Month: August 2022
An In-Depth Look At Your Canadian Pension Plan (Ep. 53)

An In-Depth Look At Your Canadian Pension Plan (Ep. 53)

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One of the biggest cornerstones to retirement income planning is knowing the Canada Pension Plan (CPP) and what your duties are associated with it. When planning for retirement, many people want to make sure they are setting themselves up for total security in their retirement. 

When it comes to retirement, its common to have questions like how much will you receive as your pension based on your contribution, the process of how much money from your current job is going into your retirement, and many more.

In this episode, Kris Dureau talks about the things you may not know about your retirement, helping you better understand what to look forward to once you decide to take out your pension. 

Kris discusses:

  • The reality of monthly payments once you start taking pension in your retirement
  • The meaning of Yearly Maximum Pensionable Earnings (YMPE) 
  • Your monthly CPP payment estimates and how to find that information
  • Contributing to your CPP while being self-employed
  • Factors that will affect your retirement
  • And more!

Resources:

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3 Ways To Set Expectations Before Sending Your Kids to College (Ep. 52)

3 Ways To Set Expectations Before Sending Your Kids to College (Ep. 52)

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For many parents, there are a number of stressors that come along with sending your child to college. Whether they are leaving their childhood home or commuting to school, preparing yourself for this time will help ease the tension and allow you to offer your children advice for when that time comes. 

In this episode, Kris Dureau talks about the conversations you should be having with your children about finances prior to them leaving for college or university. Unfortunately, children are not taught financial literacy in high school or university, leaving them to figure it out as they make mistakes, which can be avoided with your new expertise in this area. 

Kris discusses:

  • The importance of setting clear expectations for your child before they graduate 
  • The benefits of living in a dorm and experiencing life independently during this age
  • The significance of maintaining good credit during those four years of school
  • Teaching your children to monitor cash flow ins and outs monthly
  • And more!

Resources:

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Celebrating 50 Episodes: Take A Walk Down Memory Lane With Us (Ep. 51)

Celebrating 50 Episodes: Take A Walk Down Memory Lane With Us (Ep. 51)

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The Ride: Life, Work and Wealth has officially been running for 50 episodes. To celebrate, Kris Dureau is going through his top 6 most downloaded episodes, giving you an idea of what each one entails. 

This week, Kris details why each of these releases was such a hit, followed by important takeaways each one had to offer, giving you a crash course on his podcasting journey.

Kris gives an overview of:

  • What you should consider before making a big career decision
  • How to keep the cottage in the family and make sure you are saving on taxes  
  • Insight on when you should take your CPP payment
  • Why it is vital to write your life letters
  • And more!

Resources:

Connect with Kris Dureau:

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