In this episode, we had the pleasure of speaking with Kelso Beggs, a financial planning and relationship management specialist at PPI, to explore how life insurance can serve as more than just a protective tool but also as a powerful asset class for building wealth. Our conversation dove into the different types of life insurance, including participating and universal life policies, explaining their roles, benefits, and how they can be strategically used for wealth accumulation and estate planning. We also addressed common misconceptions around insurance and highlighted its applications for both high-net-worth business owners and everyday clients with surplus income.

Our chat with Kelso shed light on how life insurance can help with tax efficiency, asset diversification, and legacy planning, making it a crucial component of a well-rounded financial strategy. Whether you're a business owner with surplus cash flow or a retiree looking for tax-efficient ways to transfer wealth, life insurance offers solutions worth considering. We broke down complex concepts and real-life examples to show how insurance goes beyond simple protection and becomes an impactful financial tool. Stay tuned as we take you through strategies that could change how you view and utilize insurance in your financial planning journey.

Connect with our Hosts:Adrian’s LinkedIn:https://ca.linkedin.com/in/adrianblake1Trevor’s LinkedIn:https://ca.linkedin.com/in/millerwealthmanagementConnect with Cherry Hill Private Wealth, a trade name of Harbourfront Wealth Management Inc.https://www.cherryhillprivatewealth.ca/https://www.harbourfrontwealth.comConnect with our Guest:https://www.linkedin.com/in/kelsobeggs/

Timestamps:00:00 - Introduction to the episode and today's guest, Kelso Beggs.

02:01 - Kelso introduces himself, his role at PPI, and his background.

04:01 - Discussion on common misconceptions about life insurance.

09:01 - Exploring the differences between term life and cash value life insurance.

12:31 - How life insurance can be leveraged as an investment tool.

17:31 - Real-life examples of clients using life insurance for tax efficiency and retirement planning.

22:01 - Explanation of participating life insurance policies and cash value growth.

27:01 - Universal life insurance policies and differences from participating policies.

31:01 - Insurance strategies for older clients and estate planning benefits.

36:01 - Life insurance as part of a diversified investment portfolio.

40:01 - Recap of key takeaways and closing remarks.

Let’s schedule a call to meet each other and see if we can help you achieve a financial roadmap that helps you create a financial plan that focuses on what, and whom, means the most to you. Book a consultation call here.

In this episode, we explore the relationship between U.S. presidential elections and market performance, tackling the common question: Does the political party in power really impact your investments? Many clients and investors express concerns about how the market will react depending on who wins, but we dive into the data and show that it’s not so much who’s elected, but rather the uncertainty leading up to elections that causes the most market volatility. While both Republican and Democratic presidencies have had different levels of market success, the overall takeaway is that long-term investing tends to outperform any attempts to time the market based on political events.

We also discuss how businesses, which drive market performance, care more about economic stability than which party is in power. Interestingly, markets tend to do better when Congress is divided, as it provides more stability and less drastic policy changes. The main takeaway we want you to have is this: rather than getting caught up in the short-term noise of politics, it’s more beneficial to stay focused on your long-term investment goals and reduce volatility where possible. Whether it's a presidential election or another major event, staying the course in the market tends to deliver better outcomes in the long run.

Connect with our Hosts:

Adrian’s LinkedIn:

https://ca.linkedin.com/in/adrianblake1

Trevor’s LinkedIn:

https://ca.linkedin.com/in/millerwealthmanagement

Connect with Cherry Hill Private Wealth, a trade name of Harbourfront Wealth Management Inc.

https://www.cherryhillprivatewealth.ca/https://www.harbourfrontwealth.com

Timestamps:

00:00 – Introduction: Overview of the episode topic and comparing market performance under Republican vs. Democratic presidencies.

02:06 – Market volatility and elections: Discussion on how elections cause anxiety and market volatility, and how clients react to political uncertainty.

04:42 – The VIX index and uncertainty: Exploring the spike in market volatility leading up to elections and how markets calm after the results are known.

06:04 – The real influence on markets: The importance of election outcomes rather than which party or president is in power, and how historical market data reflects this.

09:03 – Timing the market vs. time in the market: Discussion on the dangers of trying to time the market based on political outcomes and the power of compounding over time.

12:26 – Business resilience vs. politics: How major companies like Apple and Nvidia are less impacted by politics and more by overall economic conditions.

14:23 – Compounding and volatility management: The critical role of compounding in investment growth and strategies to reduce volatility during uncertain periods.

18:14 – Final takeaways: Avoid letting political events drive investment decisions; focus on long-term goals and reduce volatility where possible.

Let’s schedule a call to meet each other and see if we can help you achieve a financial roadmap that helps you create a financial plan that focuses on what, and whom, means the most to you. Book a consultation call here.

In this episode, Trevor and Adrian sit down with Andrea Love, CEO of Legacy Private Trust, Canada's longest-standing family-owned private trust company. Andrea brings her extensive experience in estate planning and administration to discuss the complexities of being an executor and the vital role professional trustees play in helping families navigate the process. She highlights the misconceptions around estate administration, often glamorized in media, and emphasizes the reality that closing an estate typically takes about two years and involves managing 160 different tasks. Andrea also touches on the emotional and logistical burdens that executors face, especially during a time of grief, making the case for outsourcing these responsibilities to professionals.

Throughout the conversation, Andrea dives into the importance of planning ahead, including creating a will and naming executors while encouraging open communication with family members to avoid surprises after death. She explains how corporate trustees like Legacy Private Trust can help simplify the process, ensure proper administration, and reduce family conflict. From navigating the legal system and managing digital assets to dealing with beneficiaries' expectations, Andrea’s insights shed light on the often-overlooked challenges of estate planning and the peace of mind that comes from professional support.

Connect with our Hosts:

Adrian’sLinkedIn:

https://ca.linkedin.com/in/adrianblake1

Trevor’sLinkedIn:

https://ca.linkedin.com/in/millerwealthmanagement

Connect with our guest:

https://www.linkedin.com/in/andrealove42/?originalSubdomain=ca

Connect with Cherry Hill Private Wealth, a trade name of Harbourfront Wealth Management Inc.

https://www.cherryhillprivatewealth.ca/https://www.harbourfrontwealth.com

Timestamps:

00:00 – Introduction to Andrea Love, CEO of Legacy Private Trust, and a preview of the estate planning discussion.

00:17 – Andrea explains the misconceptions about estate administration, highlighting the two-year process and the 160 tasks involved.

01:16 – Introduction of Andrea's role at Legacy Private Trust and the value of professional trustees in reducing family burden.

05:01 – The pros and cons of naming a family member as executor versus hiring a corporate trustee.

06:22 – Challenges executors face, such as emotional burden, logistical issues, and dealing with tax filings.

10:39 – The importance of planning early and ensuring executors are well-prepared and supported.

17:17 – The complexities of managing digital assets and other personal details in estate administration.

22:47 – Common pitfalls in estate planning, including naming out-of-province executors or overlooking special needs trusts.

27:30 – Andrea discusses the increasing trend of beneficiaries seeking compensation for acting as executors.

33:06 – Conflict resolution between trustees and beneficiaries, and how proper communication can help.

44:46 – Closing thoughts on the importance of having a will and involving professionals early in the planning process.

Let’s schedule a call to meet each other and see if we can help you achieve a financial roadmap that helps you create a financial plan that focuses on what, and whom, means the most to you. Book a consultation call here.

We'd love to hear from you.

Tania Labonte is a licensed mortgage broker based in Burlington, Ontario, working with Designer Mortgages Inc. She has a wealth of experience in the industry, leveraging her background in accounting, which spans over 12 years, to offer clients comprehensive financial advice in mortgage lending, taxation, and general finance. As part of Verico Designer Mortgages, Tania works with a wide range of lenders, including major banks, credit unions, and private lenders, ensuring that she can match her clients with the best possible mortgage solutions tailored to their unique financial situations​.

Tania prides herself on her ability to assist both first-time home buyers and seasoned property investors. Her expertise spans across the A, B, and private lending sectors, offering clients flexibility and options that aren't typically available at traditional banks. She emphasizes the importance of understanding not just the rates but the features and flexibility of each mortgage product, helping clients navigate life changes and potential penalties if they need to break their mortgage early​.

Connect with our Hosts:

Adrian’sLinkedIn:https://ca.linkedin.com/in/adrianblake1Trevor’s LinkedIn:https://ca.linkedin.com/in/millerwealthmanagement

Connect with our guest:

https://www.mortgageweb.ca/Tania

Michelle’s LinkedIn:https://www.linkedin.com/in/michelle-broughton-stevens-b9753b61/?originalSubdomain=ca

Connect with Cherry Hill Private Wealth, a trade name of Harbourfront Wealth Management Inc.

https://www.cherryhillprivatewealth.ca/https://www.harbourfrontwealth.com

Timestamps:

00:00 - Introduction

00:35 - Impact of Declining Rates

02:06 - New Mortgage Rules Overview

03:34 - $1M to $1.5M Insured Mortgage Limit Increase

05:11 - Rising Home Prices Impact

07:07 - Self-Employed Buyers Entering the Market

09:11 - Renewing Mortgages and Refinancing Options

11:46 - Distressed Sellers and Market Opportunities

13:18 - Investor Activity with Rising Interest Rates

15:01 - Defaults and Mortgage Challenges

18:16 - Mortgage Penalties and Cost Analysis

21:02 - Rate Wars and Competition Among Lenders

24:14 - Importance of Flexibility in Mortgage Terms

26:08 - Bank Strategies and Rate Sharpening

30:11 - Timing Mortgage Moves and Rate Locking

33:07 - Predictions for Future Rate Cuts

36:24 - Current Opportunities in the Housing Market

39:13 - Closing Thoughts and Wrap-up

Let’s schedule a call to meet each other and see if we can help you achieve a financial roadmap that helps you create a financial plan that focuses on what, and whom, means the most to you. Book a consultation call here.

We'd love to hear from you.

In this episode of How Canada Works, we had the pleasure of speaking with Michelle, a registered dietitian from Ontario and assistant professor at the Northern Ontario School of Medicine. Michelle brought a wealth of knowledge on nutrition, with a focus on healthy aging, managing diabetes, and navigating the complex world of modern diets. We dove deep into topics like the use of Ozempic for weight loss, the potential downsides of fad diets, and the importance of keeping muscle mass as we get older. Michelle’s insights into how these trends can lead to problems like sarcopenia and nutrient deficiencies were eye-opening, and she provided practical tips on how to balance weight loss with long-term health.

One of the biggest takeaways from our conversation was the emphasis Michelle placed on the role of protein in maintaining health, particularly for older adults. She challenged a lot of misconceptions about diet trends and broke down how small changes, like getting enough protein at breakfast, can make a big impact. We also touched on how to eat well without breaking the bank, especially in today’s economy, and the importance of making every meal count. Michelle’s advice was practical and easy to apply, making this episode a must-listen for anyone looking to improve their health, especially as they get older.

Connect with our Hosts:

Adrian’s LinkedIn:

https://ca.linkedin.com/in/adrianblake1

Trevor’s LinkedIn:

https://ca.linkedin.com/in/millerwealthmanagement

Connect with our guest:

Michelle’s LinkedIn:

https://www.linkedin.com/in/michelle-broughton-stevens-b9753b61/?originalSubdomain=ca

Connect with Cherry Hill Private Wealth, a trade name of Harbourfront Wealth Management Inc.

https://www.cherryhillprivatewealth.ca/https://www.harbourfrontwealth.com

Timestamps:

00:00

02:00 – Michelle discusses her background as a registered dietitian and her work with clients, including her focus on healthy aging and muscle preservation.

05:25 – The conversation shifts to the role of protein in our diets, especially in maintaining muscle mass as we age.

10:09 – Michelle explains the importance of balancing weight loss with long-term health goals and highlights the dangers of focusing too much on BMI.

18:34 – Discussion on intermittent fasting and how it impacts muscle mass, hunger, and the body’s circadian rhythm.

28:00 – Michelle explains how weight loss strategies, including Ozempic, can impact quality of life, emphasizing the importance of meeting nutritional needs.

35:09 – Michelle shares how our nutritional needs change as we age and offers insights on making every meal count with nutrient-dense food.

37:00 – Discussion on the rising cost of food and how to eat healthily on a budget, including tips on using plant-based proteins.

Let’s schedule a call to meet each other and see if we can help you achieve a financial roadmap that helps you create a financial plan that focuses on what, and whom, means the most to you. Book a consultation call here.

We'd love to hear from you.

In this episode, we’re joined by Greg Taylor, Chief Investment Officer and Portfolio Manager at Purpose Investments. Greg shares his extensive knowledge on Bitcoin and cryptocurrencies, breaking down complex concepts into understandable insights. We dive into the fundamentals of Bitcoin, explore how Spot ETFs work and their benefits for investors, especially those nearing retirement, and discuss the importance of due diligence and regulatory oversight in the crypto space. Whether you’re considering adding Bitcoin to your retirement portfolio or simply want to understand the current landscape of cryptocurrencies, this episode provides essential information and guidance. Join us as we unravel the world of crypto with Greg's expert perspective.

Connect with our Hosts:

Adrian’s LinkedIn

Trevor’sLinkedIn

Connect with out guest:

https://www.linkedin.com/in/greg-taylor-79603b1b/?originalSubdomain=cahttps://www.purposeinvest.com/

Timestamps:

00:00:00 – Introduction to the Episode

00:01:20 – Introducing Greg: Cryptocurrency Expert

00:02:15 – Basic Explanation of Bitcoin

00:05:30 – Spot ETFs vs. Traditional ETFs

00:09:00 – Advantages of Spot ETFs for Investors Nearing Retirement

00:14:20 – Addressing Risks: Due Diligence and Regulatory Oversight

00:19:00 – How Spot ETFs Enhance Investment Safety

00:22:30 – Integrating Bitcoin into Retirement Planning

00:25:00 – Recommended Resources for Further Learning

00:26:15 – Closing Thoughts and Future Developments

00:27:24 – Discussion on the Current State of Bitcoin and Crypto

00:29:00 – Final Reflections on Cryptocurrency's Maturation

00:30:00 – Wrap-Up and ThanksWe'd love to hear from you.

Let’s schedule a call to meet each other and see if we can help you achieve a financial roadmap that helps you create a financial plan that focuses on what, and whom, means the most to you.

Book a consultation call here.

In this episode, we welcome Brian Gottheil, Director of Training and Transformation at Bernardi Human Resource Law LLP, who brings a wealth of knowledge on employment law and human resources. Brian delves into the nuances of wrongful dismissal and termination, offering practical advice on handling performance issues with fairness and consistency. He underscores the importance of not letting age-related biases affect how older employees are managed, advocating for equitable treatment and careful performance management across all age groups. As the workforce evolves and retirement timelines shift, Brian explores the challenges faced by older workers and the need for employers to update their practices accordingly. He discusses the significance of avoiding unconscious age discrimination in hiring processes and the value of leveraging the extensive experience that older employees bring to the table. This episode provides insightful strategies for creating an inclusive work environment and managing employees with respect and fairness, regardless of their age. Connect with our Hosts: Adrian’s LinkedIn: https://ca.linkedin.com/in/adrianblake1 Trevor’s LinkedIn: https://ca.linkedin.com/in/millerwealthmanagement Connect with out guest: Brian’s LinkedIn:

https://ca.linkedin.com/in/brian-gottheil-10b07649 Connect with Cherry Hill Private Wealth, a trade name of Harbourfront Wealth Management Inc. https://www.cherryhillprivatewealth.ca/ https://www.harbourfrontwealth.com Timestamps: 00:00 00:18 – Shift to the Brian’s introduction and background. 01:40 – Discussion on employment law and recent changes. 03:15 – Focus on wrongful dismissal and termination issues. 05:45 – Talk about employee rights and legal protections. 08:22 – Shift to discussing specific cases and examples. 11:10 – Transition to topics related to employer obligations and best practices. 14:30 – Introduction of the topic on performance management. 17:55 – Discussion on age-related issues in the workplace. 21:12 – Focus on managing older employees and biases. 24:38 – Conversation about retirement and the aging workforce. 28:05 – Shift to discussing technology adoption by older workers. 32:45 – Transition to hiring practices and age discrimination. 37:20 – Focus on unconscious bias in hiring decisions. 42:12 – Shift to wrapping up the conversation and final thoughts. We'd love to hear from you. Let’s schedule a call to meet each other and see if we can help you achieve a financial roadmap that helps you create a financial plan that focuses on what, and whom, means the most to you. Book a consultation call here.https://www.cherryhillprivatewealth.ca/contact

In this episode of How Canada Works, we sit down with Sam Pietras, an experienced insurance broker who brings a wealth of knowledge to the table. Sam delves into the nuances of insurance policies, clarifying why claims might be denied and highlighting the importance of understanding your policy's coverage and exclusions. With a background in navigating complex insurance landscapes, Sam provides practical advice on how to review your policy effectively, address common exclusions like faulty workmanship, and ensure you’re adequately protected against unexpected events.

As we conclude our conversation, Sam offers valuable tips for managing your insurance coverage, especially amidst the recent rise in natural disasters such as floods and wildfires. She underscores the importance of staying informed about your policy and being proactive in reviewing it periodically. Whether you're reassessing your current insurance or seeking to better understand your coverage, this episode of How Canada Works provides expert insights to help you make informed decisions and safeguard your assets.

Connect with our Hosts:

Adrian’s LinkedIn

Trevor’s LinkedIn

Connect with Cherry Hill Private Wealth, a trade name of Harbourfront Wealth Management Inc.

https://www.cherryhillprivatewealth.ca/

https://www.harbourfrontwealth.com

Timestamps:

00:0000:55 - Welcome Back!

02:35 - The Main Role of an Insurance Broker

07:50 - How Insurance Coverage Has Evolved Over Time

14:53 - The Process of Claiming Your Insurance Coverage

18:40 - Does Home Insurance Cover Big-Ticket Items?

22:15 - How Home Insurance Works for Natural Disasters

28:20 - Brokers vs. Adjusters: What’s the Difference?

32:15 - How to Ensure You Get Your Money Back While Reconstructing an Affected House

36:11 - Clearing the Bad Stigma on Life Insurance

40:30 - Why It’s Important to Know Your Insurance Policy

42:30 - How Often Should You Update Your Insurance Policy?

45:15 - Wrapping Up

49:55 - Final Thoughts

We'd love to hear from you.
Let’s schedule a call to meet each other and see if we can help you achieve a financial roadmap that helps you create a financial plan that focuses on what, and whom, means the most to you. Book a consultation call here.