About this episode

Adam Bornn discusses effective retirement planning and common pitfalls to avoid.

Our guest this episode is Adam Bornn — founder of Parallel Wealth Financial Group and the creator of the Parallel Wealth YouTube channel, one of Canada's largest channels devoted to retirement planning. Adam returns to the show to focus on a single, high-stakes subject: how Canadians can build a retirement plan that actually works, and the common mistakes that quietly derail one. In this episode, Dave and Adam dive into the realities of the retirement transition, from the most common mistakes people make to how to balance spending early with the cost of care later in life. They break down the "go-go, slow-go and no-go" years, why health and finding joy matter as much as the numbers, and when the ideal time to start planning really is. Adam also explains when it makes sense to convert an RRSP to a RRIF and how a TFSA can act as a flexible lever account inside a broader plan. The conversation also explores the issues that complicate real-world retirement, including the squeeze on the sandwich generation, why more retirees are helping their adult kids financially, and how to plan around large age gaps or being single. Adam digs into some of the costliest missteps too, from taking…

People in this episode

Host: Dave

Guest: Adam Bornn

Topics covered

• retirement planning
• common mistakes
• financial advice
• tax planning
• retirement transition
• financial independence

Keywords

• retirement plan
• CPP
• RRSP
• RRIF
• TFSA
• OAS clawback
• financial planning
• sandwich generation
• tax planning

Mentioned in this episode

Organizations: Parallel Wealth Financial Group, Parallel Wealth YouTube channel

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