📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started... Find out more about our Investing Academy here - bit.ly/theinvestingacademy
@pixelino
3 жыл бұрын
Thank you, Marc for tackling finance for older folks. It's definitely lacking on KZitem. That said, I've been enjoying all of your channel's content, whether it pertains to my situation or not. Bravo!
@sarar941
3 жыл бұрын
I would definitely appreciate some of this channel dedicated to those near or in retirement. It would be good to show some content targeted at single retirees - almost every channel out there assumes a couple collecting double cpp/oas. There are many single retirees out there.
@beaviswealth
3 жыл бұрын
Thanks for mentioning the single aspect, Saj. Most coverage assumes couples, but that's often not the case. - Marc
@Pennybrookeify
3 жыл бұрын
I need enough to get the heck out of Canada every winter 😂
@ctcamara
3 жыл бұрын
I will go back to living in Brazil all together, hahaha!
@diveintothesky00
3 жыл бұрын
Self employed Carpenter here....and same! When I was doing rough framing during the polar vortex in -30 I decided I’m gonna be a snow bird
@Lehjet
3 жыл бұрын
Honestly! I hate the winter
@ladiiyb
3 жыл бұрын
Right! I love Canada but I want to live somewhere else for 5-6 months each years
@eagerbeever22
3 жыл бұрын
I hate winter too & would love to spend winter in the South!
@propriospecinspectionenbat5444
3 жыл бұрын
Option 2. I am in my 40s would be interested to get info on investhing for the next 15years. Thanks!
@crisramos1832
3 жыл бұрын
Great content.. would really like to hear more regarding Option 2.
@jussumgai3103
3 жыл бұрын
Would love a video on the most tax efficient ways to setup and then withdraw investments during retirement.
@beaviswealth
3 жыл бұрын
Thanks for your suggestion. - Marc
@normaconte3404
3 жыл бұрын
Very relevant to retired people. Looking forward to a presentation on this. Thank you!
@fernyang2540
3 жыл бұрын
Can you do both? That'll make a perfect series of retirement investing, because option 2 has to include option1. I have 10-15 years to retirement. Thanks Marc!
@anjrud4941
3 жыл бұрын
Thanks for the video. My husband and I are in our mid forties and looking to retire in 10 years. Option 2 would be great for us. Please consider how a defined pension fits in. Thanks again and we appreciate your in depth content in ALL of your videos.
@sachinnarkhede4410
3 жыл бұрын
Great content! Both options please… Also, if you could make video for someone having 20 years to retire.
@jimmyl6847
3 жыл бұрын
i prefer to see both options since i have not really thought deeply about retirement and would love to learn everything i can
@lindaboxall1141
3 жыл бұрын
Would love to hear more on both subjects. I'm 51 with a group rrsp that I didn't take advantage of so it's only around $16,000. Just started investing independent of that rrsp via tfsa investment account as well, lot's of contribution room available. Content geared at beginner investors in their 50's with no home equity (don't own, rent by choice) and little savings but also no debt would interest me greatly. Love the channel, keep it up!
@missyb96
3 жыл бұрын
Hi Linda, just a quick pointer. In your Group RRSP make sure to see what your invested in. Contact whoever is taking care of your GRRSP and see what it is invested in. The reason why I’m saying this is because if it’s like my company they give you so many investments that you can pick on your own. If you don’t choose your own it automatically goes into what they chose for you. A few years back it went automatically into a money market fund which doesn’t make very much money. Now it goes into something they developed according to your age and when you would retire. Many people are not told enough about the company GRRSPs (and other group investment opportunities).
@33svetlana
3 жыл бұрын
Thank you Marc. Can you do both options, please? And even more options :))) I'm 55 and I would like to learn anything about retirement and how to do it smartly. I have been watching your channel for three years now. This is the best and most intelligent channel about investing.
@pizz104
3 жыл бұрын
Both options would be great, doesn’t matter the order to me. Love the videos Keep them coming
@LAOM3423
3 жыл бұрын
Option 2. Thank you for providing such great content.
@gordonc8930
3 жыл бұрын
I need both! please do both videos!!!! would love to see this mini serie on retirement!!!
@web3tel
3 жыл бұрын
Thank you for this topic. I am just few years from retirement. I would like to get more insight into adjustment investment and optimizing withdrawal and allocation strategy when approaching and into retirement.
@beaviswealth
3 жыл бұрын
Stay tuned for that type of video coming up. Thanks for your suggestion - Marc
@Bosu0
3 жыл бұрын
Yes, option 1 and Option 2 are useful information to know to better prepare for retirement, Thank you so much Marc.
@jeffwhite38
3 жыл бұрын
I would like to hear more on both 1 and 2. I'm 58 years old and plan on retiring at 65. Not much time left and pretty scary to think about not working. Just started into the stock market this year and plan to sock away as much as I can tax free. At 65 I will sell my house and invest the proceeds. Any advice you have will be much appreciated. Thank for doing the series.
@RateMyRestaurantYEG
3 жыл бұрын
I’m the same age and in the same situation.
@hexxlaxx2992
3 жыл бұрын
Same here im 52
@freedomlife3623
2 жыл бұрын
If you plan your retirement income will be lower than working, then max RRSP, then TFSA. Invest in low fee index ETF ( balanced with US, Canadian, international and bond), let it grow. Make sure to add funds monthly or quarterly for dollar cost average.
@richardg8135
3 жыл бұрын
Hi ! I just discover your channel and it's very interesting. I like your subject and for me I prefer the second option but you can do both ! I just turn 52 this year so the timing is right. Keep on the good work !
@scottscriticalmass
3 жыл бұрын
Thanks Marc!! I've said it before, but it truly means a lot to know you take the community's comments to heart and tailor your content accordingly. Excellent message and lesson as always, even for us Americans. :) I'm absolutely interested in a retirement planning series of videos, specifically 'how much I need to retire' since I think that will benefit Canadians, American's and others around the world alike. Cheers my friend...
@tirthpatel4246
3 жыл бұрын
As a 23 year old, I am telling you Mark, that this type of videos on topics like Retirement planning is not just interesting to the older demographics but also for some people of my age....Its good to at least think about retirement from a financial perspective as you mentioned, so that we are better prepared and the journey is smoother....I hope you make more detailed videos of finances in retirement particularly in Canada cuz I am going to watch all of them....As a bonus, I promise to smash the like button for all of them....😅😅
@Groundedrootshealing
3 жыл бұрын
I feel like you are talking directly to me Marc, Just turning 45 and absolutely need you to do a comprehensive outline or series talking about government systems and benefits that will (Hopefully) be available for me. I am pretty much ignorant to this , just starting to learn now so yes please help!
@FooTech1976
3 жыл бұрын
I’m in the same boat buddy!
@annehenderson7911
3 жыл бұрын
Thank you Marc. I look forward to that mini series.
@canadiandividendgrowthinve3213
3 жыл бұрын
Very informative video Dad :) looking forward to the next video 👌👌
@johnmailey943
3 жыл бұрын
I’m 59 and interested in anything retirement. How to transition into a fixed income portfolio and how to keep my.investments low-risk.
@annej
3 жыл бұрын
I would like to see videos about both options, but option 2 is of greater interest for me.
@jasonrudik1876
3 жыл бұрын
Would appreciate videos on both your future suggestion. Govt retirement packages, and how much you might need.
@Kimmyyy
3 жыл бұрын
Yes more retirement planning videos! I’m not close to retirement but my parents are and I want to be able to help them make the best decision
@whitted2799
3 жыл бұрын
Yes, if you can please discuss government benefits and in-depth discussion on how much do we need in retirement and how would we be able to achieve that, when in your 40’s or 50’s.
@AaDd-xp1bw
3 жыл бұрын
Option 3?: Retirement planning: How you can maximize government benefit while not losing Cash Flow!
@brady2308
3 жыл бұрын
I second this! Show us how to plan for retirement while leverage tax benefits!
@flow2tech
3 жыл бұрын
@@TwinworldGameReviews Split shares funds are one of the worst investments u can make.. Take a look at how over time the the share price starts off higher and spirals down.. DFN is one such example. They are using more funds for the pay out ratios to keep the dividentd payouts ongoing. Dan the ceo of stocktrades.ca really showcases this and it really opened my eyes to split corps.
@TwinworldGameReviews
3 жыл бұрын
@@flow2tech I watch quite a few of the StockTrade videos. They have some decent content. I just recently added a few split share / enhanced dividend stocks to see how they go. I even have a couple covered call etfs, but saw the video that they could actually underperform. I mentioned split share corps as example for getting dividend income. I know a couple investing channels hold a lot of these funds, but I'm not sure if I would chance a huge portfolio % to them.
@flow2tech
3 жыл бұрын
@@TwinworldGameReviews Ya I mean ,I guess if one built a substantial portfolio first with growth/divs and then moved those gains over time to a more passive income style approach as u got closer to retirement ... That could be an option.
@Dachamfer3041
3 жыл бұрын
Nice work boys. I'm 52 and investing slightly more aggressively to make up for lost time. Semi-retiring in 5 years or less.
@ronbatt756
3 жыл бұрын
Yes. Go further into what was discussed in this video.
@Syn_Slater
3 жыл бұрын
Start with option 2, how much we need for retirement, which may scare half of us. 😀Then option 1 to give some breathing room. I'm aproaching 40 and have only been learning about investing for 4 months. I'm just now starting to seriously think about how I'm going to fund retirement. Your channel is pure gold for a guy like me.
@Reina623
3 жыл бұрын
Absolutely interested. My retirement is 5-8 years away and I've only started getting information on this, so my interest is Option 1. Thanks for this info.
@Rocky-sw6dk
3 жыл бұрын
Great content! I will be retiring next year and I would like to know how much I can withdraw every year from my RRSP without having to pay taxes. I have heard of something called the bucket system where you take out a certain percent per year and let the rest grow. A show on this would be very informative.
@missyb96
3 жыл бұрын
I agree and would love to see this information as well.
@montecrist
3 жыл бұрын
Hi Marc, could you please consider tackling both options? I believe knowing the Government's plans is helpful for ANYONE! On the other hand, it would be nice to hear your opinion on the "psychology of money" regarding how much money we need to retire. Cheers!
@blueoceanmedia522
3 жыл бұрын
Excellent content, I personally prefer option 2. Also would like to know for example how a 1,000,000 in dividend paying portfolio with a somewhat safe and sustainable yield would look like. Thank you and keep up the good work.
@biomolecologo
3 жыл бұрын
Option 1 please. As in detail as you can get! Regardless which option wins, this is awesome!
@eldesdicado5307
3 жыл бұрын
Thank you for sharing your knowledge! I would appreciate if you make a video (or rather a series of videos) on both options. Thank you!
@Blessing927NJ
3 жыл бұрын
50 here and I am in US. I really love these topics and am always love watching your videos!! I love your perspective about retirement and am pleasantly surprised to hear that it is very different from main medias' one. Your perspective makes so much more sense to me and I obsolutely agree. I am so happy that you joined the channel!! Thank you!!!❤️❤️❤️❤️ Excited to learn a lot from you!!!
@beaviswealth
3 жыл бұрын
Thanks for watching, even thought you're not Canadian! - Marc
@ajaysinghrathore51
3 жыл бұрын
Both option 1 and 2 will be very good to get in depth information. Thanks Marc!!
@marcusslade9804
3 жыл бұрын
Nice work, Marc. More than a bit ironic how the decades have now gone by and retirement looms. Even as pros in this business, I have always felt (and still do) that this is one of the most difficult questions to answer. Maybe consider adding into the mix that the majority now don’t have Defined Benefit Pension Plans where they get paid a regular amount and typically indexed to inflation but rather Defined Contribution Plans (RRSPs, etc.) which require them to manage those decisions themselves. Great video.
@brianwightman2455
3 жыл бұрын
This video is absolutely fabulous. You are hitting on many issues that people in the 40 to 60 age group are thinking about or should be thinking about. In my 30 years of providing tax advice as an accountant there is one thing that keeps coming up - how to transition from asset accumulation to providing cash flow for retirement and also dealing with the psychology of seeing your assets decline through retirement. Many people struggle with this. Keep up the great work.
@beaviswealth
3 жыл бұрын
Great suggestions, Brian. Thanks. - Marc
@pwong0227
3 жыл бұрын
Try Pension income splitting if possible to get around OAS clawback. Try to drain RRSP to the max before death.
@tapasya911
3 жыл бұрын
First pls do option 2 and then option 1 please. Love your content Marc. I’m a 32 year old and I want to start planning from now.
@danielaudrea8186
3 жыл бұрын
Excellent content! Thanks Marc. I am 5-10 years from retiring and would like to learn more about investing. Would be interested in videos on both 2nd and first topic.
@davek2193
3 жыл бұрын
Love to hear about option 1. I’m late to investing for retirement and it kinda stresses me out
@devondoyle1433
3 жыл бұрын
I’ve been following the channel and the podcast for the past few months and the content is amazing! Hands down the most helpful channel I have found thus far in understanding the markets. Both options 1 and 2 would be great. I will certainly be sharing this video with my parents who are at this stage in their lives. Hopefully they can join in on the investing academy experience! Awesome stuff guys. Keep it up! Cheers, Devon.
@sololeo908
3 жыл бұрын
Great video! Personally, I'd like to see both option 1 and 2. Option 1 for learning purposes and option 2 just to give us an overall idea of how much we should expect to have at the minimum.
@boomer100ish
3 жыл бұрын
Great Video, I would like to hear about both topics. I am 60 this year and anticipating retiring very soon, just afraid I don’t have enough. Would like to know if there is some type of calculator to decide if you should take CPP early & draw from RRSP & LIRA first.
@Slimshady316
3 жыл бұрын
I would go with both options. Loved the video as always 😊
@shannonwilliams2739
3 жыл бұрын
As a younger viewer , Option 1 would be great to help my family and to start understanding all these government benefits and acronyms!
@Archie2060
3 жыл бұрын
Hi Mark, The content is nicely done and I believe it just the tip of the iceberg for retirement planning. I would like to see you explaining option 1 in a series of video. I also believe most of us are not well informed about the benefits to reap from the government pre and post retirement. It would clear a lot of doubts on preparing for retirement.
@neuftm
3 жыл бұрын
I think both options, as option 1 directly impacts option 2. Could you do a variation of salaries? Does the 70% apply the same to an income of 40K, 60K and 100K? Just my thoughts, keep the content coming, this is some great information.
@josephmunro7768
3 жыл бұрын
Both! I still have 35 years left and tons of time to build wealth.
@beaviswealth
3 жыл бұрын
Better to get an early start, Joseph, congrats! Will make things way easier down the road. - Marc
@mauricehoo2762
3 жыл бұрын
Thanks for starting this series. We are interested in withdrawal strategies to minimize tax in retirement if you have non-registered accounts, TFSA, RRSP and LIRA accounts. This would probably tie into Option 1.
@QuangNguyen-ck3gp
3 жыл бұрын
Hi Marc, Option 1 sounds goods. Seems like there's a lot of option 2 videos out there already. Thanks!
@somanet5322
3 жыл бұрын
A very candid and Zero BS advise who certainly has experience on the subject. Greatly appreciated. Biggest shocker for Salaried folks is the out of pocket tax that you now have to pay as you start withdrawing from RRSP / RRIF etc. Thanks.
@RyanThomasWoods
3 жыл бұрын
I would love a video deep diving into government benefits like OAS and CPP because I really don’t know much about it at my age and would love if you broke it down and how I should be thinking about it as I get older r
@papytofu3796
3 жыл бұрын
Great idea to do a series! Ideas I'd like to see would be : Investing strategies for late starters starting to invest around 30, 40 and 50. And definitely one about OAS and the different provincial problems! Thank you Marc, great video!
@beaviswealth
3 жыл бұрын
Sounds good, and thanks for adding to the discussion - Marc
@evadeanu1
3 жыл бұрын
I’m interested in this as well
@vtheb1299
3 жыл бұрын
I strongly vote for option 1. When I try to figure these things out on my own, my head starts spinning, even though I have a degree in economics... And since many Canadians are immigrants, it would be nice to talk about those year limits too, 10 yrs, 20 yrs etc....
@Elaine-hr9ps
3 жыл бұрын
Both options please. These would be really great and helpful. Also a video of how much you can deplete from your funds once you retire. Thanks!
@alissandrasweeney289
3 жыл бұрын
I'd like both options, I'm 31, I don't know anything about the benefits available, but I know enough people with debt in retirement to know that I should start planning now to avoid that situation.
@ralfic6417
3 жыл бұрын
yes please Mark, making a video of both of these options would be very much appreciated , you are doing a great job !!
@CaseyBurnsInvesting
3 жыл бұрын
People definitely don’t anticipate having no house payment. That’s a huge factor.
@TwinworldGameReviews
3 жыл бұрын
That's a big thing for those wanting to retire. If they have any kind of bad debt, they'll want to pay it off first. Last thing someone wants is debt payments taking away part of their fixed income each month.
@taraparis1069
3 жыл бұрын
Definitely more retirement planning content s Please & Thank you ... specifically for those retiring in 5-10 years ... would like to hear more on how much money is required & ways to minimize taxes - Love the Cdn channel / content - Oh, Canada 🇨🇦
@AaDd-xp1bw
3 жыл бұрын
I love your dad! I'm 34 but I started my Retirement Planning just about a year ago. Getting clearer ideas when someone who is more financially literate shares their thoughts! I was literally looking at OAS clawbacks yesterday and I'm like how did you know I needed this video.
@adityakumarravikanti836
3 жыл бұрын
I love your clear and concise communication. Please do both but more excited about option 1.
@kevint6652
3 жыл бұрын
Great video. Option 2 first and then Option 1 after.
@doublep7950
3 жыл бұрын
Your vlog is very informative, so thank you!! Please provide content that’s geared to soon retirees.
@siuleung3997
3 жыл бұрын
One of the best videos to talk about retirement in Canada, thank you. I have just subscribed to your channel. My personal preference for the the options mentioned in this video: Do option 1 first to go over the OAS, CPP and GIS Then Option 2 to talk about investments for People already in retirement, 5 to 10 years to retirement and 10 to 20 years to retirement. Thanks.
@lintonmeyer
3 жыл бұрын
Fabulous content Marc. I'd like to see Option 1 followed by Option 2. A big thumbs up from me. Cheers.
@peterrandall7979
3 жыл бұрын
A 'how much would I need' video would be beneficial. I have always felt what you describe about the spending curve during retirement, ie more spending in the beginning with a downward trend towards the middle to end. I was looking for a RIF type calculator where this could be factored in because every calculator I have seen just creates a flat annual spending. I have just discovered the channel, very impressed to have a solid Canadian resource!
@holdenputman2240
3 жыл бұрын
i like the new series i would be interested in hearing and learning more
@alexandremurphybaraby1877
3 жыл бұрын
Yes for the mini-series. Could you eventually cover and talk about LIRA accounts? And on a side-note, thoughts on covered call ETF as a dividend investment.
@kohliamar
3 жыл бұрын
Yes please. A video on CPP, OAS, GIS, ETC. WOULD BE GREAT!!
@stellabrassard5800
3 жыл бұрын
Enjoyed the intro, looking forward to more "later-in-life" content (personally late 40s and planning for my retirement, as well as managing retired parent finances).
@michellejohn2918
3 жыл бұрын
Thank you!!! I have been waiting for something like this- great video!!! I would prefer Option 2 , but I would most definitely watch Option 1 as well, as any knowledge is good! I am 47 but I would like to have the ability to retire by 55 should I chose to. I am so confused by how much I need- I have seen all different ways of estimating this number that leads to such a wide range of estimates that it has been completely unhelpful and just stresses me out. You are like a breath of fresh air- I love yours and Brandons videos!!!
@cathylaurin3815
2 жыл бұрын
Would love to see more videos on Government Benefits related to retirement. We are really enjoying your videos. Your explanations are easy to understand for those of us who are not well versed in the topics you are covering.
@johngaddye3502
3 жыл бұрын
How to handle the sale of a primary residence in retirement (let’s say the retiree decides to rent a place or go into a retirement home)? Tax efficient strategies for where to put that lump sum. Whether it’s better to offload to kids right away vs through the estate (hopefully well down the road).
@tharsisbastos9499
3 жыл бұрын
Great content Marc! I love the idea to have like a mini series about all the contents involving retirement! That way you can reach young investors that are concerned about retirement already and older investors too!
@BrianMerryPhotography
3 жыл бұрын
I'd like to see both options in your next video. But, option 2 is more interesting to me. How much will I need in retirement.
@johnkastelic8339
3 жыл бұрын
If you’re doing a mini-series Marc, all the options you mentioned. Having just retired myself, I think you touched on many subjects, OAS, CPP, how much do I “really” need based on normal living, etc. I think you bring a great perspective to the channel and appreciate all you and Brandon do. Thank you.
@thereeds7267
3 жыл бұрын
All options would be great to get some videos on. Thanks for the work you guys put into your videos!
@abubakarimtiaz2199
3 жыл бұрын
Thanks Marc, frankly speaking since you joined the channel, I wait more for your video's verses Brandon's :). I would love to see more details on option 2. I am in my early 40's and I am targeting to retire at 55.
@carolynkingdon5139
3 жыл бұрын
I love the idea of your video series and will eagerly watch them all! Option 2 seems like a good place to start. Thanks for sharing your knowledge.
@sshivamtrivedi5631
3 жыл бұрын
Love this introductory video. I would definitely love to gain some knowledge about both Options 1 & 2, especially from an experienced investor like yourself.
@niklawrence6991
3 жыл бұрын
Fantastic video! Would love to hear more about both options, looking forward to it. Thank you for taking the time to make these great videos!
@georgethomas7724
Жыл бұрын
Yes, would like to see more of. In-depth video of govt benefits and how much money I need in retirement, both are very important.
@ryanm7171
3 жыл бұрын
Video like this are exactly why I am so happy you have joined your son on the channel. I would prefer learning how much you need for retirement. Although, I'm a few years away, I would love to learn the different amounts singles or couples needs. I would appreciate also learning the different income requirements based on good health, with modest traveling etc or poor health with a person being subjected to pay for a decent long term retirement/nursing homes. I would love if you could cover these multiple scenarios that might come up in retirement and the minimum investment portfolio to satisfy each one.
@beaviswealth
3 жыл бұрын
Hi Ryan. Thanks for your suggestions. I'm really looking forward to creating these videos. Stay tuned. - Marc
@nelfaria91
3 жыл бұрын
Definetly interested in both topics and no particular order. Would also love to hear about best practices of which account types to use (RRSP's vs TFSA's) and which ones to maximize first and withdraw first as well. Thanks
@TwinworldGameReviews
3 жыл бұрын
You could start with option 1 and make a video on option 2 etc. When figuring out how much someone needs to retire, they would want to include government benefits in that calculation. Then there's options about taking CPP early or delaying CPP & OAS. There's figuring out how to minimize taxes to get the most out of GIS as well. Lot of factors to consider.
@ronpanaligan9862
3 жыл бұрын
It would be great to discuss early retirement planning, for example, age 55. How much should we save to bridge between taking advantage of cpp and oas?
@beaviswealth
3 жыл бұрын
Thanks Ron. Stay tuned. - Marc
@tonysimone2043
3 жыл бұрын
@@beaviswealth yes i am 53 looking at retiring at 55
@renzenker2526
3 жыл бұрын
Marc, for me neither topic is top priority. I would love a video on what to put in a retirement portfolio right now from scratch to retire in 5 years or under
@RJ-ht7lq
3 жыл бұрын
I wanted to pick 1 then you brought up 2. To be honest I'd like both but how much do i need to retire would be my first choice. So happy to see this being covered here. You and Brandon are really filling a gap with your coverage here in Canada. Thank you both.
@BusterDarcy
3 жыл бұрын
Option 2 please! I’m 42, Canadian, looking to retire at 55 and this is the video I’ve been searching for! Great content and presentation, clear and to the point. Thanks!
@beaviswealth
3 жыл бұрын
Thanks for your vote, Darcy. Hopefully I'll be able to provide you with some ideas, with 13 years to go! - Marc
@sherrymelville1101
3 жыл бұрын
Love these video's as I am 53! - I would like to see more of both - the government benefits more but also how much I will need for retirement.
@irinic9546
3 жыл бұрын
I just found out that, in general, banks are making more money from mutual funds than the investor. Plan to retire in 5ish years. What can I do with those mutual funds now to maximize the benefits for my future self? I really enjoy your videos and look forward to learning more :)
@janetcheong2121
3 жыл бұрын
Mark please discuss further how to get all the government benefits. What will be the cut-off income when you retire to get all those benefits? And how yo transition RRSP to RRIF. Thank you and please make more of these kinds of videos.
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