Don't Retire Until You Can Answer These 7 Questions

[@markust8904]

THAT!, was a great video and it ticked a lot of boxes.

[@ParallelWealth]

Glad you enjoyed it!

[@caperboy1169]

#5 is the big one for me . I’ve been thinking about it but I never thought about making a specific budget for it. I’ll have to look into what Alberta covers

[@barrydowner7975]

another great Video Adam!

[@allanperry6507]

I've been on Canada Disability Pension since about 2004 . How do I know I'm getting the most I can, I also can't afford a financial advisor being left on low income by the government of Canada ?

[@rodneedham2306]

Another great video. Thanks!

[@Bugnetblue]

All good advice. I get a bonus in December and will retire in January where unused vacation from prior year get paid out in cash in the next tax year. Sweet.

[@garth217]

I retired in February, worked 5 weeks into the new year, used my holidays from the last year and the new year then cashed out my allotted sick leave . Walked away with a full years salary for 5 weeks of work

[@jdavid1707]

The idea of retiring in January is brilliant. Basic and brilliant.

[@lynnrush7166]

Look into which bonuses can be ‘rolled’ into your RRSP, rather than cashed out which will result in more income tax paid.

[@GaneshD123]

Excellent advice! Thank you.

[@alexenright1743]

Do you have a recommended list of well-vetted financial planners in Canada according to province?

[@ParallelWealth]

We have vetted this firm well and they service all of Canada www.parallelwealth.com 😉

[@canpin]

As usual, great info Adam! Thanks

[@ParallelWealth]

Thanks Peter

[@scottmcmanus1453]

"If you pass away when you're supposed to at age 86" - Adam, I am delighted with your commitment to my actuarial tables!

[@ParallelWealth]

I love data behind numbers!

[@cyclingonplants7444]

Hi Adam - love your videos. I find it difficult to have conversations with financial advisors when one's situation is outside of the norm. My husband and I have no beneficiaries and just went to use up our money by the time we die. I get it that this is hard to do since nobody knows exactly how long they will live but these guys always seem to be unwilling to run the numbers for us in this scenario even the guy we have been with now for the last 10 years. It took us a few years to convince him that we indeed have NO beneficiaries and don't want to leave money to the CRA or charities! What is the problem here? any insights?

[@ParallelWealth]

I hear this a lot. Not sure why. Obviously can't get to exactly $0 at death, but the plan can head in that direction. our team is happy to put together a plan if you need a second opinion. www.parallelwealth.com/planning

[@scottmcmanus1453]

Sometimes financial adviors are discouraged from promoting scenarios where you draw your assets down because they (either indivudally or at the firm level) collect fees as a percentage of your assets under management. So the faster you draw down your assets, the faster their fees go down. We couldn't say this is the case in your situation specifically, but the way our financial advice industry is set up it pays to be an informed consumer that reads and understands all the fee disclosures and understands the potential for conflicts of interest.

[@cyclingonplants7444]

@@scottmcmanus1453 Thank you for this - I think you hit the nail on the head here!LOL and something to consider. I will look at our fee disclosure agreement. Much appreciated.

[@bradhodgkinson7996]

Soon retirement will be a thing of the past. Life is way too expensive for everyone.....

[@MegsCarpentry-lovedogs]

Effective considerations. You are so helpful to so many of us Adam. Thank you and your team for all your work. 🙏☺🇨🇦

[@pellelindberg33]

Hey Adam, great information as usual! Love your videos. Would you ever consider offering a lower fee for service plan for the DIY investors. For those that just want to make sure they are on the right track. With what I have saved, can I retire now or a time frame down the road. I think this is the million dollar question myself and many others are looking for guidance. Thanks!

[@ParallelWealth]

This is exactly what our service provides. Not sure why DIY investors would need a lower fee as the process is the same. In fact, more than half of the fee for service plans we do are for DIY investors. Ever plan is built from the ground up, so whether you are DIY or not, the process and time to build the plan is the same.

[@OptimisticHominid]

Mr and Mrs KZbin have just moved to our street!

[@stevewheaton7218]

Lots of questions but no answers in this video

[@ParallelWealth]

Bahaha.

[@jdavid1707]

I want to break 80 at Torrey Pines 😊 in retirement.

[@James_48]

I want to break 80 bass caught in one day 😂