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ABOUT THIS PODCAST 🔗

Update frequency:
weekly
Average audio length:
21 minutes
Guest interviews
English
Canada
248 episodes
since Nov. 19, 2021
episodic

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The people who walk in with the most secure retirement income Joe ever sees - a defined benefit pension that pays every month for the rest of their life - are very often the most nervous about spending their savings. The strongest floor under them of anybody, and they are the ones white-knuckling t…

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Last week we touched on three things you should do when markets drop. This week is the flip side: the one mistake that does more damage than all the rest put together. If you get this wrong, it can quietly undo years of good planning in a single scared afternoon. Joe is recording this while things …
Right now, markets are calm. And that is exactly the right time to talk about what to do when they are not. When markets drop, almost everything your gut is telling you to do is the exact opposite of what you should actually do. This episode is your fire drill - so you know where the exits are long…
Most people have one date circled for their Registered Retirement Savings Plan (RRSP) - the year they turn 71. The year when it has to convert to a Registered Retirement Income Fund (RRIF). The plan is simple - just don't touch it until you have to. But there is a move available at 65 that most peo…
"My pension pays $4,000 a month for life." "I've got a million and a half in GICs and I'll live on $100,000 a year for the next 20 years." Both statements are said with real relief - and both people might be taking on a lot more risk than they realize. Today Joe explains why guaranteed is not the s…
For 40 years, your paycheque just showed up. Then you retire, and suddenly you are sitting on the biggest amount of money you have ever had with no paycheque coming in. A lot of good savers freeze. They are scared to touch it, and they end up living much smaller than they can afford in the exact y…
When Joe asks couples in retirement planning whether they would ever be open to freeing up equity in their home, the reaction is almost always the same: "I don't want to leave my house" or "if I have to do that, I don't think I can retire." But nobody is asking you to sell your house this year. Tha…
You sign your will, feel a wave of relief, and put it in the drawer. Done, handled, the kids are taken care of. But a will mostly records what you decided. It does not explain why. And if your children have never heard your reasoning while you are still here to explain it, you can leave them with a…
More than half of Canadians say they are afraid of making the wrong financial decision, and half say they have lost sleep over money. Your first instinct is probably that this is about people who do not have enough. But some of the most financially stressed people Joe sits down with have more than …
If something happened to you tomorrow, do you know who would actually receive each of your accounts? Not who you think it is - but who is actually named on the paperwork right now. For a lot of people, the honest answer is they set it up years ago and have not looked at it since. That is exactly th…
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