Joe and Aravind explore the merits of contributing to the Canada Pension Plan (CPP) through salaries. Despite the dual contributions required from business owners, the CPP offers guaranteed, inflation-adjusted income in retirement, providing a secure financial foundation.

The discussion highlights the tax credits and deductions associated with CPP contributions, emphasizing their value in reducing taxable income. Additionally, it underscores the long-term benefits of RRSPs, which grow tax-free and can offer significant tax savings, making them a crucial element in retirement planning for business owners.

Read the full show notes and find more information here: EP 93 Show Notes

Joe chats with Mark McGrath (CFP, CIM, CLU, PWL Capital Inc) about the intricacies of Canadian equity segregated funds, unpacking their features, benefits, and potential drawbacks.

While discussing the investment options within segregated funds, they underscore the importance of considering alternatives like low-cost index funds or ETFs, particularly for investors seeking to optimize returns while minimizing fees.

The episode equips listeners with valuable knowledge to make informed financial decisions tailored to their needs by providing insights into the nuances of segregated funds and alternative investment strategies.

Read the full show notes and find more information here:

Joe and Regan explore the myriad benefits of engaging in part-time work or starting a side hustle during retirement. They discuss how supplemental income alleviates financial stress and supports lifestyle desires such as travel.

Beyond the financial perks, they delve into the non-monetary advantages, including social engagement, mental stimulation, and a renewed sense of purpose. Through personal anecdotes and client stories, they highlight how even a small commitment to part-time work can enhance retirees' quality of life by keeping them active, engaged, and contributing to their communities.

Read the full show notes and find more information here: EP 14 Show Notes