and nurturing emotional and psychological well-being.

With actionable insights whether you're approaching retirement or helping a loved one in their retirement journey, this podcast offers a wealth of wisdom and practical tips to ensure a retirement filled with purpose, financial stability, and a vibrant social life.

In this engaging podcast episode, the hosts dive deep into the critical retirement risks that many individuals overlook in their retirement planning. This two-part episode provides valuable insights into the pitfalls and challenges that retirees often face when approaching retirement. From underestimating retirement expenses to the perils of retiring too early, the hosts offer practical advice and solutions to help listeners navigate their retirement journey successfully.

In this episode of Fireside Financial, CFPs Joe Curry and Regan Schiller delve Home Equity Lines of Credit (HELOC) versus reverse mortgages. They provide valuable insights into how these financial tools can be used strategically during retirement planning.

Join us as we address a growing concern: the oversimplification of retirement advice.

We highlight the pitfalls of an overreliance on factors like predicted lifespan and investment returns to plan for retirement. We want you to underscore the necessity of considering a wide range of factors, such as the sequence of return risk, healthcare costs, and withdrawal strategies.

We advocate for dynamic and ongoing retirement planning, guiding listeners toward comprehensive retirement strategies and tools.

Joe and Lindsay examine the little-discussed sequence of inflation risk. While most people plan for retirement with a fixed, average inflation rate, it’s important to consider the sequence in which inflation rates fluctuate over time.

The discussion highlights the significance of maintaining flexibility in your retirement strategy, using dynamic spending, and even keeping a well-allocated portfolio with stocks to act as an effective hedge against inflation. If you're looking to enhance your retirement planning and safeguard your financial future, this episode offers valuable insights and strategies to consider.

In this engaging podcast conversation, Jen Johnstone (Executive Director) and Sarah Cook (Education Program Supervisor) from the Peterborough and Area Alzheimer’s Society shed light on the challenges retirees face when providing care for loved ones with Alzheimer's.

Drawing from their extensive experience, they offer valuable insights into maintaining cognitive health during retirement, emphasizing the importance of staying socially active, challenging the brain with various activities, and embracing new experiences. Beyond advice on brain health, they discuss financial preparedness for potential Alzheimer's care costs, urging retirees to consider advanced care planning and open conversations with family members about end-of-life wishes.

Join us for an in-depth look at the ins and outs of RRSPs (Registered Retirement Savings Plans). You'll hear why some individuals regret investing in RRSPs due to the taxes they face during withdrawals and gain valuable insights into the advantages these plans offer.

Whether you're new to RRSPs or looking to optimize your existing retirement plan, this podcast episode provides valuable advice to help you achieve financial security retirement.

Joe and Lindsay dive into the concept of a "retirement dress rehearsal.” Doing a dry run of retirement leads to a smooth retirement transition and prior planning prevents poor performance!

Whether you're nearing retirement or just starting to plan, this podcast provides valuable tips to help you stage your own retirement "dress rehearsal" for a secure and fulfilling retirement.

Joe and Regan look at how to manage retirement income by strategically withdrawing funds from Registered Retirement Income Funds (RRIFs) and other retirement accounts.

They explore the benefits of taking early excess withdrawals from RRIFs, even when clients may not have an immediate need for the funds.

While stressing the need to strike a balance when financially supporting children to avoid fostering dependence. With a focus on planning, mentorship, and intentional living, this episode serves as a valuable guide for both current retirees and those looking to secure their financial future.

We offer clarity on the often-perplexing world of financial professionals and their designations. With titles ranging from financial advisors, financial planners, investment advisors, and wealth managers, we untangle the confusion surrounding these roles.

Mary Ellen French and David Wing of “The Retirement Years” podcast join Joe on this week’s episode of “Your Retirement Planning Simplified.”

Whether it's unraveling the myths of retirement, exploring the importance of social interactions, or delving into the financial aspects of planning, their podcast provides an engaging and informative space to learn, reflect, and embrace the exciting transition into retirement.

Joe welcomes Dr. Preet Banerjee to “Your Retirement Planning Simplified”. Preet is a well-known Canadian personal finance and investing expert, Globe and Mail columnist, host of OWN's TV show Million Dollar Neighbourhood, and author of the popular blog WhereDoesAllMyMoneyGo.com. They delve into Preet’s research on the value of financial advice.

Dr. Banerjee candidly shares his insights on the evolution of the financial advice industry, exploring its transformation from transactional beginnings to the holistic approach demanded by today's dynamic landscape.

In this engaging episode of Fireside Financial, Joe and Regan dive into a range of retirement-related questions from their audience. Covering topics like CPP, pension plans, and retirement planning strategies, they provide insightful advice and analysis. They explore scenarios involving part-time work after age 60 and its impact on CPP, the decision-making process for defined benefit pension plans, and the advantages of delaying CPP payments.

They also tackle questions about the ideal timing for retirement planning and the implications of Tax-Free Savings Accounts (TFSA) on government income supplements. With a balanced blend of expert insights and practical examples, this podcast episode offers valuable guidance for those navigating the complexities of retirement planning in Canada.

We navigate the emotional and psychological dimensions behind these choices, emphasizing the crucial role of tailored financial planning, transparent communication within families, and tax-efficient strategies.

Through engaging anecdotes and strategic insights, listeners are empowered to make informed decisions that align with their values, ensuring a rewarding retirement while leaving a meaningful legacy for generations to come.

Join Joe Curry and Danielle Desir Corbett (The Thoughtcard Podcast) as they discuss the misconceptions of luxury travel, the significance of setting travel goals, and how to plan your trips effectively. Discover valuable tips on optimizing your travel budget, signing up for loyalty programs, and planning ahead post-COVID. With practical advice and insider knowledge, this episode is a must-listen for anyone seeking to travel more while staying financially savvy. So sit back, relax, and let Danielle's expertise guide you on your next adventure.

In this episode, we dive further into the world of taxes for business owners. We highlight the advantage of tax deferral by keeping profits within the corporation. Dividends emerge as an option, offering flexibility in personal investment choices and the opportunity to avoid CPP contributions.

We touch on reinvesting in the business, considering risks and returns, and the importance of balancing reinvestment and diversification as business owners approach retirement. We also explore the option of investing within the corporation, highlighting the flexibility it offers but cautioning against the higher taxes applied to investment income.

This episode serves as a valuable guide for business owners, shedding light on various tax planning strategies and the need for professional advice to navigate the complexities of tax optimization.

In this podcast episode, we delve further into the world of tax planning in retirement. We stress the importance of basic financial education and understanding the tax buckets that can significantly impact tax liability. Joe emphasizes the long-term benefits of tax deferral, debunking misconceptions that can lead to missed opportunities.

We encourage retirees to be proactive in tax planning, strategizing ways to create a tax-efficient income stream during retirement while keeping a close eye on tax brackets and potential OAS clawbacks. We’re looking to equip listeners with the essential knowledge to navigate the complexities of tax planning, empowering you to make informed decisions and optimize your financial well-being in retirement.

Joseph and Regan discuss the increasing trend of parents supporting their millennial children financially. They explore different forms of assistance parents are offering, including down payments on homes, groceries, rent, and mortgages.

Ultimately, the podcast highlights the commonality of this practice and encourages thoughtful and informed decision-making in providing financial help to millennial children.

In this episode, Joe and Lindsay delve into a pressing question that many investors have: "My portfolio is down $100,000 - will it recover?"

Drawing from a client's concern, we navigate the emotional and practical aspects of dealing with portfolio losses. We emphasize the importance of understanding market volatility and highlight the need for a well-diversified investment strategy. Joe introduces the concept of "buckets," which separate assets into defense (stable and low-risk) and offense (growth-oriented) categories, enabling investors to weather market fluctuations while still ensuring a sustainable income stream.

We want to provide valuable insights on maintaining a long-term perspective, controlling what you can, and finding peace of mind amidst market ups and downs.