EP #81: 5 Common Money Mistakes in Retirement
Your Retirement Planning Simplified
by Joseph Curry, B.Sc., CFP, CHS
6d ago
In this podcast episode, hosts Joe Curry and Lindsay Wilson discuss common mistakes in retirement planning, cautioning against relying solely on advice from friends and family who may lack expertise in financial matters. They emphasize the importance of seeking professional guidance tailored to one's unique situation, highlighting scenarios such as CPP payment timing and asset allocation during market downturns.  The hosts stress the necessity of comprehensive planning, including considerations of retirement income sources, tax strategies, risk management, and estate planning. They advoca ..read more
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EP #80: Navigating the Behavior Gap: Why the Average Investor Underperforms the Market
Your Retirement Planning Simplified
by Joseph Curry, B.Sc., CFP, CHS
2w ago
In this podcast, Dr. Daniel Crosby joins Joseph to discuss the impact of behavioral biases on retirement planning. They delve into overconfidence as a key bias, emphasizing its role in risk-taking behavior and decision-making. Dr. Crosby advises automating financial processes and seeking professional guidance to bridge the behavior gap. The conversation also previews Dr. Crosby's upcoming book, "Soul of Wealth," which explores 50 essays on mind, money, and meaning, offering valuable insights for those navigating the psychological challenges of retirement.  Read the full show notes and fin ..read more
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EP #79: Subscribed and Satisfied: Optimizing Your Spending Without Sacrifice
Your Retirement Planning Simplified
by Joseph Curry, B.Sc., CFP, CHS
2w ago
In this engaging podcast discussion, the speaker delves into the widespread shift towards subscription models, exploring how businesses and consumers alike benefit from this trend. The conversation underscores the convenience for consumers and improved cash flow management for companies, emphasizing the seamless experience subscriptions offer. However, as the subscription landscape becomes increasingly saturated, the challenge of tracking and managing numerous subscriptions arises, prompting the speaker to highlight the average American's significant monthly spending on consumer subscriptions ..read more
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Fireside Financial EP #11: Turning Family Money into Financial Freedom: Smart Planning for Inheritances
Your Retirement Planning Simplified
by Joseph Curry, B.Sc., CFP, CHS
3w ago
Hosts Joseph and Regan examine how to handle inheritances. With the landscape of wealth transfer evolving rapidly, receiving an inheritance is not just a stroke of luck but a strategic element in financial planning.   They caution against hasty decisions and stress the importance of taking the time to assess goals and intentions before embarking on any major financial moves. Through real-life examples, such as a client who strategically maximized her tax-free savings accounts and diversified her assets after receiving an inheritance, the hosts highlight the significance of thoughtful ..read more
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EP #78: Inheritance: Why Fair and Equal Aren't the Same
Your Retirement Planning Simplified
by Joseph Curry, B.Sc., CFP, CHS
3w ago
What does it mean to be fair yet unequal in estate planning?   Explore how differing financial needs, family contributions, and the complexities of sibling relationships impact retirement planning. Discover actionable insights, from using life insurance to equalize asset distribution to fostering open communication to minimize family disputes. Join Joe and Lindsay’s conversation on navigating family dynamics and creating a personalized, transparent estate plan for a smooth and equitable transition into retirement.  Read the full show notes and find more information here: EP 78 S ..read more
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EP #77: Salary vs Dividends: Optimizing Business Owner Payouts with Braden Warwick
Your Retirement Planning Simplified
by Joseph Curry, B.Sc., CFP, CHS
1M ago
Braden Warwick (PhD, PWL Capital) and Joe look at business owner compensation. They examine the often-debated choice between salaries and dividends.   Braden, a financial planning product architect at PWL, shares insights from a comprehensive study he conducted on optimal business owner compensation. They explore variables like provincial residency, corporate revenue, and the dynamics of notional accounts, unraveling the considerations that go into determining the most advantageous compensation strategy for business owners. of personal and corporate finance.  Read the full show ..read more
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EP #76: Calculating Your Retirement Number: Factoring in Your Pension
Your Retirement Planning Simplified
by Joseph Curry, B.Sc., CFP, CHS
1M ago
This week we answer a listener question about defined benefit pension plans: I know not a lot of people have defined benefit plans, but everyone keeps talking about needing $1M-$2M at retirement. How would a defined benefit pension get valued, and does the amount needed at retirement include government programs?  We break down the components of retirement income, including government programs like the Canada Pension Plan and Old Age Security, guiding listeners on how to assess their unique financial situation to arrive at an ideal portfolio value for a comfortable retirement. We encourage ..read more
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EP #75: A Field Guide to Retirement for Millennials, Retirees and Beyond with Dan Solin
Your Retirement Planning Simplified
by Joseph Curry, B.Sc., CFP, CHS
1M ago
New York Times Author Dan Solin joins Joe to discuss common misconceptions, essential factors for retirement planning, and the evolving retirement landscape. Dan emphasizes the impact of emotions on investment decisions and provides valuable advice on asset allocation and dealing with market volatility.   Additionally, they touch on the challenges millennials face in buying homes and the importance of financial literacy. Dan's upcoming book, "Wealthier: A Field Guide to Financial Freedom," is tailored for millennials. Listeners can find more information on wealthierbook.com. Don't mi ..read more
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Fireside Financial EP #10: Estate Planning 101
Your Retirement Planning Simplified
by Joseph Curry, B.Sc., CFP, CHS
1M ago
We know estate planning is daunting.  But it’s essential to address it ahead of time, to ensure that all your wishes are laid out to eliminate potential conflict. We give you valuable tips on evaluating your current financial standing, considering future scenarios, and understanding the nuances of trusts and specific gifts.   We also touch on the option of providing financial support to family members before passing away, stressing the importance of ensuring financial independence. With real-life examples and a practical framework, we give you actionable advice and encourage you ..read more
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EP #74: A Retirement Manifesto with Fritz Gilbert
Your Retirement Planning Simplified
by Joseph Curry, B.Sc., CFP, CHS
2M ago
Fritz Gilbert, the award-winning author of the blog “The Retirement Manifesto” joins Joe to share his unconventional yet successful approach to retirement planning.   He emphasizes the importance of not fixating on the financial aspects of retirement but embracing the non-financial elements, such as relationships and purpose, that impact a smooth transition into retirement.   Read the full show notes and find more information here: EP 74 Show Notes ..read more
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