Your Canadian Retirement Specialist
by Regan Schiller
This channel is dedicated to providing Canadians with information on all topics related to Retirement and Financial Planning.With over 10 years experience as a financial advisor, Regan Schiller holds his CERTIFIED FINANCIAL PLANNER®, Registered Retirement Consultant® and Chartered Life Underwriter® designations. This content was produced while he was with IG Private Wealth Management. As of September 27, 2024, his affiliation changed to Wellington-Altus Private Wealth where he has taken the role of Wealth Advisor. Regan's goal is to answer your questions so that you can retire comfortably and confidently. Disclaimers: advisor.wellington-altus.ca/schillerwealthmanagement/disclaimers
Episodes
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Why an Emergency Fund Matters, Even in Retirement
Hello, and welcome to another episode of Fireside Financial. Today, we will discuss the importance of an emergency fund, even in retirement. Why would you want an emergency fund, you ask? Keep on listening to learn more. Get in touch with Regan and Joe: Regan Schiller:...
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Benefits of Engaging in Part-Time Work or Starting a Side Hustle During Retirement
Welcome back to Fireside Financial. Today we will be discussing the benefits of engaging in part-time work or starting a side hustle during retirement. Whether you're looking to stay active, pursue a passion, or supplement your income, there's a world of opportunities waiting for you. Let's…
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Episode 109: Tune Out The Noise
Hello, and welcome back to another episode. Today, I will discuss how some investors may find it easy to get distracted by new shiny investment objects derailing them from their original plan. Want to learn more? Keep on listening. Book your FREE Retirement Planning Consultation and check out our...
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Episode 108: How Interest Rates Impact Bond Prices
Hello, and welcome back to another episode. Today, we will be talking about bond portfolios. When we look at government and corporate bonds, it essentially is a loan by you, the investor, to a government and also to a company. You are then paid regular interest income until the bond matures, at...
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How to Draw a Retirement Paycheque
Have you ever wondered how you can draw a retirement paycheque or how to create income streams in retirement? If so, you are not the only one. We cover this and so much more in the latest episode of Fireside Financial. As always, we hope you enjoy the episode. Get in touch with Regan and Joe…
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Episode 107: How to Optimize Your RRSP Contributions
Welcome back to another episode! Today, we're diving into the importance of contributing to your RRSP and why starting early and contributing consistently is a smart financial move. By beginning your contributions on January 1st of each year, you give your money more time to grow, potentially...
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How Grandparents Shape Their Grandkids' Financial Future
Welcome to another episode of Fireside Financial! Today, we dive into the invaluable role grandparents can play in educating their grandkids about money and shaping their financial future. Sit back, relax, and enjoy the episode. Get in touch with Regan and Joe: Regan Schiller:...
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Episode 106: A Closer Look at GICs
Hello, and welcome back. Today, we are going to dive a little bit deeper into guaranteed investment certificates, A GIC is a loan you provide to a financial institution. Want to learn more about what a GIC is and how they work? Keep on listening. Disclaimer: GICs issued by Investors Group Trust…
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Episode 105: Mindset Shifts for Wealth
Have you ever thought about the distinguishing factors between successful individuals and those who are not? Those who take charge of their finances with a positive mindset typically have a better chance of achieving their financial goals. Let's explore five strategies to enhance your financial...
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Episode 104: Five Retirement Planning Myths
Today, we are going to unpack five retirement planning myths. Let's dive in! Myth #1: Your cost of living will go down. Myth #2: An RSP is a complete retirement plan. Myth #3: You need 1 million dollars to retire. Myth #4: You need to be conservative with my portfolio. Myth #5: You can't have…
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How to Best Recieve an Inheritance
Welcome to another episode of Fireside Financial. Today, we are going to talk about how to best receive an inheritance. If you missed last months episode, we recommend diving into that one as well - as this is a part 2. Get in touch with Regan and Joe: Regan Schiller:...
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Episode #103: The Journey of Receiving an Inheritance
Hello and welcome back to another episode. Today's topic is around the conversation of receiving an inheritance. An inheritance can come in many different ways. It can be money, investments, real estate etc. Talking about what you will receive ahead of time, and making plans can help you thrive!...
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Preparing Your Family to Recieve Your Inheritance
Welcome back to episode #10 of Fireside Financial. Today, we're going to be talking about how to best prepare your family to receive your inheritance. We hope you enjoy the episode. Get in touch with Regan and Joe: Regan Schiller: https://www.linkedin.com/in/schillerandassociates/ Joe Curry:...
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Episode #102: Important Dates 2024
Get prepared for this tax year and the important dates to keep in mind. In this episode, Regan Schiller helps keep track of some important upcoming deadlines in 2024 regarding your RRSP, personal tax returns, and so much more. It's time to mark your calendars! Book your FREE Retirement Planning...
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Episode #101: Navigating the 2024 Changes to the CPP
Earlier this year the CRA said they will be making some adjustments to how much you can contribute to the CPP. Each year the CPP amount does go up! 2024 is no different. But something is new! Want to learn more? Keep on listening. Book your FREE Retirement Planning Consultation and check out our...
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Episode #100: Tax Benefits of Life Insurance
You may have heard that life insurance is something you need to have. However, there are many benefits with life insurance that can be profound, especially when it comes to dealing with your estate. That's why it's important to look at all of your options. In today's podcast, Regan will focus on...
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Estate Planning 101
Welcome to episode 9 of Fireside Financial! In today's episode, we delve into the indispensable essentials of estate planning. A will is a must-have for everyone, yet it often gets relegated to the back burner of priorities. Despite its importance, it rarely feels urgent. However, the myriad...
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Episode #99: Tax On Rental Income
Almost 1.4 million Canadian households have reported property rental income. Since 2022, the rent has increased by 11%, especially in major cities like Vancouver and Toronto, making it more popular to invest in property. However, when deciding whether renting out a property is for you, there are...
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Episode #98: How to Teach Kids About Money
How we act later in life strongly correlates with what we learned in our youth. That's why it's essential to teach kids about money. You can help your kids excel with their finances by helping them develop a sense of what to do with their financial matters. Teaching children the value of money…
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Episode #97: Diversifying Your Stock Portfolio
Have you ever heard the saying, "Don't keep your eggs all in one basket?" The same can be said for stock diversification. Having a well-diversified portfolio means owning a wide variety of assets. You can invest in a number of economic market sectors, asset classes and locations to minimize your...
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Navigating Market Volatility in Retirement
Welcome back to another episode of Fireside Financial with your hosts, Regan Schiller and Joe Curry. In this episode, Regan and Joe discuss how to cope with market volatility, whether you are in retirement or in the process of retiring. Thinking about your retirement and your portfolio in phases...
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Episode #96: Therapy For Wealth
Therapy is a useful tool that can help improve your mental health and stress levels - but can it make you richer? If you are struggling with your mental health, prioritizing your financial wealth may not be your top priority. However, with therapy, you can address the root causes of your…
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Episode 95: Vacation Homes As An Income Source
Have you ever wondered how you can turn your vacation home into a source of income? If you have a cottage, cabin, chalet or bungalow you aren't using as often as you like to, it may be time to consider renting out your vacation home. It can be another way for you to bring in year-round income,...
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Episode 94: How Spending and Saving Impact Happiness
How you spend and save your money can have more of an impact on your well-being than you may think. Integrating happiness in your financial planning can mean saving for the things that bring you genuine joy and happiness. With a meaningful financial plan in place, you gain a sense of direction…
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Tap Into Your Home's Potential With HELOC, Reverse Mortgages and All-In-One's
Welcome back to another episode of Fireside Financial. In this episode, Joe Curry and Regan Schiller are discussing HELOC versus reverse mortgages versus an all-in-one and how to know which option is best for you. The hosts examine this frequently asked question by exploring the advantages of…
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Episode 90: Business Succession Planning
For privately owned companies, succession planning is the process of preparing to pass the ownership and leadership of a company from the current owner to a new one. Successfully transferring your business requires time, the right expertise, and a detailed strategy. The process doesn't happen...
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Episode 93: Does Your Company Provide Benefits?
Health and dental care and other benefits are part of a comprehensive benefits package for which millions of Canadians are signed up. Your company might provide you with insurance (Life, Disability, Critical Illness, etc.), dental and health care coverage and/or a pension/group RRSP. When one...
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What is the Multi-Generational Home Renovation Tax Credit?: Episode 92
Have you heard about the Multi-Generational Home Renovation Tax Credit (MHRTC)? This new tax law that came into effect in 2023 grants Canadians the expenses required to create a secondary living space for an elderly or disabled relative. For those planning on renovating their home so an eligible...
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Episode 91: The Crucial Role of Longevity in Retirement Planning
Preparing for the potential of living to the age of 100 can be both a source of comfort and a stark wake-up call. Acknowledging this possibility is essential for effective retirement planning. To reach this milestone, it's imperative to establish a robust support system and select a residence…
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Episode 89: Ways to ensure your retirement portfolio outpaces inflation
Increasing inflation, especially the record levels we've witnessed lately, invariably grabs the spotlight. While numerous individuals are concerned about their ability to afford progressively more expensive goods, retirees often harbor greater concerns about the erosion of their savings' value...
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Maximize Your Retirement Income: The Power of Withdrawal Strategies
Welcome back to another episode of Fireside Financial. In this episode, Joe Curry and Regan Schiller explore the complexities of optimizing retirement income through strategic withdrawals from Registered Retirement Income Funds (RRIFs) and other retirement accounts. They delve into the advantages...
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Episode 88: Avoid These Common TFSA Pitfalls
A Tax-Free Savings Account (TFSA) serves as a valuable tool for most Canadians seeking to build wealth while minimizing tax liabilities. While there are numerous advantages to using a TFSA for investment purposes, it's crucial to be aware of potential errors that can prove financially burdensome....
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Episode 87: Taking Control of Finances For Aging Parents
When your aging parent is no longer able to keep track of bills, investments and money management, someone else must step in. Often the parent has appointed an adult child or other relative to do the job. It can be a lifesaver or it can create explosive conflict and unnecessary costs. In today's...
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Fireside Financial Episode 5: Mastering Retirement Planning
Welcome back to another episode of Fireside Financial, where your hosts Regan Schiller and Joe Curry answer your retirement-related questions. Regan and Joe share their expert insights and practical examples, offering you valuable guidance as you navigate the challenges of retirement planning in...
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Episode 86: How do rising interest rates affect you?
Anyone with a variable rate mortgage in Canada understands the impact of rising interest rates. A rate hike can either cause borrowers' debt payments to climb or reduce the amount of principal their mortgage payments pay off. Interest rate rises are caused when the Bank of Canada decides to...
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Episode 85: A Courageous Conversation on Personal & Financial Topics with Jane Blaufus
In today's episode, I sit down with author and coach, Jane Blaufus. We discuss the concept of courageous conversations and how to have them, so that we can be better prepared for life events, both personally and financially. Best Selling Author Jane Blaufus draws from her extensive expertise in…
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Fireside Financial Episode 4: The Impact of Financial Assistance on Your Golden Years
In Episode 4 of Fireside Financial, Joseph and Regan discuss the increasing trend of parents supporting their millennial children financially. They explore different forms of assistance parents are offering, including down payments on homes, groceries, rent, and mortgages. The hosts stress the...
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Episode 84: What's Your Long-Term Wealth Building Strategy?
The saying, "Anything worth having is worth waiting for," is often true. Consider some of the most important goals you hope to complete in your lifetime. Perhaps your goals include starting a profitable company, getting an advanced degree, becoming a recognized authority in your industry…
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Episode 83: Three Ways to Prepare Your Family to Inherit Your Riches
Although there is a significant intergenerational wealth transfer underway in Canada, many families are delaying difficult discussions about what life will be like once a parent passes. When everyone is in good health, having the talk is difficult, but when someone is unwell, it becomes even more...
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Episode 82: Leaving an Inheritance to a Person with Disabilities
If you would like to leave some money or assets to a loved one who is living with disabilities when you die, be sure to consider how receiving that inheritance might impact that person's other financial resources, such as social assistance benefits. Henson trusts can protect access to social...
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Episode 81: ABC Life Literacy Canada with Alison Howard
In this episode, I have a conversation with Alison Howard, executive director of ABC Life Literacy Canada. ABC Life Literacy Canada is a national charitable organization that champions literacy by empowering adult learners, raising awareness, and supporting the adult learning sector. They develop...
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Episode 80: Providing Adult Children with Financial Support
Nine out of ten parents give their adult children financial support. What they spend, why they spend it, and where the money goes are listed below. Nearly 37% of parents with adult children assist with grocery expenses, nearly 25% with rent, 10% with mortgage payments, and nearly half offer...
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Fireside Financial Episode 3: Retirement Spending: Balancing the Pitfalls and Opportunities
In this episode of Fireside Financial, Joe and Regan delve into the fascinating topic of retirement spending. They explore two sides of the same coin: the challenges faced by individuals who feel unprepared for unexpected expenses during retirement, and those who are reluctant to spend their...
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Episode 79: What are Low-Volatility Funds?
In recent years, investors have been adding low-volatility investments to their portfolios. These are typically stocks and funds that are designed to fluctuate less than the overall stock market. These investments often consist of stocks from certain sectors that have less volatility than the...
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Episode 78: Your Finances and Dementia
As people age, the chances of getting dementia or Alzheimer's increase. One in 20 Canadians over 65 has dementia, and this number increases to one in four Canadians aged 85 and over. Given that the effects of dementia can be extremely gradual, it can be difficult to tell if you or a loved one is...
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Episode 77: Diversifying Your Stock Portfolio as a Canadian
We've all heard the advice about not keeping all your eggs in one basket. This is the principle that stock diversification is based on: for example, not putting all of your money in one sector, such as financial services. If that sector were to crash, you could lose a lot of your money. Having a...
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Fireside Financial Episode 2: Maximizing Your Retirement Benefits
If you're feeling frustrated and overwhelmed by the complexity of CPP and OAS timing and the lack of customized strategies to help you achieve smarter retirement planning, then you are not alone! In this episode of Fireside Financial, Joseph Curry and Regan Shiller delve into every facet of...
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Episode 76: Should you buy your retirement home before retirement?
Many Canadians dream of retirement, no work and more freedom. Picking the right place for retirement is an important decision and in an ideal situation, it's a decision that you'll need to consider long before stopping work. When it comes to retirement homes, you may be asking yourself many...
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Episode 75: Protect Your Financial Future
Enjoying time with family and friends, pursuing your passion, or building a career? The possibilities are endless. But, there are risks that you may not be able to avoid. Risks that can be devastating to your family, your future and your dreams, if you are not prepared. The right choices for your...
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Episode 74: Your Pension Options When Leaving Your Employer
There are generally three options to choose from when members of a defined benefit pension plan have the option to commute their pension: Take the pension and commence monthly payments on a date allowed by the plan (usually between age 55 and 65). Transfer the pension's commuted value to another...
About this show
This channel is dedicated to providing Canadians with information on all topics related to Retirement and Financial Planning.With over 10 years experience as a financial advisor, Regan Schiller holds his CERTIFIED FINANCIAL PLANNER®, Registered Retirement Consultant® and Chartered Life Underwriter® designations. This content was produced while he was with IG Private Wealth Management. As of September 27, 2024, his affiliation changed to Wellington-Altus Private Wealth where he has taken the role of Wealth Advisor. Regan's goal is to answer your questions so that you can retire comfortably and confidently. Disclaimers: advisor.wellington-altus.ca/schillerwealthmanagement/disclaimers
Hosted by
Regan Schiller