28 episodes
Retiring Canada Michael Isbister, CFP®
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- Education
Retirement planning strategies for Canadians delivered in plain English.
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EP 27 - Advanced Tax planning for Couples with over $500,000
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.
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***
EPISODE RESOURCES:
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🌐 www.RetiringCanada.ca
Resources:
Spousal Loan Example -
EP 26 - Tax-Wise Retirement: Unveiling Non-Registered Accounts
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 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 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
📘 Get a Copy of My Book
🌐 www.RetiringCanada.ca -
EP 25 - I’m paying my advisor HOW much?!
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 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 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
📘 Get a Copy of My Book
🌐 www.RetiringCanada.ca -
EP 24 - Understanding Alternative Investments
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 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 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
📘 Get a Copy of My Book
🌐 www.RetiringCanada.ca
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 -
EP 23 - Beneficiary Designations – Avoid This!
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 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 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
📘 Get a Copy of My Book
🌐 www.RetiringCanada.ca
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EP 22 - Make your Retirement Plan (Almost) Indestructible
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 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 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
📘 Get a Copy of My Book
🌐 www.RetiringCanada.ca
LINKS:
Income Allocation Example – Credit Jim Otar