5 Things You Must Do As You Near Retirement

In depth videos on topics discussed in this video:

In this video we'll go through 5 things you must do or consider as you lead up to retirement.


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0:00 - Intro
1:01 - Spousal RRSPs
2:11 - TFSAs
4:53 - CPP Sharing
5:42 - Demutualized shares
8:37 - Estate Planning
10:44 - Tips for business owners

This presentation is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter. Every effort has been made to ensure the accuracy of its contents. Certain of the statements made may contain forward-looking statements, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Returns are not guaranteed and past performance may not be repeated.
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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

[dennisspackman]

When I quit my job and retired I converted my RRSP to a RIFF right away. First thing I do early January in the new tax year is transfer the maximum allowed funds for that tax year from my RIFF fund to top up my TFSA. When I retired I had recently taken money out of TFSA so had room to move in about 22k of stocks that I had in a communications company. Figured it would be beneficial to simplify my finances for my executor in the future.

[garrettbauer]

This video applies to mainly retirement in Canada NOT USA***

[NenadTorbica]

Excellent as always... you do such a great job!

[CastingOff]

Great video! A BC corporate tax will might be just what we need. An ideal subject for a future video?

[vm]

Another video for couples.... I think that is a scenario that will be less likely as years go on....lots of divorced people though!

[julianbutcher]

Comments about leasing cars (say over four years) rather than take money out a large lump of investments that could attract more tax? Or better to take have out in Dec then the other half out in January? I am thinking about cars that are more expensive than the average car.

[NickManos-sj]

Great video ... I have 1 question about changing a Spousal RRSP to a RIFF . Do attribution rules apply to the contributing spouse (Still working ) if the newly retired spouse removes this newly created " RIFF " money within 3 yr attribution rule. ? Does it make a difference if the newly retired spouse takes out the minimum allowed out of this RIFF ? Thank You

[alisonlevy]

Great video. Is it a full 3 year window for withdrawls from spousal rrsps or the remainder of the year the contribution was made plus 2 full calendar years.

[vtaylor]

Are online will apps better or worse to use than going through a lawyer?

[sragga]

i recently opened a tfsa with scotiabank and put 7k in it, but i'm confused. it asked how aggressive i wanted my investment, and i picked balanced(every year we go over my lira to tweak it it has over 250k in it with ~12k growth every quarter according to my statements). i noticed my balance going down in the tfsa. is the bank investing it to make money, or am i supposed to do something with it even though i picked how i wanted it invested when i created it.