📈📚 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
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.
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!
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!
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.
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....😅😅
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).
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.
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...
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 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.
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 !
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!!!
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.
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.
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 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.
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.
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.
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.
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....
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.
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.
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.
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 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.
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.
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 🇨🇦
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 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!
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!
Option 2 please! I’m 42, Canadian, looking to retire at 55 and this is the video I’ve been searching for! Great content and presentation, clear and to the point. Thanks!
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.
@@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.
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!
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 very much for doing this series. I'm 47 and learning as much as I can about retirement planning. Please continue to do more of these videos. They are sooo helpful!
Thanks, Evelyn. Hope you've been able to catch the two most recent videos in this series, out over the past couple of weeks. Thanks for watching, and for taking the time to comment. - Marc
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.
Enjoyed the intro, looking forward to more "later-in-life" content (personally late 40s and planning for my retirement, as well as managing retired parent finances).
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.
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
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.
Great content Marc! I love the idea to have like a mini series about all the contents involving retirement! That way you can reach young investors that are concerned about retirement already and older investors too!
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 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
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.
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.
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 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.
If you’re doing a mini-series Marc, all the options you mentioned. Having just retired myself, I think you touched on many subjects, OAS, CPP, how much do I “really” need based on normal living, etc. I think you bring a great perspective to the channel and appreciate all you and Brandon do. Thank you.
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!!!
📈📚 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
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
Option 2.
I am in my 40s would be interested to get info on investhing for the next 15years.
Thanks!
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!
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!
Both options would be great, doesn’t matter the order to me. Love the videos
Keep them coming
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!
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.
i prefer to see both options since i have not really thought deeply about retirement and would love to learn everything i can
Great content.. would really like to hear more regarding Option 2.
Option 2. Thank you for providing such great content.
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....😅😅
Great content!
Both options please…
Also, if you could make video for someone having 20 years to retire.
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).
Yes, option 1 and Option 2 are useful information to know to better prepare for retirement, Thank you so much Marc.
I need both! please do both videos!!!! would love to see this mini serie on 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.
Nice work boys. I'm 52 and investing slightly more aggressively to make up for lost time. Semi-retiring in 5 years or less.
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...
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
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!
As a younger viewer , Option 1 would be great to help my family and to start understanding all these government benefits and acronyms!
Thank you Marc. I look forward to that mini series.
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.
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 !
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
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 would like to see videos about both options, but option 2 is of greater interest for me.
Option 1 please. As in detail as you can get! Regardless which option wins, this is awesome!
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
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
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.
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
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.
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.
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.
Love to hear about option 1. I’m late to investing for retirement and it kinda stresses me out
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!
Try Pension income splitting if possible to get around OAS clawback. Try to drain RRSP to the max before death.
I would go with both options. Loved the video as always 😊
Would appreciate videos on both your future suggestion. Govt retirement packages, and how much you might need.
Both option 1 and 2 will be very good to get in depth information. Thanks Marc!!
Yes. Go further into what was discussed in this video.
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!
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.
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....
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.
Great video. Option 2 first and then Option 1 after.
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.
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.
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 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.
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.
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 🇨🇦
yes please Mark, making a video of both of these options would be very much appreciated , you are doing a great job !!
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.
I love your clear and concise communication. Please do both but more excited about option 1.
Yes please. A video on CPP, OAS, GIS, ETC. WOULD BE GREAT!!
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!
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
Option 2 please!
I’m 42, Canadian, looking to retire at 55 and this is the video I’ve been searching for! Great content and presentation, clear and to the point. Thanks!
Thanks for your vote, Darcy. Hopefully I'll be able to provide you with some ideas, with 13 years to go! - Marc
Hi Marc, Option 1 sounds goods. Seems like there's a lot of option 2 videos out there already. Thanks!
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.
Your vlog is very informative, so thank you!! Please provide content that’s geared to soon retirees.
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.
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!
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 very much for doing this series. I'm 47 and learning as much as I can about retirement planning. Please continue to do more of these videos. They are sooo helpful!
Thanks, Evelyn. Hope you've been able to catch the two most recent videos in this series, out over the past couple of weeks. Thanks for watching, and for taking the time to comment. - Marc
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
Very informative video Dad :) looking forward to the next video 👌👌
Enjoyed the intro, looking forward to more "later-in-life" content (personally late 40s and planning for my retirement, as well as managing retired parent finances).
Fabulous content Marc. I'd like to see Option 1 followed by Option 2. A big thumbs up from me. Cheers.
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.
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.
Option 2 if possible. Thank you for sharing. Great info.
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!
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
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.
Love these video's as I am 53! - I would like to see more of both - the government benefits more but also how much I will need for retirement.
Great content Marc! I love the idea to have like a mini series about all the contents involving retirement! That way you can reach young investors that are concerned about retirement already and older investors too!
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.
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
Yes please!!! More of this type of video help us understand government benefits. Thanks!
Great video! For the next video I would like option 1, thanks!
All options would be great to get some videos on. Thanks for the work you guys put into your videos!
Yes, both options. Thank you!
I love this topic! I am 17 yrs away from my retirement. Thank you!
i like the new series i would be interested in hearing and learning more
I would like boths options explained. Thank you, for your informative videos.
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.
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.
Yes, yes, and yes to all those subjects you mentioned please. I'd love more information on government provided retirement benefits. Thanks
Option 1 would be great 👍.
Thanks again. Great videos.
I love the idea of your video series and will eagerly watch them all! Option 2 seems like a good place to start. Thanks for sharing your knowledge.
both options sound good. Please continue with the series.
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 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.
If you’re doing a mini-series Marc, all the options you mentioned. Having just retired myself, I think you touched on many subjects, OAS, CPP, how much do I “really” need based on normal living, etc. I think you bring a great perspective to the channel and appreciate all you and Brandon do. Thank you.
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!!!