Objective Financial Partners Blog

The article “Am I Saving Enough for Retirement?” was originally published on MoneySense on July 14, 2015. How to find the answer using a reasonable set of assumptions Q: I have $160,000 in my RRSP. I am 58 years old and would like to retire at age 70. I am currently making…

The article “So You’ve Inherited Real Estate” was originally published on MoneySense on July 7, 2015. Capital gains and other implications to consider Q: I have just inherited a home with my brother and sister valued at about $450,000. I was thinking of buying them out and selling the home in…

The article “Is a Couch Potato Portfolio Appropriate For Retirees?” was originally published on MoneySense on June 30, 2015. It can be, as long as it meets your cash flow needs Q: My question concerns the Couch Potato Portfolio as outlined in MoneySense. I am 57 years old and wondering if this…

The article “Advice For Small Investors” was originally published on MoneySense on June 23, 2015. Got less than $100,000 saved? Here’s what you need to know Q: I’m looking for a financial advisor in Edmonton. I only have about $60,000 to invest—the person I originally wanted would only accept over $100,000. I…

The article “Handling Big Changes at Retirement” was originally published on MoneySense on June 16, 2015. Q. My mom is about to retire and I am looking for someone to advise her on the following: – She will be receiving a severance at the end of her term of employment which will…

The article “How Do I Make My Retirement Savings Last?” was originally published on MoneySense on June 9, 2015. Ingrid wants to save enough for the next 30 years Q: I have $700,000 in retirement savings and a small pension of $1,000 a month and CPP and OAS. How should I invest…

The article “Financial Contracts With Family” was originally published on MoneySense on June 2, 2015. Angela and her husband are buying out their in-laws’ home Q: My husband and I live with his parents to assist them with care and maintenance of their home. My father-in-law is an amputee and the…

The article “Ready To Retire Without A Plan?” was originally published on MoneySense on May 26, 2015. You’re not alone. Here’s what you need to consider in terms of tax and investments Q: We are ready to retire within a few months. We are not sure how to handle our investments. We…

The article “How To Choose A Retirement Date” was originally published on MoneySense on May 19, 2015. Don and his wife are worried that they will pay too much tax if they keep working and accumulating retirement savings Q: With $560,000 in RRSPs between my wife and I, $37,500 in TFSAs…

The article “Capital Gains Tax: Selling Non-Registered Investments” was originally published on MoneySense on May 12, 2015. Sara’s fiancé is paying lots of tax on his non-registered investment income. And as time goes on, the tax to sell the investments continues to grow. What should he do? Q: My fiancé, 38, is…

The article “How To Drain A RRIF” was originally published on MoneySense on May 5, 2015. Q: If one does not care to leave any RRIF capital for their heirs, one could spend and enjoy the RRIF returns and some capital every year until the capital is almost depleted by the expected age…

The article “Scared to Spend Your Retirement Savings?” was originally published on MoneySense on April 28, 2015. David is sitting pretty going into retirement but he’s reluctant to draw on his savings at all Q: I’m 56, have no debt, make about $78,000 a year and own my townhouse. I will have…