In this episode of the Canadian Retirement Roadmap, host Patrick Briscoe discusses the delicate balance between helping your kids financially and securing your own retirement. 

The episode introduces the 'emotional paradox of generosity,' explaining how a well-intentioned gift can lead to future financial shortfalls. 

Key financial concepts such as the Rule of 72 are explained to illustrate how money doubles over time and the true cost of present-day gifts.

Through a real-life example, Jane Smith's financial planning scenario demonstrates the long-term impact of a $50,000 gift. 

Patrick advises on running numbers, asking the right questions, and integrating gifts into your retirement plan to ensure both your and your children's futures remain secure.

Download the free guide on retirement gifting and opportunity cost at BayswaterWealth.ca/podcast to further understand the impact of financial generosity. 

Follow and share to help others give with confidence.

00:00 Introduction to the Canadian Retirement Roadmap

01:01 The Emotional Paradox of Generosity

02:02 Understanding the Rule of 72

03:53 Case Study: Jane Smith's Financial Plan

08:25 Steps to Give Without Regret

09:51 Conclusion and Resources

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🌐 Website: www.bayswaterwealth.ca

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⚠️ Disclaimer: The information shared in this video is for educational purposes only and is not tailored financial advice. Every individual’s situation is unique — please consult with a qualified financial planner before making decisions about your personal finances.