Doing These Things Before December 31 Could Save You Thousands
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In Episode 11 of our retirement series, "Second Act", I walk through a year-end checklist for retirees, covering income decisions, RRIF/TFSA rules, charitable giving, estate updates, and portfolio tune-ups to ensure a smoother and more tax-efficient retirement.
Also in this episode:
🧾 Reflecting on the year helps uncover spending surprises and potential plan adjustments.
📉 RRSP and RRIF timing can make a big difference in tax efficiency.
🎁 Charitable donations and family gifting offer emotional and tax advantages.
📊 Rebalancing your portfolio now helps maintain proper risk levels.
📂 Estate planning updates save stress and prevent costly errors later.
🎯 Setting goals for the new year defines your income needs and lifestyle direction.
Thank you to Harvest ETFs for supporting this series.
Learn more about Harvest here: https://harvestportfolios.com/
Harvest Insights: https://harvestportfolios.com/insights/
Chapters
00:00 Intro
00:50 The Big Picture - Time to Reflect
03:18 Registered Deadlines
05:16 TFSA Transactions
06:42 Harvest Insights
07:49 Gifts & Giving
09:15 Portfolio Checkup
10:50 Estate Planning
12:44 Looking Forward to Next Year
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The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.
