Tag: Three Hats Financial
29. Top 10 Frequently Asked Financial Questions

29. Top 10 Frequently Asked Financial Questions

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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:

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28. 8 Ways You Can Earn Your Financial Self-Defence Black Belt

28. 8 Ways You Can Earn Your Financial Self-Defence Black Belt

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Kris Dureau has practiced martial arts since he was 12 years old.

This hobby taught him that self-defence is all about situational awareness, so that he can identify and avoid bad situations.

In this episode, Kris Dureau highlights how martial arts principles can apply to eight key areas of your financial life. By practicing these principles, you, too, can learn to protect yourself and gain situational awareness around your money.

Kris discusses:

  • Why you should review your insurance policies regularly 
  • How knowing your household cash flow can protect your finances 
  • The idea of paying yourself first
  • Benefits of debt inventory and planning 
  • The importance of portfolio protection for soon-to-be retirees 
  • Reasons to get power of attorney documents ASAP
  • And more

Resources:

Connect with Kris Dureau:

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

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

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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.

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Episode 25 – Your 10-Step Pre-Retirement Checklist

Episode 25 – Your 10-Step Pre-Retirement Checklist

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One of the reasons why retirement is such a major life decision is timing. If you retire too early, you might have financial trouble. If you retire too late, you might not have the energy to enjoy it to the fullest. 

So, when is it the right time to retire? 

To help you decide, Kris Dureau walks you through his 10-step pre-retirement checklist. This list will help shed light on the different financial, health, and planning considerations you need to be aware of as you approach your next stage of life. 

In this episode, you will learn:

  • Why you need to choose the type of retirement you want to live 
  • How a cash flow plan, emergency funds, and health insurance can help you improve your retirement needs 
  • How retirees and pre-retirees can approach debt 
  • Benefits of changing your accumulation portfolio to a retirement income portfolio
  • And more!

Tune in today and discover how you can better navigate the path of retirement planning!

Resources:  Episode 6 – Why Everybody Needs a Will | Episode 15 – How to Retire Well (Part 1) |  Episode 16 – How to Retire Well (Part 2)  | Retirement Shift Worksheet | Cashflow Spreadsheet

Connect with Kris Dureau:

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Episode 24 -The Real State of Ontario’s 2021 Real Estate Market – With Krystal Lee Moore

Episode 24 -The Real State of Ontario’s 2021 Real Estate Market – With Krystal Lee Moore

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Southwestern Ontarians, are you on the lookout for real estate deals, but don’t know how and where to start from?

If so, this episode is for you!

Today, Royal LePage Triland Realty’s Krystal Lee Moore joins Kris Dureau to explore the ins and outs of Ontario’s 2021 real estate market. All this to guide, support, and help you reach your ultimate real estate goals!

In this episode, you will learn:

  • Low-interest rates, COVID-19, and working from home: Factors that contribute to the current real estate market  
  • Why you might want to add extra value to your home 
  • The best times of the year to sell in Ontario 
  • The truth about first homes 
  • And more!

Listen today and find out everything you need to know about home values in our weak economic market!

Resources: Royal LePage Triland Realty, Brokerage | Krystal Lee Moore | Instagram | Facebook  | Soar on Amazon

Connect with Kris Dureau:

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Episode 23 – Spring Clean Your Finances With These 6 Steps

Episode 23 – Spring Clean Your Finances With These 6 Steps

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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

Connect with Kris Dureau:

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Episode 22 – Enhance Your Online Security with These Cybersecurity Tips – With Guest Chuck Yeung

Episode 22 – Enhance Your Online Security with These Cybersecurity Tips – With Guest Chuck Yeung

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Considering the current COVID-19 environment, working, shopping, socializing, and finding entertainment are only a couple of things we can do from the comfort of our homes.  

But, to what extent is our online identity and information really protected? 

In this episode, Kris Dureau sits down with Cystech Solutions’ Chuck Yeung. Today, Chuck discusses must-know cybersecurity tips so that you can protect yourself, your family, and your business when it comes to online privacy, information, and identity.

In this episode, you will learn:

  • Why you should change your passwords every six months 
  • The role of password manager platforms when it comes to the dark web 
  • Easy ways to detect a phishing scam 
  • The importance of setting up a two-step authentication 
  • Chuck’s take on how cybercriminals operate when it comes to a ransom 
  • And more!

Listen today and find out the do’s and don’ts when it comes to protecting your identity online! 

Resources: Chuck Yeung  | Cystech Solutions

Connect with Kris Dureau:

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Episode 21 – Tax Tips for Small Business Owners — With Peter Simpson

Episode 21 – Tax Tips for Small Business Owners — With Peter Simpson

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It’s never too early to start thinking about your tax planning, especially if you’re a business owner! 

In this episode, Kris Dureau welcomes back Simpson and Associates’ Peter Simpson. Kris and Peter discuss important tax tips for business owners and self-employed individuals and share strategies for making positive, practical changes to your tax picture.

In this episode, you will learn:

  • How to claim work-from-home tax deductions 
  • When business owners should start thinking about putting money into their RRSP
  • The right time to incorporate a business 
  • Benefits of an HST number 
  • And more!

Listen today to discover tax tips and strategies that can help small business owners maximize their tax planning!

Resources:   Episode 19: 2020 Year-End Tax Planning Tips | Simpson and Associates | Peter Simpson 

Connect with Kris Dureau:

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Episode 20 – Everything You Need To Know About Critical Illness Coverage

Episode 20 – Everything You Need To Know About Critical Illness Coverage

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Critical illness coverage is a long-term insurance policy that covers serious illnesses such as cancer, heart attacks, coronary artery bypass surgery, and more. 

In this episode, Kris Dureau discusses everything you need to know about this type of coverage and explains how its financial component can help you alleviate the toll of a health condition.

In this episode, you will learn:

  • How critical illness coverage works 
  • About the claiming process 
  • How previous family health conditions can impact your coverage premium 
  • The conditions you need to meet to get your coverage premium back 
  • And more!

Tune in now and discover how critical illness coverage can help you protect your finances and health! 

Connect with Kris Dureau:

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Episode 19 – 2020 Year-End Tax Planning Tips – With Peter Simpson

Episode 19 – 2020 Year-End Tax Planning Tips – With Peter Simpson

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While tax planning is often a year-round affair, the year-end season is a particularly optimal time to review your taxes with your trusted financial professional.

In this episode, Kris Dureau sits down with Simpson & Associates’ Peter Simpson to discuss the value of year-end tax planning. Together, they discuss popular year-end tax planning strategies that could help you make the most of your taxes before the new year hits.

In this episode, you will learn:

  • Tax credits and deductions that you might be able to claim
  • How to claim the Home Office Employment tax credit 
  • Why Tax-Free Savings Accounts (TFSA) are helpful investment vehicles 
  • The tax-related benefits of a Registered Education Savings Plan (RESP)
  • And more!

Tune in today and find out which tax strategies could work for you and your year-end planning!

Resources: Simpson & Associates | Peter Simpson 

Connect with Kris Dureau:

 

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