Retirement Straight Talk With Paul & William

This week, Paul and William delve into the most pressing question inretirement planning: "How much is enough?" They explore the complexities of financial planning, the psychological impactof not knowing your financial future and practical strategies to ensure a comfortable retirement. The episode is packed with insights on avoiding common pitfalls, understanding the importance of a dynamic plan, and balancing lifestyle desires against financial realities.After listening, listeners will have a better understanding of:- The psychological impact of not knowing your financial future- Practical steps people can take, including establishing clear income goals and understanding the costs associated with their retirement lifestyle and goals- The need for flexibility to accommodate life's unpredictability- How market volatility can impact your retirementConnect With Paul & William: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 the stock market a casino that's rigged against you?Gambling and speculation have always existed in the stock market.In some ways, the rise of the internet and the rapid exchange of information has made this more pervasive.Understanding the difference between gambling and investing is one of the most important things you can do to improve your experience in the stock marketKey points discussed include:- The long-term stock market is the exact opposite of a casino- Human beings have a natural inclination to transact more, which tends to produce worse outcomes in investing- How Canada's Pension Plan (CPP) & the world's largest hedge fund both show that the stock market is not rigged in favor of the richConnect 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 explore some of the most common mistakes they see high-income earners make.They also debunk common myths about what's required to build and maintain wealth.Topics discussed include, but aren't limited to:The right investment strategies for high-income and high-net-worth individualsBehavioural biasesHow to optimize the use of registered accountsLifestyle creepListeners will come away with a better understanding of building and maintaining wealth.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.

The Canadian Federal government announced significant changes to capital gains taxes in its latest budget.This week, Paul & William explain the changes in the budget and how it will affect Canadians.Namely, these changes will affect you if:You have significant non-registered investmentsYou have any corporately held investmentsYou own an investment propertyYou own a businessThese changes will significantly alter the financial plans of many Canadians.Listeners will come away with a better understanding of the changes and actionable strategies to reduce their impact.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 is joined by special guest Dennis Serre, President & CEO of Serre Financial.Dennis brings over 30 years of taxation planning experience to clients and financial advisors across the country. He began his career with the CRA, and he remains a leader in the industry by researching and providing unique tax alternatives to business owners and high-net-worth individuals.Paul & Dennis discuss the use of family trusts for business owners and how they can be used to reduce taxation.Topics discussed include, but aren't limited to:The use of family trusts for tax deferralTax on Split Income (TOSI) rules and how family trusts can reduce their impactHow family trusts can be used to reduce taxation on sale of capital property such as real estateUsing a family trust to multiply the Lifetime Capital Gains ExemptionHow estate freezes can be used to pass a business onto the next generationConnect 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 and William discuss common strategies individuals use to reduce or avoid paying taxes on their estates.Through their discussion, Paul and William discuss the pros and cons of each strategy and what type of individuals are best suited for them.At the end of this episode, you will have a better understanding of how different assets are taxed in the estate, and what strategies make sense to help you reduce what your estate will pay in taxes.Topics discussed include, but are not limited to:Joint ownership of real estate and investment accountsThe tax treatment of RRSPs, RRIFs and TFSAs in the estateThe pros and cons of Segregated FundsHow trusts can be used to minimize estate taxes, and who they're suitable forConnect 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 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.

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.