Everything Your Retirement Plan Needs In 15 Minutes

Рет қаралды 27,124

Күн бұрын

➡️Our financial planning services: www.parallelwealth.com/planning
In this video we'll go through everything your retirement plan should include.
If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your retirement plan on track.  You can learn more about our services at www.parallelwealth.com/planning
Financial Resources I personally recommend:
➡️Retirement Income for Life: Getting More without Saving More (Second Edition): amzn.to/3tvIdVN
➡️Parallel Wealth Masterclass: www.parallelwealth.com/education
➡️Future Value Calculator: amzn.to/3EA6Qqv
➡️Neo Mastercard - no annual fee and average 5% back! - join.neo.cc/parallelwealth
➡️Free Credit Report with Borrowell: bit.ly/borrowellPWFG
➡️Maximize your Savings with EQ Bank - bit.ly/EQBankPWFG
The above affiliate links are provided for your convenience. If you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personal vetted each product and service we provide links to.
OUTLINE
0:00 - Intro
0:28 - Real vs Nominal Income
3:05 - Expenses
4:24 - Pensions
5:32 - Government Benefits
6:16 - Taxes
7:04 - Financial Assets
7:26 - Estate
8:53 - Individual View
9:51 - Individual Income
12:36 - Individual Expenses
13:29 - What Does Your Plan Look Like?
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.

Пікірлер: 34

@markPwilliams 7 күн бұрын

The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.

@BarbaraKutcher 7 күн бұрын

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert

@CharlesBarber56 7 күн бұрын

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@Dariustomczak78 7 күн бұрын

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

@CharlesBarber56 7 күн бұрын

Deborah Lynn Dilling is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@AnnieGardner9 7 күн бұрын

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

@garth217 Ай бұрын

Another great video. I always learn something from your materials even if it doesn't apply to me. Knowledge is the key to a successful retirement..having money in investments also helps... Please keep up these videos you truly are doing a great service.

@MonaghanMLOUISE 10 күн бұрын

I agree with you my friend, Having money in investment really makes it easier but one needs to work with an expert if you want to make sufficient passive income.. Imagine investing over 200k and getting 5% profit, thats too low when people are raking up 200% profit with the same capital

@mohammedsajahan6123 10 күн бұрын

Very true, Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately 950k that same year. In reality, all I was doing was getting professional advice.

@adelineChulack 10 күн бұрын

how can I participate in this? I sincerely aspire to establish a secure financial future and I am eager to participate. Who is the driving force behind your success?

@mohammedsajahan6123 10 күн бұрын

Her name is "Dianne Sarah Olson' just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@beardswashingtonmen 9 күн бұрын

Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

@josepinedo9282 Ай бұрын

Very good explanation

@skjdbam Ай бұрын

Always good information Adam. Thanks

@ParallelWealth Ай бұрын

My pleasure!

@gmarks1559 Ай бұрын

Very nice

@harveyellis6758 Ай бұрын

Great video. I built an excel spreadsheet with layout similar to that presented in the Snap software, to allow me to do my own retirement planning.

@skjdbam Ай бұрын

I too did something similar. I did so because I believe the plan is ever-changing. Would be interested in seeing your minus the numbers of course

@tifonapoletanononhaconfini4442 Ай бұрын

as usual great work when you have a moment can you talk about the future regulation as per Retraite Quebec regarding the suppression of the upper limit related to withdrawals of life income funds (LIFs) for persons aged 55 or over Thank you

@sharky6128 Ай бұрын

Thanks Adam, great video! How much would it cost to have you build a plan like this for my wife and I ? We both have a relatively simple pension with no debt. Keep up the great work 🎉🍻😎🇨🇦

@katz2912 Ай бұрын

Website stated $4000 for household retirement plan. $3500 for single.

@cobevizio6228 29 күн бұрын

It’s really important to tell people about Irma in the $103,000 limit and the part B tax that they’re gonna have to pay on Medicare. Thank you.

@jovicrazed 29 күн бұрын

This is Canadian retirement information. IRMAA doesn't apply here.

@febsign6110 11 күн бұрын

What happens when you leave the country and live your retirement in another country ?

@rb239rtr Ай бұрын

You should do an episode on how to handle a LIRA and a rrsp. In my situation, I am drawing down the most possible from my now LIF, which is doing well. If all things remain equal, my OAS will be completely clawed back by the time I am 73/74 due to the success of my LIF. Basically too much money when old. In hindsight, I should have moved a bigger portion into my RRSP when I converted the LIRA, and melted that larger RRSP down. When I planned my LIF, I was working on a 5% return, I am getting around 8%, which I guess is a good problem to have.

@garth217 Ай бұрын

If you will have an income of $148,000 for 2024 you OAS is totally clawed back. Why are you even here looking for financial advice if you have that kind of income. Donate to a charity to reduce your taxes. Calgary Children hospital is great and they are well known to followers of Adam

@Larry_Kabberga Ай бұрын

Looks like you should be opening up a KZfaq channel and give advice instead

@martik778 Ай бұрын

Similar issue here and PO'd we won't qualify for the dental program. Better to have too much I guess

@tivertontom Ай бұрын

most of these just make me feel 'poor' LOL

@tivertontom Ай бұрын

but we'll be ok ... and live oceanfront bay of fundy in new passive net zero house

@tivertontom Ай бұрын

surrounded by 'rich' Ontarions ... LOL

@garth217 Ай бұрын

@@tivertontom so you post 3x to yourself?

@pablopiquante3227 Ай бұрын

Finances is only one leg of the retirement banquet table. Without health, family/friends, and a purposeful way to make a contribution with your skills and talents, it really doesn’t matter how many extra zeros you have in your bank account. Many people would love to live be by the Bay of FUNdy!