22. Income Splitting (SPLITS) and International Investing
Welcome to Episode 22 of Retire Me!
Today we discuss income splitting opportunities for everyone (not just retirees). To remember the opportunities, think of SPLITS.
S - Spousal RRSP's
P - Pay the Bills (higher income spouse)
L - Loans at fair market value
I - Income on income (second generation income)
T- TFSA's for family members
S - pay a reasonable salary to family members for working in your business
From there, we continue with our series on Key Questions for the Long Term Investor with Question 6 - Should I invest internationally. The answer is a resounding YES. Adding international stocks and bonds has historically increased your return and reduced your volatility over time.
Full show notes and links will be on my blog shortly at www.walhoutfinancial.ca/retire-me
Thanks for listening and have a great week!
Mark