WealthBeing

The best time to plant an oak tree is twenty years ago; the second best time is today.” Our financial lives don’t end when we pass on, they transfer to those we leave behind. May is “Leave a Legacy” month, and Travis and Derrick have invited Ted Noakes, Life Insurance Advisor, Wealth Protection and Estate Planning Specialist to the show to talk about creating an estate plan for the financial legacy you imagine. 

1:12–Money Problem:A property inheritance that came with complications. 

2:00– Expert Examination:Derrick, Travis, and Tedreveal the various ways to create a legacy plan that brings peace to everyone involved. Listen for:  

• the most common Legacy wishes; 
• what factors should be included in your Estate and Legacy plan; 
• Estate planning misconceptions you want to avoid; 
• who gets what? Deciding how to distribute an inheritance; 
• how to choose the best executor and Power of Attorney; 
• why business owners need an estate plan; 
• the advantage of using life insurance to pass-along wealth; 
• including charitable causes in your Legacy plan; 
• the process of Estate planning. 

22:40–Weekly Financial Fix:Travisrecommends an important step to ensure your Legacy wishes are followed. 

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 best time to plant an oak tree is twenty years ago; the second best time is today.” Our financial lives don’t end when we pass on, they transfer to those we leave behind. May is “Leave a Legacy” month, and Travis and Derrick have invited Ted Noakes, Life Insurance Advisor, Wealth Protection and Estate Planning Specialist to the show to talk about creating an estate plan for the financial legacy you imagine. 

1:12–Money Problem:A property inheritance that came with complications. 

2:00– Expert Examination:Derrick, Travis, and Tedreveal the various ways to create a legacy plan that brings peace to everyone involved. Listen for:  

• the most common Legacy wishes; 
• what factors should be included in your Estate and Legacy plan; 
• Estate planning misconceptions you want to avoid; 
• who gets what? Deciding how to distribute an inheritance; 
• how to choose the best executor and Power of Attorney; 
• why business owners need an estate plan; 
• the advantage of using life insurance to pass-along wealth; 
• including charitable causes in your Legacy plan; 
• the process of Estate planning. 

22:40–Weekly Financial Fix:Travisrecommends an important step to ensure your Legacy wishes are followed. 

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. 

What financial lessons are your children learning from you? Kids notice how money is used around the household, andrely on adults to help them learn good financialbehaviours. This week we welcome back Lorena Milkert, Director of Retail and Business Banking at Island Savings, to talk with Derrick and Travis about the habits, tricks, and simple practical lessons that set kids up for a stress-free financial future. 

1:50–Money Problem:Travis’ clientswanted to help their daughter during a financial pinch, without giving her a handout. 

4:30– Expert Examination:Derrick, Travis, and Lorena cover financial literacy topics that are important for kids, teens and young adults – including the tricks they use in their households to be successful. Listen for:  

• why parents need to be conscious of their children’s financial literacy; 
• what lessons are appropriate for children as they grow up; 
• ways to help kids understand saving, credit, and spending; 
• how transparent to be with your own household finances; 
• common financial lessons that are often overlooked; 
• easing back from financially supporting an older child. 

20:30– Weekly Financial Fix:Travis has two suggestions to make talking about money a regular habit and helping children understand the role and impact of money. 

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. 

What financial lessons are your children learning from you? Kids notice how money is used around the household, andrely on adults to help them learn good financialbehaviours. This week we welcome back Lorena Milkert, Director of Retail and Business Banking at Island Savings, to talk with Derrick and Travis about the habits, tricks, and simple practical lessons that set kids up for a stress-free financial future. 

1:50–Money Problem:Travis’ clientswanted to help their daughter during a financial pinch, without giving her a handout. 

4:30– Expert Examination:Derrick, Travis, and Lorena cover financial literacy topics that are important for kids, teens and young adults – including the tricks they use in their households to be successful. Listen for:  

• why parents need to be conscious of their children’s financial literacy; 
• what lessons are appropriate for children as they grow up; 
• ways to help kids understand saving, credit, and spending; 
• how transparent to be with your own household finances; 
• common financial lessons that are often overlooked; 
• easing back from financially supporting an older child. 

20:30– Weekly Financial Fix:Travis has two suggestions to make talking about money a regular habit and helping children understand the role and impact of money. 

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 ways thatwe spend money make an impact on our world – and that includesour investment decisions. Are your savingssupporting companies who share your environmental, social, and governance (ESG) values? Ahead of Earth Day 2020, Derrick and Travis welcome a special guest, David Rutherford, from NEI (Northwest & Ethical Investments) to share his vast experience in Responsible Investing. Listen to their conversation to learn how your investments can be rewarding for both you and the well-being of people and our planet. 

1:50–Money Problem:Travis’ clients from the Gulf Islandswanted to invest in a way that matched their values, but they struggled to access Responsible Investments that fulfilled their goals. 

4:30– Expert Examination:Derrick, Travis, and David Rutherford (NEI)simplify the category of Responsible Investing and help you understand why and how they can make a difference in your life. Listen for:  

• understanding what comprises a “RI” (Responsible Investing), and “ESG” factors; 
• the drivers and growth behind Responsible Investing; 
• the various types of Responsible Investments you can choose from; 
• how companies are vetted and confirmed to be a “Responsible Investment”; 
• influencing companies through your investments; 
• performance promises: traditional versus responsible investing; 
• how to become a Responsible Investor. 

20:30– Weekly Financial Fix:take the first steps to become a Responsible Investor. 

The ways thatwe spend money make an impact on our world – and that includesour investment decisions. Are your savingssupporting companies who share your environmental, social, and governance (ESG) values? Ahead of Earth Day 2020, Derrick and Travis welcome a special guest, David Rutherford, from NEI (Northwest & Ethical Investments) to share his vast experience in Responsible Investing. Listen to their conversation to learn how your investments can be rewarding for both you and the well-being of people and our planet. 

1:50–Money Problem:Travis’ clients from the Gulf Islandswanted to invest in a way that matched their values, but they struggled to access Responsible Investments that fulfilled their goals. 

4:30– Expert Examination:Derrick, Travis, and David Rutherford (NEI)simplify the category of Responsible Investing and help you understand why and how they can make a difference in your life. Listen for:  

• understanding what comprises a “RI” (Responsible Investing), and “ESG” factors; 
• the drivers and growth behind Responsible Investing; 
• the various types of Responsible Investments you can choose from; 
• how companies are vetted and confirmed to be a “Responsible Investment”; 
• influencing companies through your investments; 
• performance promises: traditional versus responsible investing; 
• how to become a Responsible Investor. 

20:30– Weekly Financial Fix:take the first steps to become a Responsible Investor. 

Every day, we talk to people who are facing a new financial crunch due to the COVID-19 pandemic. The numbers just aren’t adding up like they usually do. This week, Travis and Derrick invite Annie Nolan, an expert in budgeting,onto the show to share the strategies that she recommends her members use to get through a financial crunch-time. 

2:20–Money Problem: Derrick’s client had some significant life changes and, despite her careful planning, she realized she was running short on savings. . 

5:30– Expert Examination: Annie Nolan, a Senior Financial Advisor at Island Savings who has specialties in lending, planning, investments and holisticadvice, joins Derrick and Travis to explain strategies that work to save money and avoid making a tax mistake. Listen for:  

• how to recognize when you’re in a financial crunch; 
• small changes you can make to refocus your budget; 
• what to do if you need significant financial help; 
• the help you can ask for from Island Savings; 
• communicating and supporting others who need financial help or who are making changes. 

20:30– Weekly Financial Fix:if you’re facing a financial crunch, Travis has some recommendations to help you find sources of income. 

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. 

Every day, we talk to people who are facing a new financial crunch due to the COVID-19 pandemic. The numbers just aren’t adding up like they usually do. This week, Travis and Derrick invite Annie Nolan, an expert in budgeting,onto the show to share the strategies that she recommends her members use to get through a financial crunch-time. 

2:20–Money Problem: Derrick’s client had some significant life changes and, despite her careful planning, she realized she was running short on savings. . 

5:30– Expert Examination: Annie Nolan, a Senior Financial Advisor at Island Savings who has specialties in lending, planning, investments and holisticadvice, joins Derrick and Travis to explain strategies that work to save money and avoid making a tax mistake. Listen for:  

• how to recognize when you’re in a financial crunch; 
• small changes you can make to refocus your budget; 
• what to do if you need significant financial help; 
• the help you can ask for from Island Savings; 
• communicating and supporting others who need financial help or who are making changes. 

20:30– Weekly Financial Fix:if you’re facing a financial crunch, Travis has some recommendations to help you find sources of income. 

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. 

Do you rush through your taxes, thinking it’s just a “simple return.” Think again.This week, Travis and Derrick have invited Doug Lawson, an expert in Canadian and US taxes, into the studio to discuss how government budgets, life changes, and common mistakes could be costing you money. 

0:50 –Money Problem:Travis’ clients held most of their assets and income under one spouse’s name. They were exposed to a high tax bracket and hadn’t considered the implications in their financial plan. 

1:50– Expert Examination: Doug Lawson, accountant from Hutcheson & Company joins Derrick and Travis to explain strategies that work to save money and avoid making a tax mistake. Listen for:  

• most common tax questions to ask and mistakes to avoid; 
• how changes in 2020 Federal and Provincial budgets affect individual taxes; 
• why you might want to talk to a CPA before filing; 
• defining a tax “dependent;” 
• how to use RRSPs to save money; 
• tax strategies for retirees and seniors to consider. 

22:00– Weekly Financial Fix:use Travis’ tip andfind out how to use RRSPs to lower your tax bracket. 

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. 

Do you rush through your taxes, thinking it’s just a “simple return.” Think again.This week, Travis and Derrick have invited Doug Lawson, an expert in Canadian and US taxes, into the studio to discuss how government budgets, life changes, and common mistakes could be costing you money. 

0:50 –Money Problem:Travis’ clients held most of their assets and income under one spouse’s name. They were exposed to a high tax bracket and hadn’t considered the implications in their financial plan. 

1:50– Expert Examination: Doug Lawson, accountant from Hutcheson & Company joins Derrick and Travis to explain strategies that work to save money and avoid making a tax mistake. Listen for:  

• most common tax questions to ask and mistakes to avoid; 
• how changes in 2020 Federal and Provincial budgets affect individual taxes; 
• why you might want to talk to a CPA before filing; 
• defining a tax “dependent;” 
• how to use RRSPs to save money; 
• tax strategies for retirees and seniors to consider. 

22:00– Weekly Financial Fix:use Travis’ tip andfind out how to use RRSPs to lower your tax bracket. 

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.