Making Money Minute with Ron Hiebert

Making Money Minute with Ron Hiebert - Perks Working For Government If you are looking for a career path, two options are working for government or private industry. On average, government pays 4.8% more in wages or salaries than the private sector. Also, if you work for government, you are 2.3 times more likely to have a pension - guaranteeing income at retirement. Government jobs are 50% more flexible in allowing days off for personal reasons, have more job security and on average allow workers to retire 2.2 years sooner than employees in the private sector. Working for municipal, provincial or Federal governments has its perks.

Making Money Minute with Ron Hiebert - Lobbying Works Since 2008, US Corporations have spent about 3.3 billion dollars a year employing 13,000 lobbyists to sway the US government into enacting favourable legislation for the companies and industries they represent. The reason there are so many lobbyists, is because what they do works. Studies show that companies generally get more financial bang for their buck lobbying than spending the same dollars on research and development. Saying that America has the best government money can buy, is no joke.

Making Money Minute with Ron Hiebert - Speculation In TFSA's The advantage of a TFSA is that investment gains within it are tax free. This makes it tempting for investors to put their speculative investments inside this shelter. If they hit a home run on one of them, the investor won't have to share gains with the Canada Revenue Agency. The problem with this argument, is most speculative investments lose money. By putting them in a Tax Free Savings Account, you are unable to write losses off against capital gains, like you could in a regular investment account. Thus losing a major tax deduction. For more information, listen to our Making Money podcast hosted by Ron Hiebert and Gord Whitehead at letsmakemoney.ca or CFCW.com.

Making Money Minute with Ron Hiebert - The Halo Effect They call it the Halo Effect. When people are really good at one thing, it can trick them into believing they are qualified, to weigh in on other areas as well. This happens frequently in the investment arena. People might be accomplished actors, sports stars, scientists or politicians, but few have the skills to understand, much less predict, future economic events and the markets reaction to them. What's worse, is the public also gets mesmerized by the Halo Effect. We are willing to give people financial credibility because they are good at something else - big mistake.

Making Money Minute with Ron Hiebert - Europe's Energy Demand A big beneficiary of Russia' war with Ukraine has been America's fossil fuel industry. Once the fighting started, Europe stopped using Russian oil and gas in the hope that it would pressure Putin into making peace. American crude and Liquified Natural Gas soon displaced Russian supplies. When the war ends, Europe will likely switch back to more Russian fuels, because they are considerably cheaper and European refineries have been built specifically to process the stuff. If the switch happens, American energy companies could be big losers, as a major market for their products disappears.

Making Money Minute with Ron Hiebert - Better Information Investors need to review their sources of investment information. Ask yourself: When was the last time you got good investment advice from a front page headline in a newspaper or magazine? When was the last time mainstream media made a timely call about a recession? When did an interview with the general public provide insights that allowed you to profit or avoid loss? Have you, or anyone you know, actually gotten wealthy following opinions on social media? For me, the answers are, never, never, no, and no. The key to profitable investing, starts with better information.

Making Money Minute with Ron Hiebert - Deductible Moving Expenses If you are moving to another location, those expenses could be tax deductible. Under the Income Tax Act, you can deduct moving expenses for changing work locations, running a business, or becoming a full-time student. The expenses can be deducted from employment or self-employment income earned at your new work location. To qualify, your new home must be at least 40 kilometres closer to your new workplace or school. Deductible expenses include the cost of the movers, real estate commissions and land transfer taxes. If you meet the CRA's strict rules, it can save a bundle.

Making Money Minute with Ron Hiebert - There Is Always Something To Worry About People run around with their hair on fire more frequently these days. There always seems to be some financial cliff the world is teetering on the edge of. Tariffs, trade wars, Brexit, interest rates, debt, inflation, Hamas, Israel, North Korea, Iran, Putin, Trump, Xi and the list goes on. The hair on fire crowd, never admits the world has carried on in spite of their doom and gloom. Next time you are exposed to a fountain of negativity, go into a quiet room, put on a set of noise cancelling headphones and enjoy some nice music with a glass of your favorite vintage. Stay there - until the urge to do something stupid goes away.

Making Money Minute with Ron Hiebert - USMCA Comes Up Next Summer Canadians don't like the uncertainty produced by the ongoing trade tensions between Canada and the United States. But a quick end is unlikely. The US/ Mexico/Canada trade agreement is coming up for its five year review in July of 2026. Any trade deals struck now are going to have to be reviewed again in 8 months. Most of the effort going forward, will be focussed on negotiating a comprehensive agreement between the three countries next summer. If you are an investor or business owner, prepare for 8 months of instability.

Making Money Minute with Ron Hiebert - Selling With No Regrets If you own a stock that has become a huge financial windfall, the question that needs answering, is whether you should sell all of it, some of it, or hang on for even bigger gains. An investor in this position should ask themselves two things. How would I feel if I sold nothing and it dropped to zero? …And….How would I feel if I sold everything here, and the stock went up another 10 times in value? The best answer, is to sell enough, so you have minimum regrets, no matter where the price goes in the future. It is impossible to eliminate regret, but it is possible to minimize it.

Making Money Minute with Ron Hiebert - Depletion If you have ever spent any time running on a treadmill, you have an appreciation for how difficult it is to manage an oil and gas company. It takes focussed effort to not go backward. The hidden enemy is depletion. Each year the reserves you have become less and less. This requires continual exploration and development. The amount of spend needed to remain stationary is enormous. The International Energy Agency believes the world needs to invest $540 Billion a year looking for oil, to maintain, not grow, current output over the next 35 years. In the energy business - if you snooze you lose.

Making Money Minute with Ron Hiebert - Market Timing vs Regular Buying I recently looked at a three decade study comparing dollar cost averaging to buying stocks at the market low every year. Dollar cost averaging is simply taking a fixed amount and investing it regularly - usually monthly into stocks. One would assume that the investor,who could magically buy only at market lows each year, would crush the Dollar Cost Averager. But that was hardly the case. The person who invested in the S&P 500 on a regular basis earned a return of 254%. The person who bought at the annual lows only made 11% more in total over 30 years. Compounding, not market timing, is the key to long term gains. (Investopedia. Dollar Cost Averaging or Timing The Market: Which Works Better. Peter Gratton, May 16, 2025).

Making Money Minute with Ron Hiebert - Great Performers Are Rare Most of the markets long term gains, come from a very small basket of stocks. Just 1.3% of the companies that trade in the US, account for all the market gains over the last three decades. Outside America it is even more concentrated. There, less than 1% of companies are accountable for all the appreciation. Out of a total sample of 62,000 companies, 811 were responsible for the bulk of net global wealth creation. This makes a great case for buying index funds. Why look for a needle in a haystack - just own the entire haystack.

Making Money Minute with Ron Hiebert - Canada's Sold Its Gold Canada is the only G7 country whose Central Bank doesn ‘t have any significant gold reserves. Both conservative and Liberal governments in the 80's and 90's sold off the majority of our gold stockpile, using the rationale that it was a loser, and they wanted to put the proceeds into more productive assets. Their major selling came at a time when gold was trading around $400 an ounce. Today gold prices are 10 times higher. Sadly the proceeds financed more spending.

Making Money Minute with Ron Hiebert - Hope Isn't A Strategy Investors as a rule are an optimistic bunch. Most will be able to tell you what they will do if a stock they purchased goes up. They generally have a target price, and plans for the money, once it reaches that goal. Yet very few ever think about the downside. What if the investment doesn't work out? Why might that happen? What actions need to be taken if the investment does go south? Sell? Buy more? If so - at what price? When a stock tanks, most investors just hang on for the ride, hope things change and it goes back up. Unfortunately, hope isn't a strategy.

Making Money Minute with Ron Hiebert - The Big Money Is Betting On Trump People who don't like Trump or his economic policies, have been avoiding US markets because they believe his initiatives will lead to disaster. They shake their heads in disbelief as stocks continue to go up and up, and they get left further and further behind. People who think Trump is a disaster, might end up being right, but the big institutional money has a different opinion. They have been voting with their wallets in the belief that many of Trump's initiatives will have a positive impact on the economy and the markets. So far they have been right.

Making Money Minute with Ron Hiebert - Central Banks Are Buying Gold The US Federal Government deficit for 2025 is going to exceed 2 trillion dollars. The third highest in history. American fiscal irresponsibility and aggressive trade policies, punishing friend and foe alike, have motivated foreign countries to slowly shift assets. Central banks used to hold huge amounts of US Government bonds, because they were safe, liquid and paid dependable interest. In the last 6 years that has changed. Foreign central banks now hold more gold on their balance sheets than they do US government bonds. It is a trend that will continue - and likely accelerate.

Making Money Minute with Ron Hiebert - EV Depreciation Anyone who has ever wanted a high end, all electric, European super car, but was put off by the six figure price tag on the showroom floor - just got a break. On auction sites like supercarblondie, where high end iron is bought and sold, the bargains are amazing. Two year old, low mileage, EV's priced at $150,000 plus when new, are now being firesaled at discounts of 50% to 60%. The first owners of these cars have taken a huge financial haircut, but that has made them affordable luxury, for lots of others.

Making Money Minute with Ron Hiebert - Detecting A Scam Many scams have telltale emotional signs you need to be on the lookout for. If they make you afraid. Like an email from the CRA threatening prosecution because you supposedly didn't pay your taxes. If they appeal to your vanity. Like texts from scammers who pose as headhunters, saying they were referred to you with a dream job offer. If they appeal to your greed. Stock promotions and other Ponzi schemes fall into this category. Scammers like to push the buttons of fear, vanity and greed. If you feel emotionally manipulated - it's often a scam.

Making Money Minute with Ron Hiebert - Economic Spin Spin is a marketing term. Spin takes events, or data, and adjusts them to put you, or your organization, in the best possible light. Politicians, companies, even environmental groups use it often and effectively. An example is Electric Vehicles. The spin says that global adoption of EV's means that peak oil usage is near. The facts without the spin look much different. There are 50 million electric cars operating globally. Their use saves about 1.3 million barrels of oil a day. Global oil consumption exceeds 100 million barrels a day, making their chest thumping, a laugh at best.

Making Money Minute with Ron Hiebert - Gold's Future Price Investors have been discouraged from buying gold because it is trading at all time highs. However price is only one valuation metric. Historically the value of gold has at times tracked the increase in the amount of money governments print and the inflation it creates. If this metric is used, the price of the yellow metal is still historically cheap. The more money created out of thin air, the higher gold prices can go. Using this methodology, the metals full value could be as high as $9700 US per ounce, giving it plenty of room to run.

Making Money Minute with Ron Hiebert - Making VS. Keeping Money Making big dollars and keeping the money you made are two very different skill sets. Professional athletes are often great earners but pathetic savers. Nearly four out of 5 retired NFL football players are bankrupt or under financial stress. In the National Basketball Association, 2 out of every three retired players are broke after 5 years. Earning huge amounts of money, tricks you into thinking that the windfall will never end, and there is no need to learn good savings and investment skills. Unfortunately for most, the dream has a sad ending.

Making Money Minute with Ron Hiebert - The Tax Benefits of Rebalancing Rebalancing is a technique where you adjust the asset weightings in a portfolio - usually on an annual basis. It is beneficial for two reasons. Rebalancing gets you to sell asset classes that have outperformed and add to those that haven't done as well - in other words sell high and buy low. It also allows you to tax harvest by selling some of the losers in the portfolio. Writing the winners off against these losers has proved beneficial from a performance perspective. Periodic tax harvesting lowers taxes, and has been shown over the long term, to add between 3/4's of a percent to a percent and a half to annual returns.

Making Money Minute with Ron Hiebert - elling Is Hard To Do People are not very good at buying stocks, but they are even worse at selling - and that includes the pros. A study between 2000 and 2016, looked at 4.4 million trades done by professional asset managers. They specifically focused on the sell side of these transactions. Whenever the professional manager would sell a security in the portfolio, a computer would hypothetically select a random, different, security and sell it. Astonishingly, the computers random selections, outperformed the sales of professional managers by quite a margin. Buying is hard. Selling is even harder.

Making Money Minute with Ron Hiebert - Long Term Market Cycles Investors need to understand that stock markets move in extended cycles. Long term bull markets tend to last 15 - 20 years. Long term bear markets run 8 to 15 years. The bull market we are currently in, started in 2013 and is still going. The previous bear market, started in 2000 and ran for 13 years. Within these long bull and bear cycles, markets typically experience shorter term ups and downs, which investors try to trade profitably. However, most investors make money playing the long term trends and don't do so well trying to catch the shorter term movements.

Making Money Minute with Ron Hiebert - Markets Historically Expensive Two things make stock markets go up. Rising earnings are one. Historically companies have been able to increase their profits by about 6% per year over the long term. The second is investor willingness to pay higher prices to own shares. This second one is the biggest and most volatile factor. Markets are considered reasonable when share prices on average trade at 15 times annual profits and cheap when they are around 12 times. Currently markets are trading at more than twice bargain levels, because investors are feeling bullish. When prices get too far ahead of earnings growth, it is time to be cautious.

Making Money Minute with Ron Hiebert - The World Is Complex Beware of politicians with simple solutions to complex economic problems. Take for example the last bout of inflation we had during Covid, when that number went up to 9.5% annually. Political solutions were simple, and fit easily into 30 second sound bits. Perfect for news spots or commercials. But real world problems are seldom that easy to solve. Experts identified at least 15 different causes for that spurt of inflation. People, who offer simple fixes for complex problems, either don't what they are talking about out, or worse, know they are wrong, but continue to spout nonsense in hopes of attracting votes.

Making Money Minute with Ron Hiebert - Elon Musk Elon Musk has an amazing collection of assets: Tesla - a maker of electric cars, Spacex - the rocket company, Neuralink - which connects the human brain to computers, X - formerly called Twitter, The Boring Company - which digs tunnels and XAI - the arm that develops artificial intelligence and robots. As of last week, the total value of all these companies pushed Musk's net worth above 1/2 a trillion dollars. For perspective, that number is larger than all the goods and services produced by either a Denmark or Norway last year.

Making Money Minute with Ron Hiebert - Bubble Warnings Bubbles form when a stock sector reaches valuations far exceeding anything these companies can be expected to profitably achieve in the real world. When it finally dawns on investors that hype grossly exceeds reality, they dump their holdings and the bubble pops. Research on 10 different stock bubbles since 1900 shows their average gain was 244%. The current stocks that look frothy, are a group of tech names called the Magnificent 7. They have climbed 225% in the last 2 1/2 years. Mag 7 gains don't necessarily mean the party is over, but yellow caution flags are definitely out.

Making Money Minute with Ron Hiebert - Sports Memorabilia If you buy right, sports memorabilia can be very profitable. A Mickey Mantle baseball card, sold three years ago for 12.5 million US. Last year, the jersey Babe Ruth wore in the third game of the 1932 World Series went for twenty four million. Recently, Kevin O'Leary, of Shark Tank fame, as part of an investment group, bought an autographed Kobe Bryant/Michael Jordan basketball card for 12.9 million US. The key, is to find something very rare, or someone, before they become really famous.

Making Money Minute with Ron Hiebert - A Market That Won't Die This market reminds me of the Russian Monk - Rasputin. In 1914, he was stabbed but survived. Two years later, he was fed cakes laced with cyanide but survived, then given poisoned wine but survived, then shot and survived, and finally shot again and thrown in a frozen river. At that point, he finally drowned. Just like Rasputin, this current bull market has many lives. Tariffs, slowing job growth, consumer weakness, international turmoil and falling real estate values, just can't kill it off. This is leaving a lot of investors scratching their heads wondering what it will finally take to bring this Rasputin bull market to a close?

Making Money Minute with Ron Hiebert - AI Hype The tech bros anticipate spending 3 to 4 trillion dollars building out artificial intelligence infrastructure over the next decade. This total is larger than the combined economic output of Canada and Brazil. The problem is no one is able to tell investors how this will translate into profits for companies outside the tech universe. A disturbing MIT study recently showed that only about 5% of companies deploying artificial intelligence were able to squeeze any profits out of its use. Right now the hype far outweighs the sobering reality. Investors need to be cautious.

Making Money Minute with Ron Hiebert - Chinese Cars & Tariffs The reason we put high tariffs on Chinese cars, is they would totally crush our domestic industry if we let them in. For example, BYD, China's largest vehicle maker, released a car a couple of months ago that cost roughly $19,000 Canadian dollars. This gas electric hybrid is so efficient that it will run 2000 kilometres on a tank of fuel. This makes it the most efficient vehicle in its class by 50%. We have nothing in the west that is comparable on price or efficiency. The only way for us to compete is either with better, cheaper products, or using tariffs to keep them out. It looks like tariffs win.

Making Money Minute with Ron Hiebert - Economic Growth & Stock Markets Stock investors often look at countries economic growth rates as a signal of where to invest. Obviously the higher the growth rate, the more likely stock market returns will move right along with it. But this isn't always the case. China has had the highest economic growth of any major economy for decades, but its stock markets have gone no where. The US on the other hand has had the world's most dynamic stock markets over the last ten years. Yet during this time, growth has been slowing. Stock market performance is complex and can't be reduced to a simple formula.

Making Money Minute with Ron Hiebert - Mining Stock Debt Among the most important considerations when investing in mining companies, are for them to be well financed and have strong balance sheets. Running out of cash, often results in selling shares at fire sale prices, diluting existing shareholder interests. If researching a junior mining company, it is safest if they have a major partner who has agreed to pay for drilling or other development work, in exchange for a percentage interest in the property. Because commodities go through extended periods of low prices, mining stocks need strong balance sheets and low debt to survive.

Making Money Minute with Ron Hiebert - 2025 Political Risk When looking at resource companies like mining or energy - where you invest is critical. Avoid companies operating in politically unstable regions, such as the Congo and Venezuela, or in countries with little respect for property rights and the rule of law such as Tanzania, Russia or Mongolia. Resources are a politically vulnerable business; you can't move a mine or well to another country, once the infrastructure is in place, there are few options when the host country tries to extort the asset, or take most of the profits. Just like real estate, it is all about, location, location, location.

Making Money Minute with Ron Hiebert - Why Booms Go Bust When investors get excited about a trend with blockbuster potential, they often over invest. After an idea gets flooded with too much cash, investors seldom get a return that justifies the amount put in. Imagine spending $300,000 to restore a classic car, only to discover when you are finished, that the best price you will be able to get at auction is $50,000. When reality hits that the money spent greatly exceeds the investments return potential, the herd rushes to the exit, panic selling for whatever little they can recover.

Making Money Minute with Ron Hiebert - Options Stock options are risky. Most investors that speculate on them lose money. Unlike common shares, options have limited lifespans. You can hold common stocks indefinitely in the hope that their value may rise, but options have an expiration date. If an option is not sold or exercised prior to the end date, it becomes worthless. For this reason, an option is considered a wasting asset. As each day passes, the time window to make money decreases. To profit trading stock options, you have to be right in three different ways: price direction, the magnitude of price-change, and the time frame. This is easier said than done.

Making Money Minute with Ron Hiebert - Genius or Inside Trader? If asked who you thought we're the world's best investors, you would probably come up with names like Warren Buffett or John Templeton. The truth is … they have been left in the dust by a most unlikely group - US politicians. A company called Quiver Quantitative, launched an ETF, which tracks and buys the stocks most heavily owned by members of Congress. Their picks were up 37%, whereas US markets, gained only 25% over the same period. These people are either the smartest investors on the planet, or trading on information the rest of us don't have. Which do you think?

Making Money Minute with Ron Hiebert - The Permanent Portfolio If you want to invest, but worry a bear market could chew a big hole in your nest egg, there are options that provide reasonable returns with limited volatility. One of them was developed by a financial guy named Harry Browne called the Permanent Portfolio. You divide your nest egg into 4 equal piles, and put 25% into a domestic long term bond ETF, 25% in a domestic short term bond etf, 25% in a gold etf, and 25% in a Canadian stock index ETF. After that, the only work required, is to rebalance once a year. Over 3 decades, this portfolio has averaged greater than 6% a year. Its worst annual drop during the period, was only 10%.

Making Money Minute with Ron Hiebert - Investing When Things Tank Some economists think we are in a debt super cycle. This is where government borrowing exceeds not only the ability to repay the loans, but even make the interest payments on them. Eventually a crisis unfolds, causing central banks to bail out their governments by printing money. The aftermath, is inflation and currency depreciation. If this happens, tangible assets are where you want to be - things like precious metals, real estate and commodities. In a crisis, stocks decline and recover slowly. Gold shines, beating bonds by 71%. If the economy tanks, it is important for investors to have a plan B.

Making Money Minute with Ron Hiebert - Tariffs Aren't A New Thing US Tariffs, have the same impact, as our federal Goods and Service Tax, and the Provincial Sales Tax. They are a tax on consumption. You pay it when you purchase items and spend money. Tariffs are not a new source of government revenue. Before 1914, tariffs, or custom duties, as they were then called, were the primary source of income for the Canadian government. They accounted for over 85% of total revenue in the early 20th century. It was only at the outbreak of World War I, that Canada added corporate and personal taxes to pay for the war.

Making Money Minute with Ron Hiebert - Tariffs & Inflation The idea that the US economy is going to experience hyper inflation because of tariffs, completely disregards the numbers. America imports about 3 trillion dollars worth of goods each year - a big number yes. However the size of the US economy totally dwarfs the impact of imports. America ‘s economic output, is ball park 30 trillion a year. This means imports represent about 10 percent of economic activity. Of course, higher tariffs will lead to higher prices and higher inflation - but the impact is not nearly as great as the alarmists predict.

Making Money Minute with Ron Hiebert - Stock Market Warning Signs Investors are experiencing financial euphoria as they watch stock markets move from record high to record high. Just as parties don't last forever, markets are showing signs, things are getting speculative. The first, is the amount of borrowing taking place to invest in stocks. This number is at all time highs. The other worrisome sign, is the army of small retail investors currently piling into the markets. They typically show up, near, or at the peaks - when the party is almost over. Yellow lights are flashing - signalling it is time to be careful around the speculative stuff.

Making Money Minute with Ron Hiebert - Tough Choices For The Disrupted If you have a business, or are invested in one that has been technologically leap frogged, the competition now has the economic advantage. To get back in the game requires some uncomfortable and risky choices. The company can either adopt the new technology, leap frog over it and come up with a better mousetrap, bail on the sector and look for greener pastures, or, continue to have market share taken away, until it goes bust. Technology disruption is one of the biggest risks modern companies face. Investors need to watch for it, and be ready to wave goodbye at the first sign a business is losing its edge.

Making Money Minute with Ron Hiebert - Blue Chips The term blue chip, actually has its origins, in the game of poker. It refers to the chip with the highest value. In the world of investing, “blue chips” are considered to be well-established, large, and financially sound companies that have a history of consistent performance and profitability. These stocks are often industry leaders, and viewed as relatively safe investments. For conservative investors, a blue chip portfolio, is also the one with the highest value. It gives solid returns with the least risk.

Making Money Minute with Ron Hiebert - Reshoring Opportunities Reshoring, is the term used to describe companies bringing a chunk of their business back home from outside the country. The problem with Reshoring to a place like United States or Canada, is that labor costs are generally so high, that products made there, aren't competitive in the global market place. The only way many domestic factories can compete, is for them to be automated. Reshoring might bring manufacturing back home, but jobs aren't likely. The big winners will be the companies that construct the factories and automate them.

Making Money Minute with Ron Hiebert - Beef Prices If you have bought steaks recently for a summer barbecue, you probably got sticker shock at the cash register. The number of cattle in this country has fallen in recent years. Ranchers, have faced rising costs due to increased feed prices, and drought conditions. Because it hasn't been financially lucrative to raise beef, ranchers have let their herds dwindle down to their lowest level since 1987. But the cattle cycle, which runs 12 years trough to trough, looks like it could be bottoming. It might take a few years, but as supply increases, prices should start coming down again

Making Money Minute with Ron Hiebert - Tariff History Repeats Canadians are shocked at Trump's tariff threats - but it is not like this drama hasn't played out before. On March 17, 1866, Washington let the Reciprocity Treaty of 1854 lapse. This document allowed free trade between Canada and the US in most commodities. Its collapse came over concerns of potential annexation by the US, Britain's perceived support for the confederate south in the Civil War, and protectionist sentiment. Most of these reasons sound familiar today. That lapse in free trade, caused the Canadian economy to experience a severe recession. Let's hope things turn out different this time.

Making Money Minute with Ron Hiebert - Sports Betting Sports betting, whether through neighbourhood hockey pools, or legalized online gambling sites like Draft Kings, is growing exponentially. It is also diverting two of peoples most important assets - their time and money - into non productive activity. Households that bet on sports regularly, routinely see their savings rates drop by 14%. Researching favourite teams or players, can easily suck up precious hours a day. Just think how much further ahead people would be, if they devoted the same time, resources, and energy to investing

Making Money Minute with Ron Hiebert - The Bucket List A bucket list is a number of experiences or achievements a person wants to accomplish in their lifetime. During our adult years, it can be hard to find the time to do them because relationships, family, work and financial obligations often get in the way. For most, the ideal time to fulfill some of these dreams is in retirement. The drawback is often funding. That is why it is important to make a list of the things you want to do in retirement, and build those costs into your financial planning. By doing so, you will both have the time and the money, to turn those dreams into reality.