The Canadian Money Roadmap

If you have some extra cash every month, should you invest more or pay down your mortgage? The answer that is best for you is going to consider more than just the interest rate of your mortgage and the most recent returns on your investments.Thinking about retirement? Get your Retirement Readiness Score

In this episode of the Canadian Money Roadmap Podcast, we'll analyze the volatile start to the 2025 stock market and explore how different types of investors—aggressive, conservative, and balanced—are faring.  Note: This content is for informational purposes only and not specific investment advice.Thinking about retirement? Get your Retirement Readiness Score

Build your Retirement Plan With EvanThis episode is an update on where I've been and where I'm going next.  I'll see you very soon with new episodes!Everything But Money - Live event with Jessica Moorhouse in SaskatoonGet your Retirement Readiness Score

Get your Retirement Readiness Score

Retirement is a time to enjoy the fruits of your labor, whether it's traveling, spending time with family, or fulfilling your bucket list. In this episode of the Canadian Money Roadmap Podcast, we present 15 critical questions to gauge if you're truly ready for retirement. From understanding your vision for retirement and calculating expenses to planning for healthcare costs and managing risk, these questions will help you plan a confident and fulfilling retirement.Get your Retirement Readiness Score

In this episode of the Canadian Money Roadmap Podcast, Evan Neufeld discusses seven strategies to manage investment risk in your portfolio as you prepare for retirement. Topics include diversification, rules-based implementation, adding bonds, holding cash, annuities, deferring CPP, and using put options. These methods aim to help you retire with confidence while reducing the volatility and uncertainty of your investments. Remember to consult with a financial professional before making any changes to your portfolio.00:00 Introduction: Politics and Your Portfolio00:23 Seven Ways to Manage Investment Risk00:53 Diversification: Don't Put All Your Eggs in One Basket02:13 Rules-Based Portfolio Implementation05:26 The Role of Bonds in Your Portfolio06:09 Cash Wedge Strategy08:11 Exploring Annuities09:55 Deferring Your CPP for Better Returns11:06 Using Options for Portfolio Insurance12:17 Conclusion and Final ThoughtsGet your Retirement Readiness Score

Become a client in 2025In this episode of the Canadian Money Roadmap Podcast, we explore financial and retirement planning tailored for single individuals in Canada. With nearly 30% of Canadian households being single-person households, it's vital to highlight the unique benefits and strategies available for singles. From decision-making ease to agility in financial planning, we discuss the advantages and key priorities for singles aiming to retire with confidence. Additionally, we cover high savings rates, pensions, insurance needs, and the importance of professional financial planning. Tune in to get practical tips and insights specifically for single Canadians.00:00 Introduction: Financial Planning for Singles in Canada00:39 Understanding Singleness: Different Scenarios01:39 Advantages of Being Single in Financial Planning06:30 Successful Financial Strategies for Singles10:25 Priorities for Single Individuals20:09 Conclusion and Final ThoughtsGet your Retirement Readiness Score

Watch this episode on YouTubeIn this episode, we explore the benefits and strategies behind using a spousal RRSP to optimize retirement savings, drawing from a real-life scenario with clients Curtis and Cynthia. The video outlines how high-income earners can contribute to a spousal RRSP under their partner's name and eventually convert it to a spousal RRIF, enabling tax-free withdrawals. We also discuss the spousal attribution rules, the significance of minimum withdrawals, and how to use these funds for TFSA contributions, ensuring the money remains tax-free. Become a client - Plan for your retirement and invest with EvanBecome a clientFinancial Foundations Course - Save 25% with code PODCAST25Full Financial Picture Spreadsheet

In this episode, Evan Neufeld delves into how retirement income can fluctuate for Canadian retirees in 2025. Learn about the implications of converting RRSPs to RRIFs, including changes in minimum withdrawal amounts, portfolio balance changes, and withholding tax. Evan also explains the complexities of LIFs, inflation adjustments for CPP and OAS benefits, and offers practical advice to plan for these changes in your retirement income.Become a client - Plan for your retirement and invest with EvanBecome a clientFinancial Foundations Course - Save 25% with code PODCAST25Full Financial Picture Spreadsheet

Book an intro call with Evan Neufeld, CFP®Watch this episode on YouTubeCredit for the idea for this video goes to Aaron Hector from CWB Wealth.  You can find more of his insights on X and LinkedIn: https://x.com/AaronHectorCFP https://www.linkedin.com/in/aaronhector/In this video, we discuss the recent changes announced by the Canadian government to income tax brackets and various benefits for 2025. These changes include a 2.7% increase to match inflation. While many benefits will see an increase, some elements such as the CPP death benefits and withholding tax system for RRIFs have remained unchanged for decades. Additionally, we examine other benefits like non-refundable tax credits, pension income amounts, and the Canada Education Savings Grant that have not kept up with inflation. Learn how these adjustments and untouched areas could affect your finances in the coming year.Book an intro call with Evan Neufeld, CFP®Financial Foundations Course - Save 25% with code PODCAST25Full Financial Picture Spreadsheet

In this episode of the Canadian Money Roadmap Podcast, we explore practical strategies to save more money and improve your finances for 2025. Learn about the importance of reassessing your regular expenses, finding cheaper alternatives for necessities, and cutting down on non-essential recurring costs. We also discuss ways to save on travel expenses and effectively allocate your savings to ensure long-term financial benefits. Whether it's lowering your phone bill or smart travel planning, these tips can help you get a head start on your New Year's resolution to save more and spend less.00:00 Introduction: New Year's Resolution for 202500:12 Practical Tips to Save Money Now01:01 Reducing Regular Expenses: Phone Bills07:32 Cutting Down on Non-Necessities11:45 Saving on Travel Expenses20:58 Maximizing Your Savings22:51 Conclusion: Improving Your Finances for 2025Invest With EvanFinancial Foundations Course - Save 25% with code PODCAST25Full Financial Picture Spreadsheet

Watch this episode on YouTubeAs the year draws to a close,  Evan shares nine powerful strategies to enhance your financial health, decrease your tax liabilities, and set yourself up for future success. Whether you're retired, working, or just starting your financial journey, this episode offers valuable insights including a new update relevant for 2024. Topics covered include opening a first home savings account (FHSA), tax loss/gain harvesting, timing TFSA redemptions, charitable giving, RRSP and RESP contributions, RRIF conversions, and the benefits of a registered disability savings plan (RDSP). Tune in to ensure you're on the right financial track as we approach 2025!Tax-Free Retirement Workshop - Join The Waitlist Invest With EvanFinancial Foundations Course - Save 25% with code PODCAST25Full Financial Picture Spreadsheet

Watch this episode on YouTubeIn this episode of the Canadian Money Roadmap Podcast, we delve into the many benefits of Tax-Free Savings Accounts (TFSAs) for retirement income, covering one-time expenses, and leaving a tax-free legacy for your family. Discover how TFSAs can provide tax-free retirement income, offer flexibility for large expenses, and simplify your estate planning. Don't miss this eye-opening discussion that could change how you think about your retirement strategy.00:00 Introduction to TFSA for Retirement00:41 TFSA vs. RRSP: Understanding the Differences01:50 Using TFSA for Regular Monthly Income03:40 Withholding Taxes: A Deep Dive06:23 Systematic Withdrawal Plans (SWPs)08:02 Covering One-Time Expenses with TFSA12:34 TFSA for Estate Planning and Legacy16:45 Conclusion and RecapFinancial Foundations CourseInvest With EvanFinancial Foundations Course - Save 25% with code PODCAST25Full Financial Picture Spreadsheet

Watch this episode on YouTubeIn this episode of the Canadian Money Roadmap Podcast, we explore seven actionable ideas to ensure a fun, fulfilling, and purposeful retirement. Moving beyond the financial aspects of retirement planning, Evan delves into the importance of creating structure, lifelong learning, building intentional relationships, focusing on health and wellness, giving back through service, engaging in creative pursuits, and thinking about your legacy. Through real-life examples and practical advice, this episode is designed to help you plan for a rewarding retirement experience.00:00 Introduction: Purposeful Retirement00:30 The Importance of Planning Beyond Finances02:58 Creating a Retirement Vision Statement03:50 Adding Structure to Your Retirement07:13 Lifelong Learning and New Skills09:29 Building Intentional Relationships11:52 Prioritizing Health and Wellness14:12 Service and Giving Back15:54 Cultivating Creativity18:12 Leaving a Legacy20:24 Conclusion and Final ThoughtsRumi.aiAll-in-one meeting tool with real-time transcription & searchable Meeting Memory™Invest With EvanBecome more confident with your money - Financial Foundations Course

Watch this episode on YouTubeIn this episode, Evan outlines three key decisions to set up your retirement on autopilot: asset allocation, choosing the right plan type like RRSP or TFSA, and deciding how much to regularly invest. Learn how to simplify your retirement investing strategy with clear, actionable steps.Retire With EvanBecome more confident with your money - Financial Foundations Course

In this episode of the Canadian Money Roadmap Podcast,  Evan discusses the limitations of the '25x your expenses' rule for retirement savings. He delves into real-world considerations and personalized financial planning to realistically determine one's retirement number. Covered topics include tax implications, government benefits, retirement spending needs, and investment strategies, illustrating how these components can drastically alter retirement savings goals. The episode aims to inform listeners about personal finance beyond general guidelines, emphasizing the significance of tailored financial planning.00:00 Introduction to Calculating Your Retirement Number00:31 Welcome and Background Information01:04 Overview of the Retirement Roadmap Series01:43 Understanding the 25 Times Principle02:57 Hypothetical Couple Case Study04:02 Detailed Financial Breakdown06:35 Retirement Spending and Timing09:00 Government Benefits and Pensions12:49 Impact of Assumptions on Retirement Number17:47 Major Wrinkles Affecting Your Retirement Number23:58 Conclusion and Final ThoughtsInvest With EvanBecome more confident with your money - Financial Foundations Course

Watch this episode on YouTubeJoin us in Episode 4 of the Retirement Roadmap series on the Canadian Money Roadmap Podcast as we delve into the essential strategies and income sources to ensure a secure retirement. This episode focuses on practical steps to estimate your Canada Pension Plan (CPP) and Old Age Security (OAS) benefits, and how to integrate additional income sources like pensions, savings, and other assets. We also share tips on planning for fixed and variable income streams, emphasizing the importance of a comprehensive retirement plan.Invest With EvanBecome more confident with your money - Financial Foundations Course

In this episode of the Canadian Money Roadmap Podcast, join Evan as he discusses how to build your dream retirement on your terms. Learn about setting spending and time targets, the importance of early planning, and practical savings milestones you should aim for at different ages. Whether you're aiming for financial freedom, work optional, or traditional retirement, this episode is packed with valuable insights to help you plan effectively. Tune in to discover how to align your retirement goals with your current lifestyle and income, and ensure you retire confidently. Don't forget to subscribe for more episodes on achieving your financial goals00:00 Introduction to Building Your Dream Retirement00:40 Setting Retirement Goals and Targets03:24 Understanding Retirement Spending08:34 Determining Your Retirement Timeline14:52 Savings Milestones for Retirement18:15 Recap and Next StepsInvest With EvanBecome more confident with your money - Financial Foundations Course

Invest With EvanWatch this episode on YouTubeIn today's episode of the Canadian Money Roadmap Podcast, we continue our Retirement Roadmap Series by focusing on the foundational elements necessary for a secure retirement. We discuss essential steps like ensuring consistent cash flow, getting disability and life insurance, setting up a will, and eliminating high-interest debt. We also feature a real-world analogy of the Millennium Tower in San Francisco to underline the importance of a strong foundation. Join us as we outline how to set the groundwork for a stable financial future.00:00 Introduction to the Retirement Roadmap Series00:34 The Importance of a Solid Financial Foundation03:54 Step 1: Managing Cashflow07:47 Step 2: Disability Insurance11:56 Step 3: Life Insurance19:08 Step 4: Creating a Will22:33 Step 5: Tackling High-Interest Debt28:14 Conclusion and Next StepsInvest With EvanBecome more confident with your money - Financial Foundations Course

In today's episode of the Canadian Money Roadmap Podcast, we embark on the first step in building your retirement roadmap. I'll share insights into getting your finances ready for this major life event, emphasizing the importance of organization. I'll also recount some personal experiences from our summer camping trips to highlight the significance of having a proper plan. Plus, don't miss the introduction of a fantastic tool to help you stay organized, covering everything from listing your investment accounts to ensuring your insurance details are in order. Join me and take the first step toward a well-organized financial future.Download The Full Financial Picture SpreadsheetAll Business. No Boundaries. The DHL Supply Chain Podcast Welcome to All Business. No Boundaries, a collection of supply chain stories by DHL...Listen on: Apple Podcasts SpotifyInvest With EvanBecome more confident with your money - Financial Foundations Course

Watch this episode on YouTubeIn this episode of the Canadian Money Roadmap podcast, host Evan Neufeld chats with Jason Yee, the dynamic co-founder and CEO of GrantMe. Jason shares invaluable insights on how Canadian families can navigate their way to a debt-free university education for their children. From understanding the difference between grants, bursaries, and scholarships to the strategic timing of applications, Jason covers it all. Whether you're a parent looking to ease the financial burden of your child's education or a student preparing for the future, this conversation is packed with actionable advice. Tune in to learn how proactive planning and smart financial decisions can make higher education affordable and attainable. Don't miss this opportunity to hear from an expert who's helped thousands of students successfully graduate debt-free. Enjoy the discussion!Invest With EvanBecome more confident with your money - Financial Foundations Course

Join me as I revisit one of my most popular episodes ever on the Canadian Money Roadmap Podcast. In this special summer highlight, I delve into 'The Laws of Wealth' with Dr. Daniel Crosby. Dr. Crosby, a psychologist and behavioural finance expert, provides valuable insights into the psychology of money and how it shapes our financial decisions and behaviours. Whether you're a seasoned investor or just starting your financial journey, this episode is packed with actionable advice and fascinating discussions on becoming a better investor and managing risk. Tune in to learn from Dr. Crosby's expertise and discover practical strategies to enhance your financial well-being. Don't miss this chance to hear from one of the best in the field. Enjoy your summer and I'll see you with new episodes in September!Become more confident with your money - Financial Foundations Course

Submit your comments or questions via text message (Evan CANNOT reply to your text but your question could be featured in a future episode)In this episode of the Canadian Money Roadmap Podcast, host Evan Neufeld shares his personal journey to becoming a certified financial planner at an independent investment firm in Canada. Evan discusses his educational background, early entrepreneurial ventures, and the pivotal moments that led him to his current role. He elaborates on his experience transitioning his firm's dealer to Sterling Mutuals and explains what it means to work at an independent firm. Evan also shares insights into his business practices and his plans for the podcast and his YouTube channel over the summer.Email Evan at hello@evanneufeld.com00:00 Introduction and Listener Feedback01:56 Taking a Summer Break03:42 Early Aspirations and Education06:48 Entering the Financial Planning Industry09:20 Joining Enns and Baxter Wealth Management09:42 Understanding Independent Firms15:41 Building the Business and CFP Designation20:33 Transitioning Clients and COVID Challenges22:43 Starting the Podcast25:41 Future Plans and Conclusion

Submit your comments or questions via text message (Evan CANNOT reply to your text but your question could be featured in a future episode)In today's episode, we're tackling one of the biggest challenges pre-retirees face: accurately calculating their retirement income needs. Many people underestimate their expenses, leading to potential shortfalls in their retirement planning.Join host Evan Neufeld as he breaks down the essential expenses you'll need to consider, including those that will remain, those that will disappear, and new ones that might arise. Evan provides practical tips and a free downloadable spreadsheet to help you categorize and estimate your spending, ensuring you have a clear roadmap to a secure retirement.

Submit your comments or questions via text message (Evan CANNOT reply to your text but your question could be featured in a future episode)In this episode of the Canadian Money Roadmap Podcast,  Evan Neufeld addresses a wide range of listener questions. Topics covered include understanding capital gains on property sales, taxation of CPP payments, investment strategies for different time horizons, setting up custodial accounts for children, and managing pensions from previous employers. Evan offers practical financial advice, discusses the importance of timeline-specific investment risk, and highlights the value of working with a financial advisor. 00:00 Welcome to the Canadian Money Roadmap Podcast01:49 Capital Gains: Understanding Taxes on Property Sales05:12 Decoding CPP Taxes: Monthly or Yearly?06:47 Investing After a Settlement: Short-Term vs. Long-Term Strategies11:17 Setting Up Custodial Investment Accounts for Kids(Expert Advice on Selecting the Best Financial Planner for Your Needs)15:12 Navigating Pension Options: To Move or Not to Move19:55 Maximizing RESP Contributions Without Government Grants21:49 Exploring a Career in Financial Planning22:55 Looking Ahead: Retirement Planning Episodes

Submit your comments or questions via text message (Evan CANNOT reply to your text but your question could be featured in a future episode)Can You Retire at 55 in Canada with $500,000? Watch this episode on YouTubeIn this special Tuesday edition of the Canadian Money Roadmap Podcast, host Evan Neufeld shares the audio from his recent YouTube video discussing the feasibility of retiring with $500,000 in savings for a 55-year-old couple. He explores various factors such as spending needs, savings strategies, and the impact of deferring Canada Pension Plan (CPP) benefits to age 70. Using retirement planning software and Monte Carlo analysis, Evan evaluates the couple's retirement projections, highlights shortfalls, and suggests changes to create a successful retirement plan. Key recommendations include retiring closer to age 65, saving more in Tax-Free Savings Accounts (TFSAs), and deferring CPP benefits to secure guaranteed, inflation-protected income later in life.00:00 Welcome to the Special Tuesday Edition!00:55 Retiring in Canada with $500,000: Is It Enough?01:51 Exploring Retirement Planning Software Insights02:58 Adjusting Retirement Strategies for Success03:50 The Impact of Deferring Retirement and CPP Benefits08:58 Stress Testing the Retirement Plan with Monte Carlo Analysis10:34 Final Recommendations and Summary13:06 Closing Thoughts and Podcast Sign-off

Send Evan a Text MessageIn this episode I explore why a significant number of investment funds fail to outperform their benchmarks (let alone survive for the long term). This episode breaks down the critical factors of high fees and high turnover, offering insights on how these elements negatively impact fund performance. --55 Year old couple wants to retire with $500,000XEQT vs VEQT. Which ETF is better?How to stress test your retirement plan (For Free)Connect With Evan

Send Evan a Text MessageIn this episode, I introduce my new Fan Mail feature where you can text me your questions. Depending on the questions I receive, I might be able to feature it in a future episode! Click on the link above the description to send me a text question. To clarify a few questions about this service: I cannot reply to the text, I don't receive your full phone number, you will not receive any spam from me, and it doesn't give you my personal cell number either.At the end of the episode, I try to answer the first question I received about CPP timing for single people.--55 Year old couple wants to retire with $500,000XEQT vs VEQT. Which ETF is better?How to stress test your retirement plan (For Free)Connect With Evan

Send Evan a Text MessageGain a clear understanding of trusts and how they can be leveraged for estate planning with tax expert Amanda Doucette, my insightful guest and fellow podcaster from The Tax Chick. We take the mystery out of trusts, explaining the three certainties - intention, subject matter, and beneficiaries - that are essential to their formation. Whether you're considering setting up a formal or informal trust, this episode illuminates the importance of precise documentation and the implications of each type.The landscape of trust taxation is ever-evolving, and we're here to guide you through the complexities. We discuss the changes that have affected testamentary trusts taxation, including the shift to the highest marginal rates and the critical 21-year "birthday" that could trigger a significant tax event. As we explore the cultural perceptions surrounding "trust fund kids," we clarify the realities and debunk myths associated with trust beneficiaries. This episode offers a practical look into how trusts can provide for future generations while meeting your intended objectives.Dive into the roles and responsibilities that trustees bear, as this episode highlights the fiduciary duties vital to the proper management of a trust. We address the intricacies of trust taxation and how integrating income from different sources can affect your estate planning. Whether you're faced with a beneficiary's milestone birthday or adapting to new tax regulations, this episode is packed with insights to ensure you're well-informed and prepared to engage with your advisors effectively. Join Amanda and me as we equip you with the knowledge to handle your trust-related financial planning with confidence.--55 Year old couple wants to retire with $500,000XEQT vs VEQT. Which ETF is better?How to stress test your retirement plan (For Free)Connect With Evan

On this week's episode, I was delighted to be a guest on Amanda Doucette's The Tax Chick Podcast to talk about all things Tax-Free Savings Accounts (TFSAs). As we delve into the nuanced world of TFSAs, you'll gain a clearer understanding of how these accounts can be much more than a place to stash your cash. Get the scoop on navigating over-contributions and withdrawals, and learn the critical aspects of setting up beneficiary designations and successor holder arrangements—vital knowledge for polishing your estate planning.This episode isn't just about saving; it's about strategizing for wealth accumulation. We break down the best practices for leveraging your TFSA for long-term investments and dissect the all-important recontribution rule. I'll guide you through the minefield of contribution limits and the confusion that can arise from registered versus non-registered investments within your TFSA. Savvy financial planning can be complex, but with our insights, you'll be well-equipped to make informed decisions without attracting unintended attention from Canada's tax authorities.Lastly, we shine a light on the profound impact TFSAs can have when it comes to passing on your wealth. Discover the seamless transfer benefits that come with naming a spouse or common-law partner as a successor holder, and consider the more intricate scenarios that arise with other beneficiaries.Stay tuned for Amanda's appearance on  next week's episode as we expand our discussion to the world of trusts.Listen to The Tax Chick Podcast Here--TAX CHANGES: Budget 2024XEQT vs VEQT. Which ETF is better?Connect With Evan

Could the financial strategies that appear flawless on paper be leading us astray in the real world? We're peeling back the layers of investment principles to reveal why some inefficiencies might just be your portfolio's best friends. Taking a page from Morgan Housel's "Same as Ever: A Guide to What Never Changes," we delve into the unexpected virtues of financial buffers and the fallacy that cost always equates to value. Discover how the pandemic's strain on just-in-time manufacturing shines a light on the need for slack in our systems, and why the presence of an emergency fund during economic highs could save you during the lows. Plus, we discuss the underrated advantages of investment advisors, challenging the penny-pinching mindset to embrace quality that pays off in the long run.Then, we shift gears to a provocative study that upends conventional retirement planning wisdom—should you stockpile equities all the way to your golden years? We dissect the enticing, yet nerve-wracking notion of an all-equity portfolio and confront the harsh truths about our own risk tolerances and financial aspirations. It's not just about the potential gains; it's the psychological rollercoaster and the necessity for a tailored asset mix that fits like a glove. As I advocate for a well-rounded investment strategy, consider this your invitation to explore how aligning your portfolio with your personal narrative could be the smartest financial move you make. Join us as we navigate through the complexities of balancing risk and reward, and crafting a financial future that doesn't just look good on paper, but feels right in your gut.Start the Find Your Focus Quiz to learn where you should be focusing your time and effort with your money.--TAX CHANGES: Budget 2024XEQT vs VEQT. Which ETF is better?Connect With Evan

This week I'm joined by Mark McGrath as we dig into segregated funds. These investment vehicles blend mutual funds with insurance and offer unique guarantees but….. the benefits to investors are less clear. We delve into fees, performance, guarantees and other pros and cons. We also examine the human side, critiquing sales practices and exploring seg funds in estate planning. Whether you're a seasoned investor or just starting out, this episode provides essential guidance for informed decision-making in the Canadian investment landscape.--Why bother filing your taxes?XEQT vs VEQT. Which ETF is better?Connect With Evan

The stock market has looked great recently! Is it time to take some money off the table?In this episode, I walk you through the considerations you need to make to decide whether it is time to sell or stay the course.--Get Organized with my Full Financial Picture Spreadsheet Financial Foundations Course The Canadian Money Roadmap on YouTubeConnect With Evan

This week, I'm tackling a few topics that were popular on Reddit over the last month.  1. What should you use for return assumptions in your planning? 2. Becoming a TFSA multi-millionaire3. What should be your priority after building your first $100,000**For a more in-depth look at expected returns, check out the recent  Rational Reminder Podcast episode on the topic--Get Organized with my Full Financial Picture Spreadsheet Financial Foundations Course The Canadian Money Roadmap on YouTubeConnect With Evan

In this week's episode we walk through the two phases of your RRSP: accumulation (RRSP) and spending (RRIF). --Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)The Canadian Money Roadmap on YouTubeConnect With Evan

If you could split your income with your spouse, there is a pretty good chance you could drastically reduce your tax bill.  In this episode, I show you how that will be possible for you in your retirement years.--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)The Canadian Money Roadmap on YouTubeConnect With Evan

This episode comes from The Canadian Money Roadmap YouTube channel from a video I posted on March 8 2024. If you want more content like what you find here on the podcast, the YouTube channel is the place for you!  Thanks for listening and watching as always.--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)The Canadian Money Roadmap on YouTubeConnect With Evan

**I usually keep my episode descriptions pretty minimal but this AI generated description was too flavourful to keep to myself.  Enjoy.**Ever find yourself marveling at grandma's mouthwatering dishes, only to discover her "secret ingredient" was something quite unexpected? That's the essence of my snowy Saskatchewan weekend revelation: the culinary magic of MSG is akin to the world of factor investing—both can enhance the outcome in surprisingly simple ways. Hitch a ride with me, Evan Neufeld, as we stew over how a pinch of systematic factor investing can potentially spice up your portfolio. We're stirring the pot, debating whether stock market success is more about the chef's talent or the seasoning they choose, and examining the savory blend of factors like value, small cap, momentum, and quality.Grab your apron and prepare to sift through the complexities of the financial market, as we uncover the robust flavor of high-quality businesses and the subtle zest of low volatility. We'll also reveal why some factors have become timeless recipes for success across different global markets. Whether you're a culinary novice in the kitchen of investing or a master chef ready to season your assets to perfection, this episode promises a full course meal of enlightenment. So, let's turn up the heat and cook up some mouth-watering strategies that could make grandma's secret ingredient seem like child's play.--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)The Canadian Money Roadmap on YouTubeConnect With Evan

In this episode I will discuss the ideas of "safe" investments and how risk can be viewed differently depending on your perspective.--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)The Canadian Money Roadmap on YouTubeConnect With Evan

In our conversation we discuss the concepts of the Financial Independence Retire Early (FIRE) movement.  If you're wanting to pursue FIRE for yourself, we go over a few challenges you might run into and things to consider before committing your lifestyle to this goal.Connect with Sam Lichtman, CFP®--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)The Canadian Money Roadmap on YouTubeConnect With Evan

Unlock the full potential of your retirement savings with our latest episode, where we unravel  the power of spousal RRSPs.  As the RRSP deadline looms, we delve into strategies that not only prepare you for a stable retirement but also smartly align your savings with your current income bracket to maximize tax benefits. With an eye on the future, we discuss how adjusting your contributions can significantly reduce your taxable income now and how a spousal RRSP can be a game-changer for couples, particularly where one spouse earns a higher income.Our conversation extends beyond just RRSPs, as we explore the clever use of spousal RSPs for income splitting, which can be especially advantageous in single-income, households. We dissect the three-year rule that prevents immediate withdrawal by the non-contributing spouse. This episode doesn't just throw numbers and rules at you; it integrates these strategies with other financial vehicles like TFSAs and FHSAs, painting a comprehensive picture of how to stretch every dollar for a financially secure horizon. Join us as we guide you through these pivotal strategies, ensuring you're equipped to make informed decisions that could pay dividends in your golden years.--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)The Canadian Money Roadmap on YouTubeConnect With Evan

 In this episode I walk you through the benefits of registering for your CRA My Account. It is an incredibly useful tool for understanding your tax situation and finding tax slips all in one place. I would highly recommend that everyone register for it before you file your taxes this year! --Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)The Canadian Money Roadmap on YouTubeConnect With Evan

Today, I'm joined by Aravind Sithamparapillai to discuss financial planning for people with variable incomes including sales professionals.Aravind has a wealth of personal experience in this area as a former medical device salesperson so he brings a unique perspective and very practical advice.Connect with Aravind**Aravind is an Associate at Ironwood Wealth Management however, he inadvertently used the formal title of "Advisor" later in the episode.--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)The Canadian Money Roadmap on YouTubeConnect With Evan

Welcome to Part 2 of my exploration of investing at "all time highs". This week, I'm looking into high valuations and what it means for investors nervous about investing when stocks are expensive.--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)The Canadian Money Roadmap on YouTubeConnect With Evan

Have you ever felt uneasy about investing when the market is nearing all time highs? What if a crash happens or it declines right away?In this episode we look to history to help inform what investors should do in this potentially tricky situation.Use code PODCAST25 for 25% OFF the Financial Foundations Course--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)The Canadian Money Roadmap on YouTubeConnect With Evan

I don't like goals... I like processes and systems and rituals that will eventually lead to accomplishing goals. I just call them, Areas of Focus.  In this episode, I will go through my personal areas of focus for my financial life this year.Use code PODCAST25 for 25% OFF the Financial Foundations Course--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)The Canadian Money Roadmap on YouTubeConnect With Evan

In this episode, I explore the Canada Child Benefit (CCB), a tax-free financial support for families. l lead off discussing  who qualifies and how much you can receive before going over how household income affects your CCB.  Finally, I'll provide some strategies to  increase your payments, including the impact of RRSP contributions.--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)Connect With Evan

Finishing off the year with a few of my top episodes of 2023!Thanks to all of you for being loyal listeners of the podcast. See you with some new episodes in 2024--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)Connect With Evan

Finishing off the year with a few of my top episodes of 2023!Thanks to all of you for being loyal listeners of the podcast. See you with some new episodes in 2024--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)Connect With Evan

Dealing with money topics with a partner can be stressful and particularly stressful for the person who is not the "money person" in the relationship.In this episode, I help outline a way that you can very simply explain your entire money life to your partner without getting into the weeds of technicalities.The high level details of your financial life can fit on a single page under the following categories:1. What do you have?2. What do you owe?3. Where are you going?4. What if...?Do more if you want! But start here to end the year on a note of transparency, clarity and openness.--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)Connect With Evan

You might not want to hear it... but here are 7 inconvenient truths about investing: Low fees won't solve all your financial problemsAny long term investment worth owning will go down at some pointIf you're properly diversified, some part of your portfolio will always be underperformingSomeone you know will always have a better performing portfolio than youIf you're reacting to the news with your portfolio, you're already too late.  And you can't know in advance what the impact of that news will be (even if you're right about predicting the bad news).Making money in the stock market takes a lot of timePast performance is not indicative of future results (including the S&P 500!)Follow The Canadian Money Roadmap on YouTube!--Get Organized with my Full Financial Picture Spreadsheet ($5)Financial Foundations Course ($99)Connect With Evan