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Didn't you mean Walter and Skyler? ...Mr White?

Thank you for the information. One topic that never gets discussed in any video related to RRSP to RRIF conversion from my searches on CZcams, an idea for a future video and possibly you could explain this. Assume you have seven stocks in your RRIF that pay dividends with a yearly yield of 20K and you have requested the institution pay a monthly amount of $2K per month = 24K per year. Where does the additional 4K per year come from, who decides which stocks need to be sold to fund the additional 4K? Is the expectation that the individual has to track this and sell a certain stock to make up for the shortfall or does the institution decide on behalf of the individual which stocks get sold? Also, im not sure you are aware but your web-site under "fees" a message comes up with "page not found"??

Great content, I love your videos. Just a quick comment about taking CPP early. I understand how the payout is reduced by .6%/month prior to age 65, but isn't there also the benefit of not having to pay into CPP between ages 60-65. The Net Difference would be less than the .6%/month, or am I missing something? Thanks again!

Typical over complicated video and over complicated advisor who just wants to make money. I dare say that having in excess of 900,000 in retirement saving that exclude home equity is very much in the minority . It would also provide much more that 7500 a month . If one does have a mish mash as he calls it , you likely need half of what he is saying salted away and invested wisely will pay you the 7500. I know it does for us

This is a clear explanation. Thanks.

What about if you throw bitcoin into the mix ? No one who has held bitcoin for the 4 year cycle has ever lost any money. In fact if you price property in bitcoin everything gets cheaper every four years. How ? because bitcoin unlike the pound is fixed in its supply and the purchasing power gets stronger every four years. For example a house you want to buy today will be cheaper in four years in bitcoin terms. This is why all the leading asset managers are buying and holding bitcoin. Even business are adopting bitcoin to gain competitive advantage. Why and How ? Lets say cashback for example. If you were to offer a customer 5% cashback and give it to them in bitcoin instead of pounds the cashback to them would increaes in value in four years. Hence the 5 pounds given to them in bitcoin would probably be worth 15 to twenty pound in four years. Am I selling bitcoin ? No I just teach other entrepreneures how it works. No spamming or emails. Just some food for thought. You can subscribe to my channel if you wish to learn about bitcoin, Thats it. Tony.

Just noticed that the chart at time 11:21 adds up to 216%. just wondering how you can have 216% of respondents? answers are they going back for 2 responses?

Hello Well Built Health. Will this 0.6% loss going to affect people who collect CCP DISABILITY ? Does the disability protect them from the 0.6% loss ?

I pray that the Liberals do not get re-elected, in a short 8 years they have destroyed our retirement dream.

Hey Rhys, Loved your video...I'm Impressed with your content and must really say that you post amazing stuff...I was wondering if you need a video editor who can edit your videos and extract shorts out of them...This can elevate your content to next level and help audience to engage more...Let me know ✌✌

Thank you for video, I don't get what to accepted from Gouv.

Ditto on fixing your teeth! I'm remineralizing my teeth with a new toothpaste - act as your own dentist. You can do it, trust me the dentists are all scamming everyone thinking you need em.

Expectations for Retirement Life are .. 99% exaggerated by Financial 'people' pushing for Their Own advantages. Reality is that once Retired .. unless Soo unfortunate as to enter retirement with Debt loads... One needs FAR less income/ coin to live great lives ... than when one was 'Saving' for retirement.

There is nothing From this lying bastard.

I'm told you can not collect until 70 years of age

Don't forget we have Trudeau/Libera/Libral/ NDP govt which makes a good retirement just a dream for many Canadians,

Good points. However, "the budget will balance itself". ;-) When incompetent idiots make decisions, the results are never good.

BULLSHIT!!!

BULLSHIT!!!

BullSHIT!!!

My mum became residence of Canada in 2014. She stayed in China from Nov 2018 to December 2019 to take care of my grandparents. It is now 2024, does she qualify for OAS? Or does she need to wait 13 months to apply for OAS? - Thank you!

Do you have an update on the change in old age where the government changed it to 67.? Just wondering!

Take a flying you now what. I never got a penny

Why can't we pensioners get a $500.00 visa card to spend every month and the Government pay for it. It is true that refuges get a visa card that they could spend $500.00 which is paid by this Government? Is there a truth about that.

I’ve been a Royal Bank customer for 40 years and have just recently moved most of my/our deposits and investments elsewhere. Daily banking is now being done at a credit union. We just walked in the other day and bought a GIC. No appointment. Wow. You have to wait days just to open an account at a chartered bank. The bank made many times more than I ever did on my deposits over the years. I’m done and wish I had the common sense to get out sooner.

Love your videos. Would like to see an example of regular salaries under 100k with minimum TFSA around 50k with only 150k in RRSP. Most people won’t qualify for maximum CPP

Delaying CPP from 60 to 70 is the equivalent of an 8.2% return for those 10 years. Combined with drawing down RRSP in your earlier years (where you are more likely to enjoy your money), CPP helps manage longevity risk while allowing you to live your life earlier in retirement. If you have an history of early death in your family or have no saving, then taking CPP at 60 could make sense, otherwise it really does not help your overall retirement to do so.

Can you do a scenario A couple drawing on CPP OAS and GIS already at 60 years old because of losing jobs needing cash flow and were not big income earners. Now retired. No other pensions. Some Rrsps, tsfa, non reg, No other debts. Own home. Best tax withdrawals strategies.

18 years old...umm I work when I was 16 and i started paying into CPP.

That's the gross amount James, after taxes, the pensions are significantly less.

Excellent! Thank you

Would love a video on your thoughts about taking out life insurance so your estate taxes would be paid especially if you both died together in an accident in the first 10 years of retirement.

How much do you charge to do my plan for me? I am retired now actually at 57. I have my budget done up. I have no debts. I would love to have my planned on at the moment. I’m going to get my money out of the bank because of the fees and I’m going on my own. I own my own home fully paid. My monthly expenses are extremely low. He recently widowed I received my husband CPP 700.

I WISH !!!!! JMH in Nova Scotia. JMH

1900 ..... that does not even pay the rent nowadays!

Hi, just subscribed and really enjoy the way you explain your information. I will be booking a call to see if we are a fit.

Im just 10 yrs living here and Canada and I'm so thankful for this information that you share cause it helps us what to do, thank you

Retired at 62 but waited till 65 to collect CPP. Since I paid in the max for 42 years, I figured I would get the max at 65 of 1364.60 but for some reason I was told I will get 22 dollars less then max. Did not paying in to CPP between 62 to 65 affect my number.

I'm surprised that New 🇳🇿 Zealand and Canada 🇨🇦, have reached an agreement(?)..... .

My grandfather and grandmother passed at 66 and my Mom passed at 66. I truly have no confidence that there will be any CPP when I retire. The Liberals will make sure of that.

What do you think of Investors Group? Are they better than the banks?

Thank you for what you do.Good work. Question: What happens if you take the CPP and OAS at 65 and you still work full time and still pay CPP until 70's. No house. Some RRSP and TFSA? can you say what is good/wrong? Please and Thank you

This week the personal "advisor" at our bank told us that you couldn't open a RRIF before you turn 71. And that you couldn't open a RRIF without having an RRSP first.

Thank you for your high quality and educational videos ! They are focused and easy to understand. I am glad to learn them now waaaaay before my planned retirement.

Thanks man! Appreciated! Living in Costa Rica at 63, getting very close to all this complexity! Thanks!

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Great video. If you apply the 4% rule, why would you be left with almost zero principal if the theory that the market will generate at least 4% in yearly returns?

just discovered your videos last few days. i like them. you're doing a good job. re the Andex Chart. would like to see those returns inflation adjusted for the 60's-80's they will look wildly different. stocks, bonds didn't bottom until 1982 on an inflation adjusted basis. important to look at alternative investments during this period. commodities/gold, oil, etc even real estate did better than stocks/bonds.

Love these videos.

I am looking forward to bidding you-know-who adieu next week!