Retirement Spending, RRSP Deductions & TFSA Strategy | Retirement Unpacked by Parallel Wealth Ep. 2 скачать в хорошем качестве

Retirement Spending, RRSP Deductions & TFSA Strategy | Retirement Unpacked by Parallel Wealth Ep. 2

Adam and Brett dive into some of the most common retirement planning questions from YouTube and client calls. We dig into planning for future care costs, how to think about RRSP deductions you carry forward, mortgage vs TFSA when income is lower, RRSP vs TFSA “levers,” CPP timing when you have a big DB pension, and why “take CPP early and invest it” rarely wins once you model taxes and cash flow. We also touch on gifting or loaning money to adult children, and finish with a practical tip for estimating retirement expenses without a rigid budget. Whether you’re planning ahead or already retired, this episode offers clear, practical insights to help you make informed financial decisions. If you have any questions about this video's topic or retirement planning in general, visit https://www.parallelwealth.com/ or use the links below to learn more about our services: ➡️Fee For Service Retirement Planning: https://www.parallelwealth.com/planning ➡️Retirement Income Program™: https://www.parallelwealth.com/invest... ➡️Parallel Wealth Masterclass: https://www.parallelwealth.com/education More from Parallel Wealth: 🔗https://linktr.ee/parallelwealth The above affiliate links are provided for your convenience. If you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personal vetted each product and service we provide links to. DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes. The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content. ••• Timestamps 00:00 Disclaimer 00:36 Welcome & Overview 01:11 Planning for Future Care Costs 02:48 Issues with Cookie-Cutter Bank Plans 03:52 Balancing Income in Go-Go vs No-Go Years 06:14 Using Home Equity as a Safety Net 07:23 RRSP Contributions Now vs Deducting Later 10:18 Paying Down Mortgage vs Funding TFSA 12:42 RRSP vs TFSA: Key Rules of Thumb 14:40 Income Levels Where RRSPs Start to Make Sense 17:20 CPP Timing with a Large DB Pension 22:21 Myths About Delaying CPP and Estates 24:40 Why “Take CPP Early and Invest It” Often Fails 31:52 Gifting vs Loaning Money to Adult Children 37:25 Budgeting and Estimating Retirement Expenses 41:20 Conclusion