The Canadian Monetary Summit is again for its seventh yr and I’m actually enthusiastic about this yr’s line-up of audio system. This yr’s convention takes place from October 18th to twenty first. You possibly can seize your free ticket right here.
A reminder for these of you new to the Summit – it’s a digital (and free!) private finance convention that includes practically 50 Canadian cash specialists and a variety of subjects, equivalent to:
- Tips on how to plan your individual retirement at any age
- The Pension Paradox: Lump Sum vs Money for Life (<– That’s me!)
- How to economize on taxes by optimizing your RRSP to RRIF transition
- Plan your personalised mixture of a DIY portfolio alongside an annuity for a personalized stream of retirement asset progress + month-to-month earnings.
- Tips on how to maximize the brand new FHSA (First Time Dwelling Financial savings Account)
- Tips on how to alter for prime rates of interest in your portfolio and day-to-day life
- Tips on how to effectively transition your investing nest egg to a gradual stream of retirement earnings
- What Canadian actual property investments seems to be like in 2023
- Tips on how to cope with inflation in your payments and in your funding portfolio
- One of the best Canadian private finance books of all time!
- When to take your OAS and CPP
- Journey at no cost with Canada’s loyalty rewards packages
Moreover listening to your favorite private finance blogger focus on the ins and outs of outlined profit and outlined contribution pensions, you’ll additionally hear from Globe & Mail columnist Rob Carrick, advice-only planner Jason Heath, former long-time Toronto Star columnist Ellen Roseman, My Personal Advisor blogger Mark Seed, and so many extra.
However I believe the spotlight of the convention will probably be Dr. Preet Banerjee presenting his analysis on the worth of monetary recommendation to Canadian households. For too lengthy, the monetary recommendation business has tried to quantify the worth with business funded research proclaiming one thing like suggested households are 2.73x wealthier than non-advised households. Newsflash: rich folks search monetary recommendation. The recommendation could also be priceless, however it didn’t make them rich within the first place.
I received a sneak peek at Dr. Banerjee’s analysis at a current convention and whereas I received’t spoil the presentation I’ll say probably the most fascinating discovering was that households with a monetary plan (no matter their main channel of recommendation) are higher off than households with out a monetary plan. Attention-grabbing!
Get your free ticket to the Canadian Monetary Summit right here and take a look at the superb line-up of audio system over this three-day digital convention.
This Week’s Recap:
I had the pleasure of attending the IAFP Symposium in Edmonton final week and was invited to talk on a panel about utilizing on-line advertising and marketing to develop your advisory enterprise. Having written right here (and across the internet) for practically 15 years, I figured I had one thing helpful to say on the subject. Right here’s a good recap of the panel dialogue.
This week I wrote about singles and the challenges they face relating to residence possession.
Final week I defined how you can trick your lizard mind into saving extra money.
Subsequent week I’ll be a visitor on the Cash Feels podcast with Alyssa Davies and Bridget Casey. Watch (hear?) for that on Thursday.
Weekend Studying:
Recommendation-only monetary planner Jason Evans seems to be at three retirement planning obstacles to beat.
Right here’s Tim Cestnick with two good RRIF methods to think about as a part of your property planning (subs).
Why shoppers with massive RRSPs and RRIFs would possibly profit from earlier withdrawals to assist clean out earnings over their lifetime.
Rob Carrick shares a information to beginning CPP and OAS advantages if you retire, and says – sure, it’s on you to do this.
This podcast is value your time: The psychology of retirement spending and prioritizing peace of thoughts with Christine Benz.
Of {Dollars} and Knowledge blogger Nick Maggiulli on the by no means ending “then”:
“The issue with residing sooner or later is that you simply are inclined to overlook the current. You possibly can’t totally get pleasure from one thing if you find yourself at all times fascinated by what’s subsequent.”
Morgan Housel says that cash can carry happiness however it additionally brings complexity, and complexity can rapidly result in unhappiness.
The Plain Bagel YouTube channel explains the Canadian housing disaster:
PWL Capital’s Ben Felix solutions a query on many individuals’s minds: why spend money on shares when you may get higher curiosity with HISA?
Listed below are 12 must-see charts and themes that inform the present story in markets and investing.
A Wealth of Widespread Sense blogger Ben Carlson explains how buyers can outperform the professionals.
Is that $5 espresso really free? How TikTok’s ‘woman math’ development is altering the web cash dialog.
Get your self a Globe & Mail subscription only for Fred Vettese’s glorious Charting Retirement collection. His newest chart seems to be on the greatest place to retire in Canada, income-wise (subs). Let’s simply say it will get higher as you go east to west.
Have a terrific weekend, everybody!
