During this episode, Financial Advisor and Associate Portfolio Manager Phil Briggs joins us to discuss the ‘cash wedge’ financial strategy. He also shares his motivation for joining PWL Capital after kicking off his career in the banking industry. Next, Mark McGrath unpacks the four D’s of tax planning and how to implement them in your future planning. We review a much-loved past episode featuring Dr. William Bernstein and unpack the principles taught in Seth Godin’s latest book, The Song of Significance. During the aftershow, you’ll hear about our recent explorations in the world of infinite banking, Admired Leadership, and more. In closing, we share some of our favourite reviews from guests all over the world and offer a glimpse of what’s to come in upcoming conversations. Thanks for listening! 

 

Key Points From This Episode:

 

(0:02:19) Phil’s introduction to financial services and his decision to join PWL.

(0:07:06)The role of the podcast in helping Philip to take the plunge and leave his role at the bank. 

(0:09:35) What the ‘cash wedge’ strategy is and how it supports financial planning for retirement. 

(0:22:41) Stress-testing financial plans using the Monte Carlo simulation. 

(0:25:10) Mark McGrath joins the show for this episode’s Mark-to-Market segment.

(0:29:54) Assessing which category RSPs fit into.

(0:32:02) Past episode review: episode 108 with Dr. William Bernstein. 

(0:34:22) Reviewing Seth Godin’s book, The Song of Significance. 

(0:29:11) Seth’s principles on the road to significance.

(0:39:53) The aftershow: infinite banking, Admired Leadership, and more.

(0:42:43) Reviews from Canada, Australia, San Francisco, and beyond.

(0:47:44) A teaser for two upcoming episodes.

 

Books From Today’s Episode:

The Song of Significance — https://www.amazon.com/Song-Significance-New-Manifesto-Teams/dp/0593715543

The Four Pillars of Investing — https://www.amazon.com/Four-Pillars-Investing-Second-Portfolio/dp/1264715919/

The Wealthy Barber — https://www.amazon.com/Wealthy-Barber-Updated-3rd-Commonsense/dp/0761513116

 

Links From Today’s Episode:

Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ 

Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/

Rational Reminder on X — https://twitter.com/RationalRemind

Rational Reminder on YouTube — https://www.youtube.com/channel/

Rational Reminder Email — [email protected]Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ 

Benjamin on X — https://twitter.com/benjaminwfelix

Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/

Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/

Cameron on X — https://twitter.com/CameronPassmore

Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/

Philip Briggs on LinkedIn — https://www.linkedin.com/in/phillip-briggs-cfp%C2%AE-cim%C2%AE-362436125/

Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/

‘Sustainable Withdrawal Rates from Retirement Portfolios’ — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1969021

Megan McCoy on LinkedIn — https://www.linkedin.com/in/megan-mccoy-phd/

Episode 108 — https://rationalreminder.ca/podcast/108

Episode 226 — https://rationalreminder.ca/podcast/226

Episode 217 — https://rationalreminder.ca/podcast/217