Retirement Straight Talk With Paul & William

This week, Paul & William reflect on their careers thus far. Drawing from their wealth of experience in wealth management and financial planning, they share 14 invaluable lessons they've learned that can empower listeners to take control of their financial futures. Throughout the show, Paul & William share personal anecdotes and real-world examples that illustrate the impact of sound financial decision-making.Topics discussed include:How experiences shape your perception of riskIntelligence doesn't guarantee investment successThe benefits of being an optimistHow overthinking can be just as bad as not thinking at allAnd much more!Links From Today's Episode:Ben Carlson "20 Lessons From 20 Years of Managing Money" https://awealthofcommonsense.com/2024/03/20-lessons-from-20-years-of-managing-money/Connect With Paul & William:Click here to book a call with PaulClick here to book a call with WilliamConnect with Paul on LinkedinConnect with William on LinkedinFollow William on TwitterThe views and opinions expressed in this podcast may not necessarily reflect those of IPC Securities Corporation. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

Is your financial planner truly providing value by focusing solely on investments?  This week, Paul & William discuss the misconception that the most important job of a financial planner is to pick investments.  While investment management is undoubtedly important, various aspects of financial planning often get overlooked. From comprehensive retirement planning to tax optimization strategies, estate planning, risk management, and even personal finance education, there's a myriad of areas where a skilled financial planner can substantially impact their clients' financial well-being. They discuss the common pitfalls of fixating solely on investment discussions, such as neglecting crucial aspects of financial planning that could greatly benefit clients in the long run.  Listeners will gain a deeper understanding of the diverse roles financial planners can play in their lives beyond simply picking stocks or mutual funds. Connect With Paul & William:Click here to book a call with PaulClick here to book a call with WilliamConnect with Paul on LinkedinConnect with William on LinkedinFollow William on TwitterThe views and opinions expressed in this podcast may not necessarily reflect those of IPC Securities Corporation. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

This week, Paul & William examine 6 underappreciated risks of retirement that often get overlooked. While many focus on financial preparedness, there are several other crucial risks are frequently underestimated or ignored altogether.Join us as we uncover 6 underappreciated risks that could significantly impact your retirement year, including:Critical Financial Events: Unexpected expenses like healthcare can easily erode savings. Paul and William discuss strategies to mitigate against theseMarket Volatility: The stock market can be unpredictable, and retirees are not immune to its fluctuations. Discover effective investment strategies to mitigate the impact of market volatility on your retirement portfolio.Inflation Erosion: Understand how inflation can erode purchasing power over time, affecting retirees' ability to maintain their desired standard of living throughout their retirement years.Longevity Risk: Examine the challenges posed by longer life expectancies, including the potential for outliving retirement savings and the importance of planning for extended lifespans.Throughout the episode, Paul & William provide actionable advice and practical tips for navigating these underappreciated risks, empowering listeners to make informed decisions to safeguard their retirement. Whether you're approaching retirement or already enjoying your golden years, this episode is a must-listen for anyone concerned about securing their financial future.Connect With Paul & William:Click here to book a call with PaulClick here to book a call with WilliamConnect with Paul on LinkedinConnect with William on LinkedinFollow William on TwitterThe views and opinions expressed in this podcast may not necessarily reflect those of IPC Securities Corporation. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

Whether you're a business owner, investor, or individual taxpayer, understanding how to minimize your tax liability is crucial for building and preserving wealth. Our conversation covers a spectrum of actionable insights, from commonly overlooked deductions to advanced tax planning techniques that can make a significant impact on your bottom line.We kick off the episode by demystifying the fundamentals of tax reduction, exploring the key principles that serve as the foundation for any effective strategy. From there, we move into practical tips and tricks that you can implement right away to legally and ethically lower your tax burden.Expect to gain valuable insights on:1. Investment Opportunities: Uncover tax-efficient investment strategies that not only grow your wealth but also minimize the tax implications associated with capital gains, dividends, and more.2. Retirement Planning: Learn how smart retirement planning can lead to tax advantages, with a focus on tax-advantaged retirement accounts and distribution strategies.3. Estate Planning: Delve into the intersection of tax reduction and estate planning, ensuring that your assets are transferred efficiently while minimizing tax implications for your heirs.By the end of this episode, you'll be equipped with a toolkit of practical tips and strategies to implement immediately, paving the way for a more tax-efficient financial future. Tune in and take control of your finances with our insightful discussion on mastering the art of tax reduction.Connect With Paul & William:Click here to book a call with Paul: https://calendly.com/westendwealthpla...Click here to book a call with William:https://calendly.com/westendwealth/in...Connect with William on LinkedIn: https://www.linkedin.com/in/williambarreca/Connect with Paul on LinkedIn: https://www.linkedin.com/in/paulbarreca/Follow William on X: https://twitter.com/willbarreca The views and opinions expressed in this podcast may not necessarily reflect those of IPC Securities Corporation. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

Studies have shown that investors consistently underperform the investments they own.Why does this happen?It's because our brains have been hijacked by our biology. Human evolution started about 4-7 million years ago. Humans have spent more than 99% of their evolutionary history in the hunter-gatherer environment. So many of our natural tendencies today are shaped by what was good for our ancestors.This week, Paul & William discuss how many of these deeply engrained tendencies cause us to make poor investment decisions.After listening, you will be better aware of your natural human biases and how to limit their effects to help you become a better investor.Connect With Paul & William:Click here to book a call with PaulClick here to book a call with WilliamConnect with Paul on LinkedinConnect with William on LinkedinFollow William on TwitterThe views and opinions expressed in this podcast may not necessarily reflect those of IPC Securities Corporation. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

We're entering RRSP season in Canada. This week, Paul & William do a deep dive into this powerful tool for retirement savings, and guide you through the essential do's and don'ts.After listening to this episode, you will have a better understanding of RRSP strategies that can help you maximize the account to its full potential.Paul & William will also explore common RRSP mistakes as well as situations where an RRSP is not the optimal savings account.Connect With Paul & William:Click here to book a call with PaulClick here to book a call with WilliamConnect with Paul on LinkedinConnect with William on LinkedinFollow William on TwitterThe views and opinions expressed in this podcast may not necessarily reflect those of IPC Securities Corporation. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.