In this episode of Retirement Unpacked, Adam Bornn and Brett Martinson tackle a variety of retirement-related questions, focusing on strategies for managing income, taxes, and investments in retirement. They discuss the implications of OAS clawback, the importance of RRSP contributions, and the nuances of withdrawing from RRSPs and TFSAs. The conversation also covers RRSP drawdown strategies, CPP dropout rules, and what strong financial planning deliverables should actually include.Parallel Wealth planner, Matthew Dennis, joins the episode to discuss a common real-life challenge when couples have different spending goals and visions for retirement and how to navigate those conversations so both spouses feel heard and aligned.Access Free Decumulation 101 VideosDISCLAIMER: This content is for informational and educational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments involve risk, and past performance is not indicative of future results. Any forward-looking statements are based on assumptions and may differ from actual outcomes.Please consult a qualified professional for personalized retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for decisions made based on this content.Chapters00:00 Intro and Overview00:22 Is OAS Clawback a Good Problem04:29 When RRSP Contributions Don’t Make Sense07:25 Melting Down a Large RRSP11:03 Are All in One ETFs Safe14:34 Talking to Parents About Beneficiaries19:57 TFSA Withdrawals and Attribution22:35 CPP Dropout Rate Explained24:53 Reducing RRIF Tax at Death27:49 What Good Financial Plan Deliverables Include34:49 High Income and Large RRIFs38:39 Banks Ignoring Successor Forms41:16 Spousal RRSP Contributions44:16 Understanding Client Goals in Financial Planning48:59 Year End Account Opening and Deadlines51:40: Wrap-up

Ver todos los episodios