How To Structure Your Retirement Portfolio (Like A Financial Planner)

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In episode 44 of Retirement Unpacked, Matthew and Gord discuss when you should actually use your cashflow wedge and how to structure it, whether you need RRSP contribution room to unlock a LIRA, if it makes sense to structure your income in a way to qualify for GIS, when non-registered accounts can become a tax problem, and much more.

Later in the episode, Adam and Martin join the episode to discuss the importance for high net worth retirees to shift from wealth building to wealth distribution. They talk about the tax problems that can come from holding too much in taxable accounts, why delaying decisions can lead to larger tax bills later, and how strategies like gifting, charitable giving, and intentional estate planning can help make a bigger impact with your wealth.

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:

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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
0:30 When should you use your cashflow wedge?
5:55 Can you unlock your LIRA if you have no RRSP contribution room?
8:08 Do spousal RRSP contributions use my contribution room?
10:12 Should you structure your income to qualify for GIS?
15:22 Can you unlock a LIRA more than once?
19:22 What happens to locked-in accounts when a spouse dies?
21:52 How should a cashflow wedge be structured?
25:48 Selling a rental property and OAS clawback implications
29:56 Should couples retirement plan together?
33:57 When non-registered accounts become a tax problem
40:41 Shifting from wealth building to wealth distribution (case study)
46:26 The smith manoeuvre in retirement: Keep it or unwind it?

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