The Canadian Money Roadmap

Send us Fan Mail Could the financial strategies that appear flawless on paper be leading us astray in the real world? We're peeling back the layers of investment principles to reveal why some inefficiencies might just be your portfolio's best friends. Taking a page from Morgan Housel's "Same as Ever: A Guide to What Never Changes," we delve into the unexpected virtues of f...

Send us Fan Mail This week I'm joined by Mark McGrath as we dig into segregated funds. These investment vehicles blend mutual funds with insurance and offer unique guarantees but….. the benefits to investors are less clear.  We delve into fees, performance, guarantees and other pros and cons.  We also examine the human side, critiquing sales practices and exploring seg funds in estate plannin...

Send us Fan Mail The stock market has looked great recently! Is it time to take some money off the table? In this episode, I walk you through the considerations you need to make to decide whether it is time to sell or stay the course. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spendin...

Send us Fan Mail This week, I'm tackling a few topics that were popular on Reddit over the last month.  1. What should you use for return assumptions in your planning? 2. Becoming a TFSA multi-millionaire 3. What should be your priority after building your first $100,000 **For a more in-depth look at expected returns, check out the recent  Rational Reminder Podcast episode on the topic 📱 Boo...

Send us Fan Mail In this week's episode we walk through the two phases of your RRSP: accumulation (RRSP) and spending (RRIF).  📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and retirement readiness. Instant feedback and...

Send us Fan Mail If you could split your income with your spouse, there is a pretty good chance you could drastically reduce your tax bill.  In this episode, I show you how that will be possible for you in your retirement years. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  sa...

Send us Fan Mail This episode comes from The Canadian Money Roadmap YouTube channel from a video I posted on March 8 2024. If you want more content like what you find here on the podcast, the YouTube channel is the place for you!  Thanks for listening and watching as always. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you sco...

Send us Fan Mail **I usually keep my episode descriptions pretty minimal but this AI generated description was too flavourful to keep to myself.  Enjoy.** Ever find yourself marveling at grandma's mouthwatering dishes, only to discover her "secret ingredient" was something quite unexpected? That's the essence of my snowy Saskatchewan weekend revelation: the culinary magic of MS...

Send us Fan Mail In this episode I will discuss the ideas of "safe" investments and how risk can be viewed differently depending on your perspective. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and retirement read...

Send us Fan Mail In our conversation we discuss the concepts of the Financial Independence Retire Early (FIRE) movement.  If you're wanting to pursue FIRE for yourself, we go over a few challenges you might run into and things to consider before committing your lifestyle to this goal. Connect with Sam Lichtman, CFP® 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Fi...

Send us Fan Mail Unlock the full potential of your retirement savings with our latest episode, where we unravel  the power of spousal RRSPs.  As the RRSP deadline looms, we delve into strategies that not only prepare you for a stable retirement but also smartly align your savings with your current income bracket to maximize tax benefits. With an eye on the future, we discuss how adjusting your con...

Send us Fan Mail  In this episode I walk you through the benefits of registering for your CRA My Account . It is an incredibly useful tool for understanding your tax situation and finding tax slips all in one place.  I would highly recommend that everyone register for it before you file your taxes this year!  📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foun...

Send us Fan Mail Today, I'm joined by Aravind Sithamparapillai to discuss financial planning for people with variable incomes including sales professionals. Aravind has a wealth of personal experience in this area as a former medical device salesperson so he brings a unique perspective and very practical advice. Connect with Aravind **Aravind is an Associate at Ironwood Wealth Management howe...

Send us Fan Mail Welcome to Part 2 of my exploration of investing at "all time highs". This week, I'm looking into high valuations and what it means for investors nervous about investing when stocks are expensive. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  sa...

Send us Fan Mail Have you ever felt uneasy about investing when the market is nearing all time highs? What if a crash happens or it declines right away? In this episode we look to history to help inform what investors should do in this potentially tricky situation. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the...

Send us Fan Mail I don't like goals... I like processes and systems and rituals that will eventually lead to accomplishing goals. I just call them, Areas of Focus.   In this episode, I will go through my personal areas of focus for my financial life this year. 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the...

Send us Fan Mail In this episode, I explore the Canada Child Benefit (CCB), a tax-free financial support for families. l lead off discussing  who qualifies and how much you can receive before going over how household income affects your CCB.  Finally, I'll provide some strategies to  increase your payments, including the impact of RRSP contributions. 📱 Book an intro call - Cedar Point Pathwa...

Send us Fan Mail Finishing off the year with a few of my top episodes of 2023! Thanks to all of you for being loyal listeners of the podcast.  See you with some new episodes in 2024 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protectio...

Send us Fan Mail Finishing off the year with a few of my top episodes of 2023! Thanks to all of you for being loyal listeners of the podcast.  See you with some new episodes in 2024 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protectio...

Send us Fan Mail Dealing with money topics with a partner can be stressful and particularly stressful for the person who is not the "money person" in the relationship. In this episode, I help outline a way that you can very simply explain your entire money life to your partner without getting into the weeds of technicalities. The high level details of your financial life can fit on a sin...

Send us Fan Mail You might not want to hear it... but here are 7 inconvenient truths about investing:  Low fees won't solve all your financial problems Any long term investment worth owning will go down at some point If you're properly diversified, some part of your portfolio will always be underperforming Someone you know will always have a better performing portfolio than you If you&ap...

Send us Fan Mail In this episode, I'll discuss the new TFSA contribution limit for 2024 and why it might be a good idea to withdraw funds now if you're planning to use them early next year. We'll also look at the First Home Savings Account (FHSA), and the importance of opening this account in the year you wish to use the contribution room. We'll additionally explore the RSP con...

Send us Fan Mail Are you well-armed against the 20 most common investing pitfalls? In this week's episode, I dive into the critical importance of setting reasonable expectations for returns, having clear investment goals, ensuring portfolio diversification, and avoiding the pitfalls of falling into short-term focus. We also shed light on the dangers of excessive trading, the influencing power...

Send us Fan Mail Have you ever struggled with finding the perfect gift for that person in your life who seems to have everything? This week, fellow financial planner Jordan Arndt joins me to propose a unique and meaningful solution: charitable gifts. Our conversation takes us through the concept of Giving Tuesday, showcasing the importance of giving back during the holiday season and the key role...

Send us Fan Mail November is Financial Literacy Month in Canada and this week's episode is dedicated to that! We talk about the importance and benefits of financial literacy and then walk you through a quiz to see where you'd land on the literacy scale. If you need some help with getting rid of some of your financial "I Don't Know's", get started with my Financial Fou...