Today we have Susan Daley on the show and we're going to talk all about early retirement, such us how to pull it off, what to look out for, and some of the most common mistakes that Canadians make when trying to plan this out. Susan is an Associate Portfolio Manager at PWL Capital in Waterloo, where she provides financial planning and investment management services to a wide range of clients. She's also an Honours BBA graduate from Wilfrid Laurier University, which is actually where I graduated from too, so it's always fun to chat with a fellow grad about best practices when it comes to financial planning and investing. Links and Resources Top Tools and Resources for Financial Independence (for Canadians): Sign up anywhere on www.BuildWealthCanada.ca for a free guide on all the top tools and sites that I've personally used to help us achieve financial independence in our early 30s. They're also what we use now to optimize and manage our finances, and ensure that we're paying the lowest fees while getting solid returns on our investments. Kornel's investing course with free sample lessons at www.BuildWealthCanada.ca/invest You can reach out to Susan at [email protected] and she's at www.pwlcapital.com/waterloo Questions Covered: For somebody that is saving money for a large purchase like a house, wedding, a car, etc., where do you suggest they keep their money to let it grow safely? What to consider when deciding between RRSP vs TFSA vs non-registered? What if you're planning to retire or semi-retire early (ex. 30s or 40s where it's still a long time before government benefits come in). Does that change anything in terms of what accounts you put the funds in? Is there any time that you would use a non-registered account before using an RRSP and TFSA? How to determine if you've saved enough to retire early? Once you hit that number, what changes do you make to your portfolio since now you're focused on sustainability instead of growth (changes in terms of asset allocation, and the investment products you choose). Would the answer be different if the person is in their 60s and about to receive government benefits vs if they are retired much earlier (ex. 40s)? What cash cushion do you recommend for those in retirement and semi-retirement? Some advisors recommend real return bonds for those in retirement. What are your thoughts? How to decide what accounts to take money from in retirement? (RRSP vs TFSA vs non-registered)

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