Thanks for watching! Don't forget I have a webinar coming up in 5 DAYS! How to supercharge your saving in 2023! www.eventbrite.ca/e/how-to-supercharge-your-wealth-in-2023-in-canada-registration-514388859927
Thomas..I believe you would get more subs if you did not have background music. Many people such as myself can not listen to videos with background music due to sensory issues and adhd.
with the 4% rule, remember to subtract your other income such as CPP and OAS to get what you need in a RRIF. So if you delayed CPP to 70, the example would be changed to needing $850,000 in RRIF to require comfortably. And if you owned your own home, that number is smaller because you can sell and downsize or take a loan against it. And if you have other savings, use these prior to taking CPP So the dollars needed to retire comfortably is not so large, most canadians retire successfully with a smaller retirement portfolio. Deferring CPP and OAS will lessen longevity risk- CPP will never go downm unlike the market-
Precisely correct T. The #1 wealth producer is your income. #2 is how much you save. Live to impress yourself, not others. The new symbol of wealth is no debt. Not a shiny BMW the bank owns and lets you rent for a high interest producing fee.
Thanks for watching!
Don't forget I have a webinar coming up in 5 DAYS!
How to supercharge your saving in 2023!
www.eventbrite.ca/e/how-to-supercharge-your-wealth-in-2023-in-canada-registration-514388859927
Are all the 100 spots gone?
@@outlander1969 not yet. You can use the link above to reg
@@ThomasCChan I did but it's asking for payment
@@outlander1969 correct. It's $5 dollar to reg. 🙂
@@ThomasCChan I think it should be free
Could I have the link please.
Hi Martha. Sorry we just finished.
Next time 😃
Thank you!
Thank you!
Thomas..I believe you would get more subs if you did not have background music. Many people such as myself can not listen to videos with background music due to sensory issues and adhd.
For sure Breezy! I already cut the volume down.
I guess I have to remove it completely
@@ThomasCChan Truly grateful!!! I love the content but the sensory issues are just to difficult.
with the 4% rule, remember to subtract your other income such as CPP and OAS to get what you need in a RRIF. So if you delayed CPP to 70, the example would be changed to needing $850,000 in RRIF to require comfortably. And if you owned your own home, that number is smaller because you can sell and downsize or take a loan against it. And if you have other savings, use these prior to taking CPP
So the dollars needed to retire comfortably is not so large, most canadians retire successfully with a smaller retirement portfolio.
Deferring CPP and OAS will lessen longevity risk- CPP will never go downm unlike the market-
Hi Richard,
Thanks for filling in.
How about how to transfer wealth in tax efficient manner
Hi vic. Yes. That's part of the tax risk. Which I forgot to add in!
Thank for reminding me!
Poor Health in retirement? You’re F’d.
The amount of retirement savings is immediately useless.
Correct. That's why the longestivy and qualify of health is important
Precisely correct T.
The #1 wealth producer is your income. #2 is how much you save.
Live to impress yourself, not others. The new symbol of wealth is no debt. Not a shiny BMW the bank owns and lets you rent for a high interest producing fee.