Retirement Unpacked

In episode 35 of Retirement Unpacked, Brett and Jon break down RRIF successor annuitant vs. beneficiary designations, if it makes sense to do an RRSP meltdown if you have a large RRIF,TFSA, and non-registered account, whether or not you can contribute to CPP after you retire, how to determine the jurisdiction of your pension and much more.
Later in the episode, Gord Manzer joins to discuss the importance of organizing your financial world before you pass away, so your loved ones aren't left searching for documents, passwords, accounts, and other important financial details during an already difficult time.
Chapters0:00 Intro0:12 RRIF successor annuitant vs. beneficiary​4:41 Why meltdown a large RRSP?​11:10 Income splitting tax implications​16:13 RRSP matching while withdrawing from RRIF​20:18 Can you pay into CPP after retiring?​23:04 How does principal residence exemption work?​28:42 What is crystallization?​34:12 How to determine jurisdiction of a pension​39:33 Organizing your financial world before death​46:24 Importance of saving outside of your RRSP

In episode 34 of Retirement Unpacked, Michael and Paul discuss when it doesn’t make sense to delay your CPP and OAS, strategies to reduce taxes both during your lifetime and at death, estate planning considerations for blended families, and much more.
Later in the episode, Martin Goudreault joins to discuss why the shift from saving to spending can be challenging, and shares practical steps to help make that transition easier.
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Chapters
0:00 Intro
0:33 When should you start CPP & OAS early?
3:40 How to pay less tax while alive
6:26 When is the my CRA TFSA number accurate?
8:57 How to avoid large tax on estate
12:50 Should you use whole life insurance to cover estate taxes?
16:05 Does an RRSP meltdown make sense at the highest tax bracket?
18:44 Why do I still owe taxes?
21:43 How to minimize estate taxes with RRIF drawdown
24:09 Should you draw more out of RRIF to income split?
26:30 Estate planning with a blended family
31:07 How to transition from a saver to a spender
40:43 Helping the next generation save in an FHSA

In episode 33 of Retirement Unpacked, Matthew and Kyle break down your options for large lump sums later in life, whether or not it makes sense to convert your RRSP before you retire, what rate of return you should use in your plan, how to coordinate RRSP and TFSA withdrawals from 60 to 65, and much more.

Later in the episode, Mathieu Huneault joins to discuss a unique situation where it could make sense to contribute to a spousal RRSP if you're over 71.
Subscribe to our clips YouTube channel: https://www.youtube.com/channel/UCwY3ZvNc_qCU-WuIKh-aulA

0:00 Intro
0:36 What to do with large lump sums later in life
7:45 Should I convert my RRSP before I retire?
11:40 What rate of return should I use in my plan?
16:20 Retirement planning with a holding company
20:32 In-kind donations with donor advised funds
24:34 Foreign pension planning
28:03 Planning around a small spousal RRSP and large RRSP
32:14 RRSP & TFSA withdrawals from 60 to 65
36:11 How to avoid tax installments
42:06 Cashflow wedge needed with a defined benefit plan?
45:46 Contributions to spousal RRSP after 71
51:38 How is the pension jurisdiction set?

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

In episode 31 of Retirement Unpacked, Adam and Gord  break down if it makes sense to delay your OAS, what happens to CPP if you retire early, the pros and cons of renting vs. holding onto your house in retirement, when income splitting is beneficial, and much more.
Later in the episode, Peter Filippakis joins us to discuss what future changes to OAS could look like and how you can plan ahead if those changes are a concern.
 
Subscribe to our clips YouTube channel: https://www.youtube.com/channel/UCwY3ZvNc_qCU-WuIKh-aulA
Chapters
0:00 Intro
0:24 Does it make sense to delay OAS?
3:20 Delaying OAS when you've lived in Canada less than 40 years
5:00 Retiring at 55, what happens to CPP?
8:41 Delaying CPP is pushing me into OAS Clawback
11:53 Renting vs. holding onto the house in retirement
15:36 Should you pay cash for cars?
19:00 When is income splitting beneficial?
21:59 Do you need insurance to cover your debt?
25:00 Trigger to use your cashflow wedge
28:30 Potential changes to OAS
35:09 - Upsizing in retirement