Retirement Straight Talk With Paul & William

Popular Investing Beliefs That Just Aren’t True (Part Two)

Tue, 16 Dec 2025 20:00:48 GMT

Take control of your retirement & get started with a complimentary retirement assessment: https://calendly.com/westendwealth/introcall?back=1&month=2026-01

In Part 2 of our “Investing Myths” series, William and Paul Barreca return to tackle seven more common (and costly) investing myths — this time focused on portfolio construction, diversification, and so-called “safe” investments.

These are the myths that trip people up after they’ve started investing — often without realizing it.

💡 In this episode, we debunk:

❌ “Fallen stocks always bounce back”

❌ “More holdings = more diversification”

❌ “Successful investors are big risk takers”

❌ “50% loss + 50% gain = break-even”

❌ “Gold is a safe haven”

❌ “High dividend = safe stock”

❌ “Bonds are risk-free”

📊 Backed by data from YCharts, Hartford Funds, and real-world client experience, this episode is a masterclass in long-term investing clarity.

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.

Hosted on Acast. See acast.com/privacy for more information.

Popular Investing Beliefs that Just Aren't True - Part One

Tue, 02 Dec 2025 16:31:01 GMT

Take control of your retirement & get started with a complimentary retirement assessment: https://calendly.com/westendwealth/introcall

In this first episode of a special 2-part series, Paul and William Barreca debunk the most persistent investing myths. From market timing and volatility fears to the belief that cash is "safer," they break down 6 out of 13 myths using real numbers, client stories, and behavioural finance insights.

If you’ve ever felt uncertain about when or how to invest… this episode is for you.

💡 What You’ll Learn:

• Why trying to time the market almost always backfires

• How “safe” cash quietly loses you money over time

• Why volatility ≠ risk

• What makes investing totally different from gambling

• The truth about “Sell in May and Go Away”

• Why the “right time to invest” is probably now

📈 Featuring insights from YCharts, Hartford Funds, and Wells Fargo.

Hosted on Acast. See acast.com/privacy for more information.

How to Create Your Journey to Wealth & Freedom with Chris Reynolds

Mon, 17 Nov 2025 10:00:00 GMT

Ready to retire with confidence? Book your free retirement assessment: https://calendly.com/westendwealth/introcall

In this special guest episode of Retirement Straight Talk, William and Paul Barreca welcome entrepreneur, wealth advisor, and IPC co-founder Chris Reynolds to share insights from his new book, The Six Circle Strategy.

After 30+ years helping business owners build, grow, and exit successfully, Chris has distilled his experience into a practical, powerful framework for aligning your business, wealth, and personal freedom.

💡 In this episode, you’ll learn:

✔️ What the Six Circle Strategy is and how to apply it

✔️ How to reconnect with your vision when you’re feeling stuck

✔️ Why fulfillment (not just revenue) should be your metric for success

✔️ How to avoid burnout by building trust and focus into your business

✔️ Real-life lessons from 30+ years in entrepreneurship and advising

📘 Get Chris’ New Book:

The Six Circle Strategy: The Entrepreneur’s Journey to Wealth and Freedom

→ Buy now or learn more at: https://chrissreynolds.ca

🎙️ Listen to Chris' podcast:

Turning the Page: https://www.ipcc.ca/turning-the-page-podcast

Hosted on Acast. See acast.com/privacy for more information.

Ten Lessons Paul Has Learned in 35 Years (Part Two)

Tue, 04 Nov 2025 10:00:00 GMT

What does 35 years in financial planning really teach you?

In Part 2 of this special Retirement Straight Talk series, Paul and William Barreca share the final five lessons from Paul’s 35-year career helping Canadians plan smarter, invest better, and avoid the mistakes that derail financial freedom.

🎯 In this episode, you'll learn:

Why the basics of wealth-building still work (but most people ignore them)
The real reason you need insurance, and how to view it differently
Why your portfolio is not your plan
How procrastination quietly kills your dreams
Why great financial advice might be your best investment

📘 PLUS - Free Resource

9 Tax & Retirement Strategies Every Business Owner Needs to Know

Learn nine smart ways to protect your family, reduce tax, and make better long-term decisions for your business.

👉 Download your copy: https://www.westendwealth.com/free-whitepapers

📞 Want to talk through your plan?

Book a no-pressure conversation at: https://calendly.com/westendwealth/introcall?month=2025-11

Hosted on Acast. See acast.com/privacy for more information.

Ten Lessons Paul Has Learned in 35 Years (Part One)

Tue, 21 Oct 2025 09:00:00 GMT

What do 35 years in the wealth planning business teach you?

After over three decades in the wealth planning business, Paul has seen just about everything.

In Part 1 of this special 2-part series, Paul Barreca shares the first five timeless truths he’s learned from decades of helping clients plan, invest, and navigate financial decisions.

This is a candid conversation about the real lessons that matter. The ones that help you protect your freedom, control your outcomes, and keep your financial life aligned with your real goals.

🎙️ You’ll hear:

✔️ Why money = freedom (not happiness)

✔️ Why investing is not gambling

✔️ The danger of overconfidence

✔️ Why a written plan matters more than a market prediction

✔️ The counterintuitive secret to investing success

🔔 Like, subscribe, and share!

Have questions after today's episode? Book a call: https://calendly.com/westendwealth/introcall?month=2025-10

👉 Checkout Our Free guide: “How to Build Your Dream Retirement Plan—and Avoid 7 Pitfalls That Can Derail It”: https://www.westendwealth.com/build-your-retirement

Trademarks owned by Investment Planning Counsel Inc. and licensed to its subsidiary corporations. Investment Planning Counsel is a fully integrated wealth management company. Mutual funds available through IPC Investment Corporation and IPC Securities Corporation. Securities available through IPC Securities Corporation, a member of the Canadian Investor Protection Fund. Insurance products available through Tribar Financial Inc.

Hosted on Acast. See acast.com/privacy for more information.

Where to Pull Your Money Out in Retirement: How to Make Your Money Last

Tue, 07 Oct 2025 19:53:14 GMT

You saved, invested, and planned, but now comes the real question: How do you actually use your money in retirement?

In this episode of Retirement Straight Talk, William and Paul break down the often-overlooked - but critical - concept of income sequencing: the order you draw from accounts like RRSPs, CPP, TFSAs, pensions, and corporate assets in retirement.

You’ll learn:

• A 5-step framework to build your personalized drawdown plan

• The risks of generic advice (like “always delay CPP”)

• Why RRIF shocks and OAS clawbacks catch retirees off guard

• When the “RRSP meltdown” strategy makes sense - and when it backfires

ª Real-world case studies that show how timing changes everything

Whether you’re 5 years from retirement or already drawing income, this episode will help you avoid costly mistakes and give you more peace of mind.

🔔 Like, subscribe, and share!

Have questions after today's episode? Let us help. Book a call: https://calendly.com/westendwealth/introcall?month=2025-10

👉 Check out Our Free guide: “How to Build Your Dream Retirement Plan—and Avoid 7 Pitfalls That Can Derail It”: https://www.westendwealth.com/build-your-retirement

Hosted on Acast. See acast.com/privacy for more information.

Joint Ownership With Your Kids: Estate Planning Shortcut or Costly Mistake?

Tue, 23 Sep 2025 09:00:00 GMT

Thinking of adding your child to the ownership of your home, bank accounts, or investments to “make things easier”? This common estate planning shortcut could cost your family far more than you realize.

In this episode of Retirement Straight Talk, William and Paul dive into:

• What joint ownership really means (and why it's often misunderstood)

• When it works and when it can cause major tax and legal issues

• The surprising risk of losing control of your home

• Real-life stories of family conflict, CRA penalties, and unintended fallout

• Better alternatives: powers of attorney, trusts, clear documentation, and more

This is one of those episodes that could save your family thousands and a whole lot of heartache.

🔔 Like, subscribe, and share!

Have questions after today's episode? Let us help. Book a call: https://calendly.com/westendwealth/introcall?month=2025-09

👉 Check out Our Free guide: “How to Build Your Dream Retirement Plan—and Avoid 7 Pitfalls That Can Derail It”: https://www.westendwealth.com/build-your-retirement

Hosted on Acast. See acast.com/privacy for more information.

How to Choose A Financial Advisor And Not Get Burned

Tue, 09 Sep 2025 09:00:00 GMT

Not all advisors are created equal and picking the wrong one can cost you far more than a few bad investments.

In this episode of Retirement Straight Talk, Paul and William break down what real financial advice should look like, how compensation models shape recommendations, and the red flags that should have you walking away.

🧠 What you’ll learn:

• When you actually need an advisor (and when you don’t)

• What good advisors really do (it’s more than returns)

• Types of advisors & how they get paid

• Key questions to ask before hiring

• 7 red flags to never ignore

• Why great advice often pays for itself

Choosing the right advisor is one of the biggest financial decisions you’ll ever make.

🔔 Like, subscribe, and share!

Have questions after today's episode? Let us help. Book a call: https://calendly.com/westendwealth/introcall?month=2025-09

Hosted on Acast. See acast.com/privacy for more information.

6 Retirement Risks That Could Derail Your Plans (And How to Avoid Them)

Tue, 26 Aug 2025 09:00:00 GMT

Retirement isn’t just about saving enough. It’s about avoiding the hidden risks that can quietly undo everything you’ve built.

In this episode of Retirement Straight Talk, Paul and William unpack 6 retirement risks most Canadians miss and how to plan smarter so you can protect your freedom and peace of mind.

What you’ll learn:

• Why taxes may rise, not fall, in retirement - and what you can do about it

• Why dividends can mislead you

• Market timing almost always backfires

• How playing it “safe” too early costs you later

• How diversification is resilience

• And why purpose is as vital as money

👉 Protect your retirement. Download your free guide here: https://www.westendwealth.com/build-your-retirement

🔔 Like, subscribe, and share!

Have questions after today's episode? Book a call: https://calendly.com/westendwealth/introcall?month=2025-08

“Trademarks owned by Investment Planning Counsel Inc. and licensed to its subsidiary corporations. Investment Planning Counsel is a fully integrated wealth management company. Mutual funds available through IPC Investment Corporation and IPC Securities Corporation. Securities available through IPC Securities Corporation, a member of the Canadian Investor Protection Fund. Insurance products available through Tribar Financial Inc.

Hosted on Acast. See acast.com/privacy for more information.

Six Ways Your Business Can Fail

Tue, 12 Aug 2025 09:00:00 GMT

Businesses rarely fail for lack of ambition. More often, it’s the hidden gaps in strategy that quietly lead to their downfall.

In this episode, William and Paul share six strategic reasons even successful businesses fail. Plus, the two often-overlooked personal traits that can make or break you over the long run.

You’ll learn:

✅ The 6 most common strategic gaps that quietly put businesses at risk

✅ Why passion and persistence matter just as much as your business plan

✅ How to protect both your company and your personal financial future

Don't forget to check out our free guide: How to Build Your Dream Retirement Plan—and Avoid 7 Pitfalls That Can Derail It

📥 Download here: https://www.westendwealth.com/build-your-retirement

🔔 Like, subscribe, and share!

Have questions after today's episode? Book a call: https://calendly.com/westendwealth/introcall?month=2025-07

Hosted on Acast. See acast.com/privacy for more information.

The Best Age to Take CPP (And What Most Canadians Get Wrong)

Wed, 30 Jul 2025 18:11:26 GMT

You’ve seen it on your paycheque your whole life - Canada Pension Plan (CPP). But when it comes to actually drawing on it, the decision is far from simple.

In this episode of Retirement Straight Talk, William and Paul break down everything you need to know about CPP:

• What it is, how it works, and when you can start collecting

• How timing affects your monthly income

• Why most Canadians take it too early (and what it costs them)

• Real-life factors to consider before you make a move

• Why deferring might be one of the best financial decisions you can make

Tune in for clarity, real talk, and advice that could save you thousands.

👉 Download our free guide: “How to Build Your Dream Retirement Plan—and Avoid 7 Pitfalls That Can Derail It” [https://www.westendwealth.com/build-your-retirement]

📅 Book a call: https://calendly.com/westendwealth/introcall?month=2025-07

🔔 Don’t forget to like, subscribe, and share!

Hosted on Acast. See acast.com/privacy for more information.

How Your Brain Can Sabotage Your Portfolio (And What to Do About It)

Tue, 15 Jul 2025 09:00:00 GMT

Are you your own worst investing enemy?

In this episode, Paul and William explore the surprising ways investor behaviour - more than market performance or stock selection - can hurt long-term returns.

From caveman instincts to market headlines that trigger emotional decisions, this episode will help you understand:

• Why you're wired to react emotionally—and how that costs you.

• How major events like COVID-19 and the Ukraine / Russia war triggered poor investor timing.

• The top 3 behavioural biases investors fall victim to.

• Simple, proven strategies to close the “behaviour gap” and stay on track.

🎯 Want to apply what you heard?

We created a whitepaper that builds on this exact topic.

Download your free copy: How to Build Your Dream Retirement Plan—and Avoid 7 Pitfalls That Can Derail It → https://www.westendwealth.com/build-your-retirement

Connect with Paul & William:

Book a free call: https://calendly.com/westendwealth/introcall

LinkedIn: Paul Barreca

LinkedIn: William Barreca

Facebook: West End Wealth Planning

X: William Barreca

Hosted on Acast. See acast.com/privacy for more information.

Will Your Retirement Plan Survive a Market Crash? How to Stress Test It

Thu, 03 Jul 2025 09:00:00 GMT

In this episode of Retirement Straight Talk, Paul and William unpack the one question every retiree and near-retiree should be asking: Is your retirement income plan built to withstand market volatility, inflation, and unexpected life events?

They break down why most plans fall short: linear assumptions, outdated numbers, and lack of stress testing. Plus, dive in to how tools like Monte Carlo analysis can help you build a plan that’s actually resilient. From understanding the sequence of returns risk to the power of scenario planning, this is a must-listen if you want real clarity and control over your financial future.

Resources:

📥Free Download: How to Build Your Dream Retirement & Avoid 7 Common Mistakes That Can Derail It: https://www.westendwealth.com/build-your-retirement

Connect with Paul & William:

Book a free call: https://calendly.com/westendwealth/introcall

LinkedIn: Paul Barreca

LinkedIn: William Barreca

Facebook: West End Wealth Planning

X: William Barreca

Hosted on Acast. See acast.com/privacy for more information.

The Silent Threat to Your Family’s Financial Future

Tue, 17 Jun 2025 09:00:00 GMT

Most people avoid the topic of estate planning until it is too late, especially when it comes to their parents' affairs.

But failing to have this conversation can lead to family conflict, avoidable taxes, and costly legal messes.

In this episode, we tackle one of the most overlooked responsibilities of Gen X: helping your parents get their estate plan in order.

We break down the most common mistakes, such as outdated wills, joint accounts gone wrong, poor executor choices, and unequal inheritances that create family tension.

We also share practical steps for starting the conversation and helping your parents avoid the pitfalls that can unravel even the best-laid plans.

Resources:

📥Free Download: How to Build Your Dream Retirement & Avoid 7 Common Mistakes That Can Derail It: https://www.westendwealth.com/build-your-retirement

Connect with Paul & William:

Book a free call: https://calendly.com/westendwealth/introcall

LinkedIn: Paul Barreca

LinkedIn: William Barreca

Facebook: West End Wealth Planning

X: William Barreca

Hosted on Acast. See acast.com/privacy for more information.

The Ultimate RESP Guide

Tue, 03 Jun 2025 09:00:00 GMT

Funding a child’s education is one of the biggest financial goals for Canadian families. And the Registered Education Savings Plan (RESP) is best tool to get there.

In this episode, Paul and William break down everything you need to know about RESPs. This episode will help you avoid costly RESP mistakes and take full advantage of this powerful, tax-efficient account.

What You’ll Learn:

✔️ The amazing tax benefits of RESPs

✔️ How to earn $7,200 in free government grants

✔️ Why group or scholarship RESPs are a bad idea

✔️ Smart RESP contribution strategies

✔️ What to do if your child doesn’t go to college or university

✔️ The best way to draw down the RESP and minimize taxes

✔️ Family vs. individual RESPs

Resources:

📥Free Download: How to Build Your Dream Retirement & Avoid 7 Common Mistakes That Can Derail It: https://www.westendwealth.com/build-your-retirement

Connect with Paul & William:

Book a free call: https://calendly.com/westendwealth/introcall

LinkedIn: Paul Barreca

LinkedIn: William Barreca

Facebook: West End Wealth Planning

X: William Barreca

Hosted on Acast. See acast.com/privacy for more information.

How to Exit Your Business Without Losing a Fortune to Taxes

Tue, 20 May 2025 09:00:00 GMT

Thinking about selling your business?

Passing it on to the kids?

Or just want to make sure you’re not leaving money (or a giant tax bill) on the table?

This week, Paul and William walk through the smart steps every business owner should take before exiting their business.

They cover:

- Why most family business transitions fail (and how to avoid it)

- How to use the lifetime capital gains exemption and potentially save millions in tax

- What an “estate freeze” is and how it helps pass the business to your kids

- Why planning years in advance can save you a fortune

Resources:

📥Free Download: How to Build Your Dream Retirement & Avoid 7 Common Mistakes That Can Derail It: https://www.westendwealth.com/build-your-retirement

Connect with Paul & William:

Book a free call: https://calendly.com/westendwealth/introcall

LinkedIn: Paul Barreca

LinkedIn: William Barreca

Facebook: West End Wealth Planning

X: William Barreca

Hosted on Acast. See acast.com/privacy for more information.

The Most Common Estate Planning Mistakes (and How to Avoid Them)

Tue, 06 May 2025 09:22:00 GMT

Could your estate plan cost your family money and stress?

This week, Paul and William talk with Jandy John, Estate and Trust Director at Concentra Trust, about common estate planning errors.

You’ll learn:

- How to properly choose your executor

- The hidden traps of joint accounts and beneficiary designations

- Why clear communication can save your family from conflict

- Essential estate planning strategies for business owners

- How to manage digital assets in your estate

Resources:

📥Free Download: How to Build Your Dream Retirement & Avoid 7 Common Mistakes That Can Derail It: https://www.westendwealth.com/build-your-retirement

Connect with Paul & William:

Book a free call: https://calendly.com/westendwealth/introcall

LinkedIn: Paul Barreca

LinkedIn: William Barreca

Facebook: West End Wealth Planning

X: William Barreca

Hosted on Acast. See acast.com/privacy for more information.

7 Tax and Retirement Planning Strategies Every Canadian Business Owner Should Know

Tue, 22 Apr 2025 09:00:00 GMT

Running a business takes everything you’ve got—but if you’re not also planning for the future, you could be leaving serious money on the table.

This week, Paul and William break down seven essential (and often missed) tax and retirement strategies tailored specifically for incorporated Canadian business owners.

You’ll learn:

✅ How to structure your compensation to keep more money in your pocket

✅ Why many business owners misunderstand RRSPs—and what that mistake could cost

✅ A powerful retirement savings tool most entrepreneurs have never heard of

✅ How to sell your business in a tax-efficient way (and potentially save millions)

✅ Estate planning moves that can help you protect your legacy—and avoid family conflicts

Resources:

📥Free Download: How to Build Your Dream Retirement & Avoid 7 Common Mistakes That Can Derail It: https://www.westendwealth.com/build-your-retirement

Connect with Paul & William:

Book a call with William: https://calendly.com/westendwealth/introcall?back=1&month=2025-03

LinkedIn: Paul Barreca

LinkedIn: William Barreca

Facebook: West End Wealth Planning

X: William Barreca

Hosted on Acast. See acast.com/privacy for more information.

10 Realities About the Stock Market You Can't Afford to Ignore

Tue, 08 Apr 2025 09:00:00 GMT

This week, Paul & William break down ten essential truths about investing, simplifying complex financial concepts into clear, actionable insights.

This episode cuts through common myths and misunderstandings to deliver strategies that help investors make smarter, rational decisions about their money.

In this Episode You'll Discover:

How the concept of average returns often misleads investors.
The fundamental drivers behind stock market growth.
Why valuation metrics don't predict short-term market movements reliably
Understanding why the economy and the stock market aren't perfectly aligned.
And more!

Resources:

📥Free Download: How to Build Your Dream Retirement & Avoid 7 Common Mistakes That Can Derail It: https://www.westendwealth.com/build-your-retirement

Connect with Paul & William:

Book a call with William: https://calendly.com/westendwealth/introcall?back=1&month=2025-03

LinkedIn: Paul Barreca

LinkedIn: William Barreca

Facebook: West End Wealth Planning

X: William Barreca

Hosted on Acast. See acast.com/privacy for more information.

Why Most Business Owners Fail- And How to Avoid It

Tue, 25 Mar 2025 09:03:00 GMT

Running a business is tough—but why do so many fail within 5-10 years? In this episode of Retirement Straight Talk, Paul and William break down the key reasons most business owners struggle, burnout, or go under—and, more importantly, how to avoid becoming a statistic.

Whether you're a sole practitioner or managing a team of 50, this episode will help you shift from working in your business to working on your business.

Inspired by The E-Myth Revisited by Michael Gerber, they explore:

✅The three business owner personalities: Technician, Manager, and Entrepreneur

✅ Why systemizing your business is the key to long-term success

✅ How to create a business that runs without you—not one that runs you

✅ The essential processes every business must have: lead generation, sales conversion, operations, and customer service

✅ How to overcome the fear of delegation and free up your time

🎧 Tune in now to learn how to build a business that works for you—not one that keeps you working all the time.

Resources:

📥Free Download: How to Build Your Dream Retirement & Avoid 7 Common Mistakes That Can Derail It: https://www.westendwealth.com/build-your-retirement

Connect with Paul & William:

LinkedIn: Paul Barreca

LinkedIn: William Barreca

Facebook: West End Wealth Planning

X: William Barreca

Hosted on Acast. See acast.com/privacy for more information.

Most Canadians Lack a True Financial Plan—Do You?

Tue, 11 Mar 2025 09:00:00 GMT

You might think you have a full financial plan—but do you really? In this episode, we break down why most people don’t have the comprehensive financial plan they believe they’ve paid for. We’ll cover:

1️⃣ Why you likely don’t have the full financial plan you think you do.

2️⃣ What a truly comprehensive financial plan includes.

3️⃣ The cost of missing key elements in your plan—what it could mean for your financial future.

4️⃣ How to determine whether your financial plan is complete or missing critical pieces.

Download our FREE whitepaper: "How to Build Your Dream Retirement. And Avoid 7 Common Mistakes That Can Completely Derail It!"- https://www.westendwealth.com/build-your-retirement

Connect with Paul & William:

Book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2025-03

Book a call with William: https://calendly.com/westendwealth/introcall

Subscribe to our newsletter: https://www.westendwealth.com/newsletter

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

What Should Investors Do About Trump’s Tariffs?

Tue, 25 Feb 2025 10:00:00 GMT

Are Trump’s proposed tariffs about to shake up the stock market? In this episode, Paul & William break down the latest tariff proposals, their potential impact on the economy, and what investors should do to prepare.

They break down:

✅ What tariffs are and how they actually work

✅ The potential economic impact on Canada and investor portfolios

✅ Lessons from past tariff wars and what history tells us

Download our FREE whitepaper: "How to Build Your Dream Retirement. And Avoid 7 Common Mistakes That Can Completely Derail It!"- https://www.westendwealth.com/build-your-retirement

Connect with Paul & William:

Book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2025-02

Book a call with William: https://calendly.com/westendwealth/introcall

Subscribe to our newsletter: https://www.westendwealth.com/newsletter

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

Do RRSPs Make Sense for Business Owners?

Tue, 11 Feb 2025 10:00:00 GMT

Does investing in an RRSP make sense as a business owner?

Or are you better off keeping your money in your corporate holding company or reinvesting in your business?

In this episode, we discuss the pros and cons of each approach, tax implications, and the diversification benefits of different strategies.

Connect with Paul & William:

Book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2025-02

Book a call with William: https://calendly.com/westendwealth/introcall

Subscribe to our newsletter: https://www.westendwealth.com/newsletter

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

RRSP vs. TFSA Explained: How to Make the Right Choice for You

Tue, 28 Jan 2025 10:00:00 GMT

Confused about whether to invest in an RRSP or TFSA?

In this episode, we break down the key differences between these two accounts and help you determine which one aligns best with your financial goals.

Connect with Paul & William:

Book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2025-01

Book a call with William: https://calendly.com/westendwealth/introcall

Subscribe to our newsletter: https://www.westendwealth.com/newsletter

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

Lessons from 2024 to Help You in 2025 & Beyond

Wed, 15 Jan 2025 20:49:48 GMT

Book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2025-01

Book a call with William: https://calendly.com/westendwealth/introcall

In this episode, we dive into the key financial lessons from 2024 that will help investors in 2025 & beyond.

Topics discussed include:

Why listening to the financial media will make you a worse investor
The rise of AI as the next big revolution and why investors should approach it with caution.
The crucial distinction between the economy and the stock market—and what it means for your portfolio.
What it means when the stock market hits all-time highs and how to interpret it.

Join us as we break down these insights to help you simplify your financial decisions and stay on the path to creating and protecting your wealth.

Connect With Paul & William:

Subscribe to our newsletter: https://www.westendwealth.com/newsletter

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

Avoid These Financial Blindspots: A Guide for Business Owners

Tue, 10 Dec 2024 10:09:30 GMT

Book a call with Paul: https://calendly.com/westendwealthpla...

Book a call with William: https://calendly.com/westendwealth/in...

On this episode of Retirement Straight Talk, Paul and William Barreca shed light on the financial planning mistakes that business owners often make—and how to avoid them. We discuss practical steps to help you maximize your wealth while planning for the future.

Business owners will hear about the following + much more:

Preparing your business for a successful sale
Capturing all the tax advantages available to business owners
How to determine whether to pay yourself a salary or a dividend
How to ensure your business doesn't lose value

Connect With Paul & William:

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

Reviewing the Worst Financial Advice on the Internet

Tue, 26 Nov 2024 10:21:47 GMT

Book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2024-11

Book a call with William: https://calendly.com/westendwealth/introcall

In this episode of Retirement Straight Talk, Paul & William take a deep dive into the growing trend of turning to social media for financial advice.

With more people relying on influencers and online content to guide their financial decisions, Paul and William review some of the worst financial advice they've encountered on platforms like X, Instagram, and YouTube.

From misleading investment strategies to unrealistic retirement tips, the hosts highlight the risks of following advice from unqualified sources.

Tune in to learn how to spot red flags in online financial advice and protect yourself from costly mistakes.

Connect With Paul & William:

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

Protecting Your Inheritance from Divorce: Essential Strategies

Tue, 12 Nov 2024 10:36:59 GMT

Book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2024-11

Book a call with William: https://calendly.com/westendwealth/introcall

In this episode, we dive into practical strategies and legal insights to help you protect your inheritance during a divorce.

Inheritances are often a significant part of family wealth, but without the right precautions, they can become vulnerable to division in a divorce settlement. We’ll guide you through the steps you need to take to secure your inheritance and preserve your financial legacy.

In This Episode, You’ll Learn:

- How divorce impacts inherited assets and why they may be at risk

- Legal protections you can put in place to safeguard your inheritance from divorce claims

- Key financial planning strategies, including prenups, postnups, and asset separation tactics

- What to consider when managing inheritance funds, such as keeping them separate from marital assets

- Common mistakes people make that jeopardize their inheritance and how to avoid them

Connect With Paul & William:

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

9 Costly Financial Mistakes to Avoid for Long-Term Wealth

Thu, 31 Oct 2024 21:04:17 GMT

Book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2024-10

Book a call with William: https://calendly.com/westendwealth/introcall?back=1

Avoiding costly financial mistakes is key to building lasting wealth and reaching your goals.

Are you making the most of tax planning, protecting yourself against lifestyle inflation, or staying disciplined with your investments?

In this episode of Retirement Straight Talk, Paul & William delve into the nine critical financial missteps that can disrupt your financial journey—and how to sidestep them.

We explore real-life scenarios and proven strategies, helping you avoid common pitfalls like market timing and emotional investing while setting yourself up for long-term success.

We discuss:

The hidden dangers of market timing and missing key investment days
How effective tax planning can significantly grow your wealth
The impact of lifestyle inflation and how to keep your spending in check
Real-world examples showing the power of consistency in investing
The importance of having the right insurance to protect your financial plan

We share practical strategies and real-life scenarios to help you sidestep these mistakes, setting you up for a more secure financial future.

Connect With Paul & William:

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

The Real Impact of Interest Rate Cuts on Your Wealth

Wed, 16 Oct 2024 14:26:15 GMT

Book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2024-10

Book a call with William: https://calendly.com/westendwealth/introcall?back=1

Paul and William dive into the effects of the recent interest rate cuts on your financial lives.

We explore how lower rates impact fixed income investments and what that means for retirees relying on stable income streams. We also discuss whether interest rate cuts influence stock and bond prices, and the potential shifts in the real estate market you should watch for.

Throughout the episode, we break down these complex topics to help you better understand the influence of rate cuts on your investments and financial planning and more.

Connect With Paul & William:

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

What You Should Consider Before Buying A Vacation Property

Tue, 01 Oct 2024 09:30:44 GMT

Book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2024-09

Book a call with William: https://calendly.com/westendwealth/introcall

Paul and William discuss what everyone should consider before buying a vacation home.

This includes the purpose of the purchase, understanding the full costs involved, and weighing the costs of buying vs. renting.

The conversation also touches on the tax implications of purchasing properties and the importance of considering estate planning and different ownership structures.

Connect With Paul & William:

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

How to Avoid Choosing the Wrong Executor

Mon, 23 Sep 2024 09:44:01 GMT

Click here to book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2024-09

Click here to book a call with William: https://calendly.com/westendwealth/introcall

In this episode, we dive into one of the most critical yet often overlooked decisions in estate planning: choosing the right executor.

Selecting the wrong person for this role can lead to unnecessary delays, family conflict, and costly legal battles.

We’ll break down the essential qualities to look for in an executor, explore the common mistakes people make when choosing one, and provide practical tips to ensure your estate is handled smoothly and efficiently.

Whether you're updating your own estate plan or advising someone else, this episode will help you make a thoughtful, informed choice.

Connect With Paul & William:

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

How Will the Presidential Election Impact the Stock Market

Tue, 03 Sep 2024 09:28:24 GMT

Click here to book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2024-09

Click here to book a call with William: https://calendly.com/westendwealth/introcall?month=2024-08

It's election season in the US.

How much of an impact does the president have on the stock market?

What has historically happened in the stock market during presidential election years?

Has the stock market performed better under Republican or Democrat presidents?

Paul & William discuss all these questions & dive into the data so that you can better understand how this election will impact your portfolio.

Connect With Paul & William:

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

How Much of Your Portfolio Should Be Invested in Canada?

Tue, 20 Aug 2024 09:28:34 GMT

Click here to book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2024-07

Click here to book a call with William: https://calendly.com/westendwealth/introcall

According to a recent study, Canadian investors have allocated 50% of their stock portfolios to Canada.

This week, Paul & William discuss the concept of home bias and its implications for Canadian investors.

They compare the performance of Canadian investments to global ones and explore the risks and benefits associated with concentrating in Canadian stocks.

Key takeaways include:

- Diversifying investments globally can help to increase returns and lower volatility over long time periods

- The reasons for why a certain level of home bias is sensible for Canadian investors

Connect With Paul & William:

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

How Income Splitting With Your Spouse Can Save You Taxes

Tue, 06 Aug 2024 09:43:39 GMT

Click here to book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2024-07

Click here to book a call with William: https://calendly.com/westendwealth/introcall

This week, Paul & William look at the different ways in which splitting income with your spouse can help save you big on taxes.

They explore various approaches applicable to different situations, including those for both business

owners and salaried employees, emphasizing the potential benefits and legal considerations of each strategy.

The key takeaways from this episode include:

Income splitting is an effective strategy for couples to reduce their overall tax burden by taking advantage

of each spouse's differing income levels and tax rates.

The importance of understanding the rules and requirements for each strategy to ensure they are

implemented correctly and effectively, avoiding potential legal and tax penalties.

Connect With Paul & William:

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

How You Can Raise Money Smart Children

Tue, 23 Jul 2024 09:00:32 GMT

Click here to book a call with Paul: https://calendly.com/westendwealthplanning/introcall?preview_source=et_card&month=2024-07

Click here to book a call with William: https://calendly.com/westendwealth/introcall

This week, Paul & William discuss the importance of personal finance for children and the benefits of instilling good money habits from a young age.

After listening, you will better understand:

- Why early financial education is essential for creating lasting wealth and preventing future financial dependencies

- How practical experiences with money, such as managing a bank account and making informed purchase decisions, are key to learning financial responsibility

- Strengthening the habit of saving from a young age sets the groundwork for a financially secure adulthood.

- Introducing children to the concept of investing early on helps them understand the value of money and the importance of

growing their savings over time.

Connect With Paul & William:

Connect with William on LinkedIn:

/ williambarreca

Connect with Paul on LinkedIn:

/ paulbarreca

Follow William on X:

/ willbarreca

Hosted on Acast. See acast.com/privacy for more information.

What Should Your Advisor Do For You?

Tue, 09 Jul 2024 18:50:29 GMT

Proper financial planning is more than investment management.

This week, Paul & William review everything an advisor should be doing to provide full value to you

They tackle the essential elements of an effective financial plan, the misconceptions surrounding financial advisors' roles, and the real value advisors should bring to their clients.

Listeners will come away with better expectations of what to expect from an advisor and the different ways they can help to improve financial outcomes.

Connect With Paul & William:

Click here to book a call with Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Hosted on Acast. See acast.com/privacy for more information.

How to Know How Much You'll Need for Retirement

Tue, 25 Jun 2024 09:16:01 GMT

This week, Paul and William delve into the most pressing question in

retirement planning: "How much is enough?"

They explore the complexities of financial planning, the psychological impact

of 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 retirement

Connect With Paul & William:

Click here to book a call with Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Hosted on Acast. See acast.com/privacy for more information.

Is the Stock Market A Casino?

Tue, 11 Jun 2024 09:22:52 GMT

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 market

Key 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 rich

Connect With Paul & William:

Click here to book a call with Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Hosted on Acast. See acast.com/privacy for more information.

Costly Mistakes Made By High Income Earners

Tue, 28 May 2024 09:13:47 GMT

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 individuals
Behavioural biases
How to optimize the use of registered accounts
Lifestyle creep

Listeners will come away with a better understanding of building and maintaining wealth.

Connect With Paul & William:

Click here to book a call with Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Hosted on Acast. See acast.com/privacy for more information.

Federal Budget 2024: How to Plan for Upcoming Tax Changes

Thu, 16 May 2024 12:24:31 GMT

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 investments
You have any corporately held investments
You own an investment property
You own a business

These 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 Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Hosted on Acast. See acast.com/privacy for more information.

How Family Trusts Can Reduce Taxes for Business Owners

Tue, 30 Apr 2024 09:33:48 GMT

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 deferral
Tax on Split Income (TOSI) rules and how family trusts can reduce their impact
How family trusts can be used to reduce taxation on sale of capital property such as real estate
Using a family trust to multiply the Lifetime Capital Gains Exemption
How estate freezes can be used to pass a business onto the next generation

Connect With Paul & William:

Click here to book a call with Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Hosted on Acast. See acast.com/privacy for more information.

Estate Tax Planning 101: How to Minimize Taxes & Avoid Common Estate Problems

Tue, 16 Apr 2024 09:54:47 GMT

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 accounts
The tax treatment of RRSPs, RRIFs and TFSAs in the estate
The pros and cons of Segregated Funds
How trusts can be used to minimize estate taxes, and who they're suitable for

Connect With Paul & William:

Click here to book a call with Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Hosted on Acast. See acast.com/privacy for more information.

14 Lessons About Money Everyone Should Know

Tue, 02 Apr 2024 13:00:23 GMT

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 risk
Intelligence doesn't guarantee investment success
The benefits of being an optimist
How overthinking can be just as bad as not thinking at all
And 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 Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Hosted on Acast. See acast.com/privacy for more information.

Why Discussing Stocks With Your Advisor Is Likely Costing You Time & Money

Tue, 19 Mar 2024 09:15:36 GMT

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 Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Hosted on Acast. See acast.com/privacy for more information.

6 Underappreciated Risks of Retirement

Tue, 05 Mar 2024 10:34:53 GMT

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 these
Market 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 Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Hosted on Acast. See acast.com/privacy for more information.

Strategies to Reduce What You Pay in Taxes

Tue, 20 Feb 2024 10:23:47 GMT

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

Hosted on Acast. See acast.com/privacy for more information.

Why We're Hardwired to Be Terrible Investors

Tue, 06 Feb 2024 10:29:11 GMT

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 Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Hosted on Acast. See acast.com/privacy for more information.

Mastering Your RRSP: What You Should and Shouldn't Do

Tue, 23 Jan 2024 20:54:11 GMT

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 Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Hosted on Acast. See acast.com/privacy for more information.

Lessons from 2023 To Make You A Better Investor

Tue, 09 Jan 2024 10:15:21 GMT

This week, Paul & William look back on what happened in 2023, and how investors can use these lessons to become better investors into 2024 and beyond.

Lessons investors can learn include:

The truth behind Wall Street stock market forecasts: Do they have any value?
What drives stock market performance year to year
Why managing emotions is the hardest part of investing
How pervasive and impactful are the big news events of the day?
The importance of looking beyond a dividend yield
No investment is foolproof forever

Connect With Paul & William:

Click here to book a call with Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Hosted on Acast. See acast.com/privacy for more information.

The 5 Biggest Financial Mistakes Gen Xers Make

Tue, 19 Dec 2023 10:33:23 GMT

This week, Paul & William discuss the five biggest financial mistakes that prevent Gen Xers from reaching their financial goals

They shed light on why these mistakes occur and easy ways that you can avoid them and better secure your financial future

Connect With Paul & William:

Click here to book a call with Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Read Paul's blog

Read William's blog

Hosted on Acast. See acast.com/privacy for more information.

5 Biggest Financial Mistakes Business Owners Make

Tue, 05 Dec 2023 10:38:12 GMT

Business owners are unique individuals with unique financial needs.

With a number of business owner clients & being business owners themselves, Paul & William have a unique insight into the financial needs of business owners.

This week, Paul & William discuss the 5 biggest mistakes business owners make & how you can avoid them.

Our discussion is packed with practical advice and strategies to help business owners sidestep these mistakes and pave a smoother path toward financial freedom.

Connect With Paul & William:

Click here to book a call with Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Hosted on Acast. See acast.com/privacy for more information.

Robo-Advisors vs. DIY Investing vs. Full Service Financial Planners: An Honest Comparison

Tue, 21 Nov 2023 10:00:43 GMT

This week, Paul & William break down the main ways that people can access financial services/advice.

They try to provide an unbiased view and discuss the benefits and drawbacks of each service.

The objective is to give you a clearer idea of which service is the best fit for you and your unique situation.

Connect With Paul & William:

Click here to book a call with Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Read Paul's blog

Read William's blog

Hosted on Acast. See acast.com/privacy for more information.

Year End Tax Planning Tips

Tue, 07 Nov 2023 10:40:37 GMT

This week, Paul & William are joined by Mario Sgro, Chartered Accountant and Partner at VS LLP Charted Professional Accountants

Paul, William & Mario discuss ways that individuals and business owners can minimize their tax burden

Ideas discussed include:

1. Tax efficient retirement income withdrawals

2. Deferral of capital gains

3. Tax loss harvesting

4. Home office expenses

5. How to qualify for the pension tax credit

Connect With Paul & William:

Click here to book a call with Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Read Paul's blog

Read William's blog

Hosted on Acast. See acast.com/privacy for more information.

The Top 10 Questions Clients Ask Us

Tue, 10 Oct 2023 09:16:24 GMT

In this episode, Paul & William discuss the top 10 questions they get asked by clients.

Join us as we discuss some of the top concerns on the minds of our clients and help provide actionable insights on these common financial concerns.

Questions covered include:

Is it better for me to contribute to an RRSP or TFSA?
Do I have enough to retire?
How do Registered Education Savings Plans (RESPs) work?
When should I take OAS & CPP?
Can I use joint ownership to avoid probate?

Connect With Paul & William:

Click here to book a call with Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Read Paul's blog

Read William's blog

Hosted on Acast. See acast.com/privacy for more information.

Clients We Serve & Problems We Solve

Tue, 26 Sep 2023 09:40:25 GMT

Financial planning is a personalized journey, and finding the right advisor-client fit is crucial. In this episode, Paul & William explore the qualities and characteristics of clients who benefit most from our services.

They also dive in and explore the most common types of problems they solve for their clients, including:

1. Savings and Investments: Discover the strategies we employ to help clients build wealth, whether it's for major life milestones, education, or retirement.

2. Retirement Planning: Understand the importance of early retirement planning and how we assist clients in creating a secure retirement roadmap.

3. Risk Management: Explore the ways we protect our clients from unexpected financial setbacks

4. Tax Efficiency: Delve into the world of tax planning and how we optimize our client's financial plans to minimize tax liabilities.

Connect With Paul & William:

Click here to book a call with Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Read Paul's blog

Read William's blog

Hosted on Acast. See acast.com/privacy for more information.

Why We Are Advisors

Tue, 12 Sep 2023 09:19:12 GMT

Welcome back to Retirement Straight Talk With Paul & William. In today's episode, we're going to pull back the curtain and share the story of who we are and why we chose the path of financial advising.

Join us, as we dive deep into our personal journeys and experiences that led us to become financial advisors.

You'll get an inside look at the passion and dedication that fuels our desire to make a difference in people's lives. Through personal anecdotes and insights gained from years in the industry, we'll discuss the importance of financial literacy, the impact of financial decisions on our lives, and the satisfaction of helping others achieve their financial goals.

Understanding our journey will shed light on the dedication and passion that underpin our commitment to your financial success. We'll reveal the values and principles that guide our every decision as financial advisors.

Connect With Paul & William:

Click here to book a call with Paul

Click here to book a call with William

Connect with Paul on Linkedin

Connect with William on Linkedin

Follow William on Twitter

Read Paul's blog

Read William's blog

Hosted on Acast. See acast.com/privacy for more information.

Understanding the Role of the Executor & How to Make the Best Choice for Your Estate

Tue, 04 Jul 2023 09:04:11 GMT

Join us as we delve into the pivotal responsibilities and profound impact an executor holds in administering the final wishes of a departed loved one.

We explore the multifaceted role of an executor, who acts as a custodian of the deceased's legacy, entrusted with safeguarding their assets and ensuring their intentions are meticulously executed.

You will come away from this episode with a better understanding of:

The responsibilities and challenges that face an executor
How to choose the best executor to carry out the wishes of your estate
Common mistakes made when choosing an executor
Solutions for when you don't have an optimal person in your life to act as your executor

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/in...

Hosted on Acast. See acast.com/privacy for more information.

5 Investment Misconceptions You Need to Avoid

Tue, 27 Jun 2023 09:42:28 GMT

Join hosts Paul and William as they dismantle common misconceptions that hinder financial growth. Through a captivating conversation, they tackle a range of common myths that often lead investors astray, offering clarity and insights to empower listeners on their financial journeys.

They explore topics such as the best approach to choosing investments, the notion of stock market bubble indicators and critically examine "buying the dip" as a strategy.

By unraveling these misconceptions, Paul and William strive to equip listeners with the knowledge and understanding necessary to make informed investment decisions. Each myth they debunk brings investors one step closer to maximizing their financial potential.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/in...

Hosted on Acast. See acast.com/privacy for more information.

5 Ways You Can Pay Less Taxes On Your Investments

Tue, 20 Jun 2023 20:28:50 GMT

Join Paul & William as they explore various ways you can optimize your investment portfolio to minimize your tax burden and maximize your returns.

They discuss tax planning strategies such as tax-loss harvesting, asset location optimization, as well as some common misconceptions that cause investors to pay higher than needed taxes.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/in...

Hosted on Acast. See acast.com/privacy for more information.

Should You Change Your Portfolio At Retirement?

Tue, 13 Jun 2023 18:17:41 GMT

This week, Paul & William discuss the potential benefits and risks associated with adjusting your portfolio at retirement and share their perspectives on how to approach this critical decision.

Retirement is a significant milestone in anyone's life, and it brings about a host of financial considerations. One crucial decision is determining if and how you should modify your investment strategy to align with your changing circumstances.

We explore the significance of retirement goals and lifestyle aspirations, emphasizing the importance of aligning your investment strategy with your specific needs during this phase of life. We also expand on factors such as risk tolerance, time horizon, income needs, and legacy planning.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/in...

Hosted on Acast. See acast.com/privacy for more information.

Why Investors Flock to the Loudest & Least Skilled Voices on Social Media

Tue, 06 Jun 2023 09:43:29 GMT

In this eye-opening podcast episode, we delve into an article titled "Investors Flock to Loudest, Least Skilled Voices on Social Media."

Drawing from the study's insights, we shed light on the phenomenon of individuals flocking to the loudest and most unqualified voices in the digital realm when it comes to financial decision-making.

We explore why these influencers, despite lacking true expertise, often gain substantial followings and how this phenomenon impacts investors' decision-making processes.

Discover why critical thinking, research, and seeking advice from qualified professionals remain essential for making informed financial decisions in an increasingly digital world.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/introcall

Hosted on Acast. See acast.com/privacy for more information.

10 Ways to Ruin Your Financial Future Part 2

Tue, 30 May 2023 09:01:48 GMT

Join Paul & William for part 2 of 10 surefire ways to ruin your financial future.

Paul & William discuss Dr. Daniel Crosby's research which sheds light on the profound correlation between your behavior patterns, market volatility, and the ultimate realization of your long-term financial goals. Referred to as the "behavior gap," this space between market returns and realized returns is now recognized as a critical factor that influences investment success.

Savvy investors are now realizing that they are every bit as central to their success as the actual vehicles in which they are invested.

Dr. Crosby's first book, Personal Benchmark: Integrating Behavioral Finance and Investment Management, was a New York Times bestseller. His second book, The Laws of Wealth, was named the best investment book of 2017 by the Axiom Business Book Awards and has been translated into Japanese, Chinese, Vietnamese and German. His latest work, The Behavioral Investor, is an in-depth look at how sociology, psychology and neurology all impact investment decision-making.

Check out the Laws of Wealth by Dr. Crosby here: https://www.amazon.ca/Laws-Wealth-Psychology-investing-success/dp/0857195247

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/introcall

Hosted on Acast. See acast.com/privacy for more information.

10 Surefire Ways to Ruin Your Financial Future Part 1

Tue, 23 May 2023 09:28:05 GMT

This week, Paul & William discuss research from psychologist and behavioral finance expert Dr. Daniel Crosby on 10 surefire ways to ruin your financial future.

Dr. Crosby's research sheds light on the profound correlation between your behavior patterns, market volatility, and the ultimate realization of your long-term financial goals. Referred to as the "behavior gap," this space between market returns and realized returns is now recognized as a critical factor that influences investment success.

Savvy investors are now realizing that they are every bit as central to their success as the actual vehicles in which they are invested.

Join us for part 1 of our 2-part episode, and discover 10 key principles for ensuring that you minimize the behavior gap and maximize achieving your financial goals.

Check out the Laws of Wealth by Dr. Crosby here: https://www.amazon.ca/Laws-Wealth-Psychology-investing-success/dp/0857195247

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/introcall

Hosted on Acast. See acast.com/privacy for more information.

Exploring the Pros & Cons of Investing in Stocks vs Real Estate

Tue, 16 May 2023 09:05:17 GMT

In this episode, we explore the key differences between investing in the stock market and investing in real estate.

Both investments have the potential to generate significant returns, but they also come with their own unique risks and challenges.

We'll take a close look at the pros and cons of each investment strategy, including factors like liquidity, diversification, and tax implications.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/introcall

Hosted on Acast. See acast.com/privacy for more information.

How to Know If Your Financial Planner Is Earning Their Fees

Tue, 09 May 2023 09:21:25 GMT

When you hire a financial planner, you're entrusting them with your hard-earned money and financial future. It's important to ensure that you're getting value for the fees you're paying.

A good financial planner can undoubtedly provide tremendous value for the fees they charge, but it's necessary to make sure they're offering services that justify their fees.

In this podcast episode, we'll begin by discussing the type of services you should anticipate from a financial planner. It's critical to have a clear comprehension of what you're paying for and what you should expect from your planner.

Additionally, we'll delve into the warning signs that you should be aware of when dealing with financial planners, and common scenarios we see where the clients aren't getting full value for the fees they're paying.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/introcall

Hosted on Acast. See acast.com/privacy for more information.

Protecting Your Loved Ones: Why Life Insurance Matters

Tue, 02 May 2023 09:20:19 GMT

In this episode, Paul & William discuss the importance of life insurance and why it's crucial for anyone looking to secure the future of their loved ones.

We'll dive into the basics of life insurance, including what it is, how it works, and the different types of policies available. We'll also explore the various factors that determine the cost of life insurance and how to choose the right policy that fits your needs and budget.

We'll examine the benefits of life insurance, including how it provides financial security for your family in the event of your unexpected death, pays off outstanding debts, and covers funeral expenses.

We'll also address common misconceptions surrounding life insurance and dispel any myths that may be preventing people from considering this essential protection.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

Don't Make These 3 Expensive CPP & OAS Mistakes

Tue, 25 Apr 2023 09:34:38 GMT

In this podcast episode, we discuss 3 common mistakes made by retirees when it comes to CPP (Canada Pension Plan) and OAS (Old Age Security) benefits. These benefits can make a significant difference in a retiree's financial security, so it's crucial to understand how to maximize them.

Some of the topics we will cover include:

Understanding how CPP and OAS work and how to qualify for them
Knowing when to start taking CPP and OAS benefits
Understanding the impact of early or delayed CPP and OAS benefits on your retirement income
Strategies to minimize taxes on CPP and OAS benefits

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

5 Things About Investing You Probably Haven't Thought About

Tue, 18 Apr 2023 09:26:47 GMT

This week, Paul & William explore the world of investing from a unique perspective. In this episode, we discuss five things about investing that you probably haven't thought about before.

Investing can be a complex and overwhelming topic, but we aim to simplify it for you by shedding light on some often-overlooked aspects of investing. Paul & William will share their insights on how to navigate these aspects and give you practical tips on how to make smarter investment decisions.

Whether you're a seasoned investor or just starting to dip your toes into the world of investing, this episode is sure to provide you with new and valuable perspectives on how to make the most of your investment portfolio.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

5 Common Estate Planning Mistakes You Need to Avoid

Tue, 11 Apr 2023 09:03:30 GMT

In this podcast episode, Paul & William discuss the top 5 estate planning mistakes that individuals make and how to avoid them. Estate planning is a crucial process that can ensure your assets are distributed according to your wishes after your death. However, many people make mistakes during the planning process that can cause unnecessary taxes, unintended consequences and family conflicts.

Listeners will learn how to ensure their beneficiaries receive their assets as intended, how to minimize the impact of taxes on their estate, and how to have those uncomfortable but necessary conversations with your family and heirs.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

What You Should Consider Before Early Retirement

Tue, 04 Apr 2023 09:24:37 GMT

In this episode, Paul & William explore the growing trend of people who are choosing to retire earlier than the traditional retirement age.

While there are certainly benefits to retiring early, such as more time to pursue hobbies and spend time with loved ones, there are also some drawbacks to consider.

We'll start by discussing the potential financial challenges that come with early retirement, such as the need to rely on savings for a longer period of time. We'll also touch on the psychological impact of leaving the workforce earlier than expected, such as the loss of social connections and feelings of purpose.

Ultimately, the decision to retire early is a personal one that requires careful consideration of all the factors involved. We hope that this episode will provide you with some valuable insights and help you make an informed decision about your own retirement plans.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

Why Listening to the Media Is Bad For Your Investing

Tue, 28 Mar 2023 09:38:10 GMT

Are you constantly checking the news and listening to financial pundits for the latest investment advice? While the media is often seen as a valuable source of information, especially when it comes to investing, the reality is that many experts in the media are often wrong.

In this podcast episode, we'll explore why listening to the media can be bad for your investing and provide you with tips on how to make smart investment decisions without being swayed by media hype.

We start by highlighting some prominent examples of experts who made terrible calls or predictions that turned out to be wrong.

We'll also discuss how media outlets are often more concerned with generating views and clicks than providing accurate financial analysis.

By the end of this podcast, listeners will have a better understanding of the potential pitfalls of relying too heavily on the media for investment advice and will be better equipped to make sound decisions for their financial futures.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

How Much Do You Need to Retire?

Tue, 21 Mar 2023 15:58:37 GMT

As we get older, many of us start to think about our retirement years and how we'll support ourselves without a regular income. It's a daunting prospect, but with some careful planning and preparation, you can make sure that you have the financial resources you need to enjoy your golden years.

In this episode, we'll explore the various factors that can influence how much you need to save for retirement, such as your lifestyle, retirement goals, and anticipated expenses.

Whether you're just starting to think about retirement, nearing retirement, or already retired, this podcast will provide you with the information you need to make informed decisions about your financial future.

So join us as we explore the question of how much you need to retire, and learn how to take control of your retirement planning today.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

Should You Own Individual Stocks?

Tue, 14 Mar 2023 09:12:57 GMT

Many people are drawn to the idea of individual stocks. It's extremely tempting to think that you can pick the next Amazon or Apple and get rich.

While extremely alluring, individual stock investing is much more difficult and risky than many realize.

Through an examination of real-world statistics, and case studies, Paul & William explain how for the great majority of people, individual stock picking leads both to underperformance and undue portfolio risk.

Listeners will leave this podcast with a greater understanding of the risks associated with owning individual stocks and a clear path to building a diversified investment portfolio to help them achieve their long-term financial goals.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

Tax Planning Part 2: How You Can Pay Less in Taxes

Tue, 07 Mar 2023 10:14:52 GMT

This week, Paul & William cover a wide range of tax planning strategies and ways to help you pay less taxes.

Paul & William share practical advice and insights on how to optimize your tax planning efforts. They cover a wide range of topics, including tax-efficient investment strategies, retirement planning, estate planning, and more.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

5 Common High Level Tax Planning Mistakes

Tue, 28 Feb 2023 10:11:31 GMT

As we enter tax season, Paul & William discuss some of the most common high level tax planning mistakes that individuals often make. We will provide you with tips and strategies to help you avoid these pitfalls and ensure that you're not paying more than you need in taxes.

This is a two-part episode- Next weeks episode will discuss more specific strategies you can implement to help lower your tax bill.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

How Your Brain Tricks You Into Making Dumb Decisions With Your Money

Tue, 21 Feb 2023 13:46:12 GMT

As humans, we're all victims of several different psychological biases that cause us to make irrational decisions.

This week, Paul & William share their insights and real-life experiences in dealing with the biases that can lead investors astray.

From the overconfidence bias to the confirmation bias, we will cover a range of psychological biases that can impact investment decisions. While it's impossible to eradicate these biases, they will also provide practical advice on how to recognize and best overcome these ways of thinking, making you a more informed investor.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

Individual Pension Plans: The Super RRSP for Business Owners

Mon, 13 Feb 2023 18:33:14 GMT

This week, Paul & William dive into Individual Pension Plan's (IPPs), discussing the pros and cons and explaining how you can determine if it's beneficial to set one up for yourself and/or key employees.

IPPs can offer huge benefits to business owners looking to build wealth and save for retirement outside of their business. The IPP offers the availability of massive tax deductions for your business and the ability to save more than a conventional RRSP.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

5 Lessons From 2022

Tue, 07 Feb 2023 12:00:53 GMT

Join Paul & William as they dive in and explore 5 lessons learned from 2022.

2022 was a generationally bad year for investing. Stocks, bonds, and real estate all experienced steep declines leaving little place to hide.

They share insights on the key factors that impacted the market, the successes and failures of various investment strategies, and the valuable lessons that can be applied.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Shout out to Ben Carlson for inspiring this episode. Find his work here: https://awealthofcommonsense.com/2023/01/5-lessons-from-an-awful-year-for-financial-markets/

Hosted on Acast. See acast.com/privacy for more information.

Avoid These Common Business Owner Retirement Planning Mistakes

Wed, 01 Feb 2023 15:27:36 GMT

If you're a business owner, it's important to make smart planning decisions to secure your financial future.

Unfortunately, many business owners fall into common traps that can prevent them from achieving their goals. In our podcast, we explore these common mistakes and provide actionable insights to help you avoid them.

Join us and ensure that all the hard work you put into your business doesn't go to waste.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

The Complete RRSP Breakdown

Wed, 25 Jan 2023 17:05:56 GMT

We're getting close to the RRSP deadline, so this week, Paul & William break down everything RRSP related.

They discuss common RRSP misconceptions and many little-known benefits that can make a huge difference.

While RRSPs are a fantastic investment vehicle, they aren't for everyone. Paul & William review what situations they aren't appropriate for.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

2022 Year In Review & What to Expect Moving Forward

Tue, 17 Jan 2023 13:08:35 GMT

This week, Paul & William discuss the unprecedented year that was 2022.

2022 was one of the worst years for the stock & bond markets in history. Why did this happen? And how does this affect your portfolio and long-term planning?

Paul & William also look forward on what to expect in 2023, and what investors should be doing to position themselves for success.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

The Risks of Joint Tenancy

Mon, 09 Jan 2023 21:38:57 GMT

This week, Paul & William review different ownership structures for joint assets like real estate and investment accounts.

With proper planning, the right ownership structure could save you huge amounts of taxes and time.

Before implementation, there are important considerations to factor in based on your specific situation.

Please note that this a high level discussion and should not be considered legal advice. A lawyer should be consulted before implementing any of the discussed strategies & structures.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

Does Dividend Investing Help Your Investment Returns?

Tue, 03 Jan 2023 17:39:18 GMT

On this week's episode, Paul & William break down dividend investing and how it affects the return of your portfolio.

Dividend investing is one of the most popular styles out there. People love the feeling of getting cash for seemingly no work.

A single-minded focus on dividends can lead to lower total returns for your portfolio and unnecessary taxation problems.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthpla...

William: https://calendly.com/westendwealth/ph...

Hosted on Acast. See acast.com/privacy for more information.

When Should You Start Planning Your Retirement?

Mon, 12 Dec 2022 17:12:00 GMT

Want to have continued clarity, and confidence in your financial situation? Do you want freedom and the ability to withstand all the unforeseen speedbumps that life inevitably throws at you?

Retirement planning can help provide for all of this. But the work doesn't begin a couple of years before retirement.

On this week's episode, Paul & William discuss how retirement planning is a process that should encompass your entire adult life.

They review what you should be doing to set yourself up for continued success, and the perils of waiting too long or not planning and leaving it up to chance.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthplanning/15min

William: https://calendly.com/westendwealth/phone-call?back=1&month=2022-12

Hosted on Acast. See acast.com/privacy for more information.

Are GICs Right For You?

Wed, 07 Dec 2022 14:50:19 GMT

This week, Paul & William discuss GICs as an investment.

Today, GICs are being marketed with much more alluring sounding rates than in recent years. But there, are important factors to consider making GICs, not as attractive an investment as they appear on the surface.

Paul & William analyze this and review what type of investor GICs make sense for and in what circumstances.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Would you like to chat with Paul or William? Have a question for them? Set up a call by following these links:

Paul: https://calendly.com/westendwealthplanning/advisor-call

William: https://calendly.com/westendwealth/phone-call-clone?back=1&month=2022-12

Hosted on Acast. See acast.com/privacy for more information.

How to Stay On Track During Market Declines

Mon, 28 Nov 2022 20:30:59 GMT

2022 has been a terrible year for investors. Stocks, bonds and real estate have all seen significant declines.

Years like this can lead to very expensive and emotionally driven mistakes.

In this week's episode, Paul & William review what you should do to ensure you remain on track.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com.

Hosted on Acast. See acast.com/privacy for more information.

Year End Tax Planning

Thu, 17 Nov 2022 17:21:52 GMT

In this week's episode, Paul & William review different tax planning strategies you should consider as we approach the end of the year.

Tax planning is one of the most overlooked aspects of financial planning. Ignoring it can mean massive amounts of money needlessly lost to taxes.

Feel free to email us at info@westendwealth.com with any questions, feedback, or topics you'd like us to discuss in the future.

Hosted on Acast. See acast.com/privacy for more information.

Four Questions to Ask Before Hiring A Financial Advisor

Wed, 09 Nov 2022 22:26:01 GMT

On this week's episode, we outline and discuss four questions you need to ask before hiring a Financial Advisor.

Hiring an Advisor is a big decision. You need someone with the right skills, and temperament, and who shares similar values.

Asking these questions will help you find the right Advisor, and provide the basis for a successful relationship.

Feel free to email us at info@westendwealth.com with any questions, feedback, or topics you'd like us to cover in the future.

Hosted on Acast. See acast.com/privacy for more information.

Should You Try & Time The Market?

Fri, 04 Nov 2022 14:21:03 GMT

This week, Paul & William discuss the concept of market timing. Is it possible to execute successfully? And how much of a difference can market timing make to your long-term financial well-being?

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Hosted on Acast. See acast.com/privacy for more information.

Bonds, Interest Rates, & Your Portfolio

Fri, 21 Oct 2022 14:49:43 GMT

This week, Paul & William discuss the volatile year in the markets. Normally, bonds are able to reduce some of the volatility in a balanced portfolio when stock markets decline, but that hasn't been the case this year.

Paul & William explain why this has happened, and also look ahead at the outlook for fixed-income investments, and how you should be positioning yourself moving forward.

If you have any feedback, questions, or topics you'd like us to cover, send us an email at info@westendwealth.com

Hosted on Acast. See acast.com/privacy for more information.

Retirement Straight Talk With Paul & William

Popular Investing Beliefs That Just Aren’t True (Part Two)

Popular Investing Beliefs that Just Aren't True - Part One

How to Create Your Journey to Wealth & Freedom with Chris Reynolds

Ten Lessons Paul Has Learned in 35 Years (Part Two)

Ten Lessons Paul Has Learned in 35 Years (Part One)

Where to Pull Your Money Out in Retirement: How to Make Your Money Last

Joint Ownership With Your Kids: Estate Planning Shortcut or Costly Mistake?

How to Choose A Financial Advisor And Not Get Burned

6 Retirement Risks That Could Derail Your Plans (And How to Avoid Them)

Six Ways Your Business Can Fail

The Best Age to Take CPP (And What Most Canadians Get Wrong)

How Your Brain Can Sabotage Your Portfolio (And What to Do About It)

Will Your Retirement Plan Survive a Market Crash? How to Stress Test It

The Silent Threat to Your Family’s Financial Future

The Ultimate RESP Guide

How to Exit Your Business Without Losing a Fortune to Taxes

The Most Common Estate Planning Mistakes (and How to Avoid Them)

7 Tax and Retirement Planning Strategies Every Canadian Business Owner Should Know

10 Realities About the Stock Market You Can't Afford to Ignore

Why Most Business Owners Fail- And How to Avoid It

Most Canadians Lack a True Financial Plan—Do You?

What Should Investors Do About Trump’s Tariffs?

Do RRSPs Make Sense for Business Owners?

RRSP vs. TFSA Explained: How to Make the Right Choice for You

Lessons from 2024 to Help You in 2025 & Beyond

Avoid These Financial Blindspots: A Guide for Business Owners

Reviewing the Worst Financial Advice on the Internet

Protecting Your Inheritance from Divorce: Essential Strategies

9 Costly Financial Mistakes to Avoid for Long-Term Wealth

The Real Impact of Interest Rate Cuts on Your Wealth

What You Should Consider Before Buying A Vacation Property

How to Avoid Choosing the Wrong Executor

How Will the Presidential Election Impact the Stock Market

How Much of Your Portfolio Should Be Invested in Canada?

How Income Splitting With Your Spouse Can Save You Taxes

How You Can Raise Money Smart Children

What Should Your Advisor Do For You?

How to Know How Much You'll Need for Retirement

Is the Stock Market A Casino?

Costly Mistakes Made By High Income Earners

Federal Budget 2024: How to Plan for Upcoming Tax Changes

How Family Trusts Can Reduce Taxes for Business Owners

Estate Tax Planning 101: How to Minimize Taxes & Avoid Common Estate Problems

14 Lessons About Money Everyone Should Know

Why Discussing Stocks With Your Advisor Is Likely Costing You Time & Money

6 Underappreciated Risks of Retirement

Strategies to Reduce What You Pay in Taxes

Why We're Hardwired to Be Terrible Investors

Mastering Your RRSP: What You Should and Shouldn't Do

Lessons from 2023 To Make You A Better Investor

The 5 Biggest Financial Mistakes Gen Xers Make

5 Biggest Financial Mistakes Business Owners Make

Robo-Advisors vs. DIY Investing vs. Full Service Financial Planners: An Honest Comparison

Year End Tax Planning Tips

Top 10 Questions Prospective Clients Ask Us

The Top 10 Questions Clients Ask Us

Clients We Serve & Problems We Solve

Why We Are Advisors

Understanding the Role of the Executor & How to Make the Best Choice for Your Estate

5 Investment Misconceptions You Need to Avoid

5 Ways You Can Pay Less Taxes On Your Investments

Should You Change Your Portfolio At Retirement?

Why Investors Flock to the Loudest & Least Skilled Voices on Social Media

10 Ways to Ruin Your Financial Future Part 2

10 Surefire Ways to Ruin Your Financial Future Part 1

Exploring the Pros & Cons of Investing in Stocks vs Real Estate

How to Know If Your Financial Planner Is Earning Their Fees

Protecting Your Loved Ones: Why Life Insurance Matters

Don't Make These 3 Expensive CPP & OAS Mistakes

5 Things About Investing You Probably Haven't Thought About

5 Common Estate Planning Mistakes You Need to Avoid

What You Should Consider Before Early Retirement

Why Listening to the Media Is Bad For Your Investing

How Much Do You Need to Retire?

Should You Own Individual Stocks?

Tax Planning Part 2: How You Can Pay Less in Taxes

5 Common High Level Tax Planning Mistakes

How Your Brain Tricks You Into Making Dumb Decisions With Your Money

Individual Pension Plans: The Super RRSP for Business Owners