WealthBeing

The way we think about money has a lot to do with our success at building wealth. But making a good decision is difficult when the markets seem to turn on a dime. In part one of this conversation, Travis and Derrickinvite Yufei Man, Director of Asset Allocation and Investment Strategyat Northwest and Ethical Investments,to talk about the factors that affect your investment decisions. 

1:30 Money Problem:In 2008, a couple of Travis’ clients had just retired when the great recession happened. They were losing sleep and wondered if they should sell all their investments to stay secure. 

4:30 Expert Examination:Derrick, Travis and Yufei Mandive into how our mindset can help or hinder our investment efforts: 

• The type of mindsets that lead to investment failure or success. 
• Investment strategies you can use to take advantage of market blips. 
• Why emotional decision-makingleads you toward poor investment decisions. 
• Recognizing normal vs significant market fluctuations. 
• Our mindset on money in 2020. 

22:25–Weekly Financial Fix:Travis has a proactive challenge that will help you eliminate emotional decision-making when it comes to your investing choices. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

The way we think about money has a lot to do with our success at building wealth. But making a good decision is difficult when the markets seem to turn on a dime. In part one of this conversation, Travis and Derrickinvite Yufei Man, Director of Asset Allocation and Investment Strategyat Northwest and Ethical Investments,to talk about the factors that affect your investment decisions. 

1:30 Money Problem:In 2008, a couple of Travis’ clients had just retired when the great recession happened. They were losing sleep and wondered if they should sell all their investments to stay secure. 

4:30 Expert Examination:Derrick, Travis and Yufei Mandive into how our mindset can help or hinder our investment efforts: 

• The type of mindsets that lead to investment failure or success. 
• Investment strategies you can use to take advantage of market blips. 
• Why emotional decision-makingleads you toward poor investment decisions. 
• Recognizing normal vs significant market fluctuations. 
• Our mindset on money in 2020. 

22:25–Weekly Financial Fix:Travis has a proactive challenge that will help you eliminate emotional decision-making when it comes to your investing choices. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

You’ve saved your money,made a bucket list, and it’s finally time to retire.Are you prepared to flip the switch on your financial plan?This week, Travis and Derrickinvite Island SavingsWealth Planning Specialist, Jamal Al-Hashemi, to talk about how your financial plan and habits change to accommodate your retirement lifestyle. 

1:10Money Problem:When Travis’ clients entered retirement their sources of income changed dramatically, making budgeting a new challenge. 

4:00Expert Examination:Derrick, Travis and Jamal Al-Hashemi talk about how to make sure your money helps you thrive in retirement: 

• Do you need to drastically change your budget when you retire? 
• Two types of inflation to plan for. 
• New expenses to expect, old expenses to forget, and what to do about debt. 
• Managing multiple income sources – when and where to draw money while retired. 
• Tips to minimize taxes. 
• Shifting your investment strategy. 
• How your Financial Advisor can help you prepare for retirement. 

23:00–Weekly Financial Fix:One easy way to adjust your retirement budget is to start with spending. Travis has a challenge this week that can save you money for years. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

You’ve saved your money,made a bucket list, and it’s finally time to retire.Are you prepared to flip the switch on your financial plan?This week, Travis and Derrickinvite Island SavingsWealth Planning Specialist, Jamal Al-Hashemi, to talk about how your financial plan and habits change to accommodate your retirement lifestyle. 

1:10Money Problem:When Travis’ clients entered retirement their sources of income changed dramatically, making budgeting a new challenge. 

4:00Expert Examination:Derrick, Travis and Jamal Al-Hashemi talk about how to make sure your money helps you thrive in retirement: 

• Do you need to drastically change your budget when you retire? 
• Two types of inflation to plan for. 
• New expenses to expect, old expenses to forget, and what to do about debt. 
• Managing multiple income sources – when and where to draw money while retired. 
• Tips to minimize taxes. 
• Shifting your investment strategy. 
• How your Financial Advisor can help you prepare for retirement. 

23:00–Weekly Financial Fix:One easy way to adjust your retirement budget is to start with spending. Travis has a challenge this week that can save you money for years. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

One way to have a happy retirement is to make sure you never have to worry about having enough money.This week, Travis and Derricktalk to Robin Marshall, Director of Wealth Management at Island Savings, about how have a rich retirement lifestyle. 

1:00Money Problem:A couple needed help to know if their income and assets would be enough for them to live their dreams during their retirement. 

2:50Expert Examination:Derrick, Travis and Robin Marshall cover all the factors that will help you live a rich lifestyle when you retire: 

• What it means to retire rich. 
• Knowing how much money you need to retire rich. 
• Expecting your spending to change. 
• Strategies that lead to retirement wealth. 
• How aggressive you should be about saving for retirement. 
• The saving power of staying the course. 
• Making extra income a path to a rich retirement. 
• How a Financial Advisor can help expedite your rich retirement. 

23:00–Weekly Financial Fix:Travis has a simple task that is the first step to retiring rich. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

One way to have a happy retirement is to make sure you never have to worry about having enough money.This week, Travis and Derricktalk to Robin Marshall, Director of Wealth Management at Island Savings, about how have a rich retirement lifestyle. 

1:00Money Problem:A couple needed help to know if their income and assets would be enough for them to live their dreams during their retirement. 

2:50Expert Examination:Derrick, Travis and Robin Marshall cover all the factors that will help you live a rich lifestyle when you retire: 

• What it means to retire rich. 
• Knowing how much money you need to retire rich. 
• Expecting your spending to change. 
• Strategies that lead to retirement wealth. 
• How aggressive you should be about saving for retirement. 
• The saving power of staying the course. 
• Making extra income a path to a rich retirement. 
• How a Financial Advisor can help expedite your rich retirement. 

23:00–Weekly Financial Fix:Travis has a simple task that is the first step to retiring rich. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

Thinking about retirement fills most of us with glee – followed by a bit of uncertainty when it comes to affording our lifestyle. We think that CPP, OAS and company pensions will be there as income options, but just how much financial support can we expect from them? This week, Travis and Derrick invited Island Savings’ Director of Retail Banking, Lorena Milkert, to talk about relying on and making the most of your pension income. 

1:05 Money Problem:Travis was called to help a member who was left with a big pension decision after changing employers. 

3:00 Expert Examination:Travis, Derrick and Lorena simplify one of the most mysterious financial matters: 

• The purpose and longevity of the Canadian Pension Plan (CPP). 
• Canada’s pension “freebie:”Old Age Security. 
• Common types of company pensions, and how to make them part of your total investment plan. 
• Calculating how much money will your pensions provide. 
• How to decide the best time to draw your pensions. 
• What happens with your Government pensions if you are: self-employed; widowed;new to Canada. 
• Can you live on CPP and OAS alone? 

26:40–Weekly Financial Fix:If you’ve changed employers during your career, Travis has a simple task to make sure your pension savings are working as hard as you are to build retirement wealth. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

Thinking about retirement fills most of us with glee – followed by a bit of uncertainty when it comes to affording our lifestyle. We think that CPP, OAS and company pensions will be there as income options, but just how much financial support can we expect from them? This week, Travis and Derrick invited Island Savings’ Director of Retail Banking, Lorena Milkert, to talk about relying on and making the most of your pension income. 

1:05 Money Problem:Travis was called to help a member who was left with a big pension decision after changing employers. 

3:00 Expert Examination:Travis, Derrick and Lorena simplify one of the most mysterious financial matters: 

• The purpose and longevity of the Canadian Pension Plan (CPP). 
• Canada’s pension “freebie:”Old Age Security. 
• Common types of company pensions, and how to make them part of your total investment plan. 
• Calculating how much money will your pensions provide. 
• How to decide the best time to draw your pensions. 
• What happens with your Government pensions if you are: self-employed; widowed;new to Canada. 
• Can you live on CPP and OAS alone? 

26:40–Weekly Financial Fix:If you’ve changed employers during your career, Travis has a simple task to make sure your pension savings are working as hard as you are to build retirement wealth. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

Be they short- or long-term we all have some life goals in mind that hinge on our ability to find the money! Travis and Derrick talk to members every day about their dreams and how to afford them, so in this episode, they are examining seven of the most common financial life goals to let you know how to turn the dream into reality. 

1:15Money Problem: A member who was stuck with a negative credit historycame to Derrick for help with a financial life goal he couldn’t manage to achieve. 

2:30Expert Examination:Travis and Derrick share seven stories about how their members and clients achieved financial life goals: 

• Goal: a life of travel! 
• Goal: become a homeowner. 
• Goal: never worry about having enough money! 
• Goal: being savvy at managing money. 
• Goal: improve your credit rating. 
• Goal: using money to make a difference. 
• Goal: retiring young! 

22:25–Weekly Financial Fix:Travis has a simple task that will help you maintain focus and motivation to achieve a financial life goal. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

Be they short- or long-term we all have some life goals in mind that hinge on our ability to find the money! Travis and Derrick talk to members every day about their dreams and how to afford them, so in this episode, they are examining seven of the most common financial life goals to let you know how to turn the dream into reality. 

1:15Money Problem: A member who was stuck with a negative credit historycame to Derrick for help with a financial life goal he couldn’t manage to achieve. 

2:30Expert Examination:Travis and Derrick share seven stories about how their members and clients achieved financial life goals: 

• Goal: a life of travel! 
• Goal: become a homeowner. 
• Goal: never worry about having enough money! 
• Goal: being savvy at managing money. 
• Goal: improve your credit rating. 
• Goal: using money to make a difference. 
• Goal: retiring young! 

22:25–Weekly Financial Fix:Travis has a simple task that will help you maintain focus and motivation to achieve a financial life goal. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode.