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If your nearing retirement or currently retired your likely watching the markets closely, with the current dips in the market. What sort of impact will this have on your investments and retirement lifestyle?

RRSPS are an option to add to your financial portfolio to give your investments an extra boost, but there is a lot of misconceptions about the Registered Retirement Savings plan.

We spend our whole working lives paying into the Canada Pensions Plan (CPP) to replace part our income when we retire but is it worth trying to collect early or should we wait until were 65? Do you need the money? What are the tax consequences? Is it worth delaying to get the higher amount?

Why would you consider cashing in your TFSA’s? Does your contribution room lower? What are the tax outcomes?

Do you need a clear picture of where you are and where you want to go? We use the OMNI Formula to help you reach you financial goals! Whether its buying a car, taking a once in a lifetime vacation, buying your first home, upgrading to a new home or planning for retirement. The OMNI Formula can help you live a work optional lifestyle, we will help reduce the anxiety and get you on the right path.

On this episode of the Your Money financial podcast, learn five unexpected expenses in retirement and how to successfully plan for them.

Or do you know anyone who is? If you have a lot of equity in your home but are having trouble making ends meet, don’t stress, you have some options including deferring your property taxes, or borrowing money against your property to invest. In this video, Peter Cishecki explores the different avenues available to help increase your monthly cash flow.

Peter Cishecki and Jon Abbott begin the brand new ‘Your Money’ personal finance podcast series from Everything Financial by getting into the nasty world of hidden fees. The guys discuss how a lack of transparency around the costs of financial products like mutual funds can significantly impact your retirement savings long-term.