050 | Stop Overcomplicating Your Retirement (Do This Instead)
Notas do episódio
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?