Your Retirement Planning Simplified

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 re...

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 retire...

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...

Joe welcome s 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 actiona...

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...

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...

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 accou...

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...

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-worl...

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, emphasizi...

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 strategie...

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 th...

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 nee...

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...

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 fo...

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 evol...

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...

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 afford...

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...

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...

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 introduce...

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 earli...