Financial Planners Answer Your Canadian Retirement Questions | Retirement Unpacked Ep 026

Work with our team: https://www.parallelwealth.com/planning

Canadians believe they need $1.7M to retire: https://www.advisor.ca/economy/economic-indicators/canadians-think-they-need-1-7m-to-retire-comfortably/

In episode 26 of Retirement Unpacked, Adam and Brett break down future TFSA contribution limit projections, how OAS clawback can affect withdrawal strategy, whether or not CPP and OAS can cover your no-go phase, how much Canadians believe they need to retire, and a much more.

Later in the episode, one of our planners, Gord Manzer, joins to discuss the prevalence of AI powered financial scams, and what you can do to protect yourself and your loved ones.

Have a question about anything retirement related? Drop a comment, and we’ll try to cover it in a future episode!

If you have any questions about this video’s topic or retirement planning in general, visit https://www.parallelwealth.com/ or use the links below to learn more about our services:

➡️Fee For Service Retirement Planning: https://www.parallelwealth.com/planning
➡️Retirement Income Program™: https://www.parallelwealth.com/invest…
➡️Parallel Wealth Masterclass: https://www.parallelwealth.com/education

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DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes.

The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.

TIMESTAMPS
0:00 Intro
0:17 Future TFSA contribution limit growth
3:54 Cashflow wedge with passive income investing
8:00 In-kind transfer from RRIF to TFSA/non-reg
14:26 Does OAS clawback affect withdrawal strategy?
19:43 Will CPP and OAS cover no-go phase?
25:00 Non-registered vs. universal life policy
33:15 Do you have to start withdrawing from LIF right away?
34:35 Small balance provision for LIFs
42:11 How to avoid tax installments
46:24 AI powered financial scams
59:42 Do you need $1.7M to retire?

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