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If you've owned a home for a number of years, a lot of your wealth will be tied up there. Having wealth is a good problem to have...but as you inch towards retirement it can an issue.

Too many people look at the equity in their home as untouchable and extremely risky if they do mess around with it. However, it doesn’t have to be risky with a solid and strategic plan. The equity in your home can be used to build more wealth long term and put you in a better position to retire.

In this video we'll go through 2 scenarios. In the first one, we'll look into using the cash flow opened up when you finish off paying your mortgage. In the second scenario, we'll actually look into taking out a second mortgage to upfront your investments to create more income in retirement.
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Parallel Wealth offers three options to all Canadians to help meet their financial planning needs. We want to help support you in 2021 so you can succeed with all of your goals. If you are interested in any of these options, we would love to answer any questions you have for us:

1) Financial Masterclass: Whether you are approaching retirement, starting your professional career, or somewhere in between, this course will educate and empower you to make better financial and retirement decisions. With over 100 videos, the course covers a multitude of topics including taxes, estate planning, insurance, pension plans, & much more.

2) Fee for Service Financial Planning: Our office specializes in Financial Planning. We help with all aspects of the financial plan including retirement, budget, income, investing, debt, pension, tax and estate planning.

3) Fee Based Financial Planning: If you have a combined household investment portfolio of $500,000 or more, then our fee-based planning might be a better fit for you. Our clients usually see a fee reduction of close to 1% on this model compared to what they are currently paying their bank or financial institution they are currently invested through. Find out more about our firm at https://www.parallelwealth.com/planning
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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.