Your Retirement Planning Simplified

The sandwich generation - where individuals find themselves caught between supporting aging parents and adult children. Several areas require careful balancing including financial planning, healthcare coordination, and legal and estate planning to navigate the challenges of caregiving effectively.    Emphasizing open communication and setting clear boundaries, we discuss strategies for promoting f...

Here are the 8 common mistakes retirees and retirement savers make with their Tax-Free Savings Accounts (TFSA). We cover mistakes like over-contributing, misunderstanding withdrawal rules, day trading within the TFSA, and not naming a successor holder or beneficiary.    We provide a ctionable advice to help you avoid these common pitfalls and help you implement sound strategies so you can optimize...

We look at the various types of debt retirees might carry and the profound impact they can have on your financial well-being. You'll gain an understanding of how mortgages, lines of credit, car loans, and credit card debt can shape your retirement lifestyles and long-term financial goals.    We emphasize the importance of integrating debt reduction strategies into retirement planning, providing ac...

Joe and Dr. Sally Chivers -Storey explore the dynamics of aging, retirement, and intergenerational collaboration.    They delve into the complexities of navigating workplace tensions arising from different generational perspectives and caregiving responsibilities. Dr. Chivers emphasizes the importance of valuing the wisdom and experiences of older adults, challenging ageist beliefs, and fostering...

We discuss seven key actions to take in the five years leading up to retirement. We want you to get clear on retirement goals and cash flow requirements . We advise you to get clear on your current financial standing and bridge any gaps well in advance.    We look at the importance of creating a shared vision for retirement, understanding future income sources, optimizing taxes, and conducting a c...

This month Joe and Regan dive into how to educat e grandchildren about money . They use real-life examples like grocery shopping and budgeting exercises. They look at how grandparents can make meaningful contribut ions , such as gifting money with a purpose, like for a car or post-secondary education while instilling lessons about financial responsibility.   By engaging in open conversations and s...

We explore the top five non-money mistakes in retirement planning. We look at how retirement is n' t just about financial readiness but also about finding fulfillment and direction in life post-career.    We look at the significance of social engagement, staying physically active, maintaining a growth mindset, and transitioning from a savings to a spending mindset in retirement.    Read the full s...

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 ma...

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, "S...

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 increas...

H osts 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 ex...

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 fa...

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 notion...

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 l...

New York Times Author Dan Solin joins Jo e 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 importa...

We know estate planning is daunting.   But i t's essential to a ddress 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 fami...

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 sho...

David Blanchett, a renowned financial expert, delves into the multifaceted world of retirement . From annuities, longevity risk, and alternative assets, you will gain valuable insights that challenge conventional wisdom.    From the nuances of portfolio construction to the impact of inflation on retirement savings, Blanchett provides actionable advice, helping listeners navigate the complexities o...

Joe welcomes Matt Holmes (CPA , Director at Holmes CPAs & Tax Advisors) to the show. They take a deep dive into the often-overlooked realm of succession planning . Joe and Matt share a poignant case where the absence of a contingency plan resulted in a less-than-optimal sale for the family due to the owner's passing.    They provide invaluable insights into the strategic considerations and pitfall...

Joe welcomes back business expert David C Barnett to delve into the intricate process of selling a business for retirement.   This insightful episode provides valuable insights for business owners contemplating a sale . Joe and David emphasize the necessity of strategic planning, documentation, and the cultivation of a marketable business before embarking on the selling process.    Barnett's pract...

Welcome to "Your Retirement Planning Simplified," where hosts Joseph Curry and Lindsay Wilson demystify the complexities of retirement with their down-to-earth approach. In this latest episode, the dynamic duo kicks off 2024 with enthusiasm, celebrating the podcast's growth over the past year and reflecting on their mission to make retirement planning approachable for everyone. With over 16,000 do...

Jo e and Regan examine estate planning essentials. They emphasize the significance of having an up-to-date will and stress the importance of clear communication within families .     They also look at the often-overlooked aspect of digital assets, urging listeners to document and share information on online accounts to ensure easy management by their executors.    They advocate for open conversati...

It's our 2023 wrap-up of Retirement Planning Simplified featuring the best episodes and insights from 2023!    We highlight our most popular episodes, including discussions on safe withdrawal rates , effective investment strategies, achieving purposeful retirement, and the impact of taxes on single seniors.    This episode is a great guide for both new and seasoned listeners, offering the best of...

David Barnett joins Joe to share valuable insights on the common pitfalls business owners face when preparing to retire and sell their businesses .    Discover the key areas to focus on for enhancing business value, from reducing customer concentration risks to navigating the challenges of owner dependence.    Whether you're a business owner weighing retirement, or an entrepreneur interested in th...

Joe speaks with Kate Wilson, Associate Advisor at Matthews + Associates, about an essential topic of estate planning: preplanning and prepaying for your funeral.    Kate stresses the importance of thoughtful consideration of one's end-of-life wishes, encouraging you to document your preferences and keep them alongside your estate planning documents. While the topic may not be the most lighthearted...