The Canadian Money Roadmap

EPISODE SUMMARYTFSAs are the best way to invest smarter and reduce taxes over the long term.  But you’ll want to be careful of some of these critical pitfalls that can get you into trouble.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEQuick refresh on what a TFSA is and how it works Explanation of TFSA contribution room and how it accumulates Overcontribution rules and penalties How you can’t claim capital losses in a TFSA RESOURCES MENTIONEDGovernment of Canada - TFSA GuideOTHER EPISODES10. Using a TFSA Like a Pro29. RRSP, LIRA, TFSA…Where do you Withdraw from First? 36. 5 Steps to Set Up Your TFSA for 2022 If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYWhile some people think that investing is essentially gambling, Evan uses this episode to explain how investing is the opposite of gambling when you have time on your side.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEEvan’s thoughts on taking investing advice from the media How investing is not the same as gamblingHow long term investing is in your favour RESOURCES MENTIONEDMorningstarOTHER EPISODES17. Investing Basics Part 1 - Stocks18. Investing Basics Part 2 - Bonds20. Understanding Investment Risk If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYEvan and Steven are back to discuss where to invest your stocks and bonds to save as much tax as possible.  If investment income is taxed in different ways (interest vs capital gains vs dividends) and each plan type (RRSP vs TFSA vs Non-Registered) creates taxable income in different ways, you need to have a plan to invest with the goal of reducing taxes over time.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEPre-tax vs after-tax returns Various types of investments accounts - TFSA, RRSP, Non-registered Types of income and how they are each taxed - interest, dividends, capital gainsHow each investment account treats tax Pairing asset allocation with investment plan type  OTHER EPISODES7. Tax Basics and “The Next Bracket” Myth 10. Using a TFSA Like a Pro13. Is an RRSP the Best Choice for your Retirement SavingsIf you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYWhen building an investment portfolio, the mix between stocks, bonds, cash and other assets is called Asset Allocation. Steven Guenther, CFP, joins me again to discuss this critical aspect of building an appropriate portfolio you can stick with for the long term.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEDefining various asset classesWhat asset allocation means Understanding how asset allocation impacts your portfolio Deciding on your asset allocation and finding the appropriate investment to matchOTHER EPISODES17. Investing Basics Part 1 - Stocks18. Investing Basics Part 2 - Bonds33. Are your Investments Appropriate for your Retirement Timeline?If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYToday’s episode kicks off our summer series focused on the themes of investing smarter and reducing taxes.  Certified Financial Planner, Steven Guenther, joins me again to discuss risk and how to think about it for your investments. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEWhat is investment risk and how to measure it Risk of different assets and understanding risk in your portfolio Relationship between risk and return Understanding your risk capacity and risk tolerance OTHER EPISODES21. Stocks, Bonds, or Cash? How do you Decide?23. Time Heals all Wounds33. Are your Investments Appropriate for your Retirement Timeline? If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

Thanks for listening to season 2 of the Canadian Money Roadmap! Heres a recap episode of everything we covered on the "Next Steps" season.If you have questions or ideas you'd like to see on future episodes, please send me an email at evan@ennsbaxter.comWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYHow can an average person buy stocks and bonds easily and make sure they are diversified in the process? Mutual funds and ETFs (exchange traded funds) can help! On today’s episode, Evan walks through these two options.  The discussion isn't a recommendation of either or a head to head battle with a winner, but just compares the two investment tools and highlights some pros and cons of both. Always do your research before investing and be careful about believing everything you hear in advertising!✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEUnderstanding mutual funds Understanding ETFs Comparing mutual funds and ETFs Pros and cons of each option OTHER EPISODES17. Investing Basics Part 1 - Stocks18. Investing Basics Part 2 - Bonds20. Understanding Investment Risk 21. Stocks, Bonds, or Cash? How do you Decide? If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYToday Evan dives into the investment you have heard of but probably don’t really understand.  Evan provides the basics on bonds and how they might fit into your portfolio. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEWhat are bonds How can you make money with bonds Why should you consider bonds for your portfolio OTHER EPISODES17. Investing Basics Part 1 - Stocks19. Investing Basics Part 3 - Mutual Funds and ETFs 20. Understanding Investment Risk 21. Stocks, Bonds, or Cash? How do you Decide? If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYOn today's episode, Evan will be covering off some of the basics when it comes to investing in stocks.   There are no recommendations or hot stock picks here but just what you need to know before you dive into the world of investing.  ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEClarify key language used with stock investing Define what stocks are How do you make money with stocks What affects the price of a stock Why should you own stocks OTHER EPISODES18. Investing Basics Part 2 - Bonds 19. Investing Basics Part 3 - Mutual Funds and ETFs 21. Stocks, Bonds, or Cash? How do you Decide?If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet

EPISODE SUMMARYWon't somebody please think of the children?! Well, if you're thinking about saving for your kids' education, this is the podcast for you.  Steven Guenther and I walk through the basics and the not-so-basics when it comes to RESPs.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEWhat an RESP is and why they exist Government incentives via grants and bondsIncentives for lower-income families Types of RESP plans Rules for RESP withdrawals What if the kids don’t go to university?  Options for this scenario RESOURCES MENTIONEDGovernment of Canada - RESPsOTHER EPISODES4. Student Loans, Lines of Credit and How to Get Through Postgrad Debt Free 44. How to Help Your Kids Buy a Home If you enjoy listening to the podcast, please leave a 5 star review on Apple PodcastsWant a personalized retirement plan? Retirement Readiness Scorecard 🇨🇦 Get your money organized - Your Full Financial Picture Spreadsheet