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The Canadian Money RoadmapHow to build a $500,000 portfolioEvan marks 500,000 podcast downloads and shows how the same four habits that grew The Canadian Money Roadmap can grow a half‑million‑dollar investment portfolio:Stay consistent (not necessarily perfect)Lay a solid plan before you startAutomate the boring stuffKnow when to outsourceHear real‑life client stories, quick wins you can steal today, and why the right metrics matter more than having a big pile of cash. If you want a clear, doable path to your first $500k (and beyond), this episode is for you.Think...2025-06-1119 minThe Canadian Money RoadmapWhat's next for Evan and this podcastBuild your Retirement Plan With EvanThis episode is an update on where I've been and where I'm going next. I'll see you very soon with new episodes!Everything But Money - Live event with Jessica Moorhouse in SaskatoonThinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2025-03-2805 minThe Canadian Money RoadmapHow to not run out of money in retirementIn this episode of the Canadian Money Roadmap Podcast, Evan Neufeld discusses seven strategies to manage investment risk in your portfolio as you prepare for retirement. Topics include diversification, rules-based implementation, adding bonds, holding cash, annuities, deferring CPP, and using put options. These methods aim to help you retire with confidence while reducing the volatility and uncertainty of your investments. Remember to consult with a financial professional before making any changes to your portfolio.00:00 Introduction: Politics and Your Portfolio00:23 Seven Ways to Manage Investment Risk00:53 Diversification: Don't Put All Your...2025-01-2914 minThe Canadian Money RoadmapYour retirement income just changed. Here's whyIn this episode, Evan Neufeld delves into how retirement income can fluctuate for Canadian retirees in 2025. Learn about the implications of converting RRSPs to RRIFs, including changes in minimum withdrawal amounts, portfolio balance changes, and withholding tax. Evan also explains the complexities of LIFs, inflation adjustments for CPP and OAS benefits, and offers practical advice to plan for these changes in your retirement income.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2025-01-0813 minThe Canadian Money RoadmapIncome tax is changing in 2025. Here's what's new and what isn't...Book an intro call with Evan Neufeld, CFP®Watch this episode on YouTubeCredit for the idea for this video goes to Aaron Hector from CWB Wealth. You can find more of his insights on X and LinkedIn: https://x.com/AaronHectorCFP https://www.linkedin.com/in/aaronhector/In this video, we discuss the recent changes announced by the Canadian government to income tax brackets and various benefits for 2025. These changes include a 2.7% increase to match inflation. While many benefits will see an increase, some elements such as the CPP...2024-12-2312 minThe Canadian Money RoadmapFinancial Checklist To Set You Up For 2025Watch this episode on YouTubeAs the year draws to a close, Evan shares nine powerful strategies to enhance your financial health, decrease your tax liabilities, and set yourself up for future success. Whether you're retired, working, or just starting your financial journey, this episode offers valuable insights including a new update relevant for 2024. Topics covered include opening a first home savings account (FHSA), tax loss/gain harvesting, timing TFSA redemptions, charitable giving, RRSP and RESP contributions, RRIF conversions, and the benefits of a registered disability savings plan (RDSP). Tune in to ensure you're on the right f...2024-11-2720 minThe Canadian Money Roadmap7 Tips for a Fulfilling and Purposeful RetirementWatch this episode on YouTubeIn this episode of the Canadian Money Roadmap Podcast, we explore seven actionable ideas to ensure a fun, fulfilling, and purposeful retirement. Moving beyond the financial aspects of retirement planning, Evan delves into the importance of creating structure, lifelong learning, building intentional relationships, focusing on health and wellness, giving back through service, engaging in creative pursuits, and thinking about your legacy. Through real-life examples and practical advice, this episode is designed to help you plan for a rewarding retirement experience.00:00 Introduction: Purposeful Retirement00:30 The Importance of Planning Beyond Finances2024-11-0623 minThe Canadian Money RoadmapRetire on AutopilotWatch this episode on YouTubeIn this episode, Evan outlines three key decisions to set up your retirement on autopilot: asset allocation, choosing the right plan type like RRSP or TFSA, and deciding how much to regularly invest. Learn how to simplify your retirement investing strategy with clear, actionable steps.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2024-10-2325 min
The Canadian Money RoadmapHow to calculate your retirement numberIn 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 Number00:31 Welcome and Background Information01:04 Overview of the R...2024-10-0925 minThe Canadian Money RoadmapBuilding Your Dream Retirement: Setting Targets and GoalsIn 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...2024-09-1820 minThe Canadian Money RoadmapDon’t even THINK about retirement before doing these 5 thingsInvest With EvanWatch this episode on YouTubeIn today's episode of the Canadian Money Roadmap Podcast, we continue our Retirement Roadmap Series by focusing on the foundational elements necessary for a secure retirement. We discuss essential steps like ensuring consistent cash flow, getting disability and life insurance, setting up a will, and eliminating high-interest debt. We also feature a real-world analogy of the Millennium Tower in San Francisco to underline the importance of a strong foundation. Join us as we outline how to set the groundwork for a stable financial future.2024-09-1129 minThe Canadian Money RoadmapYour kids can graduate university debt-free | Feat. Jason Yee, CEO of GrantMeWatch this episode on YouTubeIn this episode of the Canadian Money Roadmap podcast, host Evan Neufeld chats with Jason Yee, the dynamic co-founder and CEO of GrantMe. Jason shares invaluable insights on how Canadian families can navigate their way to a debt-free university education for their children. From understanding the difference between grants, bursaries, and scholarships to the strategic timing of applications, Jason covers it all. Whether you’re a parent looking to ease the financial burden of your child’s education or a student preparing for the future, this conversation is packed with actionable advice. Tune...2024-08-2844 minThe Canadian Money RoadmapMy career path as an independent CFP® ProfessionalIn this episode of the Canadian Money Roadmap Podcast, host Evan Neufeld shares his personal journey to becoming a certified financial planner at an independent investment firm in Canada. Evan discusses his educational background, early entrepreneurial ventures, and the pivotal moments that led him to his current role. He elaborates on his experience transitioning his firm's dealer to Sterling Mutuals and explains what it means to work at an independent firm. Evan also shares insights into his business practices and his plans for the podcast and his YouTube channel over the summer.Email Evan at hello@evanneufeld...2024-06-1227 min
The Canadian Money RoadmapRetirement Reality Check: Know Your Income NeedsIn today's episode, we're tackling one of the biggest challenges pre-retirees face: accurately calculating their retirement income needs. Many people underestimate their expenses, leading to potential shortfalls in their retirement planning.Join host Evan Neufeld as he breaks down the essential expenses you'll need to consider, including those that will remain, those that will disappear, and new ones that might arise. Evan provides practical tips and a free downloadable spreadsheet to help you categorize and estimate your spending, ensuring you have a clear roadmap to a secure retirement.Thinking about retirement? Get your Retirement Readiness...2024-06-0512 minThe Canadian Money RoadmapAsk Evan: Your Financial Questions on Taxes, Investing, and RetirementIn this episode of the Canadian Money Roadmap Podcast, Evan Neufeld addresses a wide range of listener questions. Topics covered include understanding capital gains on property sales, taxation of CPP payments, investment strategies for different time horizons, setting up custodial accounts for children, and managing pensions from previous employers. Evan offers practical financial advice, discusses the importance of timeline-specific investment risk, and highlights the value of working with a financial advisor. 00:00 Welcome to the Canadian Money Roadmap Podcast01:49 Capital Gains: Understanding Taxes on Property Sales05:12 Decoding CPP Taxes: Monthly or Yearly?06:47 In...2024-05-2924 minThe Canadian Money RoadmapCan you retire at 55 with $500,000 in Canada?Can You Retire at 55 in Canada with $500,000? Watch this episode on YouTubeIn this special Tuesday edition of the Canadian Money Roadmap Podcast, host Evan Neufeld shares the audio from his recent YouTube video discussing the feasibility of retiring with $500,000 in savings for a 55-year-old couple. He explores various factors such as spending needs, savings strategies, and the impact of deferring Canada Pension Plan (CPP) benefits to age 70. Using retirement planning software and Monte Carlo analysis, Evan evaluates the couple's retirement projections, highlights shortfalls, and suggests changes to create a successful retirement plan. Key recommendations...2024-05-2813 minThe Canadian Money RoadmapThe Secret Ingredients of Stock Market Success**I usually keep my episode descriptions pretty minimal but this AI generated description was too flavourful to keep to myself. Enjoy.**Ever find yourself marveling at grandma's mouthwatering dishes, only to discover her "secret ingredient" was something quite unexpected? That's the essence of my snowy Saskatchewan weekend revelation: the culinary magic of MSG is akin to the world of factor investing—both can enhance the outcome in surprisingly simple ways. Hitch a ride with me, Evan Neufeld, as we stew over how a pinch of systematic factor investing can potentially spice up your portfolio. We're stirring the pot...2024-03-0611 minThe Canadian Money RoadmapTrust The ProcessTo be a successful investor, you need to have a process for making investment decisions. To be more specific, you need to have a good process. In this episode, I talk about some of the things you need to consider to make sure you have a good investment process that can be repeated over and over again.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2023-04-2617 minThe Canadian Money RoadmapEstate Planning Isn't Scary with Lauren ScharfsteinThe legal side of money is one most people don't spend much time on but it can have a massive impact on your loved ones. Lauren Scharfstein is an estate lawyer at Scharfstein LLP here in Saskatoon and she walks us through how we can be proactive with estate planning (yes, even us "young" people) so we can feel empowered and confident with our money. You can connect with Lauren by email at lscharfstein@scharfsteinlaw.com.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With Evan...2023-04-1943 minThe Canadian Money RoadmapMaximizing the First Home Savings Account: A Complete Guide with Aaron Hector CFP®, R.F.P., TEPHot off the presses, the First Home Savings Account is a new account type that will help Canadians build a tax free down payment on their first home. However, it is much more valuable than that and Aaron Hector walks us through all of the details and how to maximize the value of this new account.Follow Aaron Hector on Twitter to keep up with more of his expert insight on finances for Canadians.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact...2023-04-1246 minThe Canadian Money RoadmapGovernment Spending, Higher Oil Prices and a $1 Billion LawsuitA roundup of some recent news items including the federal budget, oil price increases, minimum wage increases and a lawsuit against YouTubers promoting FTX.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2023-04-0515 minThe Canadian Money RoadmapDumb Money Mistakes I've MadeAn honest discussion of some things I've done that are "dumb" on paper but made sense for my own situation. Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2023-03-2921 minThe Canadian Money RoadmapUnderstanding Your Workplace Benefits with Andrea Hansen CFP®Andrea Hansen is the president of Sutton Benefits and Pension and is an expert in all aspects of workplace benefits plans. She joins me on this episode to help us all understand what to be looking for if you're considering a new job or what questions to ask to better understand your benefits at your current employer.If you are a business owner in SK or AB and would like to get in touch with Andrea regarding your total rewards, please reach out to her by email at ahansen@suttonplanning.ca or connect with her on LinkedIn.2023-03-2243 minThe Canadian Money RoadmapWhat happened to Silicon Valley Bank??A bonus episode for all of you who aren't quite sure what has been going on with the banking sector in the US and specifically with Silicon Valley Bank.For an "in the weeds" look at the situation, check out The Demise of Silicon Valley Bank by Marc Rubinstein.Let me know what you think at hello@evanneufeld.comThinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2023-03-1714 minThe Canadian Money RoadmapHow To Maximize The Value of Your RRSPSome easy and some not so easy things you can do to maximize the value of your RRSP and to help you decide whether you should be using an RRSP in the first place.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2023-03-1515 minThe Canadian Money RoadmapYour Money LifeforceShort episode here about things you can do to start taking action on your finances to feel less overwhelm.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2023-03-0810 minThe Canadian Money Roadmap$1.7 Million & 1.7%: Retirement Needs and Returns MissedFirst episode of the month means another batch of New and Noteworthy. I take a look at a survey from BMO that found Canadians feel like they need $1.7 million to retire and give some reasons why that may or may not be the "right" number. Secondly, I review some research from Morningstar that looks at why investors' returns have been consistently lower (1.7% on average) than the funds and ETFs they invest in.Canadians now expect to need $1.7M in order to retire: BMO surveyMind the Gap 2022: A report on...2023-03-0120 minThe Canadian Money RoadmapCorporations: Benefits, Taxes and Investing Considerations with Mark McGrath CFP®, CIM®, CLU®.In this episode, I'm joined by Mark McGrath CFP®, CIM®, CLU® who provides a masterclass on all things corporations. If you're a small business owner, medical professional, engineer or on your way to becoming any of these, this episode will be a great resource for you.If you'd like to connect with Mark, you can find him on Twitter, LinkedIn or by email at mark@sweeneybride.com.Mark McGrath is a Wealth Advisor with Wellington-Altus Private Wealth. The information contained in this podcast is the opinion of the author. This content is for informational purposes onl...2023-02-2242 minThe Canadian Money RoadmapYour Investment Approach: Small Cap and Value StocksThis is the last instalment in my series on building your own investment approach and I highlight how you can adjust your portfolio to increase your expected returns over time; investing in small cap and value stocks.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2023-02-1524 minThe Canadian Money RoadmapYour Investment Approach: DiversificationSome very influential people think that "diversification is for idiots". In this episode I cover why I think diversification is actually critical to your investment approach.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2023-02-0821 minThe Canadian Money Roadmap4.5% Interest Rates, Grocery Prices and Tech LayoffsA quick look at a few news items that caught my attention recently about the latest Bank of Canada rate increase, grocery price increases coming and layoffs in the tech industry.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2023-02-0121 minThe Canadian Money RoadmapYour Investment Approach: Active vs PassiveThis is probably the factor that will have the most impact over how you see investing and how you construct your portfolio. However, listen through to the end as I explain how Passive and Active shouldn't necessarily be seen as "one or the other" and more as a grid for how you see the investing world and how you implement it for yourself.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2023-01-2523 minThe Canadian Money RoadmapYour Investment Approach: Strategic or TacticalThe next step in building your own investment approach is deciding when you want to make changes to your asset allocation. Do you want to change when the market changes hoping to time the market (tactical) or do you want to maintain a steady allocation changing when your situation changes (strategic)?Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2023-01-1820 minThe Canadian Money RoadmapYour Investment Approach: Stocks and BondsThe basic mix of stocks and bonds in your portfolio is often called your asset allocation. In this episode, I'll explain why it is valuable to understand the benefits of establishing your asset allocation and how you can determine a mix that works best for you. There isn't a right or wrong mix! The best portfolio is the one that you can stick with the longest.This series will take you beyond the simplistic advice you've likely seen on the internet. It's not about making things more complicated, it's about giving you the full story so you...2023-01-1125 minThe Canadian Money RoadmapBuilding Your Investment ApproachIn this episode, I introduce my upcoming series on developing your own investment approach. Much like the weight loss advice of "eat better and exercise", I think we can get a bit more specific on understanding an investment approach beyond "just buy an index fund". I have no problem with index funds whatsoever but this series will dig below the surface to help you understand what investment approach makes sense for you whether you work with an advisor or go with a DIY approach.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTThinking about retirement? Get your...2023-01-0417 minThe Canadian Money RoadmapWhat you need to know going into 2023Thanks to all of you for listening in 2022! This year end episode covers a few things you need to know going into the new year related to TFSAs, CPP, tax bracket changes and the upcoming First Home Savings Account.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2022-12-2814 minThe Canadian Money Roadmap6 Benefits of professional financial advice with Steven Guenther, CFP®Working with a financial planner can add significant value to your financial life. However, it might not always be as cut and dry as certain commercials or media members will have you believe! Steven Guenther joins me today for an open conversation of some of the benefits of professional financial advice.Contact Steven GuentherThinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2022-12-1434 minThe Canadian Money RoadmapFinancial Mistakes To Avoid In Your 30'sThere are plenty of landmines to avoid when it comes to your money but in this episode I talk about 7 critical mistakes you'll want to be aware of in your 30's.If you're in your 20's, 40's, 50's or older, these are all relevant for you as well! But the decade of your 30's comes with unique challenges and opportunities that I wanted to focus on specifically.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2022-11-3022 minThe Canadian Money RoadmapAre you financially literate?November is Financial Literacy Month in Canada and this week's episode is dedicated to that! We talk about the importance and benefits of financial literacy and then walk you through a quiz to see where you'd land on the literacy scale.Of course, to help improve your financial literacy, please go back and listen to previous episodes of the podcast to learn more about the topics we discussed on this episode.Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2022-11-1622 minThe Canadian Money RoadmapYour Questions Answered - November 2022Thank you for all of your questions! In this podcast I cover off a few recent ones:1. Is now a good time to buy GICs?2. Did I buy the wrong investments?3. Should I sell and wait for the dust to settle?4. What's happening with credit card fees?Thinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2022-11-0217 minThe Canadian Money RoadmapUsing Factors to Invest SmarterYou've likely heard of active and passive investing but factor investing is somewhere in the middle. Sometimes called "smart beta", the idea behind factor investing is isolating the specific characteristics of an investment that can lead to outperformance, lower volatility or specific outcomes compared to the market as a whole. Build your financial plan with EvanOTHER EPISODESDividend InvestingThinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build your Retirement Plan With EvanContact Evan 2022-10-1922 minThe Canadian Money RoadmapUnderstanding the Stock Market and IndexesThis is a foundational episode on the topic of investing. If you've ever wondered what "the market" really is or what an index is, this episode is for you. I've heard from so many people that they feel embarrassed to ask some of these questions but they want to start investing. This episode is a great place to start to build your understanding of the stock market.TOPICS IN THIS EPISODE1. What is the stock market?2. How does it work?3. What is an index?4. Which indexes are worth paying at...2022-10-0521 minThe Canadian Money RoadmapThe Wisest Investment with Robin TaubRobin Taub joins us today to discuss her book The Wisest Investment and how we can raise money-smart kids. Jordan and I both have young kids so this topic has been on my mind recently. As financial planners, we generally focus on retirees and business owner money issues instead of teaching the next generation about money so Robin's expertise was a great resource for us.To purchase a copy of her book and to find access to all the other resources she mentions in the episode, please go to https://robintaub.com or https://www.th...2022-09-2139 minThe Canadian Money RoadmapHow to reduce points of failure in your portfolioThere are a number of ways that an investor can get in their own way and fail to reach their goals. Today, we discuss how to reduce these single points of failure to increase your chance of investment success.Build your financial plan with EvanTOPICS IN THIS EPISODE1. Too much in any one country, sector or individual holding2. Not enough upside potential3. Speculation4. Insurance5. Spending habitsThinking about retirement? Get your Retirement Readiness Score 🇨🇦 Build y...2022-09-0726 min