Retiring In Canada With $1,000,000: How Spending Differs For Singles vs Couples

Video Description

Learn more about our services at https://www.parallelwealth.com/planning Singles retirees are at a big tax disadvantage compared to couples. In this video, I want to show you how retirement spending changes for a retired single vs couple with $1 million saved, and then I'll share some tips on what singles can do to help create the most efficient plan possible. If you have any questions about this video's topic or retirement planning in general, visit https://www.parallelwealth.com/ or use the links below to learn more about our services: ➡️Fee For Service Retirement Planning: https://www.parallelwealth.com/planning ➡️Retirement Income Program™: https://www.parallelwealth.com/investments ➡️Parallel Wealth Masterclass: https://www.parallelwealth.com/education Additional 3rd Party Links and Resources: 🔗Retirement Income for Life: Getting More without Saving More (Second Edition): https://amzn.to/3tvIdVN 🔗Free Credit Report with Borrowell: https://bit.ly/borrowellPWFG 🔗CPP Calculator: https://research-tools.pwlcapital.com/research/cpp The above affiliate links are provided for your convenience. If you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personal vetted each product and service we provide links to. DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes. The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content. TIMESTAMPS: 0:00 - Intro 0:38 - Disadvantages single retirees face 3:01 - Couple scenario with $1M saved 4:57 - Single scenario with $1M saved 5:37 - Comparison of tax & estate 7:40 - Focus areas for single retirees 11:02 - Proper planning for a single retiree 12:49 - Poor planning for a single retiree 15:11 - Tips