The Canadian Money Roadmap

Aaron Hector, a senior wealth advisor and founding partner of TIER Wealth, shares his expertise on estate planning essentials. He explains the importance of wills, powers of attorney, and healthcare directives for all adults. The conversation highlights the challenges of choosing an executor, including potential family conflicts and the value of local executors. Listeners learn why proactive estate planning can minimize tax burdens and ensure wishes are honored, all while encouraging regular updates to your estate plan.

Get ready for the holidays with smart financial advice! Learn how to set up a budget and a holiday savings account to dodge January blues. Plus, discover the importance of thorough vacation planning, as personal experiences reveal the truth about rising costs. Evan shares practical tips like using a vacation planner spreadsheet and currency conversion tools to ensure your holiday travels are stress-free and enjoyable.

A couple discovers their bank's advice is holding back their retirement dreams. They struggle with misuse of RRSPs and a conservative investment approach. The host suggests strategic reallocations and cost-efficient alternatives to boost their savings. Actionable steps are introduced for enhanced retirement planning by age 65. Listeners are invited to explore a personalized program for transparent financial planning. This episode is a wake-up call for anyone nearing retirement!

Dive into the world of Tax-Free Savings Accounts with a comprehensive guide that clears up common misconceptions. Learn about eligibility, contribution limits, and smart investment options. Explore the intricacies of TFSA contributions and withdrawals, uncovering strategies that optimize retirement savings. Also addressed are penalties and how TFSAs impact government benefits, making this a treasure trove of knowledge for savvy savers!

Andrea Thompson, a certified financial planner and founder of Modern Sense, dives into the complexities of cross-border finances for Canadians linked to the U.S. She highlights the critical tax obligations and the importance of consulting a cross-border CPA to avoid penalties. Thompson also unpacks the intricacies of retirement planning, investment challenges for dual citizens, and the nuances of Tax-Free Savings Accounts for U.S. citizens in Canada. Her insights will help listeners navigate these financial waters smoothly!

Discover four essential habits to grow a $500,000 investment portfolio, from consistency to automation. Learn how a solid plan can set you up for success and why tracking the right metrics matters. Real-life client stories offer quick wins you can apply right away. Plus, find out the importance of knowing when to outsource and diversify your investments. This engaging discussion provides a clear roadmap to financial growth and retirement readiness.

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.Retirement Readiness Scorecard 🇨🇦 Looking to retire in the next 10 years or less (age 45+)? Get your money organized - Your Full Financial Picture Spreadsheet

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.Retirement Readiness Scorecard 🇨🇦 Looking to retire in the next 10 years or less (age 45+)? Get your money organized - Your Full Financial Picture Spreadsheet

Exciting changes are on the horizon for the host, including the launch of a new financial firm. There's an invitation for listeners to join a live event in Saskatoon, featuring discussions around a new book. The host expresses gratitude for support and emphasizes the importance of engaging in financial planning for a secure future. Overall, it's a time for new beginnings and opportunities in personal finance.

Retirement Readiness Scorecard 🇨🇦 Looking to retire in the next 10 years or less (age 45+)? Get your money organized - Your Full Financial Picture Spreadsheet