Tag Archives: Retirement

34. Parents As Roommates? 5 Things To Consider Before They Move In With You



Are you thinking about inviting your aging parents to move in, but you’re not sure if it’s the right decision?

In this episode, Kris Dureau shares five things to consider before your parents become your roommates. He points out factors that, all too often, adult children aren’t aware of before making this big decision. The best part is that this advice applies to a variety of health situations and family types.

Kris discusses:

  • The first thing to consider before inviting your parents to move in
  • Why and how to incorporate health and money into the planning process 
  • Pros and cons of having parents live with you (and other options)
  • The benefits of having a family meeting before making this decision
  • And more!

Resources:

Connect with Kris Dureau:


32. When Should You Take Your CPP Payment? With Gary Armstrong, CPA, CGA



“When should I start taking my Canadian Pension Plan (CPP) payment?”

This is one of the most common questions Kris Dureau’s clients ask him as they start navigating the path of retirement income withdrawal.

This week, Kris tackles this question to provide you with some clarity. 

He sits down with chartered professional accountant Gary Armstrong of Green Private Wealth Counsel – Harbourfront Wealth Management to explore the world of CPP and to give listeners a better understanding of how and when to approach their CPP payments.

Gary discusses:

  • The right time to approach CPP-related cash
  • CPP tax consequences
  • Which age demographics should consider taking their CPP 
  • Mistakes people make when withdrawing their CPP early
  • And more!

Connect with Gary Armstrong:

Connect with Kris Dureau

About our Guest:

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.


29. Top 10 Frequently Asked Financial Questions



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:

Connect with Kris Dureau


27. Manulife One: More Than Just a Conventional Mortgage With Wade Arseneault



Imagine being able to combine your mortgage, bank accounts, short-term savings, debt, and income all into one banking product.

This is exactly what Manulife One allows you to do. 

In this episode, Manulife Financial’s mortgage specialist, Wade Arseneault, joins Kris Dureau to explain just how Manulife One does this, and how they set themselves apart from conventional mortgage alternatives by providing an all-in-one product.

Wade discusses:

  • Manulife One as flexible, debt-free, and one-umbrella product 
  • Who can benefit from this mortgage solution 
  • A client success story
  • Interest rates differences between a fixed and a Manulife One mortgage 
  • How Manulife’s mortgage changes as you and your lifestyle changes
  • And more

Resources:

Connect with Wade Arseneault:

Connect With Kris Dureau

About Our Guest:

Wade Arseneault is a mortgage specialist at Manulife Bank & Trust, specializing in the Manulife One product and mortgages. His specialties include but are not limited to transaction banking, internet banking, mortgage, banking, deposit accounts, client/advisor relationship management, and more.  Along with providing direction, knowledge, and coaching, Wade is all about offering unique financial solutions for clients of all ages.


Episode 26 – Exploring Private Alternative Investments – With Travis Forman



There are two types of alternative investments: private and public alternative investments.

While private alternative investments are all about private equity, credit, and real estate, public alternative investments mainly operate in public markets and use less traditional tools such as short-selling and leveraging.

In this episode, Harbourfront Wealth Management’s senior vice president and portfolio manager, Travis Forman, sits down with Kris Dureau to explain everything you need to know about private alternative investments. He highlights this investing approach’s versatility so that you, too, can consider the benefits it could add to your portfolio.  

You will learn:

  • Who predominantly uses alternative investments 
  • Examples of alternative investments providing consistent returns
  • Private alternative investment subcategories
  • The impact of private alternatives on retirement-related savings 
  • The role of inflation in alternative investments
  • And more!

Listen today to learn how Harbourfront Wealth Management can help investors like you access private alternative investments!

Resources:  Three Hats Financial  | Kris Dureau | Travis Forman | Harbourfront Wealth Management“Why private alternatives are the future of asset allocation” by Travis Forman 

Travis Forman is based in Kelowna but also works out of offices in Vancouver and Surrey, B.C. Please note – at 6:10 of the podcast, Travis Forman refers to Rockridge Private Debt Pools best month. He is referring to December 2018 monthly return. Source: Willoughby Asset Management- Rockridge Private Debt Pool Monthly Fund Profile – February 2021. 12:02 of the Podcast – Heavily sub-advised is mentioned. This refers to the third-party managers that oversee the individual holdings in the Pools. The comments and information pertaining to the Rockridge Private Debt Pool (“The Portfolio”) are not to be construed as a public offering of securities in any jurisdiction of Canada. The offering of units of The Portfolio is made pursuant to the Offering Memorandum and only to investors in Canadian jurisdictions. Important information about The Portfolio is contained in the Offering Memorandum available through Willoughby Asset Management.


Episode 16 – How to Retire Well — Part 2



It’s no secret that when it comes to preparing for retirement, one major question pre-retirees are asking is, “Will I have enough to retire?”

In part two of his miniseries on retiring well, Kris Dureau reveals how you can find out the answer to this question. He highlights three financial areas to consider when assessing your retirement-related finances, assets, and benefits so that you can achieve the retirement lifestyle you’ve always desired.

In this episode, you will learn:

  • The difference between discretionary and non-discretionary expenses
  • How to plan for your retirement cash flow
  • Why you should create a debt inventory — and how to do it
  • How creating three financial buckets can help your portfolio in retirement 
  • And more!

Tune in now to discover actionable tips for preparing your finances to retire well!

Resources:  How to Retire Well – Part 1 | Three Hats Financial  | Cash flow Spreadsheet | Retirement Shift Worksheet