Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Let's face it, planning and saving for retirement is not easy. We are told that the earlier we start the better, and that the "magic of compounding" will make our dreams come true.
But for most people that's simply not possible because we are busy paying for our housing, cars, kids and everything else. Out of necessity many of us become procrastinators when it comes to saving for retirement.
But there is hope. This course will take you step-by-step through planning and saving for retirement starting later in life. It's an easy-to-follow plan for retirement that can be done in ten years or less.
Topics Include:
- Tracking your spending
- The golden opportunity - when expenses decline
- RRSP, TFSA, pay down debt versus regular investment account
- Your pre- and post-retirement investment strategy
- The risk of high equity exposure during retirement
- The advantages and disadvantages of RRIFs versus annuities
- Tax savings opportunities during retirement
- Managing old age healthcare costs
- Death, taxes and probate fees
- Rewards credit cards
You will get six free spreadsheets including "The Procrastinator's Number Cruncher" to optimize your investment accumulation and drawdown strategies, the "Estate Planning Record Keeper" to make estate planning simpler, the "RRSP Needed for Mortgage Calculator," the "RRSP vs Pay Down Debt Calculator," the "Drawdown Risk Calculator" and the "Annuity Return Calculator".
Unlock learning anytime, anywhere with the Blackboard Learn app
Seamlessly access your on demand courses, assignments, and get PD hours on the go. Learn how to download now and elevate your education experience with the convenience of mobile learning.
Key Takeaways
By the end of this course, participants will be able to:
- Implement the most important step for personal finances: tracking your spending.
- Optimize your retirement accumulation and drawdown strategy using a FREE spreadsheet.
- Decide what is the best option: RRSPs, TFSAs, pay down debt or use a regular investment account using another FREE spreadsheet.
- Appreciate all the different retirement funding sources including RRIFs, annuities, CPP and OAS.
- Know all the advantages and disadvantages of RRIFs versus annuities.
- Understand how to make use of the tax opportunities available during retirement.
- Be cognizant of the risks of old age healthcare costs including what the government covers and what they don't.
- Be aware of the tax implications of death including probate fees.
- Use free online resources to you choose the right rewards credit card.
Who Will Benefit
Anyone starting to plan and save for retirement later in life. All the concepts and tools are also applicable for those who start earlier.
How to Access the Course
This is an online session. This course is available 24 hours a day, 7 days a week. Once registered, you can access the material at any time.
However, you will only have access to the course for 90 days after REGISTRATION.
New mobile learning! Download Blackboard Learn from your app store (iOS or Android). Learn more.
To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
David Trahair, CPA, CA, is a financial trainer, best-selling author and CPA Magazine columnist. His books include Smoke and Mirrors, Enough Bull, Crushing Debt, Cash Cows, Pigs and Jackpots, and The Procrastinator’s Guide to Retirement. His views are totally independent because he does not sell any financial products. He currently operates his own financial training firm and offers seminars to organizations.