Joe Macek, Investment Advisor Portfolio Manager iA Private Wealth

This COMMON RRSP Blunder Could Cost You 40%! Don’t Let Your RRSP Drain Away! Many Are Making This Catastrophic RRSP Error — 40% of Your Savings could be at Risk! The Most Common Missed Element of Retirement Planning We’re going to go in-depth on a serious issue that could affect your financial future today:  the possibility of losing up to 40% of your RSP savings — or more.  But don’t worry, — I’m not just here to sound the alarm; I ’m here to provide you doable ways to lessen this risk.  Permit me to explain what I believe to be one of the most important  but underappreciated parts of retirement preparation.  Notwithstanding my over two decades of experience helping people with their retirement planning,  I’ve seen time and time again that when planning their financial path for their golden years, a lot of people miss this important element. The worst part is that this problem  gets worse the more successful you are at saving for retirement.  If ...

Why a Roth IRA Conversion Could Be Your Ultimate Money Move! Unleashing the Power of Roth IRA Conversion: Incredible Benefits and Shocking Drawbacks You Must Know! Have you thought about converting a pre-tax retirement account into a Roth account as you near retirement? Converting pre-tax retirement accounts, such as IRAs, into after-tax Roth IRAs can offer the advantage of continued tax-free growth and tax-free withdrawals during retirement. Determining if this is the right retirement savings strategy for you may benefit from a discussion with a financial advisor. Studies indicate that individuals collaborating with a financial advisor tend to feel more secure about their financial situation and could potentially accumulate roughly 15% more savings for retirement. According to a 2022 Northwestern Mutual study, a significant 62% of American adults recognize the need for better financial planning. Surprisingly, only 35% of Americans currently engage with a financial advisor. Fundamental...