032 | How Is Your CPP Estimate Actually Calculated?

In episode 32 of Retirement Unpacked, Brett and Peter break down fee-for-service vs. ongoing financial planning, the assumptions behind your CPP estimate, how to reduce large capital gains in retirement, renting vs. owning in retirement, probate planning, and more.

Later in the episode, Paul Grenier joins to discuss growing vs. protecting your wealth in retirement, and why striving for more doesn’t necessarily give you greater peace of mind.

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Chapters

0:00 Intro

0:45 Fee-for-service planning vs. ongoing financial planning

6:00 Clarification around CPP estimates

10:19 What Safeguards Exist With Canadian Investment Firms?

17:00 Nominal vs. real dollars

20:36 How to meltdown large capital gain in retirement

25:35 Renting vs. buying a condo in retirement

33:43 Cashflow wedge planning when you have a pension

39:30 Probate planning

44:45 RDSP planning in retirement

50:38 Growing vs. protecting wealth in retirement

59:31 Dangers of chasing higher returns to meet goals