Legalized Theft = Disrupt the market + The poor panic + The rich buy it all—on sale.

Just remember, narcissists never admit when they are wrong.

When saving is the goal, the obstacle between you and saving money is you. When it's finally time to spend money, the obstacle is still you.

Retirement is a whole new stage of life—one the path to retirement doesn't prepare us for. I'm so pleased Meera Ramen took the time explore the kind of planning available beyond traditional portfolio management. Thanks to @theglobeandmail.com for sharing. www.theglobeandmail.com/investing/pe...

Financial adviser or life coach? The growing hunger for advice on retirement’s ‘softer side’

More retirees are expecting financial advisers to help them navigate the emotional side of retirement

theglobeandmail.com

I once spoke with a retiree with $2M in savings. When she asked her advisor, ‘How do I start drawing income in retirement?’ he replied, ‘Why would you take money out?’ He manages her investments but has no plan for her retirement income—and worse, refused to help create one.

Before retirees buy a big insurance policy, remember, if you're healthy enough to qualify for insurance, you're healthy enough to use the money instead of leaving more behind. My latest collaboration with Globe Advisor. www.theglobeandmail.com/investing/gl...

Life insurance is a useful estate planning tool, but purchasing a policy in retirement isn’t for everyone

Clients often use life insurance to help heirs cover the capital gains tax on a family cottage or other asset after their death

theglobeandmail.com

You reach a point in life when saving money isn't your problem, it's spending it. We simply call this stage retirement.

When @thewallstreet.bsky.social quoted me as saying, "If you die with a lot of money, it means you sacrificed too much and lived too small," commenters bashed the sentiment as reckless. They're not wrong...

A few advisors have asked how to complete the special LIF unlocking I posted last week. Here's what you need for your back office and clients.

When someone suggests they can help you "get smarter with investing," what do you imagine they're going to share?

Living off your retirement assets is a difficult adjustment. Ease the leap from earning a salary to spending your savings with this simple trick. ⬇️

Imagine paying taxes on a tax bill you didn't need to incur to avoid a tax change that never happened... financialpost.com/personal-fin...

Prorogation kills capital gains tax changes

Justin Trudeau's move to step down and prorogue parliament has killed changes his government proposed to capital gains. Read for more

financialpost.com

My 2025 Resolution... Buy even more books I won't have time to read.

Retirees with a LIF that received double-digit investment returns in 2024 have a RARE opportunity to unlock a large chunk of their LIF accounts. ⬇️

Family and finances never mix... unless you're trying to spend your hard-earned retirement dollars. 🧵

Ending 2024 with a feature in The Wall Street Journal alongside top retirement income researchers David Blanchett and Michael Finke is pretty damn cool. Thanks, Anne, for including me. I had a blast sharing one of the many reasons retirees struggle to spend the money. www.wsj.com/personal-fin...

Even Rich Retirees Fear Outliving Their Money

Spending makes retirees happier. Many are afraid to do it.

wsj.com

Morning coffee tastes better when you have retirement income guaranteed to last as long as you do.

Gamblers at the casino know the odds are stacked against them, but investors seem to think they have a strong chance to beat the markets. They’re almost always wrong. “He is haunted by the rising price of bitcoin—and the riches that could have been his, he said.” www.wsj.com/finance/stoc...

More Men Are Addicted to the ‘Crack Cocaine’ of the Stock Market

Gamblers Anonymous meetings are filling up with people hooked on trading and betting.

wsj.com

So much time is wasted trying to analyze the markets instead of doing the one thing that matters—putting money in the markets.

Retirees end up spending less over time, because they're afraid to make inflationary adjustments to their income payments. Instead, retirees restrict their spending to the confines of the income they receive, reducing their spending in real terms over time.

When selling their business, I see the concept of a Vendor Take-Back loan, which makes many business owners stop and ask, "Why would I let them pay for my business with my money?" I get it. You own a business, and it produces x free cash flow.

Financial planners tie the HOW to your WHY. Money decisions can be mentally taxing, even when you've done the research and know your options. This is where financial planners can help in ways the internet can't. They explain why, for your situation, one option is better than the rest.

Many people plan their finances as if retirement is the finish line. 👇

This is Charlotte, doing what most retirees are afraid to do–cut a big cheque to charity BEFORE they die. To add all those zeros, she had to overcome her own fears first. 👇

It's a pretty cool day for a retiree when they realize they've withdrawn more from their retirement portfolio than they contributed to it.

Investors lose more money to poor decision-making than anything else. Fixing the problem is as simple as removing the humans making decisions.

Based on my personality type, I shouldn't be a financial planner. 👇

Retirement is when we expect to spend more time with family. By the time we arrive, our parents are elderly, and our kids are busy building the stage we’re trying to exit. Time never cooperates the way we believe it will.

At 26, I thought rentals were an excellent way to build wealth. I hated every minute of it. I couldn't handle how people treated my property in ways I never would. What works for some people didn't work for me. I'm happy to say I'm now a passive investor. There are far fewer headaches.