One of the most common mistakes retirees make is how they approach spending, especially early in retirement. After working with clients for over two decades, we have seen firsthand that poor spending ...

A successful retirement does not happen by accident. It requires careful preparation that starts years before your actual retirement date. At Parallel Wealth, we believe that the five years leading up...

6 Expenses That Could Be Delaying Your Retirement (and How to Address Them)

Building a secure and comfortable retirement has become increasingly challenging in today’s financial environment. While ma...

Choosing a financial advisor is one of the most important decisions you'll make as you approach retirement. The right planner can help you reduce taxes, build a smarter withdrawal strategy, and give y...

When it's time to begin withdrawing money form your RRSP in retirement, you'll need to convert it to a RRIF — a Registered Retirement Income Fund. At Parallel Wealth, we’ve seen many Canadians fall in...

Your 50s are a critical decade—this is when you can either set yourself up for a smooth transition into retirement or create financial challenges that make it far more stressful than it needs to be. H...

The Tax-Free Savings Account (TFSA) is one of the most powerful financial tools available to Canadians. It provides an opportunity to grow your investments tax-free, making it an essential component o...

Retirement is a time of life many people eagerly anticipate and is often characterized by a host of financial decisions that can significantly impact one's quality of life. However, these decisions ar...

If you know these FIVE tips you'll know more than 95% of the population about how to maximize your Canadian Pension Plan Benefit. 

1. Taking CPP early is much more punitive than you realize.

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Passive income is a smart financial strategy that allows you to earn money with minimal ongoing effort after the initial setup. Investment income, for instance, constitutes a significant avenue for ge...

The Tax-Free Savings Account (TFSA) is a powerful financial instrument designed to empower Canadians aged 18 and above with the ability to save and invest their money without the burden of taxation. T...