Your Retirement Planning Simplified: Recent Episodes
Joseph Curry, CFP Professional
Welcome to the Retirement Planning Simplified Podcast. Join Joseph Curry, CFP Professional and retirement planning specialist, to learn how to simplify your retirement planning. If you're approaching retirement or have already entered your early retirement years, this podcast is designed to help you answer your big retirement questions like... Can I afford to retire? How do I create a paycheck in retirement? How do I pay less tax in retirement? And even big questions about life after work.
Through Retirement Planning education, resources, and expert interviews, Joseph will help you get clear on your vision for retirement including what that looks like for you, how to simplify it, and what you will need specifically to achieve or maintain financial freedom, live out your dreams and create future opportunities for the ones you love.
You can find more information, tools, and resources for your Retirement Planning at https://retirementplanningsimplified.ca.
In this episode, Joe Curry welcomes retirement coach and author Nancy Collamer to share how retirees can find meaning and purpose after leaving their careers. Nancy explains her shift from corporate HR to helping people build fulfilling second acts in retirement.
They explore what a second act career looks like, ways to discover new interests, and why some people feel lost after they stop working. Nancy gives practical tips for self-reflection, encourages trying new things, and suggests treating your first year of retirement like a “gap year” to explore what’s next.
Check out the show notes for EP 146 HERE
Need Cash in Retirement? Here’s How to Stay Flexible. In this episode, Joe Curry and Lindsay Wilson talk about how to get the cash you need in retirement. They explain the best ways to prepare for surprise expenses, like using emergency funds, HELOCs (home equity lines of credit), and smart RSP withdrawals.
They also talk about why it’s important to plan ahead, so your money stays flexible when you need it most.
This episode is also a special one—Lindsay shares a goodbye message, as it’s her last time co-hosting the show.
Check out the show notes for EP 145 HERE
In this episode of Your Retirement Plan Simplified, Joe Curry interviews Laura Lynn Morrissey, founder of Silver Savvy, about how to plan for aging wisely and enjoy a healthy, independent retirement. With her background in finance and healthcare, Laura shares expert strategies to help you age in place, stay socially connected, and integrate financial planning with health and lifestyle goals.
Whether you're planning for your own retirement or helping aging parents, you'll learn practical tips for aging at home, choosing the right home care providers, and having essential conversations about estate planning and long-term care.
Check out the show notes for EP 144 HERE
What if you could test-drive retirement before diving in?
In this episode of Retirement Planning Simplified, Joe sits down with Jillian Johnsrud, financial independence expert and author of Retire Often, to explore how mini retirements can help you design a meaningful, purpose-driven life before and during retirement.
From saving aggressively in her 20s to taking over a dozen mini-retirements by age 42, Jillian shares her journey and practical tools to help you: ✅ Live intentionally ✅ Manage time in retirement ✅ Balance financial security with everyday joy
Whether you’re approaching retirement or coaching the next generation, this episode is packed with insights on building a life aligned with your values.
Check out the show notes for EP 143 HERE
Retirement isn’t just about your finances—it’s about designing a life you love.
In this episode, Joe Curry and Lindsay Wilson break down the 7 key pillars of a fulfilling retirement, with a focus on the three most essential: your financial foundation, your health, and your lifestyle.
This is your practical guide to planning retirement with purpose—so you don’t just coast through retirement, but thrive in it.
What You’ll Learn: ✅ Why financial planning is the foundation of retirement freedom ✅ How to protect and extend your health span, not just your lifespan ✅ How to design a lifestyle aligned with your values and goals
Check out the show notes for EP 142 HERE
What if retirement wasn’t the end of your story—but the beginning of your legacy?
In this episode, Joe chats with Dr. Deborah Heiser, a developmental psychologist and founder of The Mentor Project, about how retirees can find purpose, connection, and fulfillment through mentorship, movement, and mindset. They explore the concept of generativity—our natural drive to give back—as a key to emotional well-being in midlife and retirement. Deborah shares how mentoring others boosts both health and happiness, why reframing retirement as an opportunity (not a decline) is essential, and how small daily habits like walking and social connection can greatly improve quality of life.
Check out the show notes for EP 141 HERE
In this episode, Joe Curry sits down with financial expert Russ Thornton to reveal why women face unique hurdles in retirement—and how to overcome them. From longer life expectancies to career breaks for caregiving, Russ shares real-world strategies to build confidence, plan smart, and avoid costly mistakes. They break down what women need to know about Social Security, investing, and balancing today's needs with tomorrow's dreams. If you want to take control of your financial future, this conversation is a must-listen.
Check out the show notes for EP 140 HERE
In this episode, Joe sits down with Dr. Corinne Auman, a developmental psychologist who specializes in adulthood and aging, to talk about how our perspectives on aging and retirement are evolving. She explores common myths about getting older, how to find purpose after retirement, and the power of staying socially connected.
Dr. Auman also shares advice for business owners on how to support older workers and build age-friendly workplaces. Plus, they discuss how to prepare for caregiving roles and why honest family conversations about aging are so important.
Check out the show notes for EP 139 HERE.
Joe chats with guest Esther Avant, a health industry expert, who emphasizes the critical role of prioritizing health for a fulfilling retirement. Esther highlights actionable strategies to kickstart a healthy lifestyle, regardless of where someone stands in their health journey. The episode explores the misconceptions about aging and health, practical steps for incorporating physical activity and wellness routines, and the importance of nutrition and sleep. This conversation underscores how consistent, small efforts contribute significantly to long-term well-being.
Check out the show notes for Ep 138 HERE.
Joe welcomes Amy Friesen, senior living expert. They highlight the challenges and solutions for aging individuals and their families. They examine various aspects of elder care, including planning for home modifications, navigating retirement homes, and understanding long-term care options. They emphasize the importance of planning, open family communication, and understanding the real costs involved in care options. Amy also provides insights into caregiver burnout and the importance of balancing life commitments with caregiving responsibilities.
Read Ep # 137 Show Notes Here.
The podcast episode delves into the nuances of financial therapy and its importance in retirement planning. John Hankins, a financial therapist, joins host Joe Curry to explain the intersection of emotional well-being and financial planning. They explore how financial therapy can help individuals and couples navigate anxiety and issues related to money, particularly when transitioning to retirement. The conversation forms a bridge between understanding one's relationship with money and making informed, value-driven financial decisions in one's later years.
Read Ep # 136 Show Notes Here.
Joe sits down with Roger Whitney, the Retirement Answer Man, to discuss agile retirement planning, financial confidence, and redefining retirement beyond just money. Roger shares insights on why retirement is not a math problem, how to invest in your life and passions, and the importance of social engagement and community in retirement. They also explore how the Rock Retirement Club helps retirees navigate financial and lifestyle transitions, avoid common pitfalls, and build a fulfilling future. Tune in for expert strategies on retirement income planning, financial freedom, and creating a confident retirement mindset.
Read the full show notes and find more information here: EP 135 Show Notes
In this episode of Your Retirement Planning Simplified, we dive into smart tax strategies for retirement, and common mistakes to avoid when drawing income. We cover essential topics like income splitting, RRSP vs. RRIF withdrawals, TFSA strategies, and how to minimize OAS clawback. You'll learn how to optimize your withdrawal order, take advantage of tax credits for retirees, and avoid costly errors that could increase your tax bill. Whether you're approaching retirement or already retired, this episode will help you create a tax-efficient retirement income plan that keeps more money in your pocket.
Read the full show notes and find more information here: Ep 134 Show Notes
Ever wonder how retirement income is taxed in Canada? We look at tax brackets, RRSPs, RRIFs, TFSAs, CPP, OAS, and pension income is crucial for optimizing your retirement tax strategy. They explain marginal vs. average tax rates, the impact of dividends and capital gains, and how to minimize OAS clawbacks. Tune in to learn how to reduce your lifetime tax bill and keep more of your savings working for you.
Read the full show notes and find more information here: EP 133 Show Notes
Joe speaks with journalist and economist Chris Farrell to challenge traditional retirement thinking. They examine working in retirement, the purpose and paycheque balance, and why staying engaged later in life is about more than just financial security. Chris shares insights from his books, including how entrepreneurship after 50 is thriving, how employers are adapting to an aging workforce, and the myths about retirement and happiness. Whether you’re considering part-time work, consulting, or a second act career, this episode explores how retirees can create a fulfilling, financially secure future.
Read the full show notes and find more information here: EP 132 Show Notes
We dive into the essential topic of pension types for Canadian employees, covering defined benefit pensions, defined contribution pensions, and group RRSPs. We explain how each works, their pros and cons, and how they fit into a comprehensive retirement income plan. Whether you're planning for retirement or optimizing your benefits, this episode provides valuable insights to help you navigate your pension options in Canada.
Read the full show notes and find more information here: Ep 131 Show Notes
We unpack the power of Tax-Free Savings Accounts (TFSAs) as a game-changing tool for retirement income planning. Discover how TFSAs provide tax-free growth, flexible withdrawal management, and significant estate planning benefits. Learn why integrating TFSAs with RRIFs, CPP, OAS, and other income sources can minimize taxes, avoid OAS clawbacks, and optimize your retirement strategy. Tune in for actionable insights and real-life examples to maximize your TFSA and achieve tax-efficient retirement income!
Read the full show notes and find more information here: EP 130 Show Notes
Discover essential retirement planning updates for 2025! Joe and Lindsay break down new RRSP and TFSA contribution limits, updates to CPP and OAS benefits, inflation adjustments, key tax changes, and capital gains rules. Learn how to maximize your retirement savings, minimize taxes, and stay invested for long-term success. With practical tips on budgeting, income planning, and key deadlines like the RRSP contribution deadline and tax filing date, this episode is packed with actionable advice to help Canadians optimize planning for retirement.
Read the full show notes and find more information here: EP 129 Show Notes
Joe and Lindsay answer the most common questions about the Canada Pension Plan (CPP). They explain what CPP is, who qualifies, how to apply, and how to estimate your benefits. You’ll learn about the maximum and average payouts, survivor benefits, tax implications, and whether to take CPP early, at 65, or delay to age 70. With insights on integrating CPP into retirement income planning, this episode is a must-listen for Canadians preparing for a secure and comfortable retirement.
Read the full show notes and find more information here: EP 128 Show Notes
We discuss planning for cognitive decline in retirement and how early financial preparation can protect you and your loved ones. We cover the importance of trusted contacts, power of attorney, estate planning, and financial consolidation to minimize risk and simplify asset management. We also touch on common scams targeting seniors, how to prevent financial fraud, and why working with a trusted financial advisor can ensure long-term security.
Read the full show notes and find more information here: EP 22 Show Notes
Joe interviews David Warren, a retiree with decades of experience in business and personal finance, about his journey through retirement. David shares insights from his phased transition into retirement, emphasizing the importance of staying active, maintaining relationships, and adapting to life’s unexpected challenges, including significant health issues.
He reflects on the financial lessons he learned, such as saving early and avoiding debt, and highlights the value of maintaining a balanced approach to work and leisure. With candid anecdotes and practical advice, David offers listeners a unique perspective on navigating the complexities of retirement and finding fulfillment in later life.
Read the full show notes and find more information here: Ep 127 Show Notes
Joe sits down with Michael Finke, PhD, from the American College of Financial Services, to explore how retirees can shift their mindset from saving to spending and embrace a fulfilling retirement. They discuss the importance of guaranteed income, social connections, and maintaining health as key pillars of retirement happiness. Michael shares actionable strategies for overcoming emotional barriers to spending, planning for cognitive decline, and creating goal-based retirement plans that maximize enjoyment.
Read the full show notes and find more information here: EP 126 Show Notes
Joe interviews Benjamin Brandt, CFP, the retirement expert behind Retirement Starts Today. Together they explore the non-financial aspects of retirement planning. Topics range from shifting from a scarcity to an abundance mindset, retiring to something rather than from something, and embracing creativity to design a fulfilling post-career life. Key topics include overcoming spending anxiety, identifying passions, building social connections, and planning purposefully for a no-regrets retirement. With actionable insights and a focus on mindset, this episode is perfect for those looking to simplify and enrich their retirement journey.
Read the full show notes and find more information here: EP 125 Show Notes
Joe answers the most common questions about Registered Retirement Income Funds (RRIFs) to demystify how they work and their role in retirement planning. He explains the differences between RRSPs and RRIFs, minimum withdrawal rules, tax implications, beneficiary designations, and strategies to minimize taxes while maximizing retirement income. With practical tips on income splitting, leveraging the pension tax credit, and aligning your RRIF investments with your retirement income style, this episode provides actionable insights for anyone preparing for or navigating retirement. Learn how RRIFs fit into a comprehensive retirement plan and discover how to make the most of your retirement savings.
Read the full show notes and find more information here: Ep 124 Show Notes
Joe gives advanced strategies to optimize your Registered Retirement Income Fund (RRIF) withdrawals, focusing on minimizing taxes, avoiding OAS claw backs, and aligning withdrawals with your broader retirement income plan. Discover actionable tips on pension income splitting, using TFSAs to shelter withdrawals, and making early or strategic withdrawals to maximize tax efficiency. Joe also emphasizes the importance of aligning your RRIF strategy with personal goals, enjoying retirement savings, and adapting your plan over time for sustainable income and estate planning success.
Read the full show notes and find more information here: EP 123 Show Notes
Joe and Regan examine the essentials of long-term care planning in retirement. They emphasize the importance of proactive strategies to manage future healthcare expenses. They look at the "retirement expense smile," covering the go-go, slow-go, and no-go years, and explore options like funding care through investments, leveraging home equity, or using long-term care insurance. They highlight the critical role of accessible home modifications, clear communication with family, and securing essential estate planning documents such as wills and powers of attorney. The episode also touches on preserving legacy goals with life insurance strategies, making it a must-listen for anyone focused on comprehensive retirement and financial planning.
Read the full show notes and find more information here: FF EP 21 Show Notes
Start 2025 with Confidence in Your Retirement Plan. On this episode of Your Retirement Planning Simplified, Joe and Lindsay share inspiring client stories that highlight the power of clear, actionable retirement plans. Learn how addressing gaps, aligning goals, and working with a professional can transform uncertainty into confidence.
Discover how their Strategy Session offers tailored insights for those seeking clarity or a second opinion on their retirement. Start your journey to a secure retirement—visit retirementplanningsimplified.ca today!
Read the full show notes and find more information here: EP 122 Show Notes
In this special year-end episode of Your Retirement Planning Simplified, Joe and Lindsay reflect on the most popular episodes of 2024, covering essential retirement planning insights and strategies. From avoiding critical retirement mistakes—both financial and non-financial—to optimizing tax strategies, calculating your retirement number, and understanding TFSA rules, this roundup delivers actionable advice for pre-retirees and retirees. The duo also highlights inspiring guest appearances, including Wade Pfau on the RISA framework, Bill Bengen on the 4% rule, and Hal Hershfield on connecting with your future self. Tune in to discover top retirement tips, expert perspectives, and practical strategies to confidently plan a fulfilling retirement in 2025.
Read the full show notes and find more information here: EP 121 Show Notes
Joe tackles the psychology of retirement spending, offering actionable strategies to overcome the common fear of depleting savings. Joe discusses how retirees can transition from saving to spending confidently by addressing loss aversion, leveraging tools like retirement income guardrails, and aligning spending with their financial goals. Listeners will discover tips for managing cash flow, understanding their retirement income style, and creating a spending plan that ensures a fulfilling retirement without financial stress.
Read the full show notes and find more information here: Ep 120 Show Notes
In this episode of Your Retirement Planning Simplified, Joe uncovers the hidden costs of retirement that often catch retirees off guard, leading to financial stress. From healthcare expenses, long-term care, and inflation to home maintenance, travel, and family support, Joe dives deep into overlooked budget items and offers actionable tips to prepare for them. Learn how strategic planning, such as building an emergency fund, accounting for inflation, and managing estate costs, can help you achieve financial confidence and enjoy a secure, stress-free retirement.
Read the full show notes and find more information here: EP 119 Show Notes
This week we explore the critical topic of inflation and its long-term impact on retirement planning. We define inflation, distinguish it from deflation and disinflation, and explain why prices continue to rise even when inflation rates decrease. We examine how rising costs, particularly in healthcare, can erode purchasing power over time, and why retirees need a plan that accounts for inflation-adjusted spending. Joe shares strategies to mitigate inflation risks, such as investing in globally diversified portfolios and creating short- and long-term income buckets, ensuring sustainable income throughout retirement.
Read the full show notes and find more information here: Ep 118 Show Notes
Joe and Regan share their journeys in the financial planning industry, highlighting key transitions to independent wealth management. They discuss the challenges of starting in a sales-driven culture, the benefits of prioritizing client-centric retirement planning, and the importance of independence in offering customized financial solutions. Joe shares a compelling story about poor client service at a big bank, emphasizing the value of personalized, responsive financial advice. Explore how independence and mentorship create a better experience for clients and new advisors in the financial services industry.
Read the full show notes and find more information here: Ep 20 Show Notes
In this episode of Your Retirement Planning Simplified, Joe Curry and Lindsay Wilson explore why good portfolio management can’t compensate for bad financial planning, drawing insights from FP Canada’s Financial Planning Conference and Benjamin Felix’s investment lessons. They emphasize the importance of goal-oriented financial planning over stock-picking, highlighting Warren Buffett’s advocacy for index investing as evidence. Key topics include tax-efficient strategies, retirement income styles, account optimization (RRSPs, TFSAs, CPP, OAS), and estate planning. Learn actionable steps to align your portfolio with your retirement goals and discover the RISA framework to better understand your income style.
Read the full show notes and find more information here: Ep 117 Show Notes
In this episode of Your Retirement Planning Simplified, Lindsay welcomes Red Keating, a supportive care counselor at Hospice Peterborough and co-host of the What Now? podcast, to discuss the profound importance of hospice and palliative care in Ontario. Highlighting the compassionate, holistic approach to end-of-life support, Red shares insights on caregiver support, emotional and spiritual guidance, and the significance of being present during a loved one’s final days. Listeners gain valuable knowledge on the structure and services of hospice care, the benefits of community involvement, and the variety of support groups offered for patients and their families.
Read the full show notes and find more information here: EP 115 Show Notes
Joe sits down with Lois Tuffin from Volunteer Peterborough to explore the transformative benefits of volunteering for retirees. Lois shares inspiring stories of retirees who have found renewed purpose and fulfillment through volunteer roles in organizations like Habitat for Humanity, Elder Dog, and the Peterborough Folk Festival. Covering a range of opportunities—like meal delivery for seniors, assisting at local festivals, and even working with animal shelters—Lois highlights how retirees can combat loneliness, build community connections, and make a positive impact. Listeners are encouraged to visit Volunteer Peterborough or Volunteer Canada to discover local opportunities and make a difference in their retirement journey.
Read the full show notes and find more information here: Ep 115 Show Notes
Joe and Lindsay conclude their RISA framework series with a look at the final quadrant: time segmentation. It is also known as the "bucket strategy" in retirement planning. Joe explains how this approach divides retirement assets into short-term, mid-term, and long-term buckets, allowing for a balanced retirement income strategy. Retirees can reduce anxiety from market fluctuations by segmenting assets while still achieving growth over time. Joe and Lindsay also discuss the pros and cons of the bucket strategy compared to the total return approach and suggest listeners take the RISA assessment to determine their best retirement income style.
Read the full show notes and find more information here: EP 114 Show Notes
Does this sound familiar? Your advisor tells you not to worry, that you're in a good position for retirement. However, you still feel uncertain and lost about where you stand financially. The struggle to get clear answers and guidance on retirement planning can leave you feeling anxious and overwhelmed. If this resonates with you, it's time to take a different approach to retirement planning and seek the clarity you genuinely deserve.
Dive into a candid conversation between Joe Curry and Regan Schiller, two seasoned retirement planners as they unravel the unspoken complexities of retirement planning.
Read the full show notes and find more information here: Ep 19 Show Notes
Joe and Lindsay continue their exploration of the RISA. This week we examine the Risk Wrap quadrant, focusing on balancing growth potential with income protection in retirement. We explain how Guaranteed Minimum Withdrawal Benefits (GMWB) work, allowing retirees to invest in the market with the security of a guaranteed income floor. Topics covered include variable annuities, investment strategies, and the pros and cons of GMWBs. Listeners can learn more about retirement income styles and access their personalized RISA assessment for better retirement planning.
Read the full show notes and find more information here: Ep 113 Show Notes
In this episode of Your Retirement Planning Simplified, Joe and Lindsay examine the Income Protection Quadrant of the RISA framework, focusing on strategies to secure guaranteed income in retirement.
They discuss the benefits of annuities, defined benefit pensions, Canada Pension Plan (CPP), and Old Age Security (OAS) to create an income floor that covers essential expenses. For retirees who prioritize safety over growth, this approach minimizes uncertainty, making it ideal for those seeking financial security in volatile markets. Learn how to implement this strategy and optimize your retirement income plan for peace of mind.
Read the full show notes and find more information here: Ep 112 Show Notes
Joe and Lindsay explore the Total Return quadrant of the RISA framework, emphasizing the importance of understanding retirement income styles. They discuss the Total Return strategy, which focuses on maintaining a diversified portfolio of stocks and bonds, enabling retirees to rely on market growth for sustainable income.
We highlight key characteristics of Total Return investors, along with the strategy's pros and cons, providing actionable insights for listeners to assess their retirement planning approaches.
Read the full show notes and find more information here: EP 111 Show Notes
Only 48% of Canadians have a will in place.
It's probably been on your to-do list for a long time and you're not alone. In fact, of the people who have a will, only 35% of them are up to date.
If you're feeling the stress of not having your estate planning in order, you are not alone! The stories shared by Ellie Muir, Team Lead of Partner Relations at Clear Estate, highlight the real-life consequences of not revisiting your estate plan and the strain it can put on family relationships. It's time to ensure your legacy is protected and your family is set up for success.
Read the full show notes and find more information here: EP 110 Show Notes
If you're feeling uncertain about your retirement finances and making decisions based on guesswork, then you are not alone! Many individuals nearing retirement age find themselves in a similar situation, relying on rules of thumb or hearsay rather than having a concrete plan in place. This lack of clarity can lead to stress, anxiety, and potential financial missteps, leaving you feeling unsure about your retirement future.
Joe and Regan discuss the top 10 reasons to create a sold retirement plan so that you can navigate this critical phase of life with confidence.
Read the full show notes and find more information here: Ep 18 Show Notes
Joe and Lindsay discuss the importance of transparency in financial planning by sharing a recent client story. A couple came to them frustrated by their previous advisor's lack of clarity, unsure whether they could reach their retirement goals. Through our process—beginning with a strategy session and followed by a comprehensive plan—the couple clearly understood their situation, even though the news wasn't exactly what they wanted to hear. Ultimately, the key takeaway is that honest, actionable advice empowers clients to make informed decisions and stay on track toward their goals.
Read the full show notes and find more information here: EP 109 Show Notes
We answer a listener's question about balancing RRSP and RIF withdrawals in retirement while minimizing taxes. We highlight the importance of personalized planning, discussing when it makes sense to defer withdrawals for tax-deferred growth and when early withdrawals could help reduce future tax liabilities like OAS clawbacks.
Joe emphasizes that strategies like delaying CPP or OAS or adjusting withdrawal timing depend on individual goals, income sources, and estate considerations, stressing that no single approach fits all situations.
Read the full show notes and find more information here: Ep 108 Show Notes
Worried about making financial mistakes with your retirement portfolio?
Robin Powell, founder of The Evidence-Based Investor, joins Joe Curry, retirement advisor, to explore the transformative power of evidence-based investing. Robin shares his journey from journalism to becoming an advocate for passive investing, highlighting key moments such as meeting Vanguard founder Jack Bogle and uncovering the overwhelming evidence supporting long-term, low-cost strategies for portfolio management. Together, they discuss the misconceptions surrounding traditional investment advice, the importance of staying patient, and the actual value that financial advisors provide beyond stock-picking—focusing on personal goals, estate, and tax planning.
Read the full show notes and find more information here: Ep 107 Show Notes
Joe speaks with Wade Pfau, a leading expert in retirement income planning. They explore the evolving landscape of retirement strategies, focusing on understanding personal retirement income styles using the RISA (Retirement Income Style Awareness Profile) framework. Wade highlights the significance of aligning strategies with individual comfort levels, discussing approaches like total returns, time segmentation, and income protection. They also touch on behavioral pitfalls and the role of advisors versus a DIY approach, providing listeners with practical insights to tailor their retirement planning.
Read the full show notes and find more information here: Ep 106 Show Notes
Joe sits down with Dr. Brian Portnoy to explore the concept of "funded contentment," a revolutionary approach to financial well-being that transcends traditional views of wealth. They delve into the psychological and emotional aspects of retirement planning, emphasizing the importance of aligning financial decisions with personal values. Brian introduces his famework of the four Cs—connection, control, competence, and context—offering practical insights to help listeners overcome cognitive biases, simplify their finances, and find purpose in retirement.
Read the full show notes and find more information here: EP 105 Show Notes
Joe and Regan discuss lesser-known aspects of retirement planning, focusing on unexpected expenses, psychological adjustments, and the impact of inflation. They highlight overlooked costs like home maintenance, supporting adult children, and healthcare, while also addressing the importance of planning for unplanned opportunities. The conversation delves into the emotional shifts in retirement, offering advice on staying socially connected, revisiting past hobbies, and navigating changes in daily routines.
Read the full show notes and find more information here: EP 17 Show Notes
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.
Read the full show notes and find more information here: EP 104 Show Notes
We look at the pitfalls of complex investment strategies and emphasize the benefits of keeping things simple. They discuss the importance of trusting market principles, practicing smart diversification, and avoiding performance chasing. With insights from a recent article by Sam Sivarajan on the Canada Pension Plan's investment performance, they highlight how adhering to evidence-based investment principles can lead to more reliable returns and a more secure retirement. Tune in to learn how to maximize your investment returns without unnecessary complexity.
Read the full show notes and find more information here: Ep 103 Show Notes
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. Listeners are advised to stick to their pre-planned strategies, diversify globally, and rebalance portfolios regularly, rather than reacting emotionally to market noise. The episode underscores the importance of critical thinking and focusing on long-term financial goals.
Read the full show notes and find more information here: EP 102 Show Notes
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 also highlights the value of specialized advice, the pitfalls of advisor diversification, and the necessity of transparent, ongoing communication with your financial team. Whether you're nearing retirement or planning your financial future, this episode has insights to guide you toward financial security.
Read the full show notes and find more information here: Ep 101 Show Notes
Joe and Regan explain why personalized planning is crucial for a secure and enjoyable retirement.
They 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.
Read the full show notes and find more information here: EP 16 Show Notes
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.
This concept has significant implications for retirement planning and living a fulfilling life beyond just financial independence. Hal explains that recognizing and building a relationship with our future selves can help us make better decisions today, such as saving money, taking care of our health, and reducing procrastination.
Read the full show notes and find more information here: Ep 100 Show Notes
Have you heard these retirement myths? The 4% rule 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?
In this episode, Joe speaks with Bill Bengen, a seasoned financial advisor who is widely recognized for his pivotal role in introducing the 4% rule for retirement planning. With a rich background spanning over three decades, Bengen's profound research has significantly influenced the approach to safe withdrawal rates and asset allocation strategies in retirement planning. His expertise extends beyond conventional wisdom, delving into the intricate details of portfolio management and the significance of maintaining a balanced investment approach.
Read the full show notes and find more information here: EP 99 Show Notes
We examine the essential aspects of estate planning, focusing on creating a comprehensive will. We also examine choosing the right executor, whether a family member or a professional service, highlighting three key scenarios to consider.
We discuss the importance of including digital assets in your will and the benefits of secondary wills for business owners to avoid probate fees on business shares. We also remind listeners to review and update their estate plans regularly to ensure they remain current and effective.
Read the full show notes and find more information here: Ep 98 Show Notes
In this podcast episode, host Joseph interviews cybersecurity expert Scott, who discusses the critical importance of cybersecurity, especially in protecting financial assets. Scott explains the various types of cybercriminals, including organized crime groups, nation-state actors, and lone wolf attackers, and highlights common methods they use, such as ransomware and social engineering scams. He emphasizes the importance of multi-factor authentication and cautious email practices as fundamental security measures to safeguard personal and financial information.
Read the full show notes and find more information here: Ep 97 Show Notes
In this episode of "Your Retirement Plan Simplified," we delve into the topic of cryptocurrency and its place in a retiree's investment portfolio. We give a layman's definition of cryptocurrency, discuss its appeal due to decentralization, security, global accessibility, and investment potential, but also highlight its extreme volatility and lack of predictable returns.
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.
Read the full show notes and find more information here: EP 96 Show Notes
In this podcast, 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.
They highlight that an emergency fund should be kept in a highly liquid and low-risk account, such as a savings account, to ensure it is readily accessible when needed. The discussion also covers the potential benefits of having a line of credit as an additional backup, especially when markets are down, or large, unforeseen expenses arise.
Read the full show notes and find more information here: EP 15 Show Notes
Are you feeling frustrated by the difficulty of understanding investment strategies? Feeling uncertain about which approach to take?
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. Let Joe and Mark guide you through index funds and learn to make informed decisions confidently.
Read the full show notes and find more information here: Ep 95 Show Notes
We examine an 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. Learn about essential expenses, potential emergencies, and smart ways to boost your fund using supplemental income, home equity lines of credit, and more.
Read the full show notes and find more information here: Ep 94 Show Notes
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.
The discussion highlights the tax credits and deductions associated with CPP contributions, emphasizing their value in reducing taxable income. Additionally, it underscores the long-term benefits of RRSPs, which grow tax-free and can offer significant tax savings, making them a crucial element in retirement planning for business owners.
Read the full show notes and find more information here: EP 93 Show Notes
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.
While discussing the investment options within segregated funds, they underscore the importance of considering alternatives like low-cost index funds or ETFs, particularly for investors seeking to optimize returns while minimizing fees.
The episode equips listeners with valuable knowledge to make informed financial decisions tailored to their needs by providing insights into the nuances of segregated funds and alternative investment strategies.
Read the full show notes and find more information here:
EP 92 Show Notes
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.
Beyond the financial perks, they delve into the non-monetary advantages, including social engagement, mental stimulation, and a renewed sense of purpose. Through personal anecdotes and client stories, they highlight how even a small commitment to part-time work can enhance retirees' quality of life by keeping them active, engaged, and contributing to their communities.
Read the full show notes and find more information here: EP 14 Show Notes
Joe speaks with tax expert 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.
Read the full show notes and find more information here: EP 91 Show Notes
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.
Read the full show notes and find more information here: EP 90 Show Notes
This week Joe takes a deep dive into the world of personalized financial advising, where clients are more than just numbers on a spreadsheet. Using a compelling client story, we explore the importance of understanding your unique financial situation.
From estate planning intricacies to navigating complex beneficiary considerations, Joe offers practical insights and expert advice to empower you on your financial journey. Discover how personalized financial advising can make all the difference in securing your financial future.
Read the full show notes and find more information here: EP 89 Show Notes
What are testamentary spousal trusts?
We break down the complexities of this legal arrangement established by wills to benefit surviving spouses. From defining what a spousal trust entails to exploring its various purposes, including asset protection, wealth transfer, and safeguarding against potential remarriages or incapacity, we have practical examples and considerations for choosing trustees and managing assets.
This episode offers listeners a comprehensive understanding of testamentary spousal trusts and their role in ensuring families' financial security and peace of mind.
Read the full show notes and find more information at EP 88 Show Notes.
In this episode, Joe and Regan navigate through the various income streams available in retirement, including pension plans, government benefits like CPP and OAS, investment portfolios, annuities, and even rental income.
They emphasize the importance of intentional decision-making, stressing the need for individuals to assess their expenses, maintain emergency funds, optimize taxes, and consider their net worth goals to ensure financial stability throughout retirement.
Read the full show notes and find more information here: FF EP 13 Show Notes
The sandwich generation - where individuals find themselves caught between supporting aging parents and adult children. Several areas require careful balancing including financial planning, healthcare coordination, and legal and estate planning to navigate the challenges of caregiving effectively.
Emphasizing open communication and setting clear boundaries, we discuss strategies for promoting financial literacy, encouraging education and career development, and preparing for life transitions.
Read the full show notes and find more information here: EP 87 Show Notes
Here are the 8 common mistakes retirees and retirement savers make with their Tax-Free Savings Accounts (TFSA). We cover mistakes like over-contributing, misunderstanding withdrawal rules, day trading within the TFSA, and not naming a successor holder or beneficiary.
We provide actionable advice to help you avoid these common pitfalls and help you implement sound strategies so you can optimize the benefits of your TFSA for long-term financial security.
Read the full show notes and find more information here: EP 86 Show Notes
We look at the various types of debt retirees might carry and the profound impact they can have on your financial well-being. You’ll gain an understanding of how mortgages, lines of credit, car loans, and credit card debt can shape your retirement lifestyles and long-term financial goals.
We emphasize the importance of integrating debt reduction strategies into retirement planning, providing actionable insights such as debt consolidation, refinancing, and accelerated payments.
Read the full show notes and find more information here: EP 85 Show Notes
Joe and Dr. Sally Chivers-Storey explore the dynamics of aging, retirement, and intergenerational collaboration.
They delve into the complexities of navigating workplace tensions arising from different generational perspectives and caregiving responsibilities. Dr. Chivers emphasizes the importance of valuing the wisdom and experiences of older adults, challenging ageist beliefs, and fostering intergenerational spaces where individuals of all ages can learn from each other and contribute meaningfully to society.
Read the full show notes and find more information here: EP 84 Show Notes
We discuss seven key actions to take in the five years leading up to retirement. We want you to get clear on retirement goals and cash flow requirements. We advise you to get clear on your current financial standing and bridge any gaps well in advance.
We look at the importance of creating a shared vision for retirement, understanding future income sources, optimizing taxes, and conducting a cash flow audit to eliminate unnecessary subscriptions. We also stress the importance of maximizing employer benefits and gradually shifting towards a retirement-appropriate investment portfolio to ensure a smooth transition into retirement.
Read the full show notes and find more information here: EP 83 Show Notes
This month Joe and Regan dive into how to educate grandchildren about money. They use real-life examples like grocery shopping and budgeting exercises. They look at how grandparents can make meaningful contributions, such as gifting money with a purpose, like for a car or post-secondary education while instilling lessons about financial responsibility.
By engaging in open conversations and setting positive examples, grandparents can play a crucial role in shaping their grandchildren's financial literacy and long-term financial well-being.
Read the full show notes and find more information here: EP 12 Show Notes
We explore the top five non-money mistakes in retirement planning. We look at how retirement isn’t just about financial readiness but also about finding fulfillment and direction in life post-career.
We look at the significance of social engagement, staying physically active, maintaining a growth mindset, and transitioning from a savings to a spending mindset in retirement.
Read the full show notes and find more information here: EP 82 Show Notes
In this podcast episode, hosts Joe Curry and Lindsay Wilson discuss common mistakes in retirement planning, cautioning against relying solely on advice from friends and family who may lack expertise in financial matters. They emphasize the importance of seeking professional guidance tailored to one's unique situation, highlighting scenarios such as CPP payment timing and asset allocation during market downturns.
The hosts stress the necessity of comprehensive planning, including considerations of retirement income sources, tax strategies, risk management, and estate planning. They advocate for conducting a "dress rehearsal" for retirement expenses and budgeting for potential cost increases in future projects or expenses, underscoring the multifaceted nature of retirement preparation and the need for careful analysis and professional assistance.
Read the full show notes and find more information here: EP 81 Show Notes
In this podcast, Dr. Daniel Crosby joins Joseph to discuss the impact of behavioral biases on retirement planning. They delve into overconfidence as a key bias, emphasizing its role in risk-taking behavior and decision-making. Dr. Crosby advises automating financial processes and seeking professional guidance to bridge the behavior gap. The conversation also previews Dr. Crosby's upcoming book, "Soul of Wealth," which explores 50 essays on mind, money, and meaning, offering valuable insights for those navigating the psychological challenges of retirement.
Read the full show notes and find more information here: EP 80 Show Notes
In this engaging podcast discussion, the speaker delves into the widespread shift towards subscription models, exploring how businesses and consumers alike benefit from this trend. The conversation underscores the convenience for consumers and improved cash flow management for companies, emphasizing the seamless experience subscriptions offer. However, as the subscription landscape becomes increasingly saturated, the challenge of tracking and managing numerous subscriptions arises, prompting the speaker to highlight the average American's significant monthly spending on consumer subscriptions. The discussion touches on the subtle tactics some companies use to make canceling subscriptions cumbersome, shedding light on the importance of values alignment, simplicity in offerings, and transparent communication in fostering successful and long-lasting subscription relationships. The speaker offers practical advice for consumers, urging them to assess their subscriptions for alignment with values, consider annual plans for potential savings, and be mindful of the ease of cancellation.
Read the full show notes and find more information here: EP 79 Show Notes
Hosts Joseph and Regan examine how to handle inheritances. With the landscape of wealth transfer evolving rapidly, receiving an inheritance is not just a stroke of luck but a strategic element in financial planning.
They caution against hasty decisions and stress the importance of taking the time to assess goals and intentions before embarking on any major financial moves. Through real-life examples, such as a client who strategically maximized her tax-free savings accounts and diversified her assets after receiving an inheritance, the hosts highlight the significance of thoughtful planning in ensuring long-term financial security.
Read the full show notes and find more information here: EP 11 Show Notes
What does it mean to be fair yet unequal in estate planning?
Explore how differing financial needs, family contributions, and the complexities of sibling relationships impact retirement planning. Discover actionable insights, from using life insurance to equalize asset distribution to fostering open communication to minimize family disputes. Join Joe and Lindsay’s conversation on navigating family dynamics and creating a personalized, transparent estate plan for a smooth and equitable transition into retirement.
Read the full show notes and find more information here: EP 78 Show Notes
Braden Warwick (PhD, PWL Capital) and Joe look at business owner compensation. They examine the often-debated choice between salaries and dividends.
Braden, a financial planning product architect at PWL, shares insights from a comprehensive study he conducted on optimal business owner compensation. They explore variables like provincial residency, corporate revenue, and the dynamics of notional accounts, unraveling the considerations that go into determining the most advantageous compensation strategy for business owners. of personal and corporate finance.
Read the full show notes and find more information here: EP 77 Show Notes
This week we answer a listener question about defined benefit pension plans: I know not a lot of people have defined benefit plans, but everyone keeps talking about needing $1M-$2M at retirement. How would a defined benefit pension get valued, and does the amount needed at retirement include government programs?
We break down the components of retirement income, including government programs like the Canada Pension Plan and Old Age Security, guiding listeners on how to assess their unique financial situation to arrive at an ideal portfolio value for a comfortable retirement. We encourage you to shift your focus from generic averages to a personalized approach in determining retirement needs.
Read the full show notes and find more information here: EP 76 Show Notes
New York Times Author Dan Solin joins Joe to discuss common misconceptions, essential factors for retirement planning, and the evolving retirement landscape. Dan emphasizes the impact of emotions on investment decisions and provides valuable advice on asset allocation and dealing with market volatility.
Additionally, they touch on the challenges millennials face in buying homes and the importance of financial literacy. Dan's upcoming book, "Wealthier: A Field Guide to Financial Freedom," is tailored for millennials. Listeners can find more information on wealthierbook.com. Don't miss out on this valuable financial wisdom!
Read the full show notes and find more information here: EP 75 Show Notes
We know estate planning is daunting. But it’s essential to address it ahead of time, to ensure that all your wishes are laid out to eliminate potential conflict. We give you valuable tips on evaluating your current financial standing, considering future scenarios, and understanding the nuances of trusts and specific gifts.
We also touch on the option of providing financial support to family members before passing away, stressing the importance of ensuring financial independence. With real-life examples and a practical framework, we give you actionable advice and encourage you to take proactive steps to secure your family's financial future through thoughtful estate planning.
Read the full show notes and find more information here: EP 10 Show Notes
Fritz Gilbert, the award-winning author of the blog “The Retirement Manifesto” joins Joe to share his unconventional yet successful approach to retirement planning.
He emphasizes the importance of not fixating on the financial aspects of retirement but embracing the non-financial elements, such as relationships and purpose, that impact a smooth transition into retirement.
Read the full show notes and find more information here: EP 74 Show Notes
David Blanchett, a renowned financial expert, delves into the multifaceted world of retirement. From annuities, longevity risk, and alternative assets, you will gain valuable insights that challenge conventional wisdom.
From the nuances of portfolio construction to the impact of inflation on retirement savings, Blanchett provides actionable advice, helping listeners navigate the complexities of securing a comfortable and sustainable retirement.
Read the full show notes and find more information here: EP 73 Show Notes
Joe welcomes Matt Holmes (CPA, Director at Holmes CPAs & Tax Advisors) to the show. They take a deep dive into the often-overlooked realm of succession planning. Joe and Matt share a poignant case where the absence of a contingency plan resulted in a less-than-optimal sale for the family due to the owner's passing.
They provide invaluable insights into the strategic considerations and pitfalls that entrepreneurs should be aware of, making it an essential listen for anyone navigating the complexities of selling or transitioning their business.
Read the full show notes and find more information here: EP 72 Show Notes
Joe welcomes back business expert David C Barnett to delve into the intricate process of selling a business for retirement.
This insightful episode provides valuable insights for business owners contemplating a sale. Joe and David emphasize the necessity of strategic planning, documentation, and the cultivation of a marketable business before embarking on the selling process.
Barnett's practical examples and emphasis on due diligence offer a roadmap for prospective sellers, highlighting the intricate details that can significantly impact the successful sale of a business.
Read the full show notes and find more information here: EP 71 Show Notes
Welcome to "Your Retirement Planning Simplified," where hosts Joseph Curry and Lindsay Wilson demystify the complexities of retirement with their down-to-earth approach. In this latest episode, the dynamic duo kicks off 2024 with enthusiasm, celebrating the podcast's growth over the past year and reflecting on their mission to make retirement planning approachable for everyone. With over 16,000 downloads and counting, Joseph and Lindsay share their journey of helping people overcome the initial embarrassment or hesitation often associated with seeking financial advice. They emphasize the importance of taking action, drawing parallels with Joseph's insightful egg story, highlighting that true understanding comes from applying knowledge to one's unique situation.
Read the full show notes and find more information here: EP 70 Show Notes
Joe and Regan examine estate planning essentials. They emphasize the significance of having an up-to-date will and stress the importance of clear communication within families.
They also look at the often-overlooked aspect of digital assets, urging listeners to document and share information on online accounts to ensure easy management by their executors.
They advocate for open conversations with family members about estate planning decisions. If you’ve been thinking about estate planning, this is an excellent how-to episode.
Read the full show notes and find more information here: EP 9 Show Notes
It’s our 2023 wrap-up of Retirement Planning Simplified featuring the best episodes and insights from 2023!
We highlight our most popular episodes, including discussions on safe withdrawal rates, effective investment strategies, achieving purposeful retirement, and the impact of taxes on single seniors.
This episode is a great guide for both new and seasoned listeners, offering the best of Your Retirement Planning Simplified.
Read the full show notes and find more information here: EP 69 Show Notes
David Barnett joins Joe to share valuable insights on the common pitfalls business owners face when preparing to retire and sell their businesses.
Discover the key areas to focus on for enhancing business value, from reducing customer concentration risks to navigating the challenges of owner dependence.
Whether you're a business owner weighing retirement, or an entrepreneur interested in the art of business sales, this episode provides expert advice to ensure a smooth transition and a fulfilling retirement life after being your own boss.
Read the full show notes and find more information here: EP 68 Show Notes
Joe speaks with Kate Wilson, Associate Advisor at Matthews + Associates, about an essential topic of estate planning: preplanning and prepaying for your funeral.
Kate stresses the importance of thoughtful consideration of one's end-of-life wishes, encouraging you to document your preferences and keep them alongside your estate planning documents. While the topic may not be the most lighthearted, Joe and Kate offer practical insights, aiming to empower listeners to make informed decisions about their final arrangements.
Read the full show notes and find more information here: EP 67 Show Notes
In this podcast episode, host Joseph welcomes Gary Poyer to discuss retirement planning from a unique perspective that goes beyond financial considerations. Gary, the author of "Make Retiring Easy," emphasizes the importance of uncovering the potential in retirement to lead a fulfilling life. He highlights the seven principles of his Philosophy of Retirement, encouraging individuals to approach retirement intentionally and consider the broader aspects of their lives beyond just financial stability. Gary emphasizes the need for a personalized retirement plan that addresses values, purpose, and opportunities, ultimately guiding listeners towards a more enriching and purposeful retirement.
Read the full show notes and find more information here: EP 66 Show Notes
Joe and Regan look at managing anxiety around market volatility, particularly for individuals nearing or already in retirement.
They address retirees' concerns who want immediate income from their investments but experience anxiety from the unpredictability of market fluctuations.
Joe urges listeners to break down their portfolios into distinct buckets aligned with different phases of retirement. Regan reinforces the significance of revisiting risk tolerance and maintaining a diversified portfolio. Stick to a good retirement plan, backed by strategies designed to weather market storms.
Read the full show notes and find more informtion here: EP 8 Show Notes
We look at what people talk about when they talk about risk. We explore the different facets of risk associated with stock market investments. Joe breaks down the nuances of systematic and unsystematic risks, unraveling the uncertainty that often accompanies market fluctuations. With insights into diversification strategies and the importance of understanding various risk types, we equip listeners with the knowledge to navigate retirement planning with confidence.
Read the full show notes and find more information here: EP 65 Show Notes
Joe welcomes Nick Mombourquette (CFP) from NewGround Financial Inc. With NewGround Financial Inc., Nick guides entrepreneurs and for-impact leaders.
Discover the keys to financial freedom as Joe and Nick delve into the intricacies of retirement planning, employee benefits, and business growth. With a focus on staying organized, having a solid process, and planning ahead, they provide actionable insights and a roadmap to navigate the challenges of business ownership.
Read the full show notes and find more information here: EP 64 Show Notes
We explore critical aspects of preparing for retirement, urging you to look beyond just financial readiness. From overspending early in retirement to underestimating life expectancy, we examine various retirement risks, emphasizing the need for a comprehensive approach that includes staying socially engaged, continuous learning, and nurturing emotional and psychological well-being.
Read the full show notes and find more information here: EP 63 Show Notes
In this engaging podcast episode, the hosts dive deep into the critical retirement risks that many individuals overlook in their retirement planning. This two-part episode provides valuable insights into the pitfalls and challenges that retirees often face when approaching retirement. From underestimating retirement expenses to the perils of retiring too early, the hosts offer practical advice and solutions to help listeners navigate their retirement journey successfully.
Read the full show notes and find more information here: EP 62 Show Notes
In this episode of Fireside Financial, CFPs Joe Curry and Regan Schiller delve Home Equity Lines of Credit (HELOC) versus reverse mortgages. They provide valuable insights into how these financial tools can be used strategically during retirement planning.
They address the common misconception that retirees should avoid debt entirely, highlighting the benefits of using HELOCs and all-in-one accounts as flexible tools for managing unexpected expenses or healthcare costs.
Read the full show notes and find more information here: EP 7 Show Notes
Join us as we address a growing concern: the oversimplification of retirement advice.
We highlight the pitfalls of an overreliance on factors like predicted lifespan and investment returns to plan for retirement. We want you to underscore the necessity of considering a wide range of factors, such as the sequence of return risk, healthcare costs, and withdrawal strategies.
Read the full show notes and find more information here: EP 61 Show Notes
Joe and Lindsay examine the little-discussed sequence of inflation risk. While most people plan for retirement with a fixed, average inflation rate, it’s important to consider the sequence in which inflation rates fluctuate over time.
Drawing from the insightful article “How Sequence-Of-Inflation Risk Impacts Retirees Beyond Just Sequences of Returns” by Michael Kitces, they explore the real-world impact of variable inflation and how it can interact with the sequence of return risk.
Read the full show notes and find more information here: EP 60 Show Notes
In this engaging podcast conversation, Jen Johnstone (Executive Director) and Sarah Cook (Education Program Supervisor) from the Peterborough and Area Alzheimer’s Society shed light on the challenges retirees face when providing care for loved ones with Alzheimer's.
Drawing from their extensive experience, they offer valuable insights into maintaining cognitive health during retirement, emphasizing the importance of staying socially active, challenging the brain with various activities, and embracing new experiences. Beyond advice on brain health, they discuss financial preparedness for potential Alzheimer's care costs, urging retirees to consider advanced care planning and open conversations with family members about end-of-life wishes.
Read the full show notes and find more information here: EP 59 Show Notes
Join us for an in-depth look at the ins and outs of RRSPs (Registered Retirement Savings Plans). You'll hear why some individuals regret investing in RRSPs due to the taxes they face during withdrawals and gain valuable insights into the advantages these plans offer.
From tax deductions to tax-deferred growth, learn how RRSPs can play a crucial role in your retirement strategy. Discover strategies like delaying government benefits, income splitting, and leveraging tax brackets that can help you make the most of your retirement savings.
Read the full show notes and find more information here: EP 58 Show Notes
Joe and Lindsay dive into the concept of a "retirement dress rehearsal.” Doing a dry run of retirement leads to a smooth retirement transition and prior planning prevents poor performance!
They stress the significance of understanding your cash flow needs in the year or two before retiring. They guide you through the process of setting up separate bank accounts for income and spending, ensuring that your retirement budget aligns with real-world spending patterns. They also explore common mistakes people make during retirement, such as underestimating their spending needs and leaving major projects for retirement.
Read the full show notes and find more information here: EP 57 Show Notes
Joe Curry (CFP, Retirement Planning Simplified) and Regan Schiller (CFP, Your Canadian Retirement Specialist) examine the intricacies of optimizing retirement income by strategically withdrawing funds from Registered Retirement Income Funds (RRIFs) and other retirement accounts. They explore the benefits of taking early excess withdrawals from RRIFs, even when clients may not have an immediate need for the funds.
Read the full show notes and find more information here: EP 6 Show Notes
Joe and Lindsay share key insights taken from the financial classic, "The Millionaire Next Door” by Thomas J. Stanley and William D. Danko. With the book's principles freshly revisited, they explore how these valuable lessons can be applied to retirement planning and shared with the next generation. Throughout the episode, Joseph and Lindsay offer practical insights, emphasizing the importance of living below your means, clear financial goal setting, and the power of patience and discipline in building wealth over time.
Read the full show notes and find more information here: EP 56 Show Notes
In the latest episode, Joe and Lindsay dive into the often-perplexing world of financial professionals and their designations. With titles ranging from financial advisors, financial planners, investment advisors, and wealth managers, Joe and Lindsay look at untangling the confusion surrounding these roles.
Read the full show notes and find more information here: EP 55 Show Notes
Mary Ellen French and David Wing of “The Retirement Years” podcast join Joe on this week’s episode of “Your Retirement Planning Simplified.”
With a blend of personal experiences and expert insights, they guide listeners through the multifaceted journey of retirement preparation and living life after the workforce. From discussing the genuine fears that retirement can bring to sharing strategies for finding purpose and joy beyond the traditional career path, Mary Ellen and David offer relatable and valuable advice for those approaching retirement or already in its midst.
Read the full show notes and find more information here: EP 54 Show Notes
Joe welcomes Dr. Preet Banerjee to “Your Retirement Planning Simplified”. Preet is a well-known Canadian personal finance and investing expert, Globe and Mail columnist, host of OWN's TV show Million Dollar Neighbourhood, and author of the popular blog WhereDoesAllMyMoneyGo.com. They delve into Preet’s research on the value of financial advice.
Dr. Banerjee candidly shares his insights on the evolution of the financial advice industry, exploring its transformation from transactional beginnings to the holistic approach demanded by today's dynamic landscape.
Read the full show notes and find more information here: EP 53 Show Notes
In this engaging episode of Fireside Financial, Joe and Regan dive into a range of retirement-related questions from their audience. Covering topics like CPP, pension plans, and retirement planning strategies, they provide insightful advice and analysis. They explore scenarios involving part-time work after age 60 and its impact on CPP, the decision-making process for defined benefit pension plans, and the advantages of delaying CPP payments.
Read the full show notes and find more information here: EP 5 Show Notes
The choice between savoring retirement and leaving an inheritance can become a pivotal decision when you’re planning for retirement. We examine some common misconceptions, revealing that this dilemma isn't an either-or situation. Rather, it's a nuanced balance between personal enjoyment and providing for loved ones.
Read the full show notes and find more information here: EP 52 Show Notes
In this episode, host Joseph welcomes travel expert Danielle to the show. With years of experience in finding creative ways to afford travel, Danielle shares her insights on financially savvy travel. She highlights the importance of understanding your travel style and aligning your spending with your priorities. Whether you're a retiree looking to indulge in luxury travel or someone seeking affordable adventures, Danielle's tips and strategies cater to travelers of all kinds. From budgeting and saving for travel to finding the best deals on flights and accommodations, Danielle's expertise will help you navigate the world of travel while maintaining your financial goals.
Read the full show notes and find more information here: EP 51 Show Notes
In this episode, we dive further into the world of taxes for business owners. We highlight the advantage of tax deferral by keeping profits within the corporation. Dividends emerge as an option, offering flexibility in personal investment choices and the opportunity to avoid CPP contributions.
Read the full show notes and find more information here: EP 50 Show Notes
In this podcast episode, we delve further into the world of tax planning in retirement. We stress the importance of basic financial education and understanding the tax buckets that can significantly impact tax liability. Joe emphasizes the long-term benefits of tax deferral, debunking misconceptions that can lead to missed opportunities.
Read the full show notes and find more information here: EP 49 Show Notes
In Episode 4 of Fireside Financial, Joseph and Regan discuss the increasing trend of parents supporting their millennial children financially. They explore different forms of assistance parents are offering, including down payments on homes, groceries, rent, and mortgages. The hosts stress the importance of a solid financial plan to ensure the support does not compromise the parents' retirement or financial well-being. They also advocate for open communication with children about the financial assistance being given and how it may affect the family's estate in the future.
Read the full show notes and find more information here: EP 4 Show Notes
In this episode, Joe and Lindsay delve into a pressing question that many investors have: "My portfolio is down $100,000 - will it recover?"
Drawing from a client's concern, we navigate the emotional and practical aspects of dealing with portfolio losses. We emphasize the importance of understanding market volatility and highlight the need for a well-diversified investment strategy. Joe introduces the concept of "buckets," which separate assets into defense (stable and low-risk) and offense (growth-oriented) categories, enabling investors to weather market fluctuations while still ensuring a sustainable income stream.
Read the full show notes and find more information here: EP 48 Show Notes
In this episode, Joe, and Lindsay answer two listener questions related to retirement planning. They emphasize the importance of starting retirement planning as early as possible to take advantage of the power of compounding. While the ideal time to start concrete retirement planning is about three to four years before retirement, Joe recommends getting clear on one's values and purpose even earlier.
Read the full show notes and find more information here: Ep 47 Show Notes
In this podcast, Joe interviews Jacquie Doucette from “Beyond Retirement” who shares her journey with retirement. Jacquie discusses people’s common fears about retirement and emphasizes the importance of addressing not just the financial aspects but also the psychological and social aspects of retirement.
Read the full show notes and find more information here: EP 46 Show Notes
In this episode of YRPS, we explore the various types of retirement beyond the traditional notion of stopping work at age 65. We delve into 9 different types of retirement, including continuing to work, transitioning to part-time or a reduced schedule, starting a new business, switching careers, or dedicating time to charitable causes. Retirement as an opportunity to pursue passions, explore new opportunities, and find fulfillment in life beyond work.
Read the full show notes and find more information here: EP 45 Show Notes
In this episode of "Your Retirement Planning Simplified," Joe and Lindsay introduce the new Retirement Planning Simplified website and discuss the “Retirement Navigator”, a comprehensive tool designed to simplify retirement planning.
The Retirement Navigator works like a map or a compass to give you direction in retirement. It was created to make retirement planning accessible to everyone. The Navigator highlights the significance of aligning values, establishing purpose, managing cash flow, and optimizing retirement income streams for a successful retirement journey.
Read the full show notes and find more information here: EP 44 Show Notes
In this episode of Fireside Financial, Joe and Regan delve into the fascinating topic of retirement spending. They explore two sides of the same coin: the challenges faced by individuals who feel unprepared for unexpected expenses during retirement, and those who are reluctant to spend their hard-earned savings due to fear of running out of money. Joseph and Regan share valuable insights and real-life examples to help listeners navigate these financial dilemmas.
Read the full show notes and find more information here: FF EP 3 Show notes
In this episode, we dive into the popular topic of the 4% rule and its relevance toretirement planning. Wediscuss how the 4% rule is a safe withdrawal rate ratherthan a prediction of investment returns, emphasizing its purpose in ensuringfinancial security in the worst-case scenarios.
Read the full show notes and find more information here: EP 43 Show Noes
Join Certified Financial Planners, Joe Curry (Retirement Planning Simplified) and Freeman Linde (Retire Mentorship), as they explore “The Four Horsemen” and their impact on your financial success in retirement.
Read the full show notes and find more information here: Ep # 42 Show Notes
If you’re feeling frustrated and overwhelmed by the complexity of CPP and OAS timing and the lack of customized strategies to help you achieve smarter retirement planning, then you are not alone!
Read the full show notes and find more information here: https://matthewsandassociates.ca/a79g
This episode discusses the importance of equity and inclusivity in financial planning. We also look at the unique needs and challenges faced by the theLGBTQ+ community regarding retirement planning and financial management. Laura stresses the value of tailoring advice to each client's needs to create trust, ultimately fostering an inclusive atmosphere that addresses unique financial challenges for people from all backgrounds.
Read the full show notes and find more information here: https://bullfrog-gazelle-5drc.squarespace.com/config/pages/63ea646e5b62a6253dbce3b1
In this episode, Jane Robertson, founder of Single Seniors for Tax Fairness, shares her personal journey and the challenges faced by herself and other single seniors in retirement. She explains that single seniors make up 39% of all seniors, but they are penalized by the tax system for not having a partner.
Read the full show notes and find more information here: https://matthewsandassociates.ca/40
A compelling sense of purpose accompanies a fulfilling life. Often, we derive that sense of purpose from our work. It can be a struggle to replace that compelling sense of purpose in retirement. However, uncovering a new purpose during retirement can be freeing and give you a renewed sense of joy and fulfillment.
Read the full show notes and find more information here: https://matthewsandassociates.ca/39
In the realm of retirement planning, successful retirees exhibit specific characteristics that contribute to their financial stability. One key factor is good money management habits, including diligent saving from an early age, which allows funds to compound and grow over time. Equally important is living within one's means and prioritizing monetary savings. Another crucial aspect is the ability to remain calm and focused during periods of market volatility, avoiding impulsive financial decisions in response to market fluctuations.
Read the full show notes and find more information here: https://matthewsandassociates.ca/9jq9
In this episode Joe and Lindsay examine the nuances of life insurance inretirement.Do we really needit, or is it just another added cost?
Read the full show notes and find more information here: https://matthewsandassociates.ca/38
In this episode, you will learn how to maximize your retirement savings and reach your financial goals faster through innovative retirement planning. This is a great episode to start learning about all the ins and outs of retirement income planning.
Read the full show notes and find more information here: https://matthewsandassociates.ca/37
There isn’t a wealth of information on how to retire as a single person.However, it’snot uncommon to enter retirementon your ownfor a variety of reasons.The reality is that single people don’t have as many planning options as couples, but there are some options.
Read the full show notes and find more information here: https://matthewsandassociates.ca/oz9t
Unretirement is the phenomenon of people returning to work after retiring fromtheir careersor jobs. It’s a trend that’s becoming increasingly common.This mightmeanreturning to a former job, starting a new career or business, workingpart-time, or taking on consulting or freelance work. People are living longer, healthierlives. Thismeans that someretirees continue tolookfor the emotional, social,andfinancialfulfillment that work brings-but on their own terms.
Read the full show notes and find more information here: https://matthewsandassociates.ca/cc6s
Retirement planning for business ownersmeans creating and telling a good storyforthe sale of theircompany.Transitioning intothe sale ofacompany and intoretirementalsomeanshaving a great long-term plan.In this episode, BobGauvreau,founder,and CEO of Gauvreau Accounting Tax Law Advisory, joinsus tolendushis wealth of knowledge on retirement planning for business owners.
Read the full show notes and find more information here: https://matthewsandassociates.ca/mnaz
How can we pursue a better investment experience?Knowing how to invest is onethingbutunderstandinghowtoget the most from your experience is another.Thereare manycomponentsthatgo into being asuccessful investorincludingknowledgeofthe market, practicing smart diversification,and focusing on what you cancontrol.
Read the full show notes and find more information here: https://matthewsandassociates.ca/33
What do declining stock and bond prices and soaring inflation mean for your retirement income?
New research published on safe withdrawal rates from Morningstar indicate a 3.8% safe withdrawal rate. Building on our earlier podcast: Do I Need $1 Million to Retire? We thought it was worthwhile taking a close look at this research and asking the more relevant question: Does my $1 million retirement portfolio really only support $38,000 of annual income per that Morningstar article and the 3.8% safe withdrawal rate?
Read the full show notes and find more information here: https://matthewsandassociates.ca/32
Jane Blaufus,keynote speaker business coach,and best-selling authorof “With the [Stroke]of a Pen”believes that we have an obligation to ourselves and to those we love to make surewe leave this world in an organizedmanner,andshe has the background andtheexperience to help people achieve this.
Read the full show notes and find more information here: https://matthewsandassociates.ca/podcast/31
Whether you’re new to the podcast or a returning listener,Joe and Lindsay discussthemost popular topics, questions, and guestson the show in 2022.This is a greatepisode if you’re looking for a place to jump in–or justwanta general refresheronall the importantaspects to think about when planning your retirement.
Read the full show notes and find more information here: https://matthewsandassociates.ca/podcast/30
60% of Canadians don’t have a will, leaving many families in a precarious situation. Putting a plan in place for your estate means giving thought to the people you are leaving behind because a legacy isn’t what you leave people but how you leave them. In this episode, David Edey, Certified Executor Advisor (CEA) and author of “Executor Help: How to Settle an Estate – Pick an Executor and Avoid Family Fights” and podcast host of “Executor Help,” joins the show to share his own experience with being an executor and the common missteps that many make in estate planning and how to avoid them.
Read the full show notes and find more information here: https://matthewsandassociates.ca/podcast/29
Charitable planned giving supports many communities directly. Giving locally means a donation can be made to a specific interest that’s important to a donor or that has touched their lives. In this episode, Lesley Heighway, President & CEO of Peterborough Regional Health Centre Foundation, joins us to share all the ways that donating to a community foundation can have a huge and direct impact on the health and well-being of a community.
Read the full show notes and find more information here: https://matthewsandassociates.ca/podcast/28
Mark Halpern, CFP, is a Trust and Estate Practitioner who has helped business owners, entrepreneurs, and professionals in affluent families for over 30 years. As CEO of Wealth Insurance, he and his team specialize in tax-advantaged insurance solutions to protect families, create charitable legacies, and preserve estates. He is also building a national community of 100 financial professionals and charities with the goal of creating $1 billion in philanthropy annually. In this episode, Mark joins the show to inspire you to start thinking about your charitable planned giving.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/27
Donor-Advised Funds help philanthropists and their families fund their preferred charities however and whenever they want with the help of their advisors. Canada Gives offers the same choices and privileges as a private foundation but with lower costs. In this episode, Denise Castonguay, CEO and Founder of Canada Gives, will be joining the show to share the benefits of dealing with Donor-Advised Funds so that you have a clear idea of where your money is going.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/26
Planned giving allows individuals to gift large sums to charitable organizations, in life or at the time of passing, as part of the donor’s financial and/or estate planning. Gift plans use estate and tax planning to provide for charity and heirs in ways that maximize the gift and/or minimize its impact on the donor’s estate. So, what do you need to know about charitable planned giving as you plan for and enter retirement? We will share everything you need to know on this topic in this episode.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/25
Anxiety around retirement is completely normal. You may feel concerned about how you will fill your time, financial worries or even feeling a loss of your identity. Retirement readiness is less about money and more about mindset. So, how can we shift our mindsets to feel more prepared for retirement? Tammy Vigue, Retirement Coach, will join the show to share how to achieve a mindset beyond money as you approach what should be the most exciting time of your life.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/24
Rather than trying to predict the future, wouldn’t it be great if there was a way to draw information about expected returns from the market itself? Luckily there is. Through scientific and evidence-based investing, you can take a less subjective and more systematic approach to investing. In this episode, Christian Newton, Vice President of Dimensional Fund Advisors, joins the show to discuss the scientific perspective on investing, particularly how it relates to the investor.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/23
Trusts, when understood properly, can help people successfully plan their finances, provide security for their families, and even invest more confidently. Trusts allow for one person (or a company) known as the trustee to hold money for the benefit of another person (or a group of persons) known as the beneficiary. There are a number of different trusts and it is important to understand which type of trust will best suit your goals. So, in this episode, Joe and Lindsay will be sharing the main types of trusts in estate planning and who they are for.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/22
You’ve decreased your spending and cut all of the costs you possibly can, but somehow you still find you’re not saving enough for retirement. Where can you go from there? In this episode, Joe and Lindsay share several options you have if you are concerned about the amount of money you will have for retirement and want to ensure you’re not having to rely on your family to support you.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/21
Many Canadians are concerned about inflation’s impact on retirement savings, and rightly so. Without the correct plan in place, it can be easy to miscalculate how much you will need to have a good retirement. With a new report from Aon stating that the average 45-year-old Canadian will need to accumulate $1.4 million in retirement savings to retire comfortably, people are even more concerned and confused. Is this an accurate number for Canadians to aim for? In this episode, Joe and Lindsay take a look at this report and break down everything you need to know about retirement savings.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/20
Oftentimes, people mistakenly think that once they hit retirement, they no longer need to invest. They believe that retirement is the time to live off of their savings and simply avoid financial risks. Although you no longer are earning a working income once you hit retirement, this doesn’t mean you should stop investing. So, in this episode, Joe and Lindsay will be discussing how to continue investing in retirement to ensure you don’t run out of money long-term.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/19
At Matthews & Associates, we get a lot of questions surrounding the topics of the Canadian Pension Plan (CPP) and Old Age Security (OAS). Our clients want to know what these are, what the difference between the two is, and how to go about calculating them. So, in this episode, we have Lindsay Wilson, Client Care Coordinator, joining the show to help me shed light on these very important but sometimes misunderstood government benefits.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/18
Without the right planning in place, new retirees often find the financial aspect of the retirement transition to be somewhat daunting. Although we can plan for retirement for years, estimating actual cash flow needs can be pretty tricky. So, in this episode, I will be explaining how to figure out how much you will likely need to keep up the same lifestyle in retirement that you have while you are still working.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/17
Many individuals want a retirement that is authentic to who they are, passion-driven, and filled with purpose. However, it takes a certain kind of mindset to achieve the motivation, tools, and community for someone who is retirement age to make this happen. Mind Switch helps individuals transition from their careers and create the next phase of their lives to be as uniquely compelling as they are by reinventing what retirement can be. Today, Scott Armstrong, CEO of Mind Switch Training, will be joining the show to discuss the six key foundations needed for your greatest ambitions to come to life.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/16
The retirement income "buckets" approach generally involves dividing your short-term cash and long-term investments into different buckets. This way, regardless of the short-term performance of your investment portfolio, you can make planned withdrawals and regular payments from the buckets without feeling uncertain about the state of your portfolio. There are many versions of the buckets approach, and in this episode, I am going to be sharing a few options for you to consider as you plan for your retirement.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/15
There are many uncertainties that make calculating retirement spending an educated guess at best - many of which we have covered in previous episodes. You want the flexibility to spend as much as you need in retirement, while also feeling secure enough in your funds that you know you won’t run out of money halfway through your golden years. So, in this episode, I am going to be explaining dynamic withdrawal strategies which are designed to change annual retirement distributions based on actual market performance, to prevent you from under or overspending.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/14
Most traditional retirement plans in the past were created by making a projection that has taken into account assumptions around inflation, rates of return, and longevity and putting it all together to see if there is money left over to last you the remainder of your life. Although this is a good starting point, it doesn’t take into account any unforeseen circumstances. In this episode, I will be sharing some other methods retirement planners are using these days to create a safer outcome for your retirement.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/13
It's one thing to know what the risks of retirement are as far as your income planning goes, but knowing what to do about those risks and how to handle them is what counts. That's where retirement income strategies come in. In this episode, I will be sharing several types of retirement income strategies so you can find the best option that will suit you and your needs.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/12
Today we are joined by Kaz Nesbitt, CPA, CA, who is the Senior Manager at Grant Thornton. Kaz helps business owners and high net worth individuals save thousands of dollars by structuring their succession plans, estate plans and compensation strategies in a tax-efficient manner to maximize wealth. In this episode, Kaz joins the show to explain how you can limit your lifetime tax bill and shares several things to consider as you approach retirement.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/11
Unexpected healthcare costs can be one of the biggest expenses a retiree can face. Similar to how we cannot predict how long we are going to live, we cannot predict when an accident is going to happen. So, how do we prepare financially for the risk of healthcare expenses? In this episode, I will be sharing how to understand and plan for potentially growing medical costs.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/10
Clients often ask me how to know when they have enough money set aside to take all risk off the table in their investments. Unfortunately, there is no easy answer. You cannot take risk off the table, as inflation is constantly happening. However, there are ways to minimize your risk. So, in this episode, I will be sharing the steps you can take to lower your susceptibility to inflation risk and more.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/9
In the previous two episodes, we have covered the sequence of return risk (which talks about why having a retirement projection is not really a plan), as well as longevity risk (which is the ability to accurately save for the length of the rest of your life). Today we're talking about the risk of being too conservative, also sometimes referred to as asset allocation risk, and how to allocate your assets in a way that will allow you to have a successful retirement.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/8
Many people tend to underestimate how long they will live, therefore underestimating how much money they will require for retirement. And although there is no way to know for sure how long you’re going to live, there are measures you can put in place to ensure you do not outlive your money. So, in this episode, I will be sharing how to calculate how much you will need for retirement so that you can live out your life stress-free.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/7
Today we will be discussing one of the biggest factors to consider when transitioning and saving for retirement: sequence of return risk. This is the risk that comes from the order in which your investment returns occur. In other words, the sequence of return risk is the potential that the market declines at the beginning of your retirement, significantly reducing the longevity of your portfolio. So, how do we prepare for this? Listen in to find out!
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/6
Whether you have an employer or you are working for yourself, making the transition into retirement means getting paid is going to be very different from what you are used to. As you are no longer getting regular paychecks, you have to completely rethink how you are getting your income. So, how do you create that paycheck when you’re no longer going to work? In this episode, I will be explaining the different potential income sources you can utilize in retirement, as well as how you can tap into them.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/5
If you’re in the lead-up to your retirement, there are many steps you can take to ensure you’re setting yourself up for a relaxing and comfortable retirement. One topic that often gets overlooked when it comes to retirement savings is pension splitting. So, in this episode, I will be sharing the benefits of pension splitting (including the savings and opportunities that are available), as well as what type of pensions can actually be split.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/4
Every year in Canada, millions of dollars in tax credits (and deductions) go unclaimed. However, with the right preparation and knowledge, you can avoid leaving your dollars on the table. In this episode, I will be helping you understand the different tax credits you may be able to apply to your situation so that you can minimize your tax bill and maximize your refund.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/3
When planning for financial freedom in your retirement years, there is one topic you cannot forget about: taxes. How much you will owe in taxes during your retirement really depends on how your retirement income is generated, as well as the amount of your retirement income. So, in this episode, I will be explaining how to ensure the smoothest ride possible into retirement through appropriate tax planning.
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/2
Welcome to Your Retirement Planning Simplified, the podcast dedicated to answering your burning questions about retirement possibilities and how to get there. Join your host, Joseph Curry, CFP, as he shares education, resources, and expert interviews geared toward helping you get clear on your retirement vision. He'll break down what you’ll need to achieve or maintain your financial freedom.
In this inaugural episode, Joe will be introducing himself and sharing who this podcast is going to help. You'll learn what you can expect from Your Retirement Planning Simplified moving forward, the mission of Joe’s firm, and why Joe decided to get involved in financial services. Finances don't have to be daunting or overwhelming—with the right help, you and your loved ones will be on the right path to financial freedom in no time!
You can find show notes and more information by clicking here: https://matthewsandassociates.ca/podcast/1