Investing for Retirement: Strategies For Canadians

I did exactly what Adam says here. I even gave my financial "advisor" screen shots of the types of plans Adam builds and explained the ability of turning on different income streams at different times to see the impact on taxes, etc., and asked my "advisor" if he is able to provide the same type of planning advice. He was like a deer caught in the headlights. He was not able to do any actual planning. He was all about selling mutual funds. I moved my investments out.

Your videos are very clear, positive and professional...thank you.

I do enjoy looking forward to your video and the comments are fun to read and learn as well.❤🎉😂

At age 62, I have been retired for exactly seven years. I have no pension income. My current plan is to delay my CPP until aged 65, although that may well change by that age to 70. All my income is from RRIF and Non-Reg. dividends. I also have a TFSA which I religiously add to every January with the allowable yearly amount. I take no income from this account, it just grows. Across my three accounts, I hold high quality dividends stocks (absolutely no Mutual funds). All my holdings have a proven record of annual dividend increases and stable cash flow. My personal mandate is to NEVER live off my capital (i.e. sell shares). Currently my required living expense income from dividends is about 32% of my total annual dividend income. The 68% or so extra dividends are reinvested to create more dividends … In seven years of retirement, my (working) capital has increased 247%, this being achieved through dividend reinvesting and natural capital growth. My annual dividend income has gone up 305% I have no financial or investment advisor, everything I do is self-taught and yes sometimes learned by error. It is not rocket science or something to fear. It truly amazes me that when viewing Financial Planning or Investment videos, there is never a mention of financially living off only portfolio derived dividends. The concept is safe and simple. I have absolutely no requirement for markets or individual stocks to go up ~ why would I want that ~ when I am continually reinvesting into the same fifteen holdings that I have held for years ~ to hopefully buy at a lower price for a higher dividend yield. Adam, I do thoroughly enjoy your videos ~ by far the best out there ....

Another great one Adam. But I have to admit, I am not retire and I check my portfolio everyday! LOL. I love seeing what goes up and what goes down, is fluctuating all the time? Is it trending for the past few weeks and why? etc. then I go and research that . Why was Intel so down a little while ago? Well they had been leapfrogged by another chip manufacturer and were investing heavily in a new factory. Fast forward to today and the factory is well on its way, the USA government/military has indicated that they favour purchasing from USA base Co. and voilà there is a little bump trending up in the stock. 🙂

I agree with many points he makes but paying $5000 for a 'plan' is a bit much. It's really not that difficult to create a plan yourself.

What was the old adage again? Something about having a fool for a client? I have as simple a retirement portfolio and plan as probably possible given my situation and even I consult professional advice on each facet of my plan.

Question I can't find an answer to- why the 4% rule if average market returns are maybe 7% or 8%

One thing I disagree with is not checking your plan often. If you are a dyi investor then you need to see how much cash you have from dividends so that when the market crashes , you have the perfect opportunity to buy more shares.

Adam, I see your videos regularly and learn a lot. I had asked you this question before and you answered but I can’t remember that post. I worked in US on a H1 visa and contributed to SS. I am not eligible to receive full SS benefits. Can I get the SS contribution back. I live in Canada and I am Canadian Citizen. You had suggested a form I need to fill. Please send me the form number again. I have started receiving my CPP. Thanks for your help. Your videos are fantastic. Keep up the good work.

If I have a self-directed RRSP account at a brokerage and I fill it with dividend stocks and ETFs, and at age 71 I am receiving $2,000 a month in dividend income, do I still have to sell those holdings within that RRSP and then convert to RIFF? That would seemingly be counterintuitive to receiving passive income? And I suppose when I pass, that account will now be a tax problem for my beneficiary? Or could I just leave the brokerage account transferred to my child's name to keep differing the tax implications?

I check my investments way too often. Mea culpa.

I bought call options with my RRSP’s account and then took the opposite side of the trade in my TFSA. The stock was NVDA. My RRSP went to zero but my TFSA doubled. The things a person does just to stop the government from getting those tax dollars.

I have a full service account with an investment advisor at RBC Wealth Management, and it is not cheap. Yet, my manager has the CIM and FCSI qualifications and offers a steady reliable hand on the tiller of my investments. I will never manage my investments again as I'm basically incompetent (fear&greed.) My account manager is not perfect, but who or what is totally perfect. I'm satisfied.

Adam love your videos. I would love to know where these mythical financial planners are. Everyone just wants to sell me something. I can’t find anyone who just wants to take a fee for financial planning…. As soon as they find out, I’m in a DB plan with SERP and an RCA they tell me they’ve got nothing for me unless I can bring 1 million bucks for them to manage.

Sun Life offers me a retirement plan once I turn 55. Adam, have you ever come across a plan by Sun Life?

Move money abroad