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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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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.

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

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.