Evan Neufeld - Financial Planner

05/06/2022

If you have debt or you're an investor in either stocks or bonds, rising interest rates will affect your financial life.

In this week's episode of The Canadian Money Roadmap podcast, we discuss what that means for you.

Search for The Canadian Money Roadmap on the podcast player of your choice or click below for the audio and full transcript

Transcript: Evan Neufeld: Hello and welcome back to the Canadian Money Roadmap podcast. I'm your host, Evan Neufeld. Today we are talking about interest rates and what that means for you, your investment life and your debt. Well, after a brief hiatus, I'm joined again by my co-host and colleag

03/01/2022

Lots of new podcast episodes over at The Canadian Money Roadmap recently.

If you're thinking about RRSPs, inflation, rising interest rates or the war in Ukraine, click on the link below to learn more

https://www.evanneufeld.com/podcast

12/30/2021

Look no further!

12/22/2021

The final episode of The Canadian Money Roadmap for 2021 is an exciting one!

International best-selling author Andrew Hallam is my guest where we talk about money as it relates to happiness, success, fulfillment and health.

You might be familiar with Andrew's first book, Millionaire Teacher, but even if you're not, you'll want to hear about his latest book called Balance: How to Invest and Spend for Happiness, Health and Wealth.

Find it anywhere you listen to podcasts on Wednesday December 29!

12/15/2021

Do you need $1M to retire? I think you probably already know the answer...

Transcript: Hello, and welcome back to the Canadian Money Roadmap podcast. I'm your host, Evan Neufeld. Today we're talking about the big one. How much do you actually need to save to be able to retire? Today we are continuing on with my retirement readiness series and this episode covers off the

12/02/2021

Thanks to all of you who listened to The Canadian Money Roadmap this year! Check it out on Spotify, Apple Podcasts or click the link below. Let's try to keep up that 999% growth rate 😄

https://www.evanneufeld.com/podcast

11/30/2021

Don't leave the tax man a tip! Remember to claim your charitable gifts when you file your taxes next year

11/24/2021

Revolutionary financial tip here.... The best way to save money on Black Friday is to stop buying junk you don't need.

"But it was a good deal" is the easiest way to start 2022 with a pile of debt.

This Christmas feels a little more like normal but resist the urge to splurge! Especially on credit cards if you can't afford to pay them off every month.

If you're planning to spend a bit more this year, look for high quality products.

Shop local.

Sleep on it before buying (these sales are always a week long anyways)

Maybe spend more on food and drinks with friends than on more disposable items you'll forget about in a few weeks.

Give to a local charity instead (the tax man will give you a gift in return!)

Giving gifts and going out with friends and family is one of the most enjoyable uses of money but it's very easy to go overboard.

Have fun but stay within your means to start 2022 the right way

11/18/2021

This has to be the most fun part of retirement planning...

Test out your ideal retirement lifestyle!

If you think you'd like to spend your financial freedom years in a warm weather location, try to extend your next visit beyond a week or 10 days. Try to do "non-vacation" type activities like volunteering. Go golfing as a single to meet other people.

Vacations are great but committing a lot of time and money to a second home is a big step!

Try it out first to make sure you know what you're getting into

11/16/2021

Retirement Red Zone Part 2!

I'll admit... There are a lot of things to consider when approaching retirement. Don't leave your retirement to chance! Start here and plan ahead

On the morning of December 6, 1917, as the First World War raged in Europe, two cargo ships the SS Imo and the Mont-Blanc, moved toward each other in a skinny channel known at the Narrows that connects the Halifax Harbour with Bedford Basin. Amidst heavy boat traffic, both ships were forced to the s

11/16/2021

Are you thinking about retiring in the next 5-10 years? If so, you find yourself in the Retirement Red Zone. Check out my latest blog post to learn more about what you should be prioritizing in these final working years

The term red zone was popularized by Joe Gibbs.   The legendary coach of the Washington Football Team coined the term in 1982 to designate the importance of plays run inside the twenty-yard line on either side of the field. Red zone&

10/08/2021

Use your TFSA more like a Tax-Free Retirement Account!

Here's 3 TFSA tips:

1. You can and should be using your TFSA to invest. 49% of Canadians don't know that you can have anything other than cash in a TFSA. Stocks, bonds, ETFs, and Mutual funds can all be held in a TFSA to grow your money over time

2. TFSAs aren't just for young people. You can think of your TFSA like a tax-free retirement account! The longer you leave it, the more tax-free money you can keep out of the government's hands

3. Avoid the extremes in a TFSA. Cash in a TFSA is a waste. Losing money on highly risky investments means that your TFSA contribution room is gone forever. Use a TFSA for diversified investments and hold them as long as possible get the most out of the tax-free benefit.