The Canadian Money Roadmap

Send us Fan Mail EPISODE SUMMARY This episode deviates from the usual cadence but is timely given the conflict emerging today between Russia and Ukraine.  Evan walks through some thoughts that he shared in an email update to his clients.  ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE Living, and specifically investing, in “uncertain” times  How the stock market has histori...

Send us Fan Mail EPISODE SUMMARY Inflation is the story of the day so in this episode, Jordan Arndt and Evan discuss some possible reasons why inflation is so bad right now and what we can do about it. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE Inflation - how does it happen Slowing down inflation  Central banks and monetary policy  What can we actually do about it as i...

Send us Fan Mail EPISODE SUMMARY Is it possible to have a perfect RRSP strategy?  Well it depends.... In this episode, I'm joined by my colleague, Jordan Arndt, and we discuss the situations where an RRSP can provide the most value to you as a long-term investor. Build your financial plan with Evan ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE RRSP contribution deadli...

Send us Fan Mail EPISODE SUMMARY In this episode, Evan discusses what might be going on in the market when you see headlines mentioning dips, corrections, crashes, or bear markets.  Declines in the market happen more frequently than you’d probably think, so Evan provides tips to successfully navigate declining stock markets. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE De...

Send us Fan Mail EPISODE SUMMARY As we start a new year, today’s episode gives you 5 steps to set up your TFSA in 2022.  A new year means additional contribution room, so this is a perfect time to give this episode a listen! ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE 5 steps to set up your TFSA in 2022 Understanding your objective  Understanding your risk profile and al...

Send us Fan Mail  EPISODE SUMMARY On the podcast today is Andrew Hallam.  Andrew is the acclaimed author of the popular personal finance books Millionaire Teacher and Millionaire Expat , but he joins me today to discuss his latest book as it relates to money and happiness. Andrew’s new book is called Balance:  How to Invest and Spend for Happiness, Health and Wealth and is available on January 18,...

Send us Fan Mail EPISODE SUMMARY In this episode, Evan covers off some rules of thumb for saving for retirement and how to know if you’re on pace.  Evan answers the question of whether you really need $1M to retire. Build your financial plan with Evan ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE How much do you actually need to save for retirement  What impacts your retir...

Send us Fan Mail EPISODE SUMMARY On this episode, Evan provides a framework to think about whether your investments are appropriate for your retirement timeline.  Managing risk might mean you need to make adjustments to your portfolio as you get closer to retirement and throughout your retirement years.  ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE Investment risk and rew...

Send us Fan Mail EPISODE SUMMARY When you're living off your savings instead of relying on employment income, the idea of an emergency fund changes a bit.  Here's a quick episode with what Evan recommends! Continue to follow along through this series by downloading your copy of the retirement readiness checklist below. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISOD...

Send us Fan Mail EPISODE SUMMARY Today’s episode focuses on Old Age Security, another one of the government benefits you may receive.  Evan walks through the basics of OAS, how to qualify, and how much you might receive. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE How OAS works and what it is  How much OAS you could receive  How to qualify for OAS  Items to be aware of,...

Send us Fan Mail EPISODE SUMMARY Today’s episode focuses on the Canada Pension Plan.  As CPP will be a component of your retirement paycheque, Evan walks you through CPP specifics and how much you might receive. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE How CPP works and what it is  CPP funding and contributions How you can find out how much you might receive  Impacts...

Send us Fan Mail EPISODE SUMMARY Spending is easy, but spending with the goal of reducing your lifetime tax bill isn't as straightforward.  In this episode, Evan explains how your different plans (RRSP/RRIF, LIRA/LIF, Non-registered and TFSA) are treated from a tax perspective and how to prioritize your withdrawals to keep more money in your pocket. Grab your copy and follow along with our re...

Send us Fan Mail EPISODE SUMMARY Today’s episode continues our series highlighting the items from my retirement readiness checklist.  Get your copy by downloading the checklist from the link below! Working in retirement is a bit of an oxymoron but many people choose to pick up jobs to supplement their income, stay active or even start a business in a new field entirely! You’ll want to watch out fo...

Send us Fan Mail EPISODE SUMMARY Today’s episode is the first in a series highlighting the items from my retirement readiness checklist.  Get your copy by downloading the checklist from the link below! Having guaranteed income from a pension, annuities or government benefits can be critical to your success in retirement.  These items will form your "income floor,” putting a lower bound on you...

Send us Fan Mail EPISODE SUMMARY Over time your investment portfolio will move along with the market.  Stocks and bonds will move at different speeds and sometimes in different directions.  These investments in your portfolio won’t stay in the perfect split that you want.  To keep your risk profile in check and take advantage of lower prices in other assets, rebalancing is your friend! ✅ DOWNLOAD...

Send us Fan Mail EPISODE SUMMARY Here are a few ideas to help you contribute money to a spousal RRSP in a high tax bracket and withdraw in a low bracket in the future. In the right situation, you can drastically reduce your lifetime tax bill by using a spousal RRSP correctly. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE What a spousal RRSP is  Why you might want to use a...

Send us Fan Mail EPISODE SUMMARY TFSAs are the best way to invest smarter and reduce taxes over the long term.  But you’ll want to be careful of some of these critical pitfalls that can get you into trouble. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE Quick refresh on what a TFSA is and how it works  Explanation of TFSA contribution room and how it accumulates  Overcontr...

Send us Fan Mail EPISODE SUMMARY While some people think that investing is essentially gambling, Evan uses this episode to explain how investing is the opposite of gambling when you have time on your side. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE Evan’s thoughts on taking investing advice from the media  How investing is not the same as gambling How long term investin...

Send us Fan Mail EPISODE SUMMARY Evan and Steven are back to discuss where to invest your stocks and bonds to save as much tax as possible.  If investment income is taxed in different ways (interest vs capital gains vs dividends) and each plan type (RRSP vs TFSA vs Non-Registered) creates taxable income in different ways, you need to have a plan to invest with the goal of reducing taxes over time....

Send us Fan Mail EPISODE SUMMARY When building an investment portfolio, the mix between stocks, bonds, cash and other assets is called Asset Allocation. Steven Guenther, CFP, joins me again to discuss this critical aspect of building an appropriate portfolio you can stick with for the long term. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE Defining various asset classes W...

Send us Fan Mail EPISODE SUMMARY Today’s episode kicks off our summer series focused on the themes of investing smarter and reducing taxes.  Certified Financial Planner, Steven Guenther, joins me again to discuss risk and how to think about it for your investments. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE What is investment risk and how to measure it  Risk of differen...

Send us Fan Mail Thanks for listening to season 2 of the Canadian Money Roadmap! Heres a recap episode of everything we covered on the "Next Steps" season. If you have questions or ideas you'd like to see on future episodes, please send me an email at evan@ennsbaxter.com 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See...

Send us Fan Mail EPISODE SUMMARY How can an average person buy stocks and bonds easily and make sure they are diversified in the process? Mutual funds and ETFs (exchange traded funds) can help! On today’s episode, Evan walks through these two options.  The discussion isn't a recommendation of either or a head to head battle with a winner, but just compares the two investment tools and highlig...

Send us Fan Mail EPISODE SUMMARY Today Evan dives into the investment you have heard of but probably don’t really understand.  Evan provides the basics on bonds and how they might fit into your portfolio. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE What are bonds  How can you make money with bonds  Why should you consider bonds for your portfolio  OTHER EPISODES 17. Inve...

Send us Fan Mail EPISODE SUMMARY On today's episode, Evan will be covering off some of the basics when it comes to investing in stocks.   There are no recommendations or hot stock picks here but just what you need to know before you dive into the world of investing.  ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE Clarify key language used with stock investing  Define w...