Women's Wealth Canada

Welcome to the Women's Wealth Canada Podcast, hosted by Glory Gray. 

In this insightful episode, we delve into the inspiring story of Pam, a determined woman who turned her late start in retirement saving into a success story. If you’re feeling behind in your retirement planning, this episode is for you.

Episode Highlights:

• Meet Pam, a former sales and marketing professional who faced financial uncertainties after a divorce.
• Discover the strategic steps Pam took to regain control over her finances with the help of Glory Gray.
• Learn about the importance of automated budgeting and how it can simplify your financial life.
• Understand the benefits of delaying CPP payments and how it can significantly increase your retirement income.
• Explore how Pam created a mindful spending plan that aligned with her goals and values.
• Hear how Pam transitioned from renting to owning her own home, adding security and peace of mind to her financial future.
• Find out how Pam's financial planning allowed her to retire early and embark on a new life adventure with a loving partner.

Resources Mentioned:

• Monarch Money: https://www.monarchmoney.com/

If you enjoyed this episode, please subscribe to our podcast, leave us a positive review, and share it with others who might benefit. Let's empower more women to achieve financial independence and live their best lives.

Hosted by Glory Gray

Take Action:
Get smarter about money! Read the 📖 Women's Wealth Canada Blog

Watch the webinar: 📽 The Real Questions to Ask Before You Retire

Download our free guide:
🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor

Contact us for a 👉 Free Wealth Consultation

Join our community! Fill out our 🍏 Client Application Form

More ways to contact us:
Website: GloryGray.com
Facebook: @GloryGrayWealthSolutions
LinkedIn: Glory Gray
Instagram: Glory Gray

Music: Positive Determination by Purple Planet Music

This podcast is for informational purposes only and should not be construed as investment, tax or legal advice.

All content © 2024 Glory Gray.

In this insightful episode of the Women's Wealth Canada Podcast, host Glory Gray sits down with Sandy Pollack, an esteemed estate planner and family business advisor, to discuss the vital importance of leaving a legacy that benefits future generations rather than creating a burden. Sandy, author of "Don't Leave a Mess: How to Disaster Proof Your Family Legacy," shares her expertise on navigating the complexities of managing family wealth and preparing for one of the largest generational wealth transfers in history.

Listeners will gain valuable insights into the distinctions between building and managing wealth, and the necessity of fostering clear family conversations to intentionally create generational wealth. Sandy delves into her experiences with multi-generational family-owned businesses, highlighting the significance of understanding family dynamics and the often-overlooked role of women as the "chief emotional officers" in these enterprises.

Throughout the episode, Glory and Sandy explore various topics including the importance of involving spouses in financial planning, the intricacies of succession planning, and the challenges of preparing the next generation to handle family wealth responsibly. Sandy's practical advice and thoughtful anecdotes provide a comprehensive guide for business owners seeking to ensure their legacy is a source of strength and unity for their families.

Join Glory and Sandy for an engaging conversation that emphasizes the critical steps needed to leave a legacy that is well-organized, intentional, and reflective of your family's values.

Guest Bio
Sandy Pollack, CFP, CLU, TEP, FEA, MFA-P is the founder of Trimaran Advisory Group Ltd., a financial advisory firm that goes beyond traditional business and estate planning. Sandy and her team recognize the unique family dynamics, as well as personal and economic complexities, that entrepreneurs and self-employed professionals face.

Hosted by Glory Gray

Take Action:
Get smarter about money! Read the 📖 Women's Wealth Canada Blog

Watch the webinar: 📽 The Real Questions to Ask Before You Retire

Download our free guide:
🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor

Contact us for a 👉 Free Wealth Consultation

Join our community! Fill out our 🍏 Client Application Form

More ways to contact us:
Website: GloryGray.com
Facebook: @GloryGrayWealthSolutions
LinkedIn: Glory Gray
Instagram: Glory Gray

Music: Positive Determination by Purple Planet Music

This podcast is for informational purposes only and should not be construed as investment, tax or legal advice.

All content © 2024 Glory Gray.

Welcome to the Women's Wealth Canada podcast with your host Gloria Gray. In this episode, we explore the financial impact of gender equality with Antonia Medeiros, a London-born journalist who has traveled the world, ultimately landing in Montreal where she built her career and family. A published author and leadership coach, Antonia is passionate about storytelling and gender equality, and she's here to share her insights on creating a more inclusive workplace and society.

Episode Highlights:

• Gender Equality in the Workplace: Antonia emphasizes that achieving gender equality isn't solely a women's issue; it's a societal challenge. She discusses the importance of leadership in driving change and creating a more inclusive work environment.
• The Financial Benefits of Gender Equality: Companies that work towards gender equality often experience greater economic success, healthier work environments, and better productivity. Antonia gives examples of how these benefits manifest in different industries and why they are crucial for sustainable business growth.
• Gender Equality in the Home: Antonia talks about the significance of sharing responsibilities within households and how these dynamics influence workplace culture. She shares personal anecdotes about raising children and the biases that persist in traditional gender roles.

We also talk about Shifting Cultures for Gender Equality, Women and Financial Independence, and explore some upcoming initiatives Antonia is working on.

Links and Resources:

• Antonia Medeiros' Book: Check out her French family saga, Les Crèvecœur, available on Amazon.
• Kenya Trip with Lalmba Canada: Learn more about Antonia's upcoming journey and support the cause by visiting Lalmba Canada.
• Women's Wealth Canada Podcast: Don't forget to subscribe for more insightful conversations about women's financial independence, leadership, and empowerment.

Thanks for listening, and we look forward to sharing more empowering stories with you. Don't forget to subscribe and leave a review!

Hosted by Glory Gray

Take Action:
Get smarter about money! Read the 📖 Women's Wealth Canada Blog

Watch the webinar: 📽 The Real Questions to Ask Before You Retire

Download our free guide:
🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor

Contact us for a 👉 Free Wealth Consultation

Join our community! Fill out our 🍏 Client Application Form

More ways to contact us:
Website: GloryGray.com
Facebook: @GloryGrayWealthSolutions
LinkedIn: Glory Gray
Instagram: Glory Gray

Music: Positive Determination by Purple Planet Music

This podcast is for informational purposes only and should not be construed as investment, tax or legal advice.

All content © 2024 Glory Gray.

Too many Canadians don’t have a financial plan. That’s what a recent FP Canada report found. 

Only 25 per cent of Canadians are working with a financial advisor and 30 per cent of those surveyed say they don't have a financial plan at all. 

Interestingly, younger people are more likely to say they don't have a financial plan but wish they did.

What caught my eye about this survey is that Canadians don’t even agree on what a financial plan is. Some think it is an investment plan, that is, a plan for what types of investments you’ll put money into. Other people think a financial plan is a written plan that shows where you are today when it comes to your financial circumstances,  where you plan to be tomorrow and how you’ll get there. That definition is closer to the truth. 

A financial plan looks at the big picture. It helps you set short-term and long-term financial goals and identify steps to achieving them.  In this episode, we look at:
Financial Planning
What Your Plan Should Include
How a Plan Can Help You
Why You Might Not Already Have a Plan
And most importantly ... how to get one!

Hosted by Glory Gray

Take Action:
Get smarter about money! Read the 📖 Women's Wealth Canada Blog

Watch the webinar: 📽 The Real Questions to Ask Before You Retire

Download our free guide:
🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor

Contact us for a 👉 Free Wealth Consultation

Join our community! Fill out our 🍏 Client Application Form

More ways to contact us:
Website: GloryGray.com
Facebook: @GloryGrayWealthSolutions
LinkedIn: Glory Gray
Instagram: Glory Gray

Music: Positive Determination by Purple Planet Music

This podcast is for informational purposes only and should not be construed as investment, tax or legal advice.

All content © 2024 Glory Gray.

Each year, I like to begin by talking about goals. And specifically about you and your financial goals.  Have you set them?  Are you making progress?  Do you have a plan?

Let's talk about 5 ways to recharge your financial goals this year.

What financial goals did you set for yourself last year? Which ones did you achieve and which are you still working on? Which ones do you need to work on first?

What goals no longer serve you? Life changes every year. Our goals do too. Let it go if it’s not going to make your life better.

In this episode, we will dive deep into the five essential ways to revive your financial goals.

1. Sort Your Goals: Evaluate, eliminate, and prioritize your financial goals for the year. 
2. Money Matters: Understand where your money is coming from to fund your 2024 goals. Consider additional income sources and optimize withdrawals for retirees.
3. Emergency Fund TLC: Tend to your emergency fund—essential for reducing stress and providing a financial cushion during unforeseen circumstances.
4. Debt Demolition: Choose between snowball and avalanche methods to pay down debt faster. Pick what suits you, but remember never to accumulate credit card debt.
5. Portfolio Rebalance: Annually reassess and diversify your investment portfolio for stable growth. 

Hosted by Glory Gray

Take Action:
Get smarter about money! Read the 📖 Women's Wealth Canada Blog

Watch the webinar: 📽 The Real Questions to Ask Before You Retire

Download our free guide:
🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor

Contact us for a 👉 Free Wealth Consultation

Join our community! Fill out our 🍏 Client Application Form

More ways to contact us:
Website: GloryGray.com
Facebook: @GloryGrayWealthSolutions
LinkedIn: Glory Gray
Instagram: Glory Gray

Music: Positive Determination by Purple Planet Music

This podcast is for informational purposes only and should not be construed as investment, tax or legal advice.

All content © 2024 Glory Gray.

Welcome to the Women's Wealth Canada podcast, where we discuss everything related to government retirement benefits in Canada. In this episode, Glory Gray discusses everything you need to know about the Canadian Pension Plan or CPP, Old Age Security or OAS, and the Guaranteed Income Supplement or GIS.

In this episode, she will give an overview of both CPP and OAS, including how they are funded, what the maximum benefit amount is, and some of the advantages and disadvantages of starting CPP early or delaying it until 70 for an 8.4% guaranteed return. She'll also cover when OAS can be taken and the additional benefits of delaying it after 65.

She includes a brief overview of CPP and OAS.

The Canadian Pension Plan is a mandatory benefit for all working Canadians aged 18 or older. You contribute to this plan throughout your working years, and when you retire, you receive monthly payments based on your contributions. The amount you receive depends on factors such as the number of years you contributed, your average earnings, and your age when you start receiving payments.

On the other hand, Old Age Security is a benefit that is available to all Canadians aged 65 or older, regardless of whether they worked or not. Unlike CPP, you do not need to contribute to OAS, but the amount you receive is based on the number of years you lived in Canada after the age of 18.

She dives into some of the advantages and disadvantages of starting CPP early or delaying it until 70. Delaying CPP can result in a higher benefit amount, but it may not always be the best option for everyone. We'll explore different scenarios and help you determine what might be best for you.  She will also discuss the basics of when OAS can be taken and the additional benefits of delaying it after 65. Delaying OAS can result in a higher benefit amount as well, and we'll explore whether this is a good strategy for you.

And what about a Guaranteed Income Supplement or GIS and how it provides additional support for lower-income retirees. She dives into the eligibility requirements and how to apply for this benefit.

So, if you're ready to learn everything you need to know about CPP, OAS, and GIS, be sure to tune in. Don't forget to download, subscribe, and share with your friends and family who may also benefit from this information.

PS - We are taking a break after this episode.  See you in 2024!

Hosted by Glory Gray

Take Action:
Get smarter about money! Read the 📖 Women's Wealth Canada Blog

Watch the webinar: 📽 The Real Questions to Ask Before You Retire

Download our free guide:
🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor

Contact us for a 👉 Free Wealth Consultation

Join our community! Fill out our 🍏 Client Application Form

More ways to contact us:
Website: GloryGray.com
Facebook: @GloryGrayWealthSolutions
LinkedIn: Glory Gray
Instagram: Glory Gray

Music: Positive Determination by Purple Planet Music

This podcast is for informational purposes only and should not be construed as investment, tax or legal advice.

All content © 2024 Glory Gray.

This week on the Women's Wealth Canada Podcast, we are talking about How to Plan for Changes in your Health and Lifestyle in Retirement. 

As you make plans for retirement, it's important to remember that your health and lifestyle needs may change over time. 

One of the first things you'll need to do is to prepare a financial plan when meeting with a financial planner. This will give you an idea of your cash flow requirements over the years for the rest of your life. You'll need to know how much money is coming in and going out each year and whether you have enough saved to make it all work.

Research shows that expenses in our 60s are typically higher than they are in our 80s and beyond. During our 60s and 70s, we may be traveling more, visiting our grandchildren, and ticking things off our bucket list. Travel health insurance premiums typically increase with age, making traveling harder in our 80s and beyond.

As we reach our 80s, out-of-pocket healthcare costs tend to increase, which is why many people prefer to stay at home more often. In-home care is available, and it's necessary to start gathering information about available services near you. Assisted living facilities can also be similar to being on a cruise, and they provide a great deal of activities and a strong social element.

It's essential to maintain your physical, emotional, and spiritual health in retirement, along with your financial freedom. Finding an activity that you enjoy, preferably with a social element, is essential for good health as we age. Purpose is also a deep driver of well-being, and knowing what you value is the best place to start. An exercise to try is to answer the following three questions for a week: 
what you need more of in your life:
what are 10 things you're grateful for today, and 
what are five words that describe you best and why. 

After a week, you'll be able to see some patterns and start focusing on doing things that are important to you to have a happy retirement.

Remember, as you adapt your home to fit your needs and preferences, you'll be able to stay in it for longer. The longer you can adapt your home, the more comfortable you'll be in it. Planning for changes in your health and lifestyle may seem complicated, but with the right tools and preparations, you can be comfortable in your retirement years.

Join us inside the podcast to learn more.

Hosted by Glory Gray

Take Action:
Get smarter about money! Read the 📖 Women's Wealth Canada Blog

Watch the webinar: 📽 The Real Questions to Ask Before You Retire

Download our free guide:
🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor

Contact us for a 👉 Free Wealth Consultation

Join our community! Fill out our 🍏 Client Application Form

More ways to contact us:
Website: GloryGray.com
Facebook: @GloryGrayWealthSolutions
LinkedIn: Glory Gray
Instagram: Glory Gray

Music: Positive Determination by Purple Planet Music

This podcast is for informational purposes only and should not be construed as investment, tax or legal advice.

All content © 2024 Glory Gray.

In this episode of the Women's Wealth Canada Podcast, we sit down with Jennifer Leach Sandford, a lawyer specializing in wills and estates. Jennifer shares valuable insight into the importance of having a will in place and when is the best time to prepare one, especially if you have a health diagnosis that may lead to progressive illness.

We also delve into the differences between a will, power of attorney, and healthcare directives. While a will provides instructions for the distribution of your assets after you die, power of attorney and healthcare directives come into play when you lose capacity. Your healthcare representative and personal care representative make decisions on your behalf, such as whether you're going into long-term care, while the power of attorney controls the administration of your assets.

Jennifer also shares some fascinating stories of cases where wills were challenged, and why it's essential to work with a lawyer who ensures the individual giving the instructions has the necessary capacity.

Don't miss this informative episode where you'll learn everything you need to know about estate planning. So, sit back, relax, and listen to the end to discover how you can protect your future and your loved ones. 💡💼💰

Our Guest
Jennifer Leach Sandford, Horne Coupar LLP
Jennifer is a lawyer practicing in the areas of wills, estates, trusts, tax planning, and taxpayer representation.  She joined Horne Coupar LLP in 2021 prior to which she worked as an income tax and trusts lawyer in Montreal and Toronto for over fifteen years.

Hosted by Glory Gray

Take Action:
Get smarter about money! Read the 📖 Women's Wealth Canada Blog

Watch the webinar: 📽 The Real Questions to Ask Before You Retire

Download our free guide:
🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor

Contact us for a 👉 Free Wealth Consultation

Join our community! Fill out our 🍏 Client Application Form

More ways to contact us:
Website: GloryGray.com
Facebook: @GloryGrayWealthSolutions
LinkedIn: Glory Gray
Instagram: Glory Gray

Music: Positive Determination by Purple Planet Music

This podcast is for informational purposes only and should not be construed as investment, tax or legal advice.

All content © 2024 Glory Gray.

Welcome to "Simple Estate Planning for Everyone," where we break down the complexities of estate planning so that everyone can understand and take control of their future.

Our guest Jennifer explains that a will is a document expressing an individual's wishes about what happens to their assets after their death, and it can be changed as long as the person has the capacity to make rational decisions. We also dive into planning techniques that can be used to ensure that one's wishes and instructions are met.

Did you know that if someone dies without a will, their assets are distributed based on provincial laws, which may not include relatives outside of certain degrees of separation? We discuss why it's important to have a will in place and how online will kits and paper wills may not always be the best option for more complicated estates.

Finally, we talk about when it may be necessary to review your will such as when life circumstances change like marriage or divorce, receiving an inheritance, or moving provinces. Tune in for all this and more!

Our Guest
Jennifer Leach Sandford, Horne Coupar LLP
Jennifer is a lawyer practicing in the areas of wills, estates, trusts, tax planning, and taxpayer representation.  She joined Horne Coupar LLP in 2021 prior to which she worked as an income tax and trusts lawyer in Montreal and Toronto for over fifteen years.  

Hosted by Glory Gray

Take Action:
Get smarter about money! Read the 📖 Women's Wealth Canada Blog

Watch the webinar: 📽 The Real Questions to Ask Before You Retire

Download our free guide:
🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor

Contact us for a 👉 Free Wealth Consultation

Join our community! Fill out our 🍏 Client Application Form

More ways to contact us:
Website: GloryGray.com
Facebook: @GloryGrayWealthSolutions
LinkedIn: Glory Gray
Instagram: Glory Gray

Music: Positive Determination by Purple Planet Music

This podcast is for informational purposes only and should not be construed as investment, tax or legal advice.

All content © 2024 Glory Gray.

Just this week the news broke about investment powerhouse JP Morgan falling prey to a scam as it invested millions of dollars in a scam business called Frank, a college financial planning platform.

It seems appropriate that we are looking at ways that you can protect yourself from investment scams.  We will look at Ponzi schemes including the Madoff Plan (did you know actor Kevin Bacon got caught in that one) as well as several lesser known schemes and share some practical and tactical tips on staying aware and protecting your finances.

(BTW - it's the 20th anniversary of Internet Security Day today - a good day to be thinking about ways to stay safe online)

See you inside!

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Season Three, Episode Two -  Four Ways to Protect Yourself From Investment Scams
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Hosted by Glory Gray

Take Action:
Get smarter about money! Read the 📖 Women's Wealth Canada Blog

Watch the webinar: 📽 The Real Questions to Ask Before You Retire

Download our free guide:
🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor

Contact us for a 👉 Free Wealth Consultation

Join our community! Fill out our 🍏 Client Application Form

More ways to contact us:
Website: GloryGray.com
Facebook: @GloryGrayWealthSolutions
LinkedIn: Glory Gray
Instagram: Glory Gray

Music: Positive Determination by Purple Planet Music

This podcast is for informational purposes only and should not be construed as investment, tax or legal advice.

All content © 2024 Glory Gray.