Asset Location - Part 2: The Ludicrous Strategy

[@JustinBenderCPM]

100% of KZbin revenues received by the Canadian Portfolio Manager channel have been donated to SickKids Foundation. If this video has helped save you a few dollars on fees or taxes, please consider donating a portion of your savings to SickKids Foundation: www.sickkidsfoundation.com/

[@viralp5173]

Thank you Justin for such informative video

[@frankunderbush]

Maybe it's because I've listened to the pod already or maybe it's because of the visuals, definitely feel like I'm taking in more from this miniseries. Can't wait to see plaid!

[@JustinBenderCPM]

@Frank Underbush - The visuals certainly help! The concepts don't translate very well to the podcast ;)

[@paulmeahan3667]

Definitely not the same without a diversion into ETF Mortal Kombat. Am I saying I miss the pod? Yes...yes I am! Amazing info, again, Justin, and keep up the great work!

[@JustinBenderCPM]

@Paul Meahan - Thanks! We may have a pod reboot planned for 2022 ;)

[@kijijikijiji8614]

This is so educational! I can't wait for the Plaid video. I've read the blog post, but it is much easier to understand it in the video format. Thank you for the beautiful work. Happy 2022!!

[@JustinBenderCPM]

@Kijiji Kijiji - Happy 2022! We're glad you enjoyed the video (the Plaid version should be out in the first two weeks of 2022 :)

[@dynamics9000]

Great video as always :) I enjoyed the full video :!!!

[@JustinBenderCPM]

@Yasin Nabi - Thanks for watching! :)

[@julientousignant9652]

Your videos are always so clear and easy to follow / understand. Keep up the good work and Merry Christmas!

[@JustinBenderCPM]

@Julien Tousignant - We're so glad you've found our videos clear and easy to follow! :) We spend a great deal of time trying to decide how to best illustrate the complicated tax concepts to viewers. Have a wonderful holiday!

[@niranmojo]

Hi Justin Happy New year: I’ve added you to my twitter feed. Based on your recommendation I bought Dan’s book / Reboot your portfolio

[@JustinBenderCPM]

@Niran Abraham - Happy New Year! I hope you enjoy the book :)

[@niranmojo]

@@JustinBenderCPM Hi Justin, Wasn’t sure if it’s appropriate to ask. But I hope to hear from you I am transferring my defined benefit pension fund from my previous employer to my TD LIRA account: I have about 8000$. My plan is to put the money in the XGRO etf. Is that intelligent investing. Thank you

[@JustinBenderCPM]

@@niranmojo - If you are comfortable with XGRO's risk level, it is a low-cost and diversified one-fund solution.

[@niranmojo]

@@JustinBenderCPM Hi Justin I appreciate you taking the time to reply. Your videos and advice like the one you just gave me has taught me to a smart DIY investor. I’m now very passionate about the world of investing- I left my career in nonprofit to work for Sunlife.

[@JustinBenderCPM]

@@niranmojo - Congratulations on your new career path, Niran! :)

[@serjiang]

Hi Justin, as a retiree who will likely not use up all my retirement savings in my lifetime, to maintain my asset mix, I keep all my bond etf investments in my rrsp/rrif first. Tfsa is 100% equity asset allocation etf. Thinking is that i should decumulate rrsp/rrif first, reducing risk of being fully taxed at death. Tfsa is of course tax free. Watching your video does remind me to think of rrsp is like a tfsa that will take a hair cut, but a haircut of 30% is better than 50%!

[@JustinBenderCPM]

@J J - It sounds like you're already managing your asset location using this traditional approach :)

[@metalupyourass9]

Feel free to toss me some

[@canpin]

As usual, great video. Thanks P.s. New "steve jobs" looks 🤣👍

[@JustinBenderCPM]

@Peter Ros - Thanks! (definitely getting lazier with the outfit choices these days 😉)

[@QualitativeInvestor]

Thanks Justin, for food for thought.

[@JustinBenderCPM]

@Dmitry D - You're very welcome - thanks for dropping by :)

[@web3tel]

Thank you, but I don't understand where there is only consideration for taxes on RRSP account and not on taxable account. In addition should not we also take into account difference on taxation for capital gain and dividends on taxable account.

[@Inquisitive9]

I have a similar question. These videos are great, but listening to some other retirement planning videos by @parallell wealth, I can't understand/ relate to the 50% tax on RRSP withdrawals. Unless I am withdrawing a ton of money from the RRSP in my retirement and so is my spouse, I can't see ourselves in the 50% tax bracket after income splitting, and that 50% tax seems to be the underlying differentiator. Is this meant for those who are in the top 1% after retirement?

[@marcinpacyna2917]

Thanks Justin, I'm assuming you won't be talking about the ridiculous model since it's not really about asset location?

[@JustinBenderCPM]

@Marcin Pacyna - Correct - the "Ridiculous" asset location strategy is technically just about foreign withholding tax mitigation, but my video on that topic should help investors with the tax concepts: kzbin.info/www/bejne/hITOppVqhNaeq68

[@adbp473]

And now I know why I leave it to the experts to help manage our funds ;-)

[@stevele5858]

Very interesting