Financial Advisors – Canadian Money Talk

Video: What’s the Best Retirement Withdrawal Strategy?

Using the 4% rule, or with an updated 3.7% #withdrawal #rate in #retirement, what’s the best withdrawal #strategy? You can use #fixed #real withdrawals, which offer the benefit of #simplicity, or #dynamic #strategies, which factor in #portfolio #performance and #spending. The strategy depends on #Market #conditions, #inflation and #lifestyle.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Visit: http://www.canadianmoneytalk.ca
The Investing & Personal Finance Basics course is at https://canadianmoneytalk.ca/investing-personal-finance-basics-course/
The Advanced Investing: Stock Analysis Course is at https://canadianmoneytalk.ca/advanced-investing-stock-analysis-course/

Video: How much can Retirees spend in Retirement

A #Morningstar article from January #2025 describes their latest #studies and #simulations from 2024 about the #sustainable #withdrawals from your #retirement portfolio, and I would like to share the results. Affluent #retirees are #living #longer, and traditional #pensions have declined in prevalence. Meanwhile, many retirees are working well past the traditional retirement age of 65. This video outlines what you need to know about retirement income planning. While there’s no one-size-fits-all plan, the #4% rule has been a popular approach. According to the 2024 data, how much can you spend in retirement so your #portfolio lasts 30 years?

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Video: How to Max out your RRSP contribution

The video discusses the #RRSPGrossup #strategy, a way to maximize #RRSP contributions using a #RRSPloan, #investing to reduce #taxes.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Video: Getting Cashflow: Dividends or Sell Shares?

Let’s #compare and #contrast #dividend-paying #stocks (#value investing) and #growth #investing in #Canada, and determine which is the best for #cashflow and #money coming in. Someone who is in #retirement or in #FIRE would be interested in this. I look at #Pros and #Cons of both, from #taxation, #volatility, #income #stability, #growth, #investor #psychology, #control, #profits, #dividends and their meaning, and #risks.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Video: Dave Ramsey: Why His Advice Isn’t for Everyone

Are you following the #DaveRamsey #financialadvice but feeling like it doesn’t quite fit your situation? In this video, I take a deep dive into Dave Ramsey’s popular personal finance theories and offer a #criticalanalysis of why his #one-size-fits-all #approach might not work for everyone. From his stance on #debt to his #investment #strategies, I challenge some of Ramsey’s key principles and provide #alternative #perspectives to help you find a financial strategy that suits your #unique #needs. I explore the #pros and #cons of Ramsey’s methods and discuss more flexible, modern approaches to managing your money.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Video: Bond Investment Choices for Canadians

The video shows some #bond basics, how #yields, how the #interestrate affects the #bonds, and #suggestions for a #Canadian #investor may want to do. Bonds provide #Stable #Income, #Diversification, and #LowerVolatility. There are #government bonds, #corporate bonds and #highyield or #junk bonds.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Video: Wealth Building Strategies by Net Worth

I walk you through what your main #priorities should be at each #stage of #networth and show you what #changes (and what stays the same) as your #investment #portfolio begins to grow. You have different #priorities at a negative net worth compared to when you’re at over a #million. We look at #mortgages, #debt, #creditcard debt, #studentdebt, living beyond your means and #lifestyle creep, the importance of #insurance, an #emergencyfund, #saving #rate, #interest #rates, using #index #ETFs, #bonds, #privateequity and #realestate. The importance of #financialplanning, #tax #planning and living an appropriate #lifestyle is also mentioned.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Video: Going to In-Person Investing Seminars

I like to go to in-person #Investing #Seminars so I can #learn in-person, talk with #like-minded #people, and maybe pick up a tidbit here and there, and hear different #ideas about #portfolio design. This is the #story of my first #Edmonton investing seminar.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Video: Six Financial Goals to Hit by 60

I review the 6 #financial items you should have handled, or at least thought about, by 60: #retirement number, #AssetAllocation, #TaxPlanning, #Insurance, #retirement #goals and #Government #Pensions.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.

Video: A Canadian Retirement Study

I discuss a May 2024 Harris #Poll on #Canadian #retirement, done on behalf of #EdwardJones. We discuss what the survey found as #keys to #success in retirement, what financial course corrections one can make, like #reducing #debt, #maximizing #savings, following a #plan and a #budget, and getting #financial #education and #Financialadvice. It is important to #testdrive your retirement first if you can, and two-thirds of #Millennials are concerned that their #parents or #in-laws may not have enough money to live comfortably in retirement.

The #CanadianMoneyTalk channel concentrates on #Canadianinvesting and #personalfinance in Canada.