Tag Archives: Portfolio Planning

Preparing For Taxes in Retirement, Part 2 (Ep. 65)

March 8, 2023Finance, Financial, Investing, The Ride Podcast, The Ride: Life Work and WealthFinancial Advisor, financial planner, Green Private Wealth, Income Sources, Kris Dureau, Portfolio Planning, Retirement, Saving Taxes, Savings, Taxestheridelifeworkandwealth

Now that we have a basic understanding of the different sources of income in retirement, we can dive deeper into tax planning strategies. While tax strategies can be complicated at first, they eventually save you money in the long run if you plan correctly.

In this episode, Kris Dureau concludes his two part series on taxes in retirement by reviewing the three D’s of tax planning: Deduct, Divide and Defer. He offers insight into how you can create a strategic plan based on your individual situation alongside your advisor.

Kris discusses:

How retirement income planning may be complicated when first starting
The importance of working alongside an advisor or accountant when portfolio planning with tax saving strategies
The ins and outs of pension splitting
How you can use spousal loans as a strategic form of income splitting
Tax deferral through prescribed annuities
The withdrawal strategies that could minimize taxes
And more

Resources:

Preparing For Taxes in Retirement, Part 1 (Ep. 64)

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Preparing For Taxes in Retirement, Part 1 (Ep. 64)

February 22, 2023Finance, Financial, Investing, The Ride Podcast, The Ride: Life Work and WealthFinancial Advisor, financial planner, Green Private Wealth, Income Sources, Kris Dureau, Portfolio Planning, Retirement, Saving Taxes, Savings, Taxestheridelifeworkandwealth

Taxes can have a much bigger impact on your retirement planning than first assumed. It is important to take a dive into your portfolio and understand how the different sources of income in retirement, government and personal can go into your planning process.

In this episode, Kris Dureau discusses a number of ways you can understand these income sources and plan for the tax implications you might have to deal with these. Through planning ahead, you can set yourself up to retire with ease and have no fear of losing a generous amount of your assets to taxes.

Kris discusses:

Most common types of retirement income and the tax challenges they present
How you can get further in-depth advice based on your personal circumstances
Retirement income basics
The three buckets of retirement income for Canadians and how they all play into your portfolio
And more

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The End of Life Checklist (Ep. 63)

February 8, 2023Coronavirus, COVID - 19, Finance, Financial, Investing, The Ride Podcast, The Ride: Life Work and WealthChildren, Death, Divorce, End of Life, Estate Planning, Green Private Wealth, Kris Dureau, Life Changes, Marriage, Planning, Portfolio Planning, Saving, Transitions, Unexpectedtheridelifeworkandwealth

In our last episode, we sat down with the Caring Hearts Support Network to discuss all things grief and the support they made available for those people going through these tough times.

In this episode, we are going to unpack what you can do to prepare for uncertain times and what exactly should be on your end-of-life checklist. Whether you are creating your own or understanding the details of this plan for a loved one, it is important to understand where all of this information is as well as how you can use it to seamlessly transition into your next stage of life.

Kris discusses:

The importance of communicating to your family members where your will is and when was the last time you updated it
Some important life changes that should encourage you to update your will
How life insurance comes into play during someone’s death (not all life insurance policies are the same)
How you should be picking your power of attorney
The benefits of having a wealth organizer
And more

Resources:

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Year-End Checklist for Your Registered Accounts (Ep. 59)

December 7, 2022Finance, Financial, Investing, The Ride Podcast, The Ride: Life Work and WealthFinancial Advisor, Green Private Wealth, Kris Dureau, Portfolio Planning, RESP, RRIF, Saving Taxes, Savings, TFSA, Three Hats Financialtheridelifeworkandwealth

Before the year comes to a close, there are a number of things you want to consider concerning your registered accounts. These include your RESP, RRSP and RRIF accounts that you might want to pay closer attention to as the year comes to an end so that you can save going into 2023.

In this episode, Kris Dureau discusses what to look out for when investing in a down market and how it can actually benefit some of your accounts depending on your current situation.

Kris explains:

What are Registered Accounts
The importance of having a TFSA
Some considerations for parents whose children just turned 15
Changes you might want to make in your portfolio prior to December 31st
How you can save on taxes this year
And more

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

August 31, 2022Finance, Financial, Investing, The Ride Podcast, The Ride: Life Work and WealthCanadian Pension Plan, CPP, Kris Dureau, Pension Plan, Portfolio Management, Portfolio Planning, Retirement, Three Hats Financialtheridelifeworkandwealth

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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