Joe and Regan discuss lesser-known aspects of retirement planning, focusing on unexpected expenses, psychological adjustments, and the impact of inflation.

We dive into actionable strategies to help you save more money in retirement. From pension income splitting and maximizing tax credits to optimizing RRIF withdrawals and deferring government benefits, we break down key steps to reduce your tax burden and stretch your savings.

We look at the pitfalls of complex investment strategies and emphasize the benefits of keeping things simple. We also discuss the importance of trusting market principles, practicing smart diversification, and avoiding performance chasing.

We discuss the pitfalls of relying on market forecasts and expert predictions during times of market volatility. Emphasizing the inaccuracies of financial forecasts and the psychological tendency to seek out such predictions, they advocate for a disciplined, evidence-based investment approach.

Are you, your children, or your grandchildren dreaming of owning your first home in Canada? The First Home Savings Account (FHSA) might be the right tool to help you achieve that dream. This innovative savings account offers first-time home buyers significant tax advantages and flexibility. Below, we’ll walk you through everything you need to know about the FHSA, from eligibility requirements and contribution limits to tax deductions and permitted investments.

This episode explores the nuances of selecting an advisor beyond proximity, emphasizing the importance of virtual collaboration, comprehensive planning, and evidence-based investment philosophies.

Joe and Regan debunk myths, offer actionable advice, and equip their audience with the tools to make informed financial decisions. Whether it's re-evaluating the role of RRSPs, determining the right time to take CPP, or balancing investment portfolios, this episode is a must-listen for anyone seeking to optimize their retirement strategy.

It’s episode 100!

Joe speaks with Dr. Hal Hershfield, the author of “Your Future Self: How to Make Tomorrow Better Today”. They discuss the idea that our future selves can often feel like different people rather than an extension of our current selves.

Many people who don’t know much about retirement planning still know about the 4% rule. People often assume 4% is the only safe withdrawal rate, asset allocation doesn't matter in retirement, and setting a fixed withdrawal rate is the best strategy. But is it true?

We examine the essential aspects of estate planning, focusing on creating a comprehensive will. We look at choosing the right executor, whether a family member or a professional service, highlighting three key scenarios.

Joe interviews cybersecurity expert Scott Wright, who discusses the critical importance of cybersecurity, especially in protecting financial assets.

Joe explains that while traditional investments like stocks and bonds offer future cash flows, cryptocurrencies rely solely on supply and demand, making them unsuitable for retirees focused on preserving capital and ensuring reliable income. Ultimately, they advise against significant investment in cryptocurrency for retirees, favoring more stable, predictable assets.

Joe and Regan look at having an emergency fund in retirement. They discuss how setting aside three to six months’ worth of expenses can provide peace of mind and financial security, protecting retirees from unexpected expenses without needing to dip into investments or accrue high-interest debt.

Imagine spending years trying to navigate the complexities of active management, only to discover that it may not be the most effective approach. The struggle to decipher the impact of dividends on investment returns and the challenge of understanding market efficiency theory can leave you feeling overwhelmed and disheartened. It's time to cut through the confusion and gain clarity on evidence-based investing strategies.

We examine an overlooked aspect of retirement planning—building an emergency fund.

Whether you're nearing retirement or already enjoying it, we provide insightful strategies to assess your financial needs, determine the right size for your emergency fund, and effectively build and manage it.

Joe and Aravind explore the merits of contributing to the Canada Pension Plan (CPP) through salaries. Despite the dual contributions required from business owners, the CPP offers guaranteed, inflation-adjusted income in retirement, providing a secure financial foundation.

Joe chats with Mark McGrath (CFP, CIM, CLU, PWL Capital Inc) about the intricacies of Canadian equity segregated funds, unpacking their features, benefits, and potential drawbacks.

Joe and Regan explore the myriad benefits of engaging in part-time work or starting a side hustle during retirement. They discuss how supplemental income alleviates financial stress and supports lifestyle desires such as travel.

Joe speaks with tax professional Kaz Nesbitt (CPA, CA, Partner at Grant Thornton LLP), and they delve into the proposed capital gains inclusion rate changes.

Joe and Kaz unpack the intricacies of capital gains taxation, clarifying how these changes could affect individuals and businesses.

This week we look at crucial considerations surrounding beneficiaries. From dissecting the implications of naming beneficiaries on assets like RRSPs, pension plans, and non-registered accounts to shedding light on the strategic use of life insurance, this insightful discussion offers invaluable insights for listeners navigating their estate planning journey.