Today’s article is penned by my friend Kyle Prevost from MillionDollarJourney.ca. He has recently developed an affordable online course aimed at helping individuals strategize for their retirement. Many wonder about the value of such investment courses, so here is Kyle to explain the benefits of his program.
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“Am I going to be okay in retirement?”
“Is it true that I need $1.7 million to retire?”
“When should I start to focus on this – will I truly be financially ready for retirement?”
In response to these pressing inquiries, most mutual fund representatives from major Canadian institutions typically reply with something like:
“The key is investing. The more you save, the better off you’ll be. Look at this chart – and here’s another one illustrating how wonderful your life could be with more savings. Finally, here’s a third chart demonstrating that if you invest with us, you’ll end up with [insert number of millions here], as we select the best investments. We assist thousands of Canadians every day; we are experts in this field.”
As we approach the annual ‘RRSP Season’, the tradition of consulting with a financial advisor kicks off again. During these meetings, surrounded by free coffee and light conversations about family, weather, or local sports, discussions invariably turn back to investments, where complex financial terms are frequently tossed around, and reassurances are made, perpetuating the cycle.
Meanwhile, 2%+ of the client’s total portfolio is being siphoned off into the firm’s profits.
I’m not the first to express that Canada’s actively-managed mutual funds often underperform. Yet, despite the continued imbalance wherein over five times more money is invested in mutual funds compared to ETFs in Canada, it seems many individuals are still unaware.
Who Is This Author?
I’m Kyle Prevost, and I’m the high school teacher your retirement plan would have greatly benefited from in the past.
Thanks to Barry for allowing me to reach out to Canadians about crucial topics like withdrawal strategies and RRIFs!
I have been sharing insights on personal finance in Canada for 16 years. Perhaps you caught Barry and me discussing these topics at the Canadian Financial Summit, or recognized my writings published in Moneysense or on MillionDollarJourney.ca.
After 16 years, I’m enthusiastic about my latest venture, the most thorough and well-researched guide I’ve created to date.
This is the first comprehensive online curriculum tailored for Canadians ready to align their retirement plans—whether their retirement is two decades away or just around the corner. Will it involve relaxing by the beach or a mix of part-time work and travel? Regardless, I have it covered.
It is named **4 Steps for a Worry-Free Retirement** – find more details here.
Is This Course Valuable If I’ve Read Articles and Books on Investing?
Certainly, there’s a wealth of solid information available in blogs and books. However, **4 Steps for a Worry-Free Retirement** offers several benefits over them.
- All material is consolidated in one location. No more bookmarking specific articles to revisit. Everything is organized logically, allowing for easy access whenever you need to review or verify information.
- Content gets instant updates. For instance, I have recently included all the new CPP/OAS and tax information for 2024. Unlike books, which become outdated shortly after they’re published, the course remains current.
- Merely reading isn’t always the best way to grasp a subject. The course features original video explanations, over 25 full-length interviews from the Canadian Financial Summit, a downloadable workbook, and manageable action steps.
- Gain access to our online **Worry-Free Study Hall**. This is essentially a private discussion area, resembling a Facebook thread only visible to course participants. You can ask questions or share answers anonymously, and I respond to all queries, providing a platform for communal learning.
How Can I Be Sure This Course Is Effective?
Don’t just take my word for it. Listen to what Canadian personal finance experts have to say about **4 Steps to a Worry-Free Retirement**:
- Check out this podcast featuring Ellen Roseman, a long-time Toronto Star columnist, discussing her thorough review of the course.
- If you enjoy podcasts, I discussed the course with Kornel Szrejber on the Build Wealth Canada Podcast and with Mike Heroux on The Dividend Guy Podcast.
- Retirement specialist Jonathan Chevreau from Moneysense and the Financial Post also shared his thoughts; you can find his review here.
- I even made an appearance on the TV show **Money Matters** with Mike Braga; check out the episode here.
According to Jason Heath, a fee-only financial planner and columnist from Objective Financial Partners, “Kyle’s course is an excellent resource for individuals preparing for retirement or currently retired. While there isn’t one definitive method for managing finances, he distills numerous best practices into accessible language, making it easier for individuals to determine what suits them. His teaching background shines through in the course, contrasting significantly with how many financial professionals present information.”
What Is the Cost of the Course?
For the immense effort of developing this resource, which entailed thousands of research hours, continuous updates, and personalized support for your questions, the course is priced at $500.
However, for the first 20 readers from Money We Have who register, I’m offering a discount of $100. Use the promo code: money100. Be sure to click “Have a Coupon” on the order screen here, and enter the code: money100
I understand that $400 is a considerable investment; it’s roughly half the price of a university course nowadays.
If you find that the course does not offer twice the value of any university course, I will gladly refund your money. I’m not focused on quick sales. If you are dissatisfied, I prefer you don’t associate me with a negative experience. Simply put, if you’re convinced that the tax optimizations alone won’t save you more than the cost of the course, I’ll refund your purchase.
That’s straightforward.
No gimmicks. No hidden charges or kickbacks. No upselling to a “VIP tier” for the ultimate content. Just a clear and upfront price for a resource I firmly believe in.
What Topics Will I Learn in the Course?
Feel free to visit the course website here for a complete overview of everything included.
To give you a taste, here’s a glimpse of the subjects addressed:
- Determining How Much I Need for Retirement
- Calculating My CPP Payment
- Estimating My OAS Payment
- Understanding Private Pension Plans
- Safe Withdrawal Rates and the 4% Rule
- Working During Retirement
- Investment Choices
- How to Buy and Sell Investments
- Withdrawal Strategies from RRSP, TFSA, and Other Accounts
- Transitioning from RRSP to RRIF
- Purchasing Annuities
- Retiring With a Mortgage
- Downsizing vs Reverse Mortgage vs HELOC
- Considering Long-Term Care Insurance
- Life Insurance in Retirement
- Enjoying More Sunshine in Retirement
- Bonus Resources, including a checklist for retirement-specific tax breaks
In conclusion, I want to emphasize two points:
- The course comes with a money-back guarantee, eliminating any risk.
- The first 20 individuals using the promo code: money100 will receive a $100 discount.
Supporting the Fight Against “Big Mutual Funds”
I’m stepping out of my comfort zone to effectively advocate for a resource that can significantly benefit lives.
This is a more challenging task than it sounds. The marketplace is inundated with solutions promising to solve your problems magically, making it difficult to highlight a genuine resource that can create significant change.
I’m a teacher, not a salesman.
4 Steps to a Worry-Free Retirement isn’t a magical solution.
I haven’t got “the one secret” that resolves all issues.
This course is built on aiding individuals, crafted as if I were creating it for my own parents—ordinary Canadians who have an idea of their retirement aspirations yet are overwhelmed with questions.
Your trust is important. That’s why I’m candid about the methodologies I employed in crafting this course: thousands of articles read, over 500 interviews with Canadian experts, multiple reviews of books, and seeking constructive feedback to enhance the content. I genuinely believe this course can significantly assist many Canadians—provided they know about it!
I hope you’ll consider exploring the course here, and if you believe it could be beneficial, please share it with someone else.
I’ve learned that personal recommendations resonate more than ads. Barry’s support allows me to connect with you, as we trust one another. If you mention to a friend, “There’s this dedicated teacher who invested an extensive amount of time discussing how Canadians can better their retirement—this is worth checking,” I would be deeply appreciative.
Thank you for your time and consideration!
I’m looking forward to welcoming you to my virtual classroom—remember to use the promo code money100, as it’s exclusively available to the first 20 enrollees.