The post discusses tax strategies for retirement, particularly how a low-taxed early retiree can contribute to a higher-taxed spouse’s RRSP, generating tax benefits. It outlines the advantages of RRSPs and TFSAs, the importance of tax credits at age 65, and encourages employing retirement calculators for optimal cash flow planning.
Matching your investment portfolios to your retirement cash flow plan.
It appears to be an overlooked part of retirement planning. While we should always invest within our risk tolerance level we should also match our investment portfolios to the retirement cash flow plan. The plan gives the marching orders for each account. If you create a portfolio-to-plan mismatch, you could increase the risk of depleting […]
The 101, how to create a retirement cash flow plan using MayRetire.
It’s imperative that retirees embrace an optimized retirement cash flow plan. Over decades, these plans can often “find” tens to hundreds of thousands of dollars of income. And out of the gate, a retirement cash flow plan addresses a retiree’s number one concern – the fear of running out of money. The cash flow plan […]
Creating monthly income with BMO’s Canadian asset allocation ETFs.
The Canadian asset allocation ETFs changed the investment landscape in Canada. In a single ETF you can own a well-diversifed managed global portfolio with fees in the area of 0.20%. This is a wonderful (life-changing) upgrade over high-fee Canadian mutual funds. Canadians pay some of the highest investment fees in the world. High fees are […]
Creating retirement income with iShares asset allocation ETFs.
The Canadian asset allocation ETF portfolios are game changers. Most Canadians who are still with an advisor should consider leaving said advisor and instead, invest in these investment options. They are so superior to poor-performing high-fee Canadian mutual funds. Those mutuals funds usually come with a salesperson not an advisor. You pay for the salesperson, […]
Globe & Mail Retirement Cash Flow Review. Relying on inheritance.
The Globe & Mail offers ongoing real-life retirement funding (cash flow plan) scenarios. They also invite a financial planner to offer their opinion. They call the series Financial Facelift. A recent article caught my eye. I thought I would give it a go using a popular free use retirement software that allows DIY retirees and […]