Mid-Year Financial Review

[@pwong0227]

During the second half of the year, i prepare to sell US equities in my RIF account to raise USD cash for travel. I use this USD cash as part of the minimum withdrawal in kind as there is no WHT involved. For tax purpose the bank will calculate the withdrawal amount in Cdn dollar after exchange. Then i withdraw extra money in Cdn equities as income for next year to use for income splitting and pension credit. I am fully vested in 95% growth equities, and portfolio can ride the market ups and down. Thanks for the informative video and it is so true that life insurance is not relevant when i am retired. I only buy travel insurance through group pension.

[@AaronWealthManagement]

Great insights. Thanks for sharing.

[@nomadrelaxationchannel3847]

Our Son is returning to University in September, your so right about getting everything for him and packing up the car for the drive back to school.

[@carolb3869]

I’m looking forward to paying off my mortgage!🎉

[@billyrock8305]

Great video! 😊 👍

[@inspiredretirementlifestyl6557]

We're looking forward to a cruise in November and then Florida from December to March

[@raisamamirieva2828]

I'm looking forward to my Granddaughter's wedding. ❤💍

[@rosemariel.9000]

Hi David. Is dividend income considered a fixed income when planning for allocation in retirement. Thanks

[@AaronWealthManagement]

Dividend income is not typically considered fixed income. “Fixed income” generally refers to investment types that pay a set amount of interest or dividends on a regular schedule. Examples include: - Bonds (government, corporate, municipal) - GICs - Treasury Bills - Fixed annuities These instruments provide a predictable stream of income, usually with a fixed rate of return. “Dividend income”, on the other hand, comes from owning shares of a company’s stock. While some companies aim to pay dividends consistently and may even have a policy to increase them over time, the amount of dividends can fluctuate. They are subject to the company's profitability and decisions made by its board of directors, making them less predictable compared to traditional fixed-income instruments. So, while dividend income can be a source of regular income, it does not have the same level of predictability and stability as fixed income investments.