Preparing For Retirement In CANADA... How Much Do You Really Need?

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Today we'll talk about retirement in Canada. CPP, OAS, and how much you need to retire!
#stockmarket #canada #theinvestingacademy
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Timestamps:
Intro (0:00)
Retirement Focused Mini-Series (2:00)
3 Retirement Concerns you don’t need to worry about (2:56)
You’ll probably spend less than you think (3:14)
Retirement Years can be Awesome! (6:21)
OAS Clawbacks (8:38)
Share your feedback down below! (11:07)
Outro (12:48)
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About Brandon Beavis:
Brandon Beavis was one of the youngest advisors to become fully licensed here in Canada.
In 2013, Brandon officially began his industry studies. Over the years he has completed his CSC (Canadian Securities Course), CPH (Conduct & Practices Handbook), WME (Wealth Management Essentials), 90-day Investment Advisor Training Program, attended the Manulife Professional Development Workshop in Oakville, ON, and attended countless industry seminars, conferences & events to help further his learning.
At age 20, he became a fully licensed Investment Advisor, working for one of Canada’s largest Investment Brokers, Manulife Securities. For 4 years, he worked alongside a highly experienced team at Beavis Wealth Management, specializing in High-Net-Worth Investing. He’s had the opportunity to work under his Father, an advisor of over 25 years, and has dealt hands-on with client portfolios, involving; analyzing, building, and managing multi-million-dollar client accounts.
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About Marc Beavis:
Marc is a retired Portfolio Manager, having spent over 25 years in the investment industry, managing multi-million-dollar portfolios and working with clients of all ages. He retired in 2021 and is a regular contributor to this channel.
Following his initial licensing back in 1996, he completed a number of industry courses, including the Derivatives Fundamentals and Options Licensing Course, Portfolio Management Techniques, Wealth Management Essentials, Investment Management Techniques, Fixed Income Investing, Hedge Fund Essentials, Portfolio Theory, and of course, the Canadian Securities Course.
Marc previously served as a Director of the Canadian Association of Financial Planners (Now FP Canada) including the roles of Vice President and Director of Ethics.
When working in the industry, he held the Chartered Investment Manager (CIM) Designation as offered by the Canadian Securities Institute. In addition, Marc was a Certified Financial Planner (CFP) practitioner, the industry gold standard in financial planning.
Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.
For our full legal disclaimer, please visit our website: www.theinvestingacademy.ca/Di...

[@beaviswealth]

📈📚 As always, if you're a beginner to the Stock Market in Canada and you're looking for a step-by-step blueprint on how to get started... Find out more about our Investing Academy here - bit.ly/theinvestingacademy

[@Pennybrookeify]

I need enough to get the heck out of Canada every winter 😂

[@ctcamara]

I will go back to living in Brazil all together, hahaha!

[@diveintothesky00]

Self employed Carpenter here....and same! When I was doing rough framing during the polar vortex in -30 I decided I’m gonna be a snow bird

[@Lehjet]

Honestly! I hate the winter

[@ladiiyb]

Right! I love Canada but I want to live somewhere else for 5-6 months each years

[@eagerbeever22]

I hate winter too & would love to spend winter in the South!

[@propriospecinspectionenbat5444]

Option 2. I am in my 40s would be interested to get info on investhing for the next 15years. Thanks!

[@AaDd-xp1bw]

Option 3?: Retirement planning: How you can maximize government benefit while not losing Cash Flow!

[@brady2308]

I second this! Show us how to plan for retirement while leverage tax benefits!

[@flow2tech]

@@TwinworldGameReviews Split shares funds are one of the worst investments u can make.. Take a look at how over time the the share price starts off higher and spirals down.. DFN is one such example. They are using more funds for the pay out ratios to keep the dividentd payouts ongoing. Dan the ceo of stocktrades.ca really showcases this and it really opened my eyes to split corps.

[@TwinworldGameReviews]

@@flow2tech I watch quite a few of the StockTrade videos. They have some decent content. I just recently added a few split share / enhanced dividend stocks to see how they go. I even have a couple covered call etfs, but saw the video that they could actually underperform. I mentioned split share corps as example for getting dividend income. I know a couple investing channels hold a lot of these funds, but I'm not sure if I would chance a huge portfolio % to them.

[@flow2tech]

@@TwinworldGameReviews Ya I mean ,I guess if one built a substantial portfolio first with growth/divs and then moved those gains over time to a more passive income style approach as u got closer to retirement ... That could be an option.

[@pizz104]

Both options would be great, doesn’t matter the order to me. Love the videos Keep them coming

[@pixelino]

Thank you, Marc for tackling finance for older folks. It's definitely lacking on KZbin. That said, I've been enjoying all of your channel's content, whether it pertains to my situation or not. Bravo!

[@fernyang2540]

Can you do both? That'll make a perfect series of retirement investing, because option 2 has to include option1. I have 10-15 years to retirement. Thanks Marc!

[@sarar941]

I would definitely appreciate some of this channel dedicated to those near or in retirement. It would be good to show some content targeted at single retirees - almost every channel out there assumes a couple collecting double cpp/oas. There are many single retirees out there.

[@beaviswealth]

Thanks for mentioning the single aspect, Saj. Most coverage assumes couples, but that's often not the case. - Marc

[@LAOM3423]

Option 2. Thank you for providing such great content.

[@jussumgai3103]

Would love a video on the most tax efficient ways to setup and then withdraw investments during retirement.

[@beaviswealth]

Thanks for your suggestion. - Marc

[@normaconte3404]

Very relevant to retired people. Looking forward to a presentation on this. Thank you!

[@jeffwhite38]

I would like to hear more on both 1 and 2. I'm 58 years old and plan on retiring at 65. Not much time left and pretty scary to think about not working. Just started into the stock market this year and plan to sock away as much as I can tax free. At 65 I will sell my house and invest the proceeds. Any advice you have will be much appreciated. Thank for doing the series.

[@MrBlair-ft2li]

I’m the same age and in the same situation.

[@hexxlaxx2992]

Same here im 52

[@freedomlife3623]

If you plan your retirement income will be lower than working, then max RRSP, then TFSA. Invest in low fee index ETF ( balanced with US, Canadian, international and bond), let it grow. Make sure to add funds monthly or quarterly for dollar cost average.

[@sachinnarkhede4410]

Great content! Both options please… Also, if you could make video for someone having 20 years to retire.

[@crisramos1832]

Great content.. would really like to hear more regarding Option 2.

[@jimmyl6847]

i prefer to see both options since i have not really thought deeply about retirement and would love to learn everything i can

[@anjrud4941]

Thanks for the video. My husband and I are in our mid forties and looking to retire in 10 years. Option 2 would be great for us. Please consider how a defined pension fits in. Thanks again and we appreciate your in depth content in ALL of your videos.

[@annehenderson7911]

Thank you Marc. I look forward to that mini series.

[@Dachamfer3041]

Nice work boys. I'm 52 and investing slightly more aggressively to make up for lost time. Semi-retiring in 5 years or less.

[@Syn_Slater]

Start with option 2, how much we need for retirement, which may scare half of us. 😀Then option 1 to give some breathing room. I'm aproaching 40 and have only been learning about investing for 4 months. I'm just now starting to seriously think about how I'm going to fund retirement. Your channel is pure gold for a guy like me.

[@tirthpatel4246]

As a 23 year old, I am telling you Mark, that this type of videos on topics like Retirement planning is not just interesting to the older demographics but also for some people of my age....Its good to at least think about retirement from a financial perspective as you mentioned, so that we are better prepared and the journey is smoother....I hope you make more detailed videos of finances in retirement particularly in Canada cuz I am going to watch all of them....As a bonus, I promise to smash the like button for all of them....😅😅

[@Bosu0]

Yes, option 1 and Option 2 are useful information to know to better prepare for retirement, Thank you so much Marc.

[@gordonc8930]

I need both! please do both videos!!!! would love to see this mini serie on retirement!!!

[@ajaysinghrathore51]

Both option 1 and 2 will be very good to get in depth information. Thanks Marc!!

[@johnmailey943]

I’m 59 and interested in anything retirement. How to transition into a fixed income portfolio and how to keep my.investments low-risk.

[@j-rocgeo7499]

I feel like you are talking directly to me Marc, Just turning 45 and absolutely need you to do a comprehensive outline or series talking about government systems and benefits that will (Hopefully) be available for me. I am pretty much ignorant to this , just starting to learn now so yes please help!

[@FooTech1976]

I’m in the same boat buddy!

[@niklawrence6991]

Fantastic video! Would love to hear more about both options, looking forward to it. Thank you for taking the time to make these great videos!

[@adityakumarravikanti836]

I love your clear and concise communication. Please do both but more excited about option 1.

[@jimenanunez9481]

Option 2! Thank you what a great series idea.

[@scottscriticalmass]

Thanks Marc!! I've said it before, but it truly means a lot to know you take the community's comments to heart and tailor your content accordingly. Excellent message and lesson as always, even for us Americans. :) I'm absolutely interested in a retirement planning series of videos, specifically 'how much I need to retire' since I think that will benefit Canadians, American's and others around the world alike. Cheers my friend...

[@carolynkingdon5139]

I love the idea of your video series and will eagerly watch them all! Option 2 seems like a good place to start. Thanks for sharing your knowledge.

[@devondoyle1433]

I’ve been following the channel and the podcast for the past few months and the content is amazing! Hands down the most helpful channel I have found thus far in understanding the markets. Both options 1 and 2 would be great. I will certainly be sharing this video with my parents who are at this stage in their lives. Hopefully they can join in on the investing academy experience! Awesome stuff guys. Keep it up! Cheers, Devon.

[@eldesdicado5307]

Thank you for sharing your knowledge! I would appreciate if you make a video (or rather a series of videos) on both options. Thank you!

[@shannonwilliams2739]

As a younger viewer , Option 1 would be great to help my family and to start understanding all these government benefits and acronyms!

[@CaseyBurnsInvesting]

People definitely don’t anticipate having no house payment. That’s a huge factor.

[@TwinworldGameReviews]

That's a big thing for those wanting to retire. If they have any kind of bad debt, they'll want to pay it off first. Last thing someone wants is debt payments taking away part of their fixed income each month.

[@ronbatt756]

Yes. Go further into what was discussed in this video.

[@lindaboxall1141]

Would love to hear more on both subjects. I'm 51 with a group rrsp that I didn't take advantage of so it's only around $16,000. Just started investing independent of that rrsp via tfsa investment account as well, lot's of contribution room available. Content geared at beginner investors in their 50's with no home equity (don't own, rent by choice) and little savings but also no debt would interest me greatly. Love the channel, keep it up!

[@missyb96]

Hi Linda, just a quick pointer. In your Group RRSP make sure to see what your invested in. Contact whoever is taking care of your GRRSP and see what it is invested in. The reason why I’m saying this is because if it’s like my company they give you so many investments that you can pick on your own. If you don’t choose your own it automatically goes into what they chose for you. A few years back it went automatically into a money market fund which doesn’t make very much money. Now it goes into something they developed according to your age and when you would retire. Many people are not told enough about the company GRRSPs (and other group investment opportunities).

[@thereeds7267]

All options would be great to get some videos on. Thanks for the work you guys put into your videos!

[@doublep7950]

Your vlog is very informative, so thank you!! Please provide content that’s geared to soon retirees.

[@eyeswideopen565]

Great video! For the next video I would like option 1, thanks!

[@emzz1310]

Great video! Can’t wait for more videos on the subject!

[@Kimmyyy]

Yes more retirement planning videos! I’m not close to retirement but my parents are and I want to be able to help them make the best decision

[@ralfic6417]

yes please Mark, making a video of both of these options would be very much appreciated , you are doing a great job !!

[@holdenputman2240]

i like the new series i would be interested in hearing and learning more

[@wissamghaddar111]

Very interesting content Mark ! Thank you

[@QuangNguyen-ck3gp]

Hi Marc, Option 1 sounds goods. Seems like there's a lot of option 2 videos out there already. Thanks!

[@richardg8135]

Hi ! I just discover your channel and it's very interesting. I like your subject and for me I prefer the second option but you can do both ! I just turn 52 this year so the timing is right. Keep on the good work !

[@33svetlana]

Thank you Marc. Can you do both options, please? And even more options :))) I'm 55 and I would like to learn anything about retirement and how to do it smartly. I have been watching your channel for three years now. This is the best and most intelligent channel about investing.

[@Slimshady316]

I would go with both options. Loved the video as always 😊

[@mohammedalmekhlafi191]

Thanks. Option 2 and the planning for it !

[@emygray1708]

Option 2 if possible. Thank you for sharing. Great info.

[@NatePolmateer]

Thanks for putting this together Mark! Feels like I am just soaking up so much wisdom! 😀

[@LOWkenshin]

Love this! Thank you

[@ruffafernandez2999]

Yes please!!! More of this type of video help us understand government benefits. Thanks!

[@biomolecologo]

Option 1 please. As in detail as you can get! Regardless which option wins, this is awesome!

[@lintonmeyer]

Fabulous content Marc. I'd like to see Option 1 followed by Option 2. A big thumbs up from me. Cheers.

[@AaDd-xp1bw]

I love your dad! I'm 34 but I started my Retirement Planning just about a year ago. Getting clearer ideas when someone who is more financially literate shares their thoughts! I was literally looking at OAS clawbacks yesterday and I'm like how did you know I needed this video.

[@alisonmarquez4587]

Both option 1 and 2 would be awesome.

[@karlin2222]

This is a great topic. I'd love to watch more videos on the subject please. Thanks Marc :)

[@julylee2502]

Option 2 please! :) and thank you for the helpful video!

[@FooTech1976]

Option 1 please! Another awesome video, thank you!

[@Reina623]

Absolutely interested. My retirement is 5-8 years away and I've only started getting information on this, so my interest is Option 1. Thanks for this info.

[@cradcoakley788]

I would like boths options explained. Thank you, for your informative videos.

[@jasonrudik1876]

Would appreciate videos on both your future suggestion. Govt retirement packages, and how much you might need.

[@Tohamaalghirbia]

Thanks for the info. great work. keep it up

[@beaviswealth]

Thank you. - Marc

[@robindales9303]

Awesome video and content. Thanks!

[@beaviswealth]

Much appreciated, Robin. Thanks a lot. - Marc

[@jeffewing8475]

Great video. Option 2

[@GCortanjay]

Option 1 would be great 👍. Thanks again. Great videos.

[@darwynkoch2572]

both options sound good. Please continue with the series.

[@annej]

I would like to see videos about both options, but option 2 is of greater interest for me.

[@tharsisbastos9499]

Great content Marc! I love the idea to have like a mini series about all the contents involving retirement! That way you can reach young investors that are concerned about retirement already and older investors too!

[@web3tel]

Thank you for this topic. I am just few years from retirement. I would like to get more insight into adjustment investment and optimizing withdrawal and allocation strategy when approaching and into retirement.

[@beaviswealth]

Stay tuned for that type of video coming up. Thanks for your suggestion - Marc

[@Archie2060]

Hi Mark, The content is nicely done and I believe it just the tip of the iceberg for retirement planning. I would like to see you explaining option 1 in a series of video. I also believe most of us are not well informed about the benefits to reap from the government pre and post retirement. It would clear a lot of doubts on preparing for retirement.

[@NA-zn1bc]

Yes, yes, and yes to all those subjects you mentioned please. I'd love more information on government provided retirement benefits. Thanks

[@jphusereau]

Yes, both options. Thank you!

[@Bigbarry889]

Option 1! :-) Thank you !

[@Canadian_Networth]

that was very informative for me. I really enjoyed that

[@canadiandividendgrowthinve3213]

Very informative video Dad :) looking forward to the next video 👌👌

[@kevint6652]

Great video. Option 2 first and then Option 1 after.

[@treedomfinance8452]

Wow Great video! Mr beavis

[@gardyjoseph7542]

Thanks Marc, very much appreciated. Any subject related to retirement is of interest to me as I am approaching this major milestone.

[@blueoceanmedia522]

Excellent content, I personally prefer option 2. Also would like to know for example how a 1,000,000 in dividend paying portfolio with a somewhat safe and sustainable yield would look like. Thank you and keep up the good work.

[@robertot.1914]

Hello! Thank you for the great video! Option 1 please.

[@ddk1062]

Nice information. I would like option 1

[@cindyl.7511]

Option 2, please. Thank you for your help!

[@stellabrassard5800]

Enjoyed the intro, looking forward to more "later-in-life" content (personally late 40s and planning for my retirement, as well as managing retired parent finances).

[@sshivamtrivedi5631]

Love this introductory video. I would definitely love to gain some knowledge about both Options 1 & 2, especially from an experienced investor like yourself.

[@whitted2799]

Yes, if you can please discuss government benefits and in-depth discussion on how much do we need in retirement and how would we be able to achieve that, when in your 40’s or 50’s.

[@kohliamar]

Yes please. A video on CPP, OAS, GIS, ETC. WOULD BE GREAT!!

[@KP-uj1wf]

Thx for the video! Option 1 would be my priority... thx.

[@Slimshady316]

Would love to also see more vidoes on Personal Finance. Thank you 🙂

[@josephmunro7768]

Both! I still have 35 years left and tons of time to build wealth.

[@beaviswealth]

Better to get an early start, Joseph, congrats! Will make things way easier down the road. - Marc

[@Peter-or7ob]

thank you for this video! please more videos regarding retirement.

[@taraparis1069]

Definitely more retirement planning content s Please & Thank you ... specifically for those retiring in 5-10 years ... would like to hear more on how much money is required & ways to minimize taxes - Love the Cdn channel / content - Oh, Canada 🇨🇦

[@cathylaurin3815]

Would love to see more videos on Government Benefits related to retirement. We are really enjoying your videos. Your explanations are easy to understand for those of us who are not well versed in the topics you are covering.

[@Dachamfer3041]

Option #2 thx!

[@waynejohnson931]

Thanks for the vid, I would be most interested in option 2 1st then 1

[@erinnoh2070]

Thank you Marc and Brandon for such amazing and helpful content. I would love to hear more!

[@beaviswealth]

Thanks, Erin. Stay tuned! - Marc

[@premnathalfred2785]

Yes it would be a good idea to see more videos about preparing for retirements.

[@pwong0227]

Try Pension income splitting if possible to get around OAS clawback. Try to drain RRSP to the max before death.

[@tapasya911]

First pls do option 2 and then option 1 please. Love your content Marc. I’m a 32 year old and I want to start planning from now.

[@michellejohn2918]

Thank you!!! I have been waiting for something like this- great video!!! I would prefer Option 2 , but I would most definitely watch Option 1 as well, as any knowledge is good! I am 47 but I would like to have the ability to retire by 55 should I chose to. I am so confused by how much I need- I have seen all different ways of estimating this number that leads to such a wide range of estimates that it has been completely unhelpful and just stresses me out. You are like a breath of fresh air- I love yours and Brandons videos!!!