Tag Archives: Investments

The 8 Popular Myths of Retirement (Ep. 61)

January 11, 2023Finance, Financial, Investing, The Ride Podcast, The Ride: Life Work and WealthCanada, Financial Goals, financial planning, Investments, Kris Dureau, Podcast, Retirement, Retirement Myths, Retirement Planning, Wealththeridelifeworkandwealth

There is no doubt that planning for retirement can seem like a complex process, and even thinking about it can be stressful.

Nowadays media, politicians, financial services, businesses – everyone has been talking about retirement. With so much information, it is easy to get overwhelmed. In this episode, Kris Dureau debunks eight popular myths about retirement that might be stressful to pre-retirees as they plan for their retirement.

Kris discusses:

Where and how retirement myths originate, as well as how they affect retirees
The importance of starting retirement planning at an early age.
The reasons why many people procrastinate about saving for retirement
Why retirement isn’t about having a specific amount, but about having an income that suits your lifestyle
Why you should continue to contribute to your CPP pension and old-age security
The difficulty retirees face in spending their money
And more!

Resources:

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Big News: Merging With Green Private Wealth (Ep. 58)

November 23, 2022Finance, Financial, Investing, The Ride Podcast, The Ride: Life Work and WealthBusiness Opportunities, financial planner, Green Private Wealth, Harbourfront Wealth Management, Investments, Kris Dureau, Management Style, Merger, Portfolio Managementtheridelifeworkandwealth

Big positive changes are underway for our firm. Over the past 18 months behind the scenes, we have been working on a merger with Green Private Wealth – an award-winning firm. This merger allows us to offer our clients a more in-depth, wide array of services that can benefit them at any stage of their life.

In this episode, Kris Dureau shares this exciting shift and how the new merger with Green Private Wealth is benefitting their business in a number of different ways. With the new expansion of their team, they are able to offer new opportunities and work with more advanced business models and strategies that will ultimately benefit you and your portfolio.

Kris discusses:

The benefits clients will receive just from being a larger firm
Their focus on adapting to the rapidly changing wealth management landscape
Their new pension-style portfolio management approach and how it can help clients avoid the volatility associated with traditional portfolios
The shared company values and practices that led to the smooth merger between Three Hats Financial and Green Private Wealth
And more

Resources:

The Investments Your Portfolio Might be Missing (Ep. 41)

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The Route to Retirement During a Recession (Ep. 57)

November 9, 2022Finance, Financial, Investing, The Ride Podcast, The Ride: Life Work and WealthCashFlow, Economy, Financial Strategy, Full Retirement, Inflation, Investments, Kris Dureau, Market, Part-Time, Phased Retirement, Recession, Retirement, Retirement Planning, RRSP, Tax Planning, Three Hats Financialtheridelifeworkandwealth

Are you nearing retirement and wondering if right now is the time to step into it? During these uncertain times, having a thorough plan that incorporates market drops and recession is very crucial for your peace of mind.

However, if you have not had one of these plans done before retirement, there are still other things you can do to prepare yourself during tough times in the market. In this episode, Kris Dureau offers some tips that may ease the sting of leaving the everyday workforce.

Kris discusses:

The three choices for transitioning from a full-time job into retirement
Key tips on retiring during a recession
What to consider when deciding to work part-time during retirement
When is a good time to take the leap into retirement
And more

Resources:

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Investing While Owning a Small Business with Gary Armstrong, CPA, CGA (Ep. 54)

September 28, 2022Finance, Financial, Investing, The Ride Podcast, The Ride: Life Work and WealthDividends, Investments, Kris Dureau, Portfolio, Small Business, Taxes, The Ride, Three Hats Financialtheridelifeworkandwealth

You want to invest your money and we want to help you do so, but you have a small business. So, what are your options now? Do you invest through your personal assets or your corporation?

In this episode, Kris sits down with Gary Armstrong from Green Private Wealth to discuss what both of these routes can offer you. They talk about things to consider before making this decision such as taxes, returns on investments, and how much cash you should have as liquid assets within your company and in your personal portfolio.

Gary and Kris discuss:

How to identify investment risks as a young entrepreneur
What redundant assets entail and how you can use them for investments
The tax implications of each investment route
And more

Connect With Gary Armstrong

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About Gary Armstrong:

Gary Armstrong is a chartered professional accountant and certified general accountant (CPA, CGA) with a specialization in taxation through the In-Depth Tax Course offered by CPA Canada. Before joining Green Private Wealth Counsel, Gary worked for almost ten years at a local accounting firm that focused on personal and corporate tax services for individuals and businesses of all sizes. Before that, Gary worked in 2 different large international accounting firms providing general accounting and US personal tax services.

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15 Quick Tips to Secure Your Finances Now and in the Future (Ep. 47)

June 2, 2022Finance, Financial, Investing, The Ride: Life Work and WealthDebt Management, Estate Planning, financial planning, Financial Tips, Investments, Kris Dureau, Personal Finance, Taxes, The Ride: Life, Three Hats Financial, Work and Wealththeridelifeworkandwealth

Financial planning is not just about securing your tomorrow. It’s also about living a better today.

In this rapid-fire style episode, Kris Dureau walks you through 15 quick-hit tips to help you get a better handle on your finances, both now and in the future. Investments, tax planning, wealth transfer, debt management —Kris covers it all!

Kris discusses:

Accounts you should regularly contribute money towards
Steps you can take to weather market volatility
How to keep your finances organized (for you, your family, and your advisor)
Often-overlooked financial planning areas
And more!

Resources:

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Start Getting Your Time Back with Family Offices Services with Paul Marion, CLU, CHS (Ep. 42)

March 23, 2022Finance, Financial, Investing, The Ride: Life Work and WealthControl, Family Office, Finances, Flexibility, Investments, Kris Dureau, Planning, Purpose, Three Hats Financial, Timetheridelifeworkandwealth

Do you want to start saving time so you can focus more on the things that matter the most to you?

In this episode, the executive managing director of tax and wealth at Harbourfront Wealth Management, Paul Marion, joins Kris Dureau to unveil everything you need to know about family offices and how they differ from traditional wealth management firms. Paul explains how family offices offer clients the control and flexibility they need when having a team managing their finances and investments.

Paul discusses:

The purpose of family offices and the reasons they have increased over the past years
Reasons why a family office may be a right fit for you
How to get started with your family office
The practical side of family offices
And more!

Connect with Paul Marion:

LinkedIn: Paul Marion

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About Our Guest:

Paul Marion is a demonstrated leader with over thirty years of senior management experience. Having dedicated the past two decades to championing growth and innovation within the Canadian financial industry, Paul has held several leadership roles and now serves as the executive managing director of tax & wealth planning at Harbourfront Wealth Management.

Third-party services and advice are received on a best effort basis, when every attempt is made to receive the best services and advice there is no guarantee that they will generate the best results in all circumstances. Clients are free to seek independent services and advice. Harbourfront Wealth Management Inc. will not be responsible for any damages that may occur from these third-party service providers. Clients may have to deal with separate regulatory bodies in case there is a dispute. There may or may not be a referral fee received, please ask your advisor for more information.

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29. Top 10 Frequently Asked Financial Questions

June 30, 2021Finance, Financial, Investing, The Ride: Life Work and WealthAccounts, Beneficiaries, Bonds, Fees, Insurance, Interest Rates, Investments, Kris Dureau, Mortgage, Questions, Retirement, Three Hats Financialtheridelifeworkandwealth

If you have a personal finance question on your mind, chances are, you’re not alone.

In this episode, discover the 10 most frequently asked finance questions financial advisors like Kris Dureau receive from clients.

From questions about the financial markets to queries about retirement, investing, and insurance, Kris breaks down these questions and shares his valuable insight and easy-to-follow answers for each.

Kris discusses:

The difference between RRSP and TFSA accounts
Must-know considerations around investment fee deductions
Why you shouldn’t name underage children as secondary beneficiaries
Why bond prices and interest rates tend to go in opposite directions
How to determine the right time to retire
And more!

Resources:

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Episode 23 – Spring Clean Your Finances With These 6 Steps

March 17, 2021Finance, Financial, Investing, The Ride Podcast, The Ride: Life Work and WealthCredit Score, finance, Finances, financial planner, financial planning, first responder, Insurance, Investments, Kris Dureau, Life, life tranistion, Review, The Ride, The Ride: Life, Three Hats Financial, Tips, Warm Weather, Wealth, Will, work, Work and Wealth Podcasttheridelifeworkandwealth

With spring upon us, now is the perfect time to do some financial closet-cleaning.

Are you ready to get started?

Join Kris Dureau in this episode as he guides you through your financial spring cleaning with six simple steps that will help you get your finances organized and ready for the coming seasons.

In this episode, you will learn:

The benefits of a financial filing system
Why you should always review your investments and rebalance your portfolio
Which insurance policies you should be checking on
How to verify your credit score
And more!

Listen in and start sprucing up your financial picture today!

Resources: Resources: Cashflow Spreadsheet | Equifax | TransUnion

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