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PODCAST

AskTMFG The Podcast

AskTMFG, brought to you by The McClelland Financial Group of CI Assante Wealth Management Ltd, offers clear and straightforward guidance on investing, retirement planning, and wealth management. We address your most pressing financial questions and share practical strategies to help you plan with confidence and stay on track toward achieving your goals. Hosted by: Carlo Cansino, Senior Financial Advisor and John Iaconetti, Financial Advisor at The McClelland Financial Group of CI Assante Wealth

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All Episodes

8:05

Why Retirement Changes Once You Save $1M in Canada

AskTMFG The Podcast ·

2026/07/26

In this episode of the AskTMFG Podcast, Carlo Cansino and John Iaconetti unpack why hitting the $1 million mark in retirement savings isn't just a financial milestone; it's a psychological turning point, and what actually changes once you get there.They cover what a million-dollar portfolio can sustainably generate (roughly $7,000 a month after tax before government benefits are added), why the "touch RRSPs last" mindset often costs Canadians in lifetime tax, how income splitting becomes especially

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9:29

If I Was 67 With $1M in an RRSP and a Spouse - Here's...

AskTMFG The Podcast ·

2026/07/24

In this episode of the AskTMFG Podcast, Carlo Cansino breaks down the married couples' version of the retirement income plan, how a 67-year-old with $1 million in his RRSP and a 64-year-old spouse with $200,000 in hers can structure withdrawals to keep $10,000 to $20,000 more per year than couples who don't plan strategically together. He covers the key moves: converting a portion of an RRSP to a RIF before age 71 to unlock pension income splitting (something RRSP withdrawals alone don't allow),

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10:23

Why Retiring In Canada Is Cheaper Than You Think...

AskTMFG The Podcast ·

2026/07/19

In this episode of the AskTMFG Podcast, Carlo Cansino and John Iaconetti break down why the "$1.7 million to retire" headline number isn't the full story, and what actually determines your real retirement target at age 60.They cover the common mistakes Canadians make, like using a cookie-cutter savings figure instead of working from actual expenses, forgetting that CPP is permanently reduced by roughly 36% if taken at 60 instead of 65, and not accounting for the 5-year gap before Old Age Security

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12:16

Your Last Year Before Retirement: 5 Mistakes...

AskTMFG The Podcast ·

2026/07/17

In this episode of the AskTMFG Podcast, Carlo Cansino breaks down the 5 mistakes Canadians can't afford to make in their last year before retirement. He covers the common pitfalls, like delaying the RRSP meltdown until age 71 forces mandatory withdrawals, picking a CPP start date without modeling it against your full income picture, and triggering the OAS clawback by accident once RRIF minimums, CPP, and OAS stack together, plus how to sequence withdrawals across RRSP, TFSA, and non-registered

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5:42

Why Canadian Retirement Changes When You Get a Pension

AskTMFG The Podcast ·

2026/07/12

In this episode of the AskTMFG Podcast, Carlo Cansino and John Iaconetti break down why having a pension fundamentally changes your retirement strategy. They cover the common mistakes Canadians make, like failing to account for the tax impact of pension income, ignoring inflation's effect on fixed payments, and overlooking spousal survivor benefits, plus how to coordinate pension income with RRSPs, TFSAs, and personal savings for a tax-efficient plan. They also share a real example: how a

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10:57

Age 67, $1M RRSP, No Pension: My Exact Withdrawal Plan

AskTMFG The Podcast ·

2026/07/10

In this episode of the AskTMFG Podcast, Carlo Cansino walks through a step-by-step drawdown strategy for a 67-year-old retiree with $1M in an RRSP and no pension. He shows how CPP and OAS (boosted through deferral) form the income floor, why withdrawing $35,000/year from the RRSP before mandatory RIF conversion at 71 beats waiting, and how routing that money into the TFSA builds tax-free flexibility for later. Finally, he runs the real numbers at age 72 to show how this sequence keeps income safely

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13:36

"The Retirement Gap". Why Retirement Is Not What You...

AskTMFG The Podcast ·

2026/07/05

In this episode of the AskTMFG Podcast, Carlo Cansino and John Iaconetti explore why so many financially prepared Canadians still feel disappointed in retirement, a pattern they call the retirement disappointment gap. They dig into the psychological side of retirement that most planning ignores: loss of identity and structure after leaving work, how Canadian winters can deepen isolation, and how big life shifts (like sudden togetherness with a spouse, or losing one) reshape retirement in ways money

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10:14

RRSP to RRIF - The Conversion Trap Costing Canadians...

AskTMFG The Podcast ·

2026/07/03

In this episode of the AskTMFG Podcast, Senior Financial Advisor Carlo Cansino breaks down the RRSP-to-RRIF conversion mistake costing Canadians with $1M+ in savings up to $50,000 -$200,000 in avoidable lifetime taxes. The conversation covers the mandatory conversion deadline at age 71, rising minimum withdrawal rates, and how those withdrawals stack with CPP, OAS, and investment income to trigger higher tax brackets and OAS clawback. Carlo also explains the "RRIF bomb" that hits surviving spouses,

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8:28

20% Not Ready For Retirement in Canada! - Here's Why...

AskTMFG The Podcast ·

2026/06/28

In this episode of the AskTMFG Podcast, Financial Advisors Carlo Cansino and John Iaconetti dig into a striking statistic: 1 in 5 Canadians have NO retirement plan whatsoever. The conversation explores what the latest data reveals about retirement readiness in Canada, why RRSP contributions are falling sharply (especially among younger Canadians), and how rising costs, debt, and stagnant wages are pushing retirement planning down the road. They also break down the gaps in confidence

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11:43

Is the CRA About to Reduce Your OAS? What Canadians...

AskTMFG The Podcast ·

2026/06/26

In this episode of the AskTMFG Podcast, Carlo Cansino explains how the July 2026 Old Age Security recalculation could quietly reduce the monthly benefit of well-prepared Canadian retirees, often without any letter, phone call, or warning. The conversation explores why OAS is recalculated quarterly rather than once a year, and why the "clawback" catches far more retirees off guard than just the very wealthy. We also walk through the strategies still available before December 31st like drawing on the

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9:42

Why $1.5M In Retirement Savings May Not Be Enough

AskTMFG The Podcast ·

2026/06/21

In this episode of the AskTMFG Podcast, financial advisors Carlo Cansino and John Iaconetti tackle one of the most common retirement misconceptions Canadians hold: that reaching $1.5 million means you're financially set for retirement.The conversation explores why $1.5 million may not be the safe number many people assume, how inflation silently cuts purchasing power in half over a 30-year retirement, and why the popular 4% withdrawal rule may no longer hold up in today's environment of longer

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10:01

The Retirement Income Mistake Costing Canadians...

AskTMFG The Podcast ·

2026/06/19

In this episode of the AskTMFG Podcast, Carlo Cansino reveals how one retirement income strategy saved a Canadian retiree more than $200,000 in taxes, with the exact same savings, investments, and lifestyle as the alternative plan. The conversation explores why most retirees assume their tax bill in retirement is largely fixed, how withdrawing from the wrong account at the wrong time can cost tens of thousands in a single year, and why the biggest tax problems tend to build slowly and silently over

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12:25

The Surprising Cost of Delaying Retirement Past 60...

AskTMFG The Podcast ·

2026/06/14

In this episode of the AskTMFG Podcast, Financial Advisors Carlo Cansino and John Iaconetti reveal a truth that goes against conventional wisdom: Why delaying retirement past age 60 could actually be costing you.The conversation explores why age 60 is such a critical inflection point, why the old advice to "just work longer and save more" often backfires, and why chasing magic numbers like $1 million can lead Canadians to delay retirement unnecessarily. They also discuss the fears that keep people

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12:01

What Every Retiree Needs to Know Before Downsizing

AskTMFG The Podcast ·

2026/06/12

In this episode of the AskTMFG Podcast, we tackle one of the biggest transitions Canadians face in retirement: what to do after downsizing your family home.The conversation explores why downsizing is a retirement planning event rather than just a real estate decision, how a tax-free lump sum can affect taxes, OAS clawbacks, and long-term flexibility, and why the biggest mistakes happen after the sale closes. We also discuss the risks of making gifting or investment decisions too quickly, why

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7:41

I Stopped Saving at $1M… Here’s What Actually Happened

AskTMFG The Podcast ·

2026/06/07

In this episode of the AskTMFG Podcast, Financial Advisors Carlo Cansino and John Iaconetti tackle a question many Canadians ask after reaching a major financial milestone: What happens if you stop saving for retirement after accumulating $1 million?The conversation explores the psychological shift that often occurs after reaching seven figures, why $1 million can create a false sense of financial security, and how stopping contributions too early may impact long-term retirement outcomes. They also

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11:08

What Happens Financially When Your Spouse Dies?

AskTMFG The Podcast ·

2026/06/05

In this episode of the AskTMFG Podcast, Financial Advisor Carlo Cansino discusses one of the most overlooked retirement planning risks for Canadian couples: what happens financially when a spouse passes away. The conversation explores how retirement income can change after the loss of a spouse, including the impact on CPP survivor benefits, pensions, RRIF withdrawals, income splitting opportunities, and overall tax efficiency. Carlo and John explain why many surviving spouses are unprepared for the

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8:20

I Am 60 And Want To Never Work Again: Is 850k Enough...

AskTMFG The Podcast ·

2026/05/31

In this episode of the AskTMFG Podcast, Financial Advisors Carlo Cansino and John Iaconetti break down one of the most common retirement questions Canadians ask: Is $850,000 enough to retire and never work again?The conversation explores how CPP, OAS, withdrawal strategies, and spending habits can dramatically change what retirement actually looks like for Canadians. Carlo and John also discuss the importance of diversification, inflation protection, dynamic withdrawal planning, and managing

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12:48

The Hidden Cost of 'Minimum Only' RRIF Withdrawals...

AskTMFG The Podcast ·

2026/05/29

In this episode of the AskTMFG Podcast, Senior Financial Advisor Carlo Cansino explains why taking only the minimum RRIF withdrawal may not always lead to the best long-term tax outcome. The conversation explores how growing RRIF balances can eventually lead to larger mandatory withdrawals, higher taxable income, OAS clawbacks, and increased estate tax exposure later in retirement. We also break down strategies retirees may use to create a more stable, tax-efficient retirement income structure,

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8:32

How Pensions Change Everything For Your Retirement

AskTMFG The Podcast ·

2026/05/24

In this episode of the AskTMFG Podcast, Financial Advisors Carlo Cansino and John Iaconetti break down how the decline of pension coverage in Canada has completely changed retirement planning for millions of Canadians.They explain why having a pension can dramatically improve retirement security, and why not having one may require a very different savings and investment strategy. The conversation explores how pensions help reduce sequence of returns risk, create more predictable retirement

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10:37

The Estate Tax Trap Most Canadians Miss

AskTMFG The Podcast ·

2026/05/22

In this episode of the AskTMFG Podcast, Senior Financial Advisor Carlo Cansino breaks down the estate tax trap many Canadian retirees unknowingly build over time.He explains how RRSPs, RRIFs, cottages, and investment accounts can eventually create a large future tax bill if there’s no long-term withdrawal and estate strategy behind them. He explores how retirement income, RRIF withdrawals, and unrealized capital gains can stack together later in life or on a final tax return, often leaving families

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77 results

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