Episodes
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This week, Paul is joined by special guest Dennis Serre, President & CEO of Serre Financial.
Dennis brings over 30 years of taxation planning experience to clients and financial advisors across the country. He began his career with the CRA, and he remains a leader in the industry by researching and providing unique tax alternatives to business owners and high-net-worth individuals.
Paul & Dennis discuss the use of family trusts for business owners and how they can be used to reduce taxation.
Topics discussed include, but aren't limited to:
The use of family trusts for tax deferralTax on Split Income (TOSI) rules and how family trusts can reduce their impactHow family trusts can be used to reduce taxation on sale of capital property such as real estateUsing a family trust to multiply the Lifetime Capital Gains ExemptionHow estate freezes can be used to pass a business onto the next generationConnect With Paul & William:
Click here to book a call with Paul
Click here to book a call with William
Connect with Paul on Linkedin
Connect with William on Linkedin
Follow William on Twitter
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.
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This week, Paul and William discuss common strategies individuals use to reduce or avoid paying taxes on their estates.
Through their discussion, Paul and William discuss the pros and cons of each strategy and what type of individuals are best suited for them.
At the end of this episode, you will have a better understanding of how different assets are taxed in the estate, and what strategies make sense to help you reduce what your estate will pay in taxes.
Topics discussed include, but are not limited to:
Joint ownership of real estate and investment accountsThe tax treatment of RRSPs, RRIFs and TFSAs in the estateThe pros and cons of Segregated FundsHow trusts can be used to minimize estate taxes, and who they're suitable forConnect With Paul & William:
Click here to book a call with Paul
Click here to book a call with William
Connect with Paul on Linkedin
Connect with William on Linkedin
Follow William on Twitter
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.
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Missing episodes?
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This week, Paul & William reflect on their careers thus far. Drawing from their wealth of experience in wealth management and financial planning, they share 14 invaluable lessons they've learned that can empower listeners to take control of their financial futures.
Throughout the show, Paul & William share personal anecdotes and real-world examples that illustrate the impact of sound financial decision-making.
Topics discussed include:
How experiences shape your perception of riskIntelligence doesn't guarantee investment successThe benefits of being an optimistHow overthinking can be just as bad as not thinking at allAnd much more!Links From Today's Episode:
Ben Carlson "20 Lessons From 20 Years of Managing Money" https://awealthofcommonsense.com/2024/03/20-lessons-from-20-years-of-managing-money/
Connect With Paul & William:
Click here to book a call with Paul
Click here to book a call with William
Connect with Paul on Linkedin
Connect with William on Linkedin
Follow William on Twitter
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.
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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
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.
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This week, Paul & William examine 6 underappreciated risks of retirement that often get overlooked. While many focus on financial preparedness, there are several other crucial risks are frequently underestimated or ignored altogether.
Join us as we uncover 6 underappreciated risks that could significantly impact your retirement year, including:
Critical Financial Events: Unexpected expenses like healthcare can easily erode savings. Paul and William discuss strategies to mitigate against theseMarket Volatility: The stock market can be unpredictable, and retirees are not immune to its fluctuations. Discover effective investment strategies to mitigate the impact of market volatility on your retirement portfolio.Inflation Erosion: Understand how inflation can erode purchasing power over time, affecting retirees' ability to maintain their desired standard of living throughout their retirement years.Longevity Risk: Examine the challenges posed by longer life expectancies, including the potential for outliving retirement savings and the importance of planning for extended lifespans.Throughout the episode, Paul & William provide actionable advice and practical tips for navigating these underappreciated risks, empowering listeners to make informed decisions to safeguard their retirement. Whether you're approaching retirement or already enjoying your golden years, this episode is a must-listen for anyone concerned about securing their financial future.
Connect With Paul & William:
Click here to book a call with Paul
Click here to book a call with William
Connect with Paul on Linkedin
Connect with William on Linkedin
Follow William on Twitter
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.
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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
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.
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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
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.
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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
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.
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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 yearWhy managing emotions is the hardest part of investingHow pervasive and impactful are the big news events of the day?The importance of looking beyond a dividend yieldNo investment is foolproof foreverConnect 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
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.
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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
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.
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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
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.
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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
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.
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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
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.
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This week, Paul & William discuss the top 10 questions they get asked by people who are interested in working with them.
Topics covered include:
How much do you cost?What services do you provide?Are you a fiduciary?What will our relationship look like?What is your investment philosophy?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
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.
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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
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.
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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
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.
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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
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.
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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 executorHow to choose the best executor to carry out the wishes of your estateCommon mistakes made when choosing an executorSolutions for when you don't have an optimal person in your life to act as your executorIf you have any feedback, questions, or topics you'd like us to cover, send us an email at [email protected]
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...
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.
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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 [email protected]
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...
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.
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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 [email protected]
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...
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.
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