Show Notes
On episode 50 of Retirement Unpacked, Adam Bornn and Brett Martinson discuss DIY retirement planning software options for Canadians, whether extended health and dental coverage is worth it for retirees, how retiring with two pensions can change withdrawal strategy, and much more. Later in the episode, Gord Manzer joins the show to discuss some of the unique considerations when retiring partway through the year, including income planning, tax planning, capital gains and losses, and preparing for the year ahead. How much cash should you keep in your portfolio?: https://www.moneysense.ca/columns/ask-a-planner/how-much-cash-should-you-keep-in-your-portfolio/
Our free decumulation 101 course: https://www.parallelwealth.com/offers/VzwEVF5b/checkout Work with our team: https://www.parallelwealth.com/planning Chapters: 0:00 Intro 0:24 DIY retirement planning software 4:54 Reducing OAS clawback with form T1213OAS 10:46 Health and dental coverage in retirement: Is it worth it? 17:36 Does reinvesting dividends count as a trade? 20:26 Do you need to convert your entire RRSP to a RRIF? 26:59 How does two pensions change your retirement plan 33:03 Naming younger spouse for your RRIF minimum 37:29 Should you put your tax refund into your TFSA 42:08 What should you do with your investments before passing away? 47:12 How to calculate your CPP dropout years 52:08 Considerations when retiring mid year 56:18 How much cash should you keep in your portfolio?
More from Retirement Unpacked
On episode 58 of Retirement Unpacked, Adam Bornn and Kyle Martins discuss whether withdrawal strategy or asset allocation is more important in retirement, when living trusts can make sense, how singles vs. couples are taxed in retirement and why singles are at a disadvantage, when it makes sense to contribute to an RRSP in retirement, and much more. Later in the episode, Aaron Cramer joins the show to discuss a case study of how the timing and duration of your RRSP meltdown can impact your estate and overall flexibility of your retirement plan.
On episode 57 of Retirement Unpacked, Adam Bornn and Matthew Dennis discuss why we often suggest delaying CPP but not OAS, when you should actually use your income wedge, gifting strategies and which accounts you should consider gifting from, and much more. Later in the episode, Kyle Martins joins the show to discuss some of the planning considerations Canadian retirees need to know as we approach the end of 2026.
On episode 56 of Retirement Unpacked, Adam Bornn and Gord Manzer discuss if there is a minimum RRSP amount needed to delay your CPP to 70, when CPP sharing can make sense, whether you need an income wedge for your entire retirement, how to manage large capital gains in retirement, moving money from your RRIF to your TFSA, and much more. Later in the episode, Peter Filippakis joins the show to discuss some of the nuances around the principal residence exemption, and some scenarios where you are not eligible to claim it.
On episode 55 of Retirement Unpacked, Paul Grenier and Michael Barichello discuss how RRSP tax deductions work, why it could make sense to set up a HELOC before retiring, why people keep working when they can financially retire, if it makes sense to withdraw more from your RRIF to fund your TFSA, and much more. Later in the episode, Martin Goudreault joins the show to discuss a unique tax planning opportunity where a client both contributed to his RRSP and withdrew from his RRIF in this same year leading to about $50,000 in tax savings in their plan. Cost of aging calculator: https://coacalculator.ca/
On episode 54 of Retirement Unpacked, Brett Martinson and Jon Kutney discuss how to utilize additional TFSA contribution room in retirement, how to incorporate dividends into your cashflow (income) wedge, DIY retirement planning software, marginal vs. average tax rates in retirement, in-kind charitable donations, and much more.