In this episode of the Canadian Money Roadmap Podcast, Evan Neufeld discusses seven strategies to manage investment risk in your portfolio as you prepare for retirement. Topics include diversification, rules-based implementation, adding bonds, holding cash, annuities, deferring CPP, and using put options. These methods aim to help you retire with confidence while reducing the volatility and uncertainty of your investments. Remember to consult with a financial professional before making any changes to your portfolio.

00:00 Introduction: Politics and Your Portfolio

00:23 Seven Ways to Manage Investment Risk

00:53 Diversification: Don't Put All Your Eggs in One Basket

02:13 Rules-Based Portfolio Implementation

05:26 The Role of Bonds in Your Portfolio

06:09 Cash Wedge Strategy

08:11 Exploring Annuities

09:55 Deferring Your CPP for Better Returns

11:06 Using Options for Portfolio Insurance

12:17 Conclusion and Final Thoughts

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In this episode of the Canadian Money Roadmap Podcast, we explore financial and retirement planning tailored for single individuals in Canada. With nearly 30% of Canadian households being single-person households, it's vital to highlight the unique benefits and strategies available for singles. From decision-making ease to agility in financial planning, we discuss the advantages and key priorities for singles aiming to retire with confidence. Additionally, we cover high savings rates, pensions, insurance needs, and the importance of professional financial planning. Tune in to get practical tips and insights specifically for single Canadians.


00:00 Introduction: Financial Planning for Singles in Canada
00:39 Understanding Singleness: Different Scenarios
01:39 Advantages of Being Single in Financial Planning
06:30 Successful Financial Strategies for Singles
10:25 Priorities for Single Individuals
20:09 Conclusion and Final Thoughts

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In this episode, we explore the benefits and strategies behind using a spousal RRSP to optimize retirement savings, drawing from a real-life scenario with clients Curtis and Cynthia. The video outlines how high-income earners can contribute to a spousal RRSP under their partner's name and eventually convert it to a spousal RRIF, enabling tax-free withdrawals. We also discuss the spousal attribution rules, the significance of minimum withdrawals, and how to use these funds for TFSA contributions, ensuring the money remains tax-free.

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Financial Foundations Course - Save 25% with code PODCAST25

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