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Wealth Management
Financial Myths That Will Ruin Your Retirement Dreams (On-Demand - CPABC)
DELIVERY FORMAT
Online On-Demand
SEMINAR TYPE
PD Seminar
Overview
There is a lot of confusion when it comes to retirement planning. How much will a family need to retire comfortably? Are RRSPs the best answer? Can the stock market be trusted?
The standard answers from the “experts” include: start an RRSP early and maximize your contributions, use the stock market and mutual funds for the best returns, put faith in a financial adviser. But what if those answers are wrong?
The problem is that much of the common advice is from people with a conflict of interest. Many are simply trying to sell financial products that make them money… at your expense. This course is designed to cut through the sales pitches and get to the simple truths.
The standard answers from the “experts” include: start an RRSP early and maximize your contributions, use the stock market and mutual funds for the best returns, put faith in a financial adviser. But what if those answers are wrong?
The problem is that much of the common advice is from people with a conflict of interest. Many are simply trying to sell financial products that make them money… at your expense. This course is designed to cut through the sales pitches and get to the simple truths.
Access expires 180 days from purchase date |
Applicable for
Individuals wishing to take charge of their personal finances and avoid all the traps.
Learning Objectives
- the 5 main myths the financial industry uses to make themselves rich
- calculate how much you'll need to retire using a free spreadsheet
- calculate the money-weighted rate of return for any portfolio for any period of time
- discover the advantages of paying off debt over investing in RRSPs
- find out about the effect of the stock market crash on short- and long-term returns
- identify why so many people are addicted to tax shelters
- uncover the dirty details of permanent life insurance and why term is better
- get all the latest figures for CPP and OAS
Content
The five main myths of retirement planning:
- If I had $1,000,000 I could retire. Why much less than a million might be sufficient.
- RRSPs are the holy grail of retirement. Explore an alternate strategy that is guaranteed, has no-risk, and eliminates fees.
- Don’t worry about your investments: You’ll be fine in the long run. Find out what your adviser doesn’t want you to know: you may not be making the eight to ten per cent a year they often talk about. Then use an Excel tool that cones with the course to calculate your own investment personal rate of return.
- Income taxes are the enemy. How tax schemes and shelters sabotage your personal finances and why they should be avoided at all costs.
- Buy permanent life insurance to secure your financial future. Who really needs it, who doesn’t, the perils of whole and universal life and how to get term life cheap.
Course Content Created: October 2019
Course Content Updated: June 2022
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
David Trahair, CPA, CAAbout This Product
On-Demand Courses by CPABC are recordings from live seminars, made available with any corresponding handout material, where available.
These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.
How to get started
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
Course Details
Cost
$180
Members
$205
Non-Members
Eligible Hours
- 4
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
Passport
- 5
- Credits
Special Notes
Access to all paid on-demand learning courses will be for 180 days from the date of purchase. Please disregard any reference to the dates of either August 31 or March 31 which is for internal purposes only.
Interested in similar content?
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.
Wealth Management
Financial Myths That Will Ruin Your Retirement Dreams (On-Demand - CPABC)
DELIVERY FORMAT
Online On-Demand
SEMINAR TYPE
PD Seminar
Course Details
Cost
$180
Members
$205
Non-Members
Eligible Hours
- 4
- CPD Hours
- 0
- Ethics Hours
- 0
- AML Hours
Passport
- 5
- Credits
Overview
There is a lot of confusion when it comes to retirement planning. How much will a family need to retire comfortably? Are RRSPs the best answer? Can the stock market be trusted?
The standard answers from the “experts” include: start an RRSP early and maximize your contributions, use the stock market and mutual funds for the best returns, put faith in a financial adviser. But what if those answers are wrong?
The problem is that much of the common advice is from people with a conflict of interest. Many are simply trying to sell financial products that make them money… at your expense. This course is designed to cut through the sales pitches and get to the simple truths.
The standard answers from the “experts” include: start an RRSP early and maximize your contributions, use the stock market and mutual funds for the best returns, put faith in a financial adviser. But what if those answers are wrong?
The problem is that much of the common advice is from people with a conflict of interest. Many are simply trying to sell financial products that make them money… at your expense. This course is designed to cut through the sales pitches and get to the simple truths.
Access expires 180 days from purchase date |
Applicable for
Individuals wishing to take charge of their personal finances and avoid all the traps.
Learning Objectives
- the 5 main myths the financial industry uses to make themselves rich
- calculate how much you'll need to retire using a free spreadsheet
- calculate the money-weighted rate of return for any portfolio for any period of time
- discover the advantages of paying off debt over investing in RRSPs
- find out about the effect of the stock market crash on short- and long-term returns
- identify why so many people are addicted to tax shelters
- uncover the dirty details of permanent life insurance and why term is better
- get all the latest figures for CPP and OAS
Content
The five main myths of retirement planning:
- If I had $1,000,000 I could retire. Why much less than a million might be sufficient.
- RRSPs are the holy grail of retirement. Explore an alternate strategy that is guaranteed, has no-risk, and eliminates fees.
- Don’t worry about your investments: You’ll be fine in the long run. Find out what your adviser doesn’t want you to know: you may not be making the eight to ten per cent a year they often talk about. Then use an Excel tool that cones with the course to calculate your own investment personal rate of return.
- Income taxes are the enemy. How tax schemes and shelters sabotage your personal finances and why they should be avoided at all costs.
- Buy permanent life insurance to secure your financial future. Who really needs it, who doesn’t, the perils of whole and universal life and how to get term life cheap.
Course Content Created: October 2019
Course Content Updated: June 2022
The information is current as of the creation or last updated date. While we strive to keep our inventory updated and periodically remove outdated titles, changes in accounting, tax, legislation and technology may occur. Purchasers should note the date and verify for themselves if the course is still relevant to their needs.Presenter
David Trahair, CPA, CAAbout This Product
On-Demand Courses by CPABC are recordings from live seminars, made available with any corresponding handout material, where available.
These titles are eligible for Verifiable CPD Hours – in order to claim these hours as verifiable, you will be required to successfully complete a short quiz. You will be able to print or save your electronic certificate of completion.
How to get started
Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.
Course Dates & Registration
Special Notes
Access to all paid on-demand learning courses will be for 180 days from the date of purchase. Please disregard any reference to the dates of either August 31 or March 31 which is for internal purposes only.
Interested in similar content?
Starting April 1, 2026, a 2.1% fee will be applied to all credit card transactions. Learn more about this fee and how it relates to PD registrations.