📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started... Find out more about our Investing Academy here - bit.ly/theinvestingacademy
Can you do both? That'll make a perfect series of retirement investing, because option 2 has to include option1. I have 10-15 years to retirement. Thanks Marc!
@@TwinworldGameReviews Split shares funds are one of the worst investments u can make.. Take a look at how over time the the share price starts off higher and spirals down.. DFN is one such example. They are using more funds for the pay out ratios to keep the dividentd payouts ongoing. Dan the ceo of stocktrades.ca really showcases this and it really opened my eyes to split corps.
@@flow2tech I watch quite a few of the StockTrade videos. They have some decent content. I just recently added a few split share / enhanced dividend stocks to see how they go. I even have a couple covered call etfs, but saw the video that they could actually underperform. I mentioned split share corps as example for getting dividend income. I know a couple investing channels hold a lot of these funds, but I'm not sure if I would chance a huge portfolio % to them.
@@TwinworldGameReviews Ya I mean ,I guess if one built a substantial portfolio first with growth/divs and then moved those gains over time to a more passive income style approach as u got closer to retirement ... That could be an option.
I would definitely appreciate some of this channel dedicated to those near or in retirement. It would be good to show some content targeted at single retirees - almost every channel out there assumes a couple collecting double cpp/oas. There are many single retirees out there.
I would like to hear more on both 1 and 2. I'm 58 years old and plan on retiring at 65. Not much time left and pretty scary to think about not working. Just started into the stock market this year and plan to sock away as much as I can tax free. At 65 I will sell my house and invest the proceeds. Any advice you have will be much appreciated. Thank for doing the series.
If you plan your retirement income will be lower than working, then max RRSP, then TFSA. Invest in low fee index ETF ( balanced with US, Canadian, international and bond), let it grow. Make sure to add funds monthly or quarterly for dollar cost average.
Thank you, Marc for tackling finance for older folks. It's definitely lacking on UA-cam. That said, I've been enjoying all of your channel's content, whether it pertains to my situation or not. Bravo!
Start with option 2, how much we need for retirement, which may scare half of us. 😀Then option 1 to give some breathing room. I'm aproaching 40 and have only been learning about investing for 4 months. I'm just now starting to seriously think about how I'm going to fund retirement. Your channel is pure gold for a guy like me.
I feel like you are talking directly to me Marc, Just turning 45 and absolutely need you to do a comprehensive outline or series talking about government systems and benefits that will (Hopefully) be available for me. I am pretty much ignorant to this , just starting to learn now so yes please help!
As a 23 year old, I am telling you Mark, that this type of videos on topics like Retirement planning is not just interesting to the older demographics but also for some people of my age....Its good to at least think about retirement from a financial perspective as you mentioned, so that we are better prepared and the journey is smoother....I hope you make more detailed videos of finances in retirement particularly in Canada cuz I am going to watch all of them....As a bonus, I promise to smash the like button for all of them....😅😅
Thanks for the video. My husband and I are in our mid forties and looking to retire in 10 years. Option 2 would be great for us. Please consider how a defined pension fits in. Thanks again and we appreciate your in depth content in ALL of your videos.
Would love to hear more on both subjects. I'm 51 with a group rrsp that I didn't take advantage of so it's only around $16,000. Just started investing independent of that rrsp via tfsa investment account as well, lot's of contribution room available. Content geared at beginner investors in their 50's with no home equity (don't own, rent by choice) and little savings but also no debt would interest me greatly. Love the channel, keep it up!
Hi Linda, just a quick pointer. In your Group RRSP make sure to see what your invested in. Contact whoever is taking care of your GRRSP and see what it is invested in. The reason why I’m saying this is because if it’s like my company they give you so many investments that you can pick on your own. If you don’t choose your own it automatically goes into what they chose for you. A few years back it went automatically into a money market fund which doesn’t make very much money. Now it goes into something they developed according to your age and when you would retire. Many people are not told enough about the company GRRSPs (and other group investment opportunities).
Absolutely interested. My retirement is 5-8 years away and I've only started getting information on this, so my interest is Option 1. Thanks for this info.
Yes, if you can please discuss government benefits and in-depth discussion on how much do we need in retirement and how would we be able to achieve that, when in your 40’s or 50’s.
Excellent content, I personally prefer option 2. Also would like to know for example how a 1,000,000 in dividend paying portfolio with a somewhat safe and sustainable yield would look like. Thank you and keep up the good work.
Thank you for this topic. I am just few years from retirement. I would like to get more insight into adjustment investment and optimizing withdrawal and allocation strategy when approaching and into retirement.
Thank you Marc. Can you do both options, please? And even more options :))) I'm 55 and I would like to learn anything about retirement and how to do it smartly. I have been watching your channel for three years now. This is the best and most intelligent channel about investing.
Great video! Personally, I'd like to see both option 1 and 2. Option 1 for learning purposes and option 2 just to give us an overall idea of how much we should expect to have at the minimum.
That's a big thing for those wanting to retire. If they have any kind of bad debt, they'll want to pay it off first. Last thing someone wants is debt payments taking away part of their fixed income each month.
Excellent content! Thanks Marc. I am 5-10 years from retiring and would like to learn more about investing. Would be interested in videos on both 2nd and first topic.
Thanks Marc!! I've said it before, but it truly means a lot to know you take the community's comments to heart and tailor your content accordingly. Excellent message and lesson as always, even for us Americans. :) I'm absolutely interested in a retirement planning series of videos, specifically 'how much I need to retire' since I think that will benefit Canadians, American's and others around the world alike. Cheers my friend...
This video is absolutely fabulous. You are hitting on many issues that people in the 40 to 60 age group are thinking about or should be thinking about. In my 30 years of providing tax advice as an accountant there is one thing that keeps coming up - how to transition from asset accumulation to providing cash flow for retirement and also dealing with the psychology of seeing your assets decline through retirement. Many people struggle with this. Keep up the great work.
Thanks for starting this series. We are interested in withdrawal strategies to minimize tax in retirement if you have non-registered accounts, TFSA, RRSP and LIRA accounts. This would probably tie into Option 1.
I strongly vote for option 1. When I try to figure these things out on my own, my head starts spinning, even though I have a degree in economics... And since many Canadians are immigrants, it would be nice to talk about those year limits too, 10 yrs, 20 yrs etc....
Nice work, Marc. More than a bit ironic how the decades have now gone by and retirement looms. Even as pros in this business, I have always felt (and still do) that this is one of the most difficult questions to answer. Maybe consider adding into the mix that the majority now don’t have Defined Benefit Pension Plans where they get paid a regular amount and typically indexed to inflation but rather Defined Contribution Plans (RRSPs, etc.) which require them to manage those decisions themselves. Great video.
Great content! I will be retiring next year and I would like to know how much I can withdraw every year from my RRSP without having to pay taxes. I have heard of something called the bucket system where you take out a certain percent per year and let the rest grow. A show on this would be very informative.
I'd like both options, I'm 31, I don't know anything about the benefits available, but I know enough people with debt in retirement to know that I should start planning now to avoid that situation.
50 here and I am in US. I really love these topics and am always love watching your videos!! I love your perspective about retirement and am pleasantly surprised to hear that it is very different from main medias' one. Your perspective makes so much more sense to me and I obsolutely agree. I am so happy that you joined the channel!! Thank you!!!❤️❤️❤️❤️ Excited to learn a lot from you!!!
Hi ! I just discover your channel and it's very interesting. I like your subject and for me I prefer the second option but you can do both ! I just turn 52 this year so the timing is right. Keep on the good work !
A very candid and Zero BS advise who certainly has experience on the subject. Greatly appreciated. Biggest shocker for Salaried folks is the out of pocket tax that you now have to pay as you start withdrawing from RRSP / RRIF etc. Thanks.
I would love to see retirement videos on Government benefits and if there are differences for people that are self employed or employees. I just started investing, 34yrs old, self employed (independent contractor) No kids and married. Thank you!
I just turned 27 but even I'm super excited to get the chance to learn about retirement. Thanks as always Marc for educating us through your knowledge and experience - it's a privilege. Keep it up, and my vote for the next video would be Option #1. Take care.
Hi Marc, could you please consider tackling both options? I believe knowing the Government's plans is helpful for ANYONE! On the other hand, it would be nice to hear your opinion on the "psychology of money" regarding how much money we need to retire. Cheers!
Marc, for me neither topic is top priority. I would love a video on what to put in a retirement portfolio right now from scratch to retire in 5 years or under
A 'how much would I need' video would be beneficial. I have always felt what you describe about the spending curve during retirement, ie more spending in the beginning with a downward trend towards the middle to end. I was looking for a RIF type calculator where this could be factored in because every calculator I have seen just creates a flat annual spending. I have just discovered the channel, very impressed to have a solid Canadian resource!
Option 2, plus factoring folks who may carry a mortgage into retirement, since housing is so $$$. Most retirement guides assume mortgage would be paid off prior to retirement.
I think both options, as option 1 directly impacts option 2. Could you do a variation of salaries? Does the 70% apply the same to an income of 40K, 60K and 100K? Just my thoughts, keep the content coming, this is some great information.
Hi Mark, The content is nicely done and I believe it just the tip of the iceberg for retirement planning. I would like to see you explaining option 1 in a series of video. I also believe most of us are not well informed about the benefits to reap from the government pre and post retirement. It would clear a lot of doubts on preparing for retirement.
I just found out that, in general, banks are making more money from mutual funds than the investor. Plan to retire in 5ish years. What can I do with those mutual funds now to maximize the benefits for my future self? I really enjoy your videos and look forward to learning more :)
Definitely more retirement planning content s Please & Thank you ... specifically for those retiring in 5-10 years ... would like to hear more on how much money is required & ways to minimize taxes - Love the Cdn channel / content - Oh, Canada 🇨🇦
Would love to see more videos on Government Benefits related to retirement. We are really enjoying your videos. Your explanations are easy to understand for those of us who are not well versed in the topics you are covering.
Video like this are exactly why I am so happy you have joined your son on the channel. I would prefer learning how much you need for retirement. Although, I'm a few years away, I would love to learn the different amounts singles or couples needs. I would appreciate also learning the different income requirements based on good health, with modest traveling etc or poor health with a person being subjected to pay for a decent long term retirement/nursing homes. I would love if you could cover these multiple scenarios that might come up in retirement and the minimum investment portfolio to satisfy each one.
I would love a video deep diving into government benefits like OAS and CPP because I really don’t know much about it at my age and would love if you broke it down and how I should be thinking about it as I get older r
Mark please discuss further how to get all the government benefits. What will be the cut-off income when you retire to get all those benefits? And how yo transition RRSP to RRIF. Thank you and please make more of these kinds of videos.
Great idea to do a series! Ideas I'd like to see would be : Investing strategies for late starters starting to invest around 30, 40 and 50. And definitely one about OAS and the different provincial problems! Thank you Marc, great video!
Great Video, I would like to hear about both topics. I am 60 this year and anticipating retiring very soon, just afraid I don’t have enough. Would like to know if there is some type of calculator to decide if you should take CPP early & draw from RRSP & LIRA first.
I love your dad! I'm 34 but I started my Retirement Planning just about a year ago. Getting clearer ideas when someone who is more financially literate shares their thoughts! I was literally looking at OAS clawbacks yesterday and I'm like how did you know I needed this video.
I’ve been following the channel and the podcast for the past few months and the content is amazing! Hands down the most helpful channel I have found thus far in understanding the markets. Both options 1 and 2 would be great. I will certainly be sharing this video with my parents who are at this stage in their lives. Hopefully they can join in on the investing academy experience! Awesome stuff guys. Keep it up! Cheers, Devon.
Hi. I’m 51 and I would like to see 2 videos on both options please. I don’t think I will stop working I like to keep busy. And I like Cash and Poker. Thx.
How to handle the sale of a primary residence in retirement (let’s say the retiree decides to rent a place or go into a retirement home)? Tax efficient strategies for where to put that lump sum. Whether it’s better to offload to kids right away vs through the estate (hopefully well down the road).
It would be great to discuss early retirement planning, for example, age 55. How much should we save to bridge between taking advantage of cpp and oas?
Your mini series sounds great. I'm 60 this year and hubby is 59. We are selling a long established business and will be acquiring a sizeable amount of money and retiring next year. Which is our only retirement funds.I think there might be quite a few baby boomers selling business in the coming years. I'd like some advice investing myself through discount brokerages instead of banks.
I'm in my early 40's and I would be interested in tax strategy and optimization of retirement planning. I'm not worried about how much I need to retire, but rather developing the plan for how to retire.
It's all about the taxes and clawbacks. Been retired for 25 years. Structured my net disposable income around pension, interest, dividend, return of capital and capital gains to pay the least taxes for the biggest bang. Yet not sacrificing portfolio and income growth. Hedging inflation.
Yes please, a videos on option 1. Especially in the context of 40s age group with a public sector pension plan (i.e., municipal pension plan in BC). What can we do to now to enhance our pension, and what not to do... etc. Thank you.
Definitely would love some info on pensions as well. Obviously they differ depending on the organization, but wondering if there are maybe some tips or info not commonly known about them in general that we could use to our advantage.
I finished my PhD last year and now looking for jobs after 10yrs is rough. A couple of months ago I realized that if I had spent those 10 yrs working, I'd be now retired and doing my PhD for fun... FML
Option 2. I am about 8 years away from retirement and am really working hard to invest as much as I can to hit goals. But there is not a lot of direct information that gives you a real number to work towards.
Great idea! Love your content; I am many years from retirement... Young people want to learn how to get an edge on this concept as well! What are the different variables to consider?
One of the best videos to talk about retirement in Canada, thank you. I have just subscribed to your channel. My personal preference for the the options mentioned in this video: Do option 1 first to go over the OAS, CPP and GIS Then Option 2 to talk about investments for People already in retirement, 5 to 10 years to retirement and 10 to 20 years to retirement. Thanks.
Hmmm... 1) A little House in the woods. Put those foraging skills I've picked up during covid to use. 2) An RV, park it somewhere in the middle of the woods. 3) A motor yatch. Head south during the winters, and come back north when its warm again. Will have to get over my motion sickness first...
Thank you!!! I have been waiting for something like this- great video!!! I would prefer Option 2 , but I would most definitely watch Option 1 as well, as any knowledge is good! I am 47 but I would like to have the ability to retire by 55 should I chose to. I am so confused by how much I need- I have seen all different ways of estimating this number that leads to such a wide range of estimates that it has been completely unhelpful and just stresses me out. You are like a breath of fresh air- I love yours and Brandons videos!!!
I wanted to pick 1 then you brought up 2. To be honest I'd like both but how much do i need to retire would be my first choice. So happy to see this being covered here. You and Brandon are really filling a gap with your coverage here in Canada. Thank you both.
Option 2. Im exmilitary , 54 and , while the info on CPP and OAS is helpful, my situation is unique to me as is, I would assume, everyone's situation. Always concerned about how much is " enough" so seeing a good end goal and working backwards plugging in revenue streams seems to be the best.
📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started... Find out more about our Investing Academy here - bit.ly/theinvestingacademy
Option 2.
I am in my 40s would be interested to get info on investhing for the next 15years.
Thanks!
I need enough to get the heck out of Canada every winter 😂
I will go back to living in Brazil all together, hahaha!
Self employed Carpenter here....and same! When I was doing rough framing during the polar vortex in -30 I decided I’m gonna be a snow bird
Honestly! I hate the winter
Right! I love Canada but I want to live somewhere else for 5-6 months each years
I hate winter too & would love to spend winter in the South!
Can you do both? That'll make a perfect series of retirement investing, because option 2 has to include option1. I have 10-15 years to retirement. Thanks Marc!
Option 3?: Retirement planning: How you can maximize government benefit while not losing Cash Flow!
I second this! Show us how to plan for retirement while leverage tax benefits!
@@TwinworldGameReviews Split shares funds are one of the worst investments u can make.. Take a look at how over time the the share price starts off higher and spirals down.. DFN is one such example. They are using more funds for the pay out ratios to keep the dividentd payouts ongoing. Dan the ceo of stocktrades.ca really showcases this and it really opened my eyes to split corps.
@@flow2tech I watch quite a few of the StockTrade videos. They have some decent content. I just recently added a few split share / enhanced dividend stocks to see how they go. I even have a couple covered call etfs, but saw the video that they could actually underperform.
I mentioned split share corps as example for getting dividend income. I know a couple investing channels hold a lot of these funds, but I'm not sure if I would chance a huge portfolio % to them.
@@TwinworldGameReviews Ya I mean ,I guess if one built a substantial portfolio first with growth/divs and then moved those gains over time to a more passive income style approach as u got closer to retirement ... That could be an option.
I would definitely appreciate some of this channel dedicated to those near or in retirement. It would be good to show some content targeted at single retirees - almost every channel out there assumes a couple collecting double cpp/oas. There are many single retirees out there.
Thanks for mentioning the single aspect, Saj. Most coverage assumes couples, but that's often not the case. - Marc
Both options would be great, doesn’t matter the order to me. Love the videos
Keep them coming
I would like to hear more on both 1 and 2. I'm 58 years old and plan on retiring at 65. Not much time left and pretty scary to think about not working. Just started into the stock market this year and plan to sock away as much as I can tax free. At 65 I will sell my house and invest the proceeds. Any advice you have will be much appreciated. Thank for doing the series.
I’m the same age and in the same situation.
Same here im 52
If you plan your retirement income will be lower than working, then max RRSP, then TFSA. Invest in low fee index ETF ( balanced with US, Canadian, international and bond), let it grow. Make sure to add funds monthly or quarterly for dollar cost average.
Would love a video on the most tax efficient ways to setup and then withdraw investments during retirement.
Thanks for your suggestion. - Marc
Very relevant to retired people. Looking forward to a presentation on this. Thank you!
Thank you, Marc for tackling finance for older folks. It's definitely lacking on UA-cam. That said, I've been enjoying all of your channel's content, whether it pertains to my situation or not. Bravo!
Option 2. Thank you for providing such great content.
Great content!
Both options please…
Also, if you could make video for someone having 20 years to retire.
Nice work boys. I'm 52 and investing slightly more aggressively to make up for lost time. Semi-retiring in 5 years or less.
Start with option 2, how much we need for retirement, which may scare half of us. 😀Then option 1 to give some breathing room.
I'm aproaching 40 and have only been learning about investing for 4 months. I'm just now starting to seriously think about how I'm going to fund retirement.
Your channel is pure gold for a guy like me.
I feel like you are talking directly to me Marc, Just turning 45 and absolutely need you to do a comprehensive outline or series talking about government systems and benefits that will (Hopefully) be available for me. I am pretty much ignorant to this , just starting to learn now so yes please help!
I’m in the same boat buddy!
Great content.. would really like to hear more regarding Option 2.
i prefer to see both options since i have not really thought deeply about retirement and would love to learn everything i can
As a 23 year old, I am telling you Mark, that this type of videos on topics like Retirement planning is not just interesting to the older demographics but also for some people of my age....Its good to at least think about retirement from a financial perspective as you mentioned, so that we are better prepared and the journey is smoother....I hope you make more detailed videos of finances in retirement particularly in Canada cuz I am going to watch all of them....As a bonus, I promise to smash the like button for all of them....😅😅
As a younger viewer , Option 1 would be great to help my family and to start understanding all these government benefits and acronyms!
Thanks for the video. My husband and I are in our mid forties and looking to retire in 10 years. Option 2 would be great for us. Please consider how a defined pension fits in. Thanks again and we appreciate your in depth content in ALL of your videos.
Would love to hear more on both subjects. I'm 51 with a group rrsp that I didn't take advantage of so it's only around $16,000. Just started investing independent of that rrsp via tfsa investment account as well, lot's of contribution room available. Content geared at beginner investors in their 50's with no home equity (don't own, rent by choice) and little savings but also no debt would interest me greatly. Love the channel, keep it up!
Hi Linda, just a quick pointer. In your Group RRSP make sure to see what your invested in.
Contact whoever is taking care of your GRRSP and see what it is invested in.
The reason why I’m saying this is because if it’s like my company they give you so many investments that you can pick on your own. If you don’t choose your own it automatically goes into what they chose for you. A few years back it went automatically into a money market fund which doesn’t make very much money. Now it goes into something they developed according to your age and when you would retire.
Many people are not told enough about the company GRRSPs (and other group investment opportunities).
Absolutely interested. My retirement is 5-8 years away and I've only started getting information on this, so my interest is Option 1. Thanks for this info.
I’m 59 and interested in anything retirement. How to transition into a fixed income portfolio and how to keep my.investments low-risk.
Yes, if you can please discuss government benefits and in-depth discussion on how much do we need in retirement and how would we be able to achieve that, when in your 40’s or 50’s.
Excellent content, I personally prefer option 2. Also would like to know for example how a 1,000,000 in dividend paying portfolio with a somewhat safe and sustainable yield would look like.
Thank you and keep up the good work.
Yes, option 1 and Option 2 are useful information to know to better prepare for retirement, Thank you so much Marc.
Thank you for this topic. I am just few years from retirement. I would like to get more insight into adjustment investment and optimizing withdrawal and allocation strategy when approaching and into retirement.
Stay tuned for that type of video coming up. Thanks for your suggestion - Marc
I need both! please do both videos!!!! would love to see this mini serie on retirement!!!
Yes more retirement planning videos! I’m not close to retirement but my parents are and I want to be able to help them make the best decision
Would appreciate videos on both your future suggestion. Govt retirement packages, and how much you might need.
Thank you Marc. Can you do both options, please? And even more options :))) I'm 55 and I would like to learn anything about retirement and how to do it smartly. I have been watching your channel for three years now. This is the best and most intelligent channel about investing.
Great video! Personally, I'd like to see both option 1 and 2. Option 1 for learning purposes and option 2 just to give us an overall idea of how much we should expect to have at the minimum.
People definitely don’t anticipate having no house payment. That’s a huge factor.
That's a big thing for those wanting to retire. If they have any kind of bad debt, they'll want to pay it off first. Last thing someone wants is debt payments taking away part of their fixed income each month.
I would like to see videos about both options, but option 2 is of greater interest for me.
Love to hear about option 1. I’m late to investing for retirement and it kinda stresses me out
Excellent content! Thanks Marc. I am 5-10 years from retiring and would like to learn more about investing. Would be interested in videos on both 2nd and first topic.
Thank you Marc. I look forward to that mini series.
Thanks Marc!! I've said it before, but it truly means a lot to know you take the community's comments to heart and tailor your content accordingly. Excellent message and lesson as always, even for us Americans. :) I'm absolutely interested in a retirement planning series of videos, specifically 'how much I need to retire' since I think that will benefit Canadians, American's and others around the world alike. Cheers my friend...
This video is absolutely fabulous. You are hitting on many issues that people in the 40 to 60 age group are thinking about or should be thinking about.
In my 30 years of providing tax advice as an accountant there is one thing that keeps coming up - how to transition from asset accumulation to providing cash flow for retirement and also dealing with the psychology of seeing your assets decline through retirement. Many people struggle with this.
Keep up the great work.
Great suggestions, Brian. Thanks. - Marc
Both! I still have 35 years left and tons of time to build wealth.
Better to get an early start, Joseph, congrats! Will make things way easier down the road. - Marc
Thanks for starting this series. We are interested in withdrawal strategies to minimize tax in retirement if you have non-registered accounts, TFSA, RRSP and LIRA accounts. This would probably tie into Option 1.
I strongly vote for option 1. When I try to figure these things out on my own, my head starts spinning, even though I have a degree in economics... And since many Canadians are immigrants, it would be nice to talk about those year limits too, 10 yrs, 20 yrs etc....
Nice work, Marc. More than a bit ironic how the decades have now gone by and retirement looms. Even as pros in this business, I have always felt (and still do) that this is one of the most difficult questions to answer. Maybe consider adding into the mix that the majority now don’t have Defined Benefit Pension Plans where they get paid a regular amount and typically indexed to inflation but rather Defined Contribution Plans (RRSPs, etc.) which require them to manage those decisions themselves. Great video.
Both option 1 and 2 would be awesome.
Option 1 please. As in detail as you can get! Regardless which option wins, this is awesome!
Great content! I will be retiring next year and I would like to know how much I can withdraw every year from my RRSP without having to pay taxes. I have heard of something called the bucket system where you take out a certain percent per year and let the rest grow. A show on this would be very informative.
I agree and would love to see this information as well.
Try Pension income splitting if possible to get around OAS clawback. Try to drain RRSP to the max before death.
I'd like both options, I'm 31, I don't know anything about the benefits available, but I know enough people with debt in retirement to know that I should start planning now to avoid that situation.
Yes. Go further into what was discussed in this video.
50 here and I am in US. I really love these topics and am always love watching your videos!! I love your perspective about retirement and am pleasantly surprised to hear that it is very different from main medias' one. Your perspective makes so much more sense to me and I obsolutely agree. I am so happy that you joined the channel!! Thank you!!!❤️❤️❤️❤️ Excited to learn a lot from you!!!
Thanks for watching, even thought you're not Canadian! - Marc
Hi ! I just discover your channel and it's very interesting. I like your subject and for me I prefer the second option but you can do both ! I just turn 52 this year so the timing is right. Keep on the good work !
A very candid and Zero BS advise who certainly has experience on the subject. Greatly appreciated. Biggest shocker for Salaried folks is the out of pocket tax that you now have to pay as you start withdrawing from RRSP / RRIF etc. Thanks.
I would love to see retirement videos on Government benefits and if there are differences for people that are self employed or employees. I just started investing, 34yrs old, self employed (independent contractor) No kids and married. Thank you!
Stay tuned Kay! - Marc
I just turned 27 but even I'm super excited to get the chance to learn about retirement. Thanks as always Marc for educating us through your knowledge and experience - it's a privilege. Keep it up, and my vote for the next video would be Option #1. Take care.
Love you videos! Would love to see The topic of what is the best way to make retirement net income as low as possible. Thank you!
Hi Marc, could you please consider tackling both options? I believe knowing the Government's plans is helpful for ANYONE! On the other hand, it would be nice to hear your opinion on the "psychology of money" regarding how much money we need to retire. Cheers!
Strategy on draw down rrsp to minimize tax and converting it into non-registered account.
Marc, for me neither topic is top priority.
I would love a video on what to put in a retirement portfolio right now from scratch to retire in 5 years or under
A 'how much would I need' video would be beneficial. I have always felt what you describe about the spending curve during retirement, ie more spending in the beginning with a downward trend towards the middle to end. I was looking for a RIF type calculator where this could be factored in because every calculator I have seen just creates a flat annual spending.
I have just discovered the channel, very impressed to have a solid Canadian resource!
Option 2, plus factoring folks who may carry a mortgage into retirement, since housing is so $$$. Most retirement guides assume mortgage would be paid off prior to retirement.
I think both options, as option 1 directly impacts option 2. Could you do a variation of salaries? Does the 70% apply the same to an income of 40K, 60K and 100K? Just my thoughts, keep the content coming, this is some great information.
First pls do option 2 and then option 1 please. Love your content Marc. I’m a 32 year old and I want to start planning from now.
Very informative video Dad :) looking forward to the next video 👌👌
Hi Mark,
The content is nicely done and I believe it just the tip of the iceberg for retirement planning. I would like to see you explaining option 1 in a series of video. I also believe most of us are not well informed about the benefits to reap from the government pre and post retirement. It would clear a lot of doubts on preparing for retirement.
I just found out that, in general, banks are making more money from mutual funds than the investor. Plan to retire in 5ish years. What can I do with those mutual funds now to maximize the benefits for my future self?
I really enjoy your videos and look forward to learning more :)
Definitely more retirement planning content s Please & Thank you ... specifically for those retiring in 5-10 years ... would like to hear more on how much money is required & ways to minimize taxes - Love the Cdn channel / content - Oh, Canada 🇨🇦
Love this retirement videos. Can you consider making one on ETF based dividend income for retirement?, please.
Please Sir, I want some more. I want both Option 1 and Option 2. Anything Retirement/finance would be great.
Oliver??? Is that you??? 😁
Thank you for sharing your knowledge! I would appreciate if you make a video (or rather a series of videos) on both options. Thank you!
Damn I need videos on options 1 & 2 even though I'm nowhere near retirement age
Option 1 for sure and an idea for future videos, consider addressing issues that returning expats might face in retirement.
Would love to see more videos on Government Benefits related to retirement. We are really enjoying your videos. Your explanations are easy to understand for those of us who are not well versed in the topics you are covering.
Option 3: All of the above
Video like this are exactly why I am so happy you have joined your son on the channel.
I would prefer learning how much you need for retirement. Although, I'm a few years away, I would love to learn the different amounts singles or couples needs. I would appreciate also learning the different income requirements based on good health, with modest traveling etc or poor health with a person being subjected to pay for a decent long term retirement/nursing homes.
I would love if you could cover these multiple scenarios that might come up in retirement and the minimum investment portfolio to satisfy each one.
Hi Ryan. Thanks for your suggestions. I'm really looking forward to creating these videos. Stay tuned. - Marc
I would love a video deep diving into government benefits like OAS and CPP because I really don’t know much about it at my age and would love if you broke it down and how I should be thinking about it as I get older r
Mark please discuss further how to get all the government benefits. What will be the cut-off income when you retire to get all those benefits? And how yo transition RRSP to RRIF. Thank you and please make more of these kinds of videos.
I would go with both options. Loved the video as always 😊
Yes please. A video on CPP, OAS, GIS, ETC. WOULD BE GREAT!!
Great idea to do a series! Ideas I'd like to see would be : Investing strategies for late starters starting to invest around 30, 40 and 50. And definitely one about OAS and the different provincial problems! Thank you Marc, great video!
Sounds good, and thanks for adding to the discussion - Marc
I’m interested in this as well
Great Video, I would like to hear about both topics. I am 60 this year and anticipating retiring very soon, just afraid I don’t have enough. Would like to know if there is some type of calculator to decide if you should take CPP early & draw from RRSP & LIRA first.
I love your dad! I'm 34 but I started my Retirement Planning just about a year ago. Getting clearer ideas when someone who is more financially literate shares their thoughts! I was literally looking at OAS clawbacks yesterday and I'm like how did you know I needed this video.
I’ve been following the channel and the podcast for the past few months and the content is amazing! Hands down the most helpful channel I have found thus far in understanding the markets. Both options 1 and 2 would be great. I will certainly be sharing this video with my parents who are at this stage in their lives. Hopefully they can join in on the investing academy experience! Awesome stuff guys. Keep it up!
Cheers,
Devon.
Hi. I’m 51 and I would like to see 2 videos on both options please. I don’t think I will stop working I like to keep busy. And I like Cash and Poker. Thx.
Both option 1 and 2 will be very good to get in depth information. Thanks Marc!!
How to handle the sale of a primary residence in retirement (let’s say the retiree decides to rent a place or go into a retirement home)? Tax efficient strategies for where to put that lump sum. Whether it’s better to offload to kids right away vs through the estate (hopefully well down the road).
It would be great to discuss early retirement planning, for example, age 55.
How much should we save to bridge between taking advantage of cpp and oas?
Thanks Ron. Stay tuned. - Marc
@@beaviswealth yes i am 53 looking at retiring at 55
Your mini series sounds great. I'm 60 this year and hubby is 59. We are selling a long established business and will be acquiring a sizeable amount of money and retiring next year. Which is our only retirement funds.I think there might be quite a few baby boomers selling business in the coming years. I'd like some advice investing myself through discount brokerages instead of banks.
Yes, would like to see more of. In-depth video of govt benefits and how much money I need in retirement, both are very important.
I'm in my early 40's and I would be interested in tax strategy and optimization of retirement planning. I'm not worried about how much I need to retire, but rather developing the plan for how to retire.
It's all about the taxes and clawbacks. Been retired for 25 years. Structured my net disposable income around pension, interest, dividend, return of capital and capital gains to pay the least taxes for the biggest bang. Yet not sacrificing portfolio and income growth. Hedging inflation.
Yes please, a videos on option 1. Especially in the context of 40s age group with a public sector pension plan (i.e., municipal pension plan in BC). What can we do to now to enhance our pension, and what not to do... etc. Thank you.
Definitely would love some info on pensions as well. Obviously they differ depending on the organization, but wondering if there are maybe some tips or info not commonly known about them in general that we could use to our advantage.
Haven't even entered the work market yet, as I'm finishing my PhD (hopefully soon lol), but I love getting content giving vision ahead.
Nice what’s your PhD in?
I finished my PhD last year and now looking for jobs after 10yrs is rough. A couple of months ago I realized that if I had spent those 10 yrs working, I'd be now retired and doing my PhD for fun... FML
Option 2. I am about 8 years away from retirement and am really working hard to invest as much as I can to hit goals. But there is not a lot of direct information that gives you a real number to work towards.
Great content. I am three years from retirement. Have a pension. I would love if you devoted a bit of time to this demographic. Thanks.
Great idea! Love your content; I am many years from retirement... Young people want to learn how to get an edge on this concept as well! What are the different variables to consider?
Yes! I would love more info on pensions and savings.
Both options please. These would be really great and helpful. Also a video of how much you can deplete from your funds once you retire. Thanks!
One of the best videos to talk about retirement in Canada, thank you. I have just subscribed to your channel. My personal preference for the the options mentioned in this video: Do option 1 first to go over the OAS, CPP and GIS Then Option 2 to talk about investments for People already in retirement, 5 to 10 years to retirement and 10 to 20 years to retirement. Thanks.
Hmmm...
1) A little House in the woods. Put those foraging skills I've picked up during covid to use.
2) An RV, park it somewhere in the middle of the woods.
3) A motor yatch. Head south during the winters, and come back north when its warm again.
Will have to get over my motion sickness first...
Thank you!!! I have been waiting for something like this- great video!!! I would prefer Option 2 , but I would most definitely watch Option 1 as well, as any knowledge is good! I am 47 but I would like to have the ability to retire by 55 should I chose to. I am so confused by how much I need- I have seen all different ways of estimating this number that leads to such a wide range of estimates that it has been completely unhelpful and just stresses me out. You are like a breath of fresh air- I love yours and Brandons videos!!!
I wanted to pick 1 then you brought up 2. To be honest I'd like both but how much do i need to retire would be my first choice. So happy to see this being covered here. You and Brandon are really filling a gap with your coverage here in Canada. Thank you both.
Option 2. Im exmilitary , 54 and , while the info on CPP and OAS is helpful, my situation is unique to me as is, I would assume, everyone's situation. Always concerned about how much is " enough" so seeing a good end goal and working backwards plugging in revenue streams seems to be the best.