Retirement Unpacked

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.

Chapters
0:00 Intro
0:18 Why delay CPP but not OAS?
3:08 When should you use your income wedge?
8:34 Should you ever live off your TFSA in retirement?
15:11 Gifting money from your TFSA vs. non-registered
18:11 CPP timing when you expect to receive an inheritance
22:13 Can you protect an inheritance from a divorce?
24:35 LIRAs vs. annuities: What is better?
28:49 Does Parallel Wealth support blended families?
30:33 Considerations when gifting money
37:55 Planning considerations for year end
41:10 When does CPP sharing make sense?

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.
 
Chapters
0:00 Intro
0:18 Delaying CPP: Is there a minimum RRSP amount needed?
3:48 Can you have OAS withheld at source to avoid instalments?
7:09 Does CPP sharing make sense?
11:09 CPP survivor benefit: What happens if you delay CPP to 70?
13:14 Income splitting to avoid OAS clawback
17:50 Do you need an income wedge for your entire retirement?
20:59 How to manage large capital gains in retirement
25:39 How selling propery affects OAS clawback
30:32 Does it ever make sense to defer a HOOPP pension?
33:26 Moving money from your RRIF to your TFSA
36:33 The Nuances of the principal residence exemption
41:35 When should you actually use your income wedge?

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/
 
Chapters
0:00 Intro
0:26 How does the RRSP tax deduction work?
3:21 Should you set up a HELOC for retirement?
7:18 Why do people keep working when they can retire?
9:44 Healthcare planning in retirement
14:59 Should you withdraw more from RRIF to fund TFSA?
19:03 Can leftover RESP funds be used for your grandkids?
23:14 Should you delay OAS if you have clawback?
26:22 Should I convert my LIRA now that I'm 55?
30:58 A unique RRSP/RRIF planning strategy
35:39 Should you utilize unused RRSP room in retirement?
40:51 If you're already 70+, do retirement plans have value?

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.

Later in the episode, Mathieu Huneault joins the show to discuss tax planning strategies for those with non-registered accounts with large unrealized capital gains. Brett and Mathieu go over how using available RRSP contribution room can help manage the tax impact of those gains.

Wealth transfer article: https://www.wealthprofessional.ca/news/industry-news/wealth-transfer-timing-why-waiting-is-the-costliest-mistake-families-make/393369
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
0:32 Contributing to your TFSA in retirement
4:28 Are dividends a part of your income wedge?
10:12 DIY retirement planning software
17:10 Marginal vs. average tax rate in retirement
22:51 How to calculate value of property
27:32 What does self insuring in retirement look like?
35:14 Living trusts for an adult disabled child
41:09 In-kind charitable donations
47:37 CPP splitting after a divorce
51:58 Deferring your DB pension
57:52 How do alternative investments fit into income wedge?

On episode 53 of Retirement Unpacked, Adam Bornn and Martin Goudreault discuss when you should convert your RRSP to a RRIF if you're retiring in 2027, whether or not you need a cashflow wedge in your TFSA, converting to a RRIF vs. just withdrawing from your RRSP, tax implications when gifting money to your kids, planning considerations when you love your job, and much more.

Later in the episode, Peter Filippakis joins the show to discuss the importance of stress testing your retirement plan, while also avoiding analysis paralysis and letting fear ruin your plan.
 
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 Retiring in 2027: When should I convert my RRSP?
3:58 Do I need a cash wedge in my TFSA?
6:08 Common law planning considerations
8:46 Delaying OAS when you don't have 40 years in Canada
11:04 Why move money from a RRIF back to an RRSP
14:07 Converting to a RRIF vs. just withdrawing from RRSP
17:05 Gifting money from your non-registered to your kids
22:11 Moving money from your RRIF to your non-registered
24:34 Don't overcomplicate your retirement
30:28 When do annuities make sense?
37:59 Planning considerations when you love your job
43:03 Stress testing your retirement plan
47:59 How to find a trusted financial planner