In this episode of the Canadian Money Roadmap Podcast, Evan discusses the limitations of the '25x your expenses' rule for retirement savings. He delves into real-world considerations and personalized financial planning to realistically determine one's retirement number. Covered topics include tax implications, government benefits, retirement spending needs, and investment strategies, illustrating how these components can drastically alter retirement savings goals. The episode aims to inform listeners about personal finance beyond general guidelines, emphasizing the significance of tailored financial planning.



00:00 Introduction to Calculating Your Retirement Number
00:31 Welcome and Background Information
01:04 Overview of the Retirement Roadmap Series
01:43 Understanding the 25 Times Principle
02:57 Hypothetical Couple Case Study
04:02 Detailed Financial Breakdown
06:35 Retirement Spending and Timing
09:00 Government Benefits and Pensions
12:49 Impact of Assumptions on Retirement Number
17:47 Major Wrinkles Affecting Your Retirement Number
23:58 Conclusion and Final Thoughts

Olá e bem-vindo! “Portugal - The Simple Life”, an insider’s perspective to Portugal....

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Become more confident with your money - Financial Foundations Course

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Join us in Episode 4 of the Retirement Roadmap series on the Canadian Money Roadmap Podcast as we delve into the essential strategies and income sources to ensure a secure retirement. This episode focuses on practical steps to estimate your Canada Pension Plan (CPP) and Old Age Security (OAS) benefits, and how to integrate additional income sources like pensions, savings, and other assets. We also share tips on planning for fixed and variable income streams, emphasizing the importance of a comprehensive retirement plan.

Olá e bem-vindo! “Portugal - The Simple Life”, an insider’s perspective to Portugal....

Listen on: Apple Podcasts Spotify

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Become more confident with your money - Financial Foundations Course

In this episode of the Canadian Money Roadmap Podcast, join Evan as he discusses how to build your dream retirement on your terms. Learn about setting spending and time targets, the importance of early planning, and practical savings milestones you should aim for at different ages. Whether you're aiming for financial freedom, work optional, or traditional retirement, this episode is packed with valuable insights to help you plan effectively. Tune in to discover how to align your retirement goals with your current lifestyle and income, and ensure you retire confidently. Don't forget to subscribe for more episodes on achieving your financial goals



00:00 Introduction to Building Your Dream Retirement
00:40 Setting Retirement Goals and Targets
03:24 Understanding Retirement Spending
08:34 Determining Your Retirement Timeline
14:52 Savings Milestones for Retirement
18:15 Recap and Next Steps

Invest With Evan

Become more confident with your money - Financial Foundations Course