Retiring In Canada With $1,000,000: How Spending Differs For Singles vs Couples

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Singles retirees are at a big tax disadvantage compared to couples. In this video, I want to show you how retirement spending changes for a retired single vs couple with $1 million saved, and then I'll share some tips on what singles can do to help create the most efficient plan possible.

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DISCLAIMER: This presentation is for informational purposes only and should not be considered financial, investment, tax, or estate planning advice. All investments carry risk, and past performance does not guarantee future results. Any forward-looking statements are based on assumptions and may not reflect actual outcomes.

The content on this channel is for educational purposes only and does not provide specific investment or planning recommendations. Viewers should consult a qualified professional for retirement, tax, or estate planning guidance. Parallel Wealth and Adam Bornn are not responsible for any decisions made based on this content.

TIMESTAMPS:
0:00 - Intro
0:38 - Disadvantages single retirees face
3:01 - Couple scenario with $1M saved
4:57 - Single scenario with $1M saved
5:37 - Comparison of tax & estate
7:40 - Focus areas for single retirees
11:02 - Proper planning for a single retiree
12:49 - Poor planning for a single retiree
15:11 - Tips