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6 Expenses That Could Be Delaying Your Retirement Apr 30, 2025

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...

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How to Maximize Your Retirement Income and Minimize Taxes Apr 25, 2025
 

When you retire, your financial picture shifts drastically. You go from having one main income source—your job—to managing multiple income streams from various accounts and pensio

...
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How to Find a Financial Advisor You Can Trust in Retirement Apr 02, 2025

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...

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Avoiding the RRSP to RRIF Trap: Smarter Retirement Withdrawals retirement planning rrif rrsp Mar 28, 2025

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...

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5 Key Financial Goals Before You Turn 60 Mar 21, 2025

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...

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10 Essential TFSA Tips Every Canadian Should Know Mar 06, 2025

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...

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5 Ways Psychology Affects Your Money financial planning money management 101 retirement planning Nov 09, 2023

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...

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5 CPP Tips in 5 Minutes cpp gis governmentbenefits oas pension Oct 26, 2023

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.
    You mu
  2. ...
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Passive Income Strategies for Everyone financial strategies investment passive income Oct 12, 2023

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...

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75% of Canadians Use Their TFSA Wrong - Do You? financial planning investing tfsa Sep 28, 2023

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...

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How to Plan & Save in your 20s, 30s and 40s Sep 14, 2023

How you save money in your 20's will and should be different than how you save in your 40s as goals and life circumstances change - and as you draw closer to retirement. Learn strategies specific to t...

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Four Steps to Break the Cycle and Unlock Your Financial Freedom financial planning financial strategy investments retirement planning Aug 31, 2023

 

Repeat or Evolve? Are you going to repeat what you are doing or evolve to put yourself in a better position?

The four areas that you need to look at, that have the most impact on your financial fu...

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