The Canadian Money Roadmap Evan Neufeld, CFP®
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Invest smarter, master your money, live & give more
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TFSAs 101: My guest appearance on The Tax Chick Podcast with Amanda Doucette
On this week's episode, I was delighted to be a guest on Amanda Doucette's The Tax Chick Podcast to talk about all things Tax-Free Savings Accounts (TFSAs).
As we delve into the nuanced world of TFSAs, you'll gain a clearer understanding of how these accounts can be much more than a place to stash your cash. Get the scoop on navigating over-contributions and withdrawals, and learn the critical aspects of setting up beneficiary designations and successor holder arrangements—vital knowledge for polishing your estate planning.
This episode isn't just about saving; it's about strategizing for wealth accumulation. We break down the best practices for leveraging your TFSA for long-term investments and dissect the all-important recontribution rule. I'll guide you through the minefield of contribution limits and the confusion that can arise from registered versus non-registered investments within your TFSA. Savvy financial planning can be complex, but with our insights, you'll be well-equipped to make informed decisions without attracting unintended attention from Canada's tax authorities.
Lastly, we shine a light on the profound impact TFSAs can have when it comes to passing on your wealth. Discover the seamless transfer benefits that come with naming a spouse or common-law partner as a successor holder, and consider the more intricate scenarios that arise with other beneficiaries.
Stay tuned for Amanda's appearance on next week's episode as we expand our discussion to the world of trusts.
Listen to The Tax Chick Podcast Here
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TAX CHANGES: Budget 2024
XEQT vs VEQT. Which ETF is better?
Add some STRESS to your retirement plan
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Inefficiency is your friend...sometimes.
Could the financial strategies that appear flawless on paper be leading us astray in the real world? We're peeling back the layers of investment principles to reveal why some inefficiencies might just be your portfolio's best friends. Taking a page from Morgan Housel's "Same as Ever: A Guide to What Never Changes," we delve into the unexpected virtues of financial buffers and the fallacy that cost always equates to value. Discover how the pandemic's strain on just-in-time manufacturing shines a light on the need for slack in our systems, and why the presence of an emergency fund during economic highs could save you during the lows. Plus, we discuss the underrated advantages of investment advisors, challenging the penny-pinching mindset to embrace quality that pays off in the long run.
Then, we shift gears to a provocative study that upends conventional retirement planning wisdom—should you stockpile equities all the way to your golden years? We dissect the enticing, yet nerve-wracking notion of an all-equity portfolio and confront the harsh truths about our own risk tolerances and financial aspirations. It's not just about the potential gains; it's the psychological rollercoaster and the necessity for a tailored asset mix that fits like a glove. As I advocate for a well-rounded investment strategy, consider this your invitation to explore how aligning your portfolio with your personal narrative could be the smartest financial move you make. Join us as we navigate through the complexities of balancing risk and reward, and crafting a financial future that doesn't just look good on paper, but feels right in your gut.
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TAX CHANGES: Budget 2024
XEQT vs VEQT. Which ETF is better?
Add some STRESS to your retirement plan
Connect With Evan -
Understanding Segregated Funds with Mark McGrath
This week I'm joined by Mark McGrath as we dig into segregated funds. These investment vehicles blend mutual funds with insurance and offer unique guarantees but….. the benefits to investors are less clear.
We delve into fees, performance, guarantees and other pros and cons.
We also examine the human side, critiquing sales practices and exploring seg funds in estate planning.
Whether you're a seasoned investor or just starting out, this episode provides essential guidance for informed decision-making in the Canadian investment landscape.
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TAX CHANGES: Budget 2024
XEQT vs VEQT. Which ETF is better?
Add some STRESS to your retirement plan
Connect With Evan -
Time to sell? What you should expect after a good run for stocks
The stock market has looked great recently! Is it time to take some money off the table?
In this episode, I walk you through the considerations you need to make to decide whether it is time to sell or stay the course.
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TAX CHANGES: Budget 2024
XEQT vs VEQT. Which ETF is better?
Add some STRESS to your retirement plan
Connect With Evan -
3-7% Returns, TFSA Multi-Millionaires and What To Do Beyond $100,000
This week, I'm tackling a few topics that were popular on Reddit over the last month.
1. What should you use for return assumptions in your planning?
2. Becoming a TFSA multi-millionaire
3. What should be your priority after building your first $100,000
**For a more in-depth look at expected returns, check out the recent Rational Reminder Podcast episode on the topic
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TAX CHANGES: Budget 2024
XEQT vs VEQT. Which ETF is better?
Add some STRESS to your retirement plan
Connect With Evan -
What happens to your RRSP after retirement?
In this week's episode we walk through the two phases of your RRSP: accumulation (RRSP) and spending (RRIF).
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TAX CHANGES: Budget 2024
XEQT vs VEQT. Which ETF is better?
Add some STRESS to your retirement plan
Connect With Evan
Customer Reviews
Love it
Great podcast with digestible bites of information on a wide variety of Canadian financial topics.
Great Financial Tips and Tricks!
This is a fabulous podcast! I’ve learned so much after listening to just a few episodes. Evan does a great job with each topic and I’m thankful for the calm and steady vibe. Thank you Evan. Highly recommend!
The Real Deal for Financial Success
I'm delighted to share my glowing review of Evan Neufeld and the "Canadian Money Roadmap" podcast.
Evan's podcast has been an absolute game-changer in my financial journey. His deep knowledge of personal finance combined with his relatable and down-to-earth approach makes every episode a must-listen. Evan's ability to break down complex financial concepts into understandable, actionable steps is truly remarkable. He has helped me gain confidence in managing my finances, from budgeting and saving to investing and retirement planning.
His practical advice is not only insightful but also immediately applicable. What sets Evan and his podcast apart is his genuine passion for helping people achieve financial success. His dedication to providing valuable content and answering listener questions is evident in every episode. It's clear that he genuinely cares about his audience's financial well-being.
Moreover, the "Canadian Money Roadmap" podcast covers a wide range of topics relevant to the Canadian financial landscape, from tax strategies to navigating RRSPs and TFSAs. Whether you're a beginner looking to establish a solid financial foundation or someone seeking advanced financial strategies, Evan has you covered.
In addition to the podcast, Evan's website and resources provide further invaluable tools for managing finances effectively. I can't thank Evan enough for the positive impact he's had on my financial life.
If you're looking to master your money and achieve financial freedom, I wholeheartedly recommend Evan Neufeld and the "Canadian Money Roadmap" podcast. It's a true gem in the world of personal finance podcasts!