011 | CPP Break-Even, Estate Taxes, & TFSA Income Planning
In this week’s episode of Retirement Unpacked, Adam and Brett answer real retirement questions and unpack topics like evaluating financial products, understanding CPP timing, navigating RRIF taxes, and making informed pension and estate decisions. They break everything down in a clear and practical way that helps you apply the ideas to your own situation.They also walk through viewer scenarios involving TFSA withdrawals, cash wedges, planning timelines, and how different income sources work together once you stop working.DISCLAIMER: This content is for informational and educational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments involve risk, and past performance is not indicative of future results. Any forward-looking statements are based on assumptions and may differ from actual outcomes.Please consult a qualified professional for personalized retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for decisions made based on this content.
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010 | Inheritance Taxes, Life Insurance, & RRIF Withdrawals Explained
In this episode of Retirement Unpacked, Adam and Brett answer real viewer questions on retirement planning. They cover when to defer OAS to reduce taxes, whether a cash wedge actually helps your portfolio, and how to move funds from an RRSP or RRIF into a TFSA.They also discuss CPP while working, health and dental coverage in retirement, DIY investing with a professional plan, using permanent life insurance to cover taxes, and what to do with a $1M inheritance.Have a retirement question? Leave it in the comments – we might cover it in a future episode!
Adam and Brett dive into some of the most misunderstood parts of Canadian retirement planning–RRSP taxes, TFSA rollover mistakes after death, and how to avoid losing your Old Age Security to clawbacks. They also unpack how inflation affects your go-go, slow-go, and no-go years, the right way to track withholding taxes, and why AI tools like ChatGPT still can’t replace a proper financial plan. Whether you’re retired or getting close, this episode is packed with insights to help you keep more of your money, avoid costly tax surprises, and approach retirement with confidence.Got a question for a future episode? Leave it in the comments!Advisor.ca Article: https://www.advisor.ca/partner-content/industry-insights/beneva-industry-insights/how-can-advisors-prepare-young-canadians-to-inherit-wealth/
We’re unpacking nore of the most common retirement questions Canadians face, including when pension income can be split, how RRSP withdrawals should be timed, and whether investing after 60 still makes sense. We look at where TFSAs fit into the mix, how a cash wedge can support peace of mind, and why timing your retirement date can have a bigger impact than you might expect.We also dive into what truly makes a retirement plan effective – from tax efficiency and income flow to the lifestyle shift that happens when work ends. If you’re planning for retirement or already there, this episode will help you make smarter, more confident decisions with the wealth you’ve built.Eligible Pension Income CRA: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/pension-income-splitting/eligible-pension-income.htmlAdvisor.ca Article: https://www.advisor.ca/practice/longevity/how-retirement-coaching-is-redefining-the-future-of-advice/
Adam and Brett from Parallel Wealth tackle more real-life questions from Canadian retirees and soon-to-be retirees. They unpack how to time OAS and CPP for maximum benefit, when a cash wedge still makes sense even with a pension, and how to handle RRIF withdrawals and withholding tax more efficiently.You’ll also hear insights on income splitting, TFSA successor rules, OAS clawbacks, and why proper coordination between accounts can make a major difference in your after-tax retirement income. Whether you’re planning ahead or already retired, this episode breaks down the strategies that create clarity, confidence, and peace of mind in retirement.
Retirement Unpacked is a weekly podcast by Parallel Wealth Financial Group. Our planners break down key retirement topics for Canadians—income strategies, tax planning, CPP, OAS, TFSAs, RRSPs, RRIFs, lifestyle choices, and estate planning. We answer real questions from YouTube, emails, and client conversations, giving you practical insights and strategies to retire with confidence, clarity, and peace of mind.
Join us each week as we unpack retirement together.
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