I was stressed the first 2 years of retirement , started reducing my stress by volunteering locally after 6 months . Found out how fortunate I was . Learned to spurn debt early in life ( sometimes debt is useful to improve equity , purchase a home , transportation to improve employment ). Been retired over 10 years , took advice from real people that had been retired for a while and managed their own affairs . I enjoy the quiet life , travel at every opportunity . Spend less than you make , make a habit of saving , and enjoy yourself frugally between splurges .

@keith2515

2 жыл бұрын

COVID ocked up in your little apartment saves money...but TERRIBLE for physical and mental health! NOT retiring in 'Canada

Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k. My mom retired with about 4.2 million, but my dad retired with roughly 1.8 million.

@AUstinnesc

Жыл бұрын

This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.

@sherryie2

Жыл бұрын

@@AUstinnesc It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@McElvinn

Жыл бұрын

@@sherryie2 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.

@sherryie2

Жыл бұрын

@@McElvinn I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with “NICOLE DESIREE SIMON”, and she's really good.

@McElvinn

Жыл бұрын

@@sherryie2 I might have heard this name somewhere, but can't really recall. I'll be following her up. Thank you. Do you know if she manages family fund too?

I applaud you for attempting to explain this complicated topic, considering how many variables there are. Of all of our friends and family we are the only ones - honestly, because we asked - who know what they spend every month in each category, who re-balance or take a good look at their portfolio twice a year, who can explain how inflation affects their retirement, and who have a decent idea of what taxes they have already paid and what more they will have to pay. Having someone who is able to explain retirement funding, specifically for Canadians, is so necessary. We have subscribed.

Great info!!! I really like how you broke it down, gave examples and then gave the questions to ask when you speak to a CFP about creating a plan. And to include the estate planning component.

Absolutely love these videos, especially this one. He makes such complicated scary concepts so simple and easy to understand and apply. Thank you!

@ParallelWealth

2 жыл бұрын

Thanks Heather!

This is so realistic and very helpful for everyone. Well done!!!

Thank you for making this video. I'm one of the people who has a questionable savings plan for retirement. I am 41 years old though, so I still have time. This video is definitely reassuring and gives me some direction, along with the other videos you have made on TFSA's.. While it is a scary thought, not knowing if you'll have enough money in retirement, I also feel that people underestimate their own resourcefulness, grit, critical thinking. Of course, you don't want to be working in your retirement years, but if you take into account other current events like the debt and deficits of governments, I think we can all feel a little better knowing that we aren't exactly "alone"..

Thank you for putting together this information in such a clear and comprehensive way. I look forward to watching your other content too. Keep up the amazing info!!

@ParallelWealth

3 жыл бұрын

Thanks for the kind words. Appreciate it and thanks for watching.

Well spoken and great presentation. Thank you for your time. 👍👍👍

Your videos are great!....and your background is very calming

Very helpful - thanks for the insights on retirement planning.

This is amazing. Just what I was looking for. Valuable content delivered in a friendly, Canadian way. Thank you.

@ParallelWealth

2 жыл бұрын

Thanks Laura!

This is THE question everyone is asking. Great Advice!! Thanks Adam!!

Very much enjoyed this video...planning on retiring in 3.5-4 years. Every little tidbit of info you provide is very useful and helpful.

@ParallelWealth

3 жыл бұрын

Thank you. Glad it's helping.

@Lioness_UTV

3 жыл бұрын

This was incredibly helpful, especially for those of us who are not in such a healthy position. Thank you.

Great content. Thank you!

Currently 25 years old. Thanks for the video! Very informative.

@Inquisitive9

Жыл бұрын

If you are watching this at age 25, you are well ahead of millions of people.

Thank you for the videos. Great information for Canadians. Nice to get Canadian information instead of USA information that’s not relevant.

This is a Great site. Insightful expertise delivered with clarity and simplicity. The tip on ensuring the TFSA recipient is set up as a successor/holder vs a beneficiary is Hugely important in the event the TFSA owner dies prior to drawdown. Thank You. I am now another appreciative subscriber.

@ParallelWealth

2 жыл бұрын

Thanks Brent!

Thanks for these videos!

Great great video. Simple but straight to the point

Your information on retirement is a great eye opener! Thank you.

@ParallelWealth

2 жыл бұрын

Thanks for watching!

You can plan your life so you live very cheaply. Ride a bike if you can. Cook all your meals - eat a lot of beans as they are extremely healthy and very cheap and filling - oatmeal and barley is not bad either - clothing can be all bought at garage sales or hand me downs from friends, and thrift shops. Furniture is free as people leave castaways on the street and you can get all second hand. Entertainment is the internet and Netflix and books that are free. You can draw pictures of things you like. Meditate. It is fun to live cheap and not have to work. Too bad though if you have an expensive hobby like horse back riding or collecting cars.

@ztekz

2 жыл бұрын

In other words “live like a hobo”!

@spud2727

2 жыл бұрын

In other words vote liberal and this will be a reality(already is) thanks Justine!!

@michaela3032

2 жыл бұрын

@@ztekz If living like a hobo means riding your bike and grocery shopping/cooking your own meals with healthy ingredient then YES, reward your body with this lifestyle. Past two yrs I put more mileage on eBike than new truck. Cook at home instead of dining out. luv it.

@TheBoomtown4

2 жыл бұрын

@@spud2727 you probably don’t have to worry about retirement because you’re too “stupid” to put away money.

@spud2727

2 жыл бұрын

@@TheBoomtown4 justin is that you??

Nice one! Keep up the great work! I really appreciate that your videos are targeted towards fellow Canadians. :D

Great advice. There are very few planners who create a plan this detailed. I have one which is even more detailed that I did myself. Trust me it is worth it's weight in gold. Once you have a full financial plan, your worries evaporate. Call this guy and get one done before you retire. It will make the retirement decision easy if you have been preparing. Or it will scare you to death and shock you into taking your future seriously.

Great video, thanks!

I dont normally comment on any videos but this is one of the best videos I have seen, I have probably watched this a dozen times. I really appreciate all your content and watched the majority of them, so keep up the great work and thank you! Can you do a video on DC plans and when there is a mix of a dc pension and rrsps and how they can be converted and used in the most tax efficient manor. Thanks!

Very nicely explained. Thanks

Great video, awesome topic. Thank you.

Great content on all your videos and finally Canadian! Subscribed.

@ParallelWealth

2 жыл бұрын

Many thanks!!

Fantastic!!! Thank you for all your helpful videos. A suscriber.

@ParallelWealth

Жыл бұрын

Thanks for the sub!

That same money can be in RRSP(100% taxable), non register accounts(50% capital gain tax) - if it’s in corporate account(return of capital. Defer tax payable until initial capital depleted), TFSA (0% tax payable), permanent life insurance (policy loan @12%, it may very from company to company or collateral loan from bank). Details on that how it works is outside of the scope for this thread. Therefore, for example, when you see $100k in your account. You will not get $100k, unless it’s in TFSA. Note: Inflation have no boundary.

Thanks for the video, you confirmed what I have planned was correct.

@ParallelWealth

3 жыл бұрын

Glad I could help!

Thanks for your videos. Wondering in the “no go phase” of retirement how you plan for that expensive retirement/long term care facility you might have to move to. The monthly fee for them can be very high.

thank you for this. great info.

I’m from the Uk so things are slightly different here . However the broad detail of your advice I have found very useful. Thank you 🙏

@ParallelWealth

2 жыл бұрын

Thanks for watching. Yes there will be a little difference in some topics, but overall most of the content will apply.

Really happy I found your channel. Great job with these videos!

@ParallelWealth

3 жыл бұрын

Thank you. Always appreciate the positive feedback.

Excellent as usual!

I really appreciate you differentiating between the 3 phases of retirement needs. I had a financial plan done not that long ago and they had told me I was in dire straights and had to contribute 100% of my take home money into retirement savings to ensure I wouldn't starve in retirement. Needless to say, not very comforting. I will reach out for a more common sense plan. Your video content is fantastic.

Yay, a Canadian financial KZread channel! Thanks for doing this!

@rosegirl9874

3 жыл бұрын

Can you talk about spousal rrsp?🙂

@davoshaunessy7481

2 жыл бұрын

Once I hear the K werd I usually just shut it offffff

Good information. Subscribed!

Best advice. Thanks.

don't forget about the GIS as well if you qualify. remember its your income excluding was and supplement.

So many are afraid to retire thinking they will not have enough money. For some people they will never have enough. Some think they need millions whilst others are happy with 40,000 a year. The important thing is when you have had enough with work, just retire, stop worrying live the time you have left.

My goodness gracious, nice job on the background, lighting and camera.

@ParallelWealth

3 жыл бұрын

Thanks Vin - as a financial planner is took some time to work this out. Not exactly my strength!

Thanks for the upload😮

Downsizing real estate is also another safety valve many people may have - eg. at 70 yrs old sell your $1M house and buy a $500k condo and add 500k to income bucket. These are great videos and Im sure you are putting some minds at ease. I will bring my accounts over to you guys soon with my general plan (i will retire Sept 2027). keep the videos coming - can you do one on types of safe income plans (MIC, Bond Funds, Dividend funds etc) that you use for accounts that need 5-7%

Thank for the video. you mentioned about medical bills but I did not hear about pharmacare for senior in BC!

Good lesson.

i am already doing myself but seems your excel sheet gives me some new hint.

thanks for the good information.

Great content. Love your approach.

@ParallelWealth

Жыл бұрын

Thanks Robert

Great video 👍👏

The secret to a successful retirement is don't get married. If you do get married, then don't get divorced.

@yukouchida9344

3 жыл бұрын

Divorce costs so much!

@jjlad5037

3 жыл бұрын

@@yukouchida9344 ...Usually 50%..plus residuals forever.

@cavelleardiel

2 жыл бұрын

And don't live with someone.

@kimberlini347

2 жыл бұрын

@@yukouchida9344 Divorce costs so much because it's worth it!!!

@yukouchida9344

2 жыл бұрын

@@kimberlini347 I think when you want to divorce, it doesn’t matter how much it will cost you.

Great video. I thought I would have needed a lot more! I was aiming for 4 million!

Thanks for this video, well done. I notice that when you showed the couple Plan #2, you reduced the CPP to $1,500/month Vs $1,000 each /mo - Was there a reason for this?

@ParallelWealth

3 жыл бұрын

Most common is partial CPP for 1 of the spouses. Just working with averages we see everyday (not necessarily Cdn averages)

Hi, thank you for the great info! What retirement planning software would you recommend for Canadians?

@ParallelWealth

2 жыл бұрын

There isn't many great ones for public use. Hoping to change that one day!

Would you ever consider touching on the topic of retiring with debt? There are a lot of people in that situation. I know people in their 60s who still have a mortgage. At 55 my personal situation is I'm mortgage free since 2012 and I have just over $300K in RSPs. I have no financial plan for retirement. And I have not talked to anyone about it. At the same time I still don't think I have enough in my RSP to retire comfortably. With all levels of government constantly coming after us for more taxes I think it's getting harder and harder for people to meet their retirement goals.

Long term care insurance will significantly cut back on the cost of the "no-go phase" and is one of the first actions to take when it comes time to think about estate preservation.

@ParallelWealth

2 жыл бұрын

Somewhat agree. LTC insurance has been out for years and I have been licensed to sell it for 16+ years. The issue is that the products available are all just sub par IMO.

If you have a colleague in the GTA/Southern Ontario area I would like to contact them. Thank you and I appreciate the time and effort you are giving to help people. Thank you.

@ParallelWealth

3 жыл бұрын

I don't, we are based in BC. That said, we work with people right across Canada. We have MANY clients in Ontario/GTA.

@brucegarrod8674

2 жыл бұрын

We worked with Adam and his team. The fact we were in eastern Canada and they were in BC, was irrelevant. In fact the time difference worked well; we found we were getting quick answers in the evenings.

Thank you so much Adam ❤

@ParallelWealth

6 ай бұрын

My pleasure!

This is really great! So happy to have a HUMAN advisors and not sales person (aka investment advisors). My god, the 1% they take from the portfolio for 45 minutes once a year is criminal!

@ParallelWealth

3 жыл бұрын

Thanks! If there is no planning it can be expensive. If you are paying up to 1% and getting planning advice its worth it. There is also value in having someone to lean on when times get tough. Vanguard did a great study on this.

Intersting, but do you take into account the inome tax peole and the crdeit bureaus and how they deal with the maoney we have and where and how we acquire it.

$40,000 a year in Canada, in the province of BC, is simply inconceivable. Living in the country is getting far too expensive.

Hello, any idea how it works for cross border workers who live in Canada and working in US? How does the retirement scenario work for them in US or Canada or any other country. The US employment takes deduction for social security and medicare every paycheck.

Good info 👍🏻

My Retirement Plan is monthly income equal to 3.5x my monthly expenses at age 55. I figure my monthly expenses will be consistent from age 50-70. 3.5x should easily cover increase in inflation

Thanks

Stay in a one room house where the bedroom is in the kitchen to save on heating costs. Eat no name pasta and regular ground beef. That’s the reality.

@Pacman398

2 жыл бұрын

It wont be my reality. I have planned for retirement my whole working life. People who simply live for today and forget about planning for tomorrow are the ones eating the hamburger helper.

@traceygiles3972

18 күн бұрын

My mom and dad planned for and looked forward to retirement. Dad was going to retire at 60...but mom passed away at age 57. Dad then remarried a witch who wanted a large house...so there went my inheritance. He then had to work after the age of 60...he got sick and died...never to enjoy retirement.

I’m fro calgary Alberta, I always watch your you tube channel. Is there any financial planner like you in my area? North of calgary thanks Violet

It's always about what you want to do when you are retired.

@ParallelWealth

2 жыл бұрын

Agreed Tim!

Just to simplify, on a 3% ROI you can withdraw about 5% for 25 years? On a 5% ROI you can with draw about 7% for 25 years? Is that a correct assumption? Curious what are the statistics of living beyond 90 years and what is the cost of living after that. Aside from that I think the 4% rule is a great goal for people planning for their retirement early in life or financial independence. It's an early lesson about the potential of wealth saved and invested early. For people that are approaching retirement it is more important to plan for what you will have rather than what you wish you had. Looking at your retirement as a draw down to 0 is much more feasible and is commonly practiced for the people who could not build a large nest egg.

most people that doesn't have any retirement savings don't save because they don't have any spare income to put away. cost of living is high in this country and wages are low. the examples given show employment income like 80k, 160k... but most people are working with income more like 50k.

@-Ordinary-Average-Guy

3 жыл бұрын

I agree. There's a lot of Canadians who are retired that live hand to mouth. They live on very tight budgets. Not all of us can work for the government and be blessed with a taxpayer funded pension.

Good information. What isn’t included is using the value in your home to fund retirement. Either saving that to finance unexpected health needs at the end or to have a more comfortable life earlier. I’m not sure why it isn’t more common to revere mortgage your house?

Awesome Adam

It is better to work with a Financial Planner like yourself, than doing it yourself. The fact, is and Im only talking about a good Financial Planner, will do better for you than doing it yourself. Why? Because do it yourselfers only focus on the bottom line. What is the return and that is the wrong way to look at it. like what is more important Mortgage Interest Rate OR Mortgage Interest PAID

Hi ..I want to know if I'm entitled to receive united states pension when I worked only 2 yrs ( 1972 to 1974) then back to Canada till now I'm 75 yrs old now and I don't receive CPP or US pension only OAS.up to now..can I still apply ? If I am entitled to the benefits? PLs reply. Thank You. .

Gov. seems like setting some new rules to withhold your CPP & OAS, either or both. Until you money & assets fall back to certain limit before getting it back????

Great info as always!!! A video comparing taking CPP at 60 vs 65 but still working till 65. I’ve been told if I take CPP at 60 but keep working and paying into CPP until 65 I’ll still get my normal payment at 65 with no reduction. Thanks

@ParallelWealth

3 жыл бұрын

Thanks Ron. I'll see if I can get a video together on this. It's going to be less at 65 if you start at 60 even if you keep paying in, but I will try and get some numbers behind this so we can work through a case study. It's on the list!

What do you mean by rental property. At time of retirement.

I've done OK, but I still feel behind. 43, paid for house, no debt, 6 months expenses in emergency fund, 135k in RRSP, 6 figure salary, single. Now's time to get serious and start building up the RRSP and post-tax savings. If all goes well, should be able to retire comfortably. Assuming good health and able to maintain working in the tech sector until retirement.

@kunallaungani1703

2 жыл бұрын

Thank sounds pretty solid to me. What comes after this?

@jeromeleoterry

2 жыл бұрын

@@kunallaungani1703 max out my retirement accounts next, and pile up cash for a replacement vehicle in a few years. After that, likely start investing into a taxable account

@mrofnocnon

2 жыл бұрын

You certainly have done ok. With those numbers at your age, stop worrying and enjoy life and look after your health, without that you have nothing. I manage on much less.

Retired Canadians are now forced to return to the work force.Thanks Justin

Your math assumes one retires at CPP age. Of one retires at say 60, and holds CPP to 65, there is no CPP supplement of course.

@ParallelWealth

3 жыл бұрын

Only fit in so many examples per video. I'll do more videos with different examples and suggestions down the road.

I found that I can purchase silver coins through Kitco and add to my RRSP any toughs thx

I don't see anybody addressing that you might have a mortgage after retirement. This is the big elephant in the room/

@JJ-ps9xe

2 жыл бұрын

You are screwed brother.

@meilingedm

2 жыл бұрын

you probably should have that paid off in your 40's

@yarabamba

2 жыл бұрын

@@meilingedm I will be done at the age of 75, I had to save money for several years before buying a house.

@JackdawWatcher

2 жыл бұрын

Wow I didn’t realize banks in Canada will give you a mortgage for that long. In my home country you have to be able to pay your mortgage off by 60 to qualify for it.

@meilingedm

2 жыл бұрын

@@yarabamba the older you are depending on your income streams the easier it is to get more money..... there is ways to navigate, but most of it is to bud massive passive income stream and live off the dividends.

Just need little clarification on 3 % retrun, 3% of 274,139 = 8224.17 /12 = 685.34/month

So does it make sense to hold off on CPP and/or OAS to max out (perhaps) at the No Go Phase? Doesn't make sense to me; but every case depends on individual circumstances. I took early retirement at 62 after 42 years of service because I no longer enjoyed going to my job every day (politically correct description). Zippo retirement savings, major credit card debt and 5 years left on mortgage. The plan was to seek part-time employment to help pay off debt. Well the reality was, took early reduced CPP at just over $700 per month (would have received maximum if waited until 70), commenced Defined Benefit Pensions (x2), one included option of OAS equivalent until 65 when actual OAS kicks in and it ceases and could not find a part time job (have had to pay taxes since retiring). Lived on a strict budget and spent wisely also had some rental income. Instead of working a part time job, worked on getting as healthy as possible (losing weight) taking personal responsibility for keeping as healthy as possible. By the time I am 65, I will be mortgage free, debt free, stress free, prescription free, healthy (from what i can control) and free to travel if so desired, with guaranteed pensions that increase yearly with inflation and paid until death. If my spouse outlives me, they will continue to receive 100% of my private pensions, until their death. I can't complain.

73% are worried about outliving their savings. Yup. I understand my plan and am quite conservative but inflation could still be a killer. 2.2m invested but 60 years left of retirement. So far the account grows more than I use but the worry about a multi year market correction is real. Currently a 5-year GIC ladder is the insurance against a large drawn out correction.

You should switch the column headings - the nominal value should be the constant $69k, and the ‘real’ dollars should be the adjusted ones.

@ParallelWealth

Жыл бұрын

🤷🏻‍♂️🤷🏻‍♂️

Hi Adam...have been appreciating your videos...very helpful and informative. I've looked at the 4% rule but doesn't account for principal reduction over time, and wondering if it's reasonable to utilize a simple amortization calculator to project income...just the same as you would for a mortgage but instead of payment out, it's payment in. For example, if I have $1M today invested at 5% with a 35 year amortization period (to age 90) I see a gross payment of $5046 monthly. Is this a reasonable approach for estimation?

@ParallelWealth

2 жыл бұрын

Yes that could work, but no tax planning included in that around the RRSP meltdown and integration of income and levelling taxes. But for pure drawdown it works

Also consider, moving abroad to a cheaper country might reduce your needs of income. Living in the Philippines i.e. and to keep your comparable lifestyle is 3:1. To live on 4.500 in Canada is equivalent to live in the Philippines on $1,500

@robertt9342

9 ай бұрын

People from some European countries mover to Canada to take advantage of the same thing.

When you are retired you should have no mortgage (mine is $30k/year) and you also won't be saving for retirement anymore (max saving for RRSP and TFSA is $33k/year that you'll no longer be "spending"). You'll also have way more time to shop around for bargains, etc. You will need way less than 60% - 70% of your current income.

@ParallelWealth

3 жыл бұрын

Definitely some do, but average we see from over a few hundred retirees is 60-70%. Traveling adds up quickly!

@panda55c

2 жыл бұрын

Totally agreed!! If you’ve been working from 25 to 65, should your house be paid off by now? No more savings for retirement, take those 2 factors out, then CPP, Old Age + some extra income (from your savings/investments buckets) is good enough to enjoy your basic retirement life. If you have more $$ then you can think of traveling, domestically or internationally, depending on your financial situation … Speaking from someone who used to worry so much before and now been happily retired for 3 years … LOL

@charlie-ot5ug

2 жыл бұрын

Retired 2019 at age 58. At the go go phase but I havent been able to travel since March 2020.

Most people will never have an extra 1 million to invest and banks will pay you 0.4% not 4% interest nowdays.

Thanks for sharing your experience on this channel Adam. I had a question about the 65 yr old couple needing to take 1,300 per month from a 250k nest egg. That is a 6.2% withdrawal rate which seems quite high given earlier comments about the 4% rule being relatively safe. How do you account for sequence of returns risk when you prepare plans?

@ParallelWealth

2 жыл бұрын

Drawdown of capital for this case. We usually target ROR at inflation plus 3% on our plans

I'm an American and I'd like to retire to Canada. I'm 71 years old with a heart condition and diabetes. I control my diabetes through weight control, exercise and diet. No medication needed. I also have COPD because of life long asthma. But ironically, I'm as active as I've ever been. I still do serious hiking, aerobics, weight lifting, etc. But I'd still probably be barred from permanent residence in Canada because my age and health issues.

I'm one of those lucky Canadians who has a defined benefit pension plan. I will retire next year at 54 with 31 years of service which provides for 62% pension. Still, I wish this type of information was available to me 30 years ago. I will make sure my kids are aware of the need to save for their retirement.

@davidgiles5030

3 жыл бұрын

Me too. Retired at 49 with 30 years. I have 66% with COLA. I've been retired just over 20 years and live very comfortably. My daughters are both treachers in Ontario. They will have an even better pension. I made sure they were aware of that when choosing a career.

@-Ordinary-Average-Guy

3 жыл бұрын

@@davidgiles5030 Can never go wrong working for the public sector. Although for taxpayers it's unsustainable to keep giving into public sector union demands. This is one reason why Ontario is broke.

@scottclarke8522

3 жыл бұрын

Retiring at 47 with no defined pension, all self directed investing using low cost index funds. :)

@bekesir12

3 жыл бұрын

@@davidgiles5030 you really left a good world behind. It's like a wake of environmental destruction and it's your fault.

@weskentner8037

3 жыл бұрын

@@davidgiles5030 I'm glad were giving government workers pensions for doing terrible overpriced sub par work. Pensions at the expense of the responsible I guess

Is it possible to do a video on how insurance can help in retirement? Thanks in advance. It’s good info you’re sharing.

@ParallelWealth

2 жыл бұрын

Yes we can. The problem with insurance videos- ppl don't watch them! Lol. Not sure why, but views are so limited. It's on the list and we will get to some concepts down the road.

@xbman1

2 жыл бұрын

@@ParallelWealth People got misled about life insurance and insurance as a whole have a bad rap. Most do to lack of understanding and ignorance on the insurance topic. It’s a double edge sword. I was one of those misunderstood about life insurance and had done stupid things on it. Now I appreciate for what it is and how it could help in many ways.

Hi, I make 50000 a year in Canada, I'm 63 in December 22, should I take my cpp now(800) and if I do how much tax will I have to pay, Planning to work another 4 years. Thank you.

Question: does the need (in this case $4k per month) include mortgage payment or rent ?

@pamelad6774

2 жыл бұрын

Bitcoin officially becomes legal tender in El Salvador. The predominant cryptocurrency btc hits $100k by Dec. Start investing in cryptocurrencies it could be a huge help down the road.

hi r u on Podcast?. thx

Retired at 42 17 years ago, if anyone has questions?