Traditional Financial Planning Is Flawed! -How To Use What I’m Going To Share With You Over The Next Little While.

IN THIS EPISODE OF THE KEY TO RETIREMENT™ PODCAST…

I’m going to talk to you about how traditional financial planning is inherently flawed and it’s no wonder your not making progress you feel you should be.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

ITEMS MENTIONED IN THIS EPISODE

• The KAIZEN Financial Planning Process™
• Six Mistakes Retirees Make With Their Finances (And How To Avoid Them!)
• Connect with us on Facebook
• Connect with us on LinkedIn
• Connect with us on Google+
• Connect with us on YouTube
• Connect with us on Twitter (@IRONSHIELDCFP)

Life Insurance – What You Need To Know

IN THIS EPISODE OF THE KEY TO RETIREMENT™ PODCAST…

I’m going to have a pretty candid discussion about Life Insurance and discuss what you need to know to make good decisions about your insurance portfolio.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

ITEMS MENTIONED IN THIS EPISODE

• The KAIZEN Financial Planning Process™
• Consumer Awareness Guide: HOW TO CHOOSE AND WORK WITH A FINANCIAL PLANNER YOU CAN TRUST!
• Six Mistakes Retirees Make With Their Finances (And How To Avoid Them!)
• Connect with us on Facebook
• Connect with us on LinkedIn
• Connect with us on Google+
• Connect with us on YouTube
• Connect with us on Twitter (@IRONSHIELDCFP)

The “Sell” Side of Investing

IN THIS EPISODE OF THE KEY TO RETIREMENT™ PODCAST…

I have an in-depth discussion with Charles Wilton, a Portfolio Manager with the Private Investment Management Group at Raymond James.  In the last episode we discussed the buying side of investing and we further the discussion and chat about the flip side, the time to sell.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

ITEMS MENTIONED IN THIS EPISODE

• The KAIZEN Financial Planning Process™
• Six Mistakes Retirees Make With Their Finances (And How To Avoid Them!)
• Connect with us on Facebook
• Connect with us on LinkedIn
• Connect with us on Google+
• Connect with us on YouTube
• Connect with us on Twitter (@IRONSHIELDCFP)

Financial Planning For Business Owners Is Simply Different

IN THIS EPISODE OF THE KEY TO RETIREMENT™ PODCAST…

I’m going to highlight the single biggest problem business owners face when it comes to their retirement plan, and how the sellability score report can pave the road to solving that problem.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

ITEMS MENTIONED IN THIS EPISODE

• The Business Sellability Audit™ and your Sellability Score©
• MindMeister
• Wealth Protection Plan
• The KAIZEN Financial Planning Process™
• Consumer Awareness Guide: HOW TO CHOOSE AND WORK WITH A FINANCIAL PLANNER YOU CAN TRUST!
• Six Mistakes Retirees Make With Their Finances (And How To Avoid Them!)
• Connect with us on Facebook
• Connect with us on LinkedIn
• Connect with us on Google+
• Connect with us on YouTube
• Connect with us on Twitter (@IRONSHIELDCFP)

Investment Teaching Moment

IN THIS EPISODE OF THE KEY TO RETIREMENT™ PODCAST…

I interview Charles Wilton, Private Portfolio Manager at Raymond James Financial – one of the most respected investment management firms in North America.  We will be going through what’s involved from a behind scenes look at what it takes to find a company that’s worth buying.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

ITEMS MENTIONED IN THIS EPISODE

• The KAIZEN Financial Planning Process™
• Six Mistakes Retirees Make With Their Finances (And How To Avoid Them!)
• Connect with us on Facebook
• Connect with us on LinkedIn
• Connect with us on Google+
• Connect with us on YouTube
• Connect with us on Twitter (@IRONSHIELDCFP)

Tax and Estate Planning Update

IN THIS EPISODE OF THE KEY TO RETIREMENT™ PODCAST…

I interview Mark Echlin, President of Simple Insurance Solutions.  Mark is a tax and estate planning specialist and he updates me on some of the most pivotal changes that are currently taking place in the world of tax and estate planning.  The bottom line is the department of finance is making some drastic changes that will negatively affect those who wait to put in place their tax and estate plan.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

ITEMS MENTIONED IN THIS EPISODE

• The KAIZEN Financial Planning Process™
• Six Mistakes Retirees Make With Their Finances (And How To Avoid Them!)
• Connect with us on Facebook
• Connect with us on LinkedIn
• Connect with us on Google+
• Connect with us on YouTube
• Connect with us on Twitter (@IRONSHIELDCFP)

How Sellable Is Your Business

IN THIS EPISODE OF THE KEY TO RETIREMENT™ PODCAST…

I interview John Duguid and Rod Howland, Managing Directors at Gallium Corporate Finance.  We have a great discussion on what it takes to build a business that is worth a ton of money – to someone else.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

ITEMS MENTIONED IN THIS EPISODE

• The Business Sellability Audit™ and your Sellability Score©
• The KAIZEN Financial Planning Process™
• Six Mistakes Retirees Make With Their Finances (And How To Avoid Them!)
• Connect with us on Facebook
• Connect with us on LinkedIn
• Connect with us on Google+
• Connect with us on YouTube
• Connect with us on Twitter (@IRONSHIELDCFP)

How To Properly Value A Business

IN THIS EPISODE OF THE KEY TO RETIREMENT™ PODCAST…

I interview Jason Kwiatkowski, Partner at the firm Valuation Support Partners to discuss the important aspects of business valuations and why they are so important to the growth of your business.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

ITEMS MENTIONED IN THIS EPISODE

• The Business Sellability Audit™ and your Sellability Score©
• The KAIZEN Financial Planning Process™
• Basecamp (Project management solution)
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook
• Canadian Wealth Protection Plans™

Creating a Business Owners Dream Financial Plan – Your Hiring Plan (Have Your Team Work While You Sleep) Part 8 of 8

IN THIS EPISODE OF THE KEY TO RETIREMENT™ PODCAST…

I reveal how a business owner can hire a support team that works while the business owner sleeps.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

ITEMS MENTIONED IN THIS EPISODE

• The Business Sellability Audit™ and your Sellability Score©
• The KAIZEN Financial Planning Process™
• Virtual Staff Finder: I hired my last virtual assistant using Chris Ducker’s service. What a great experience. I interviewed three candidates via Skype and couldn’t decide between two of them. A good problem to have. We have had a great experience with this company from day one.
• Free Consumer Awareness Guide – How To Choose And Work With A Financial Planner You Can Trust
• The Strategic Coach: This is the greatest general business coaching program I have ever been involved with.  At the time of this post, I am entering my 15th year.  Awesome!
• Basecamp (Project management solution)
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook
• Canadian Wealth Protection Plans™

Creating a Business Owners Dream Financial Plan (Part 7 of 8) – Turn Key Automated Marketing For Your Small Business That Really Works

IN THIS EPISODE OF THE KEY TO RETIREMENT™ PODCAST…

I move on to part 7 of creating a business owners dream financial plan.  Automating the life line of your business – lead generation.  Learn this turn key approach that allows you to generate high quality leads even while you sleep.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

ITEMS MENTIONED IN THIS EPISODE

• The Business Sellability Audit™ and your Sellability Score©
• BOOK: Built To Sell: Creating A Business That Can Thrive Without You
• The KAIZEN Financial Planning Process™
• Free Consumer Awareness Guide – How To Choose And Work With A Financial Planner You Can Trust
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook
• Canadian Wealth Protection Plans™

Creating a Business Owners Dream Financial Plan (Part 6 of 8) – Incorporate KAIZEN Into Your Financial Planning

IN THIS EPISODE OF THE KEY TO RETIREMENT™ PODCAST…

I move on to part 6 of creating a business owners dream financial plan.  Incorporating “KAIZEN” into your financial plan is the key to meeting (and often times exceeding) your financial goals.  Business owners who don’t embrace this philosophy in their financial planning will live to regret it.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

ITEMS MENTIONED IN THIS EPISODE

• The Business Sellability Audit™ and your Sellability Score©
• BOOK: Built To Sell: Creating A Business That Can Thrive Without You
• The KAIZEN Financial Planning Process™
• Free Consumer Awareness Guide – How To Choose And Work With A Financial Planner You Can Trust
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook
• Canadian Wealth Protection Plans™

Creating a Business Owners Dream Financial Plan – Investing For Business Owners (Part 5 of 8)

IN THIS EPISODE OF THE KEY TO RETIREMENT™ PODCAST…

I move on to part 5 of creating a business owners dream financial plan.  If your paperboy qualifies to invest in the same investment solutions you are currently using, you’re using the wrong investments.  This episode will dive deep into the most appropriate investment solutions for business owners and entrepreneurs.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

ITEMS MENTIONED IN THIS EPISODE

• The Business Sellability Audit™ and your Sellability Score©
• BOOK: Built To Sell: Creating A Business That Can Thrive Without You
• The KAIZEN Financial Planning Process™
• Free Consumer Awareness Guide – How To Choose And Work With A Financial Planner You Can Trust
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook
• Canadian Wealth Protection Plans™

Creating a Business Owners Dream Financial Plan – For Business Owners, It’s Different (Part 4 of 8)

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

IN THIS EPISODE

In this episode, I move on to part 4 of creating a business owners dream financial plan.  If the financial planning strategies that you’re using are appropriate for your employees, you’re probably utilizing the wrong strategies.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

ITEMS MENTIONED IN THIS EPISODE

• The Business Sellability Audit™ and your Sellability Score©
• BOOK: Built To Sell: Creating A Business That Can Thrive Without You
• The KAIZEN Financial Planning Process™
• Free Consumer Awareness Guide – How To Choose And Work With A Financial Planner You Can Trust
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook
• Canadian Wealth Protection Plans™

VIDEO LINK

Suze Orman’s $25,000 Mistake…

Creating a Business Owners Dream Financial Plan – The Sellability Score© and The Business Sellability Audit™ (Part 3 of 8)

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

IN THIS EPISODE

In this episode, I move on to part 3 of creating a business owners dream financial plan.  I dive into the Sellability Score to help you build a business that can thrive without you.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

ITEMS MENTIONED IN THIS EPISODE

• The Business Sellability Audit™ and your Sellability Score©
• BOOK: Built To Sell: Creating A Business That Can Thrive Without You
• The KAIZEN Financial Planning Process™
• Free Consumer Awareness Guide – How To Choose And Work With A Financial Planner You Can Trust
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook

   Subscribe via RSS (non-iTunes feed)

Creating a Business Owners Dream Financial Plan – Not Net Worth, Liquid Net Worth! (Part 2 of 8)

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

IN THIS EPISODE

In this episode, I move on to part 2 of creating a business owners dream financial plan.  I dive into why most business owners and entrepreneurs can’t retire and what you can do about it today to change this harsh reality.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

ITEMS MENTIONED IN THIS EPISODE

• The Business Sellability Audit™
• The KAIZEN Financial Planning Process™
• Individual Pension Plans
• Free Consumer Awareness Guide – How To Choose And Work With A Financial Planner You Can Trust
• Six Mistakes Retirees Make With Their Finances – And How To Avoid Them!
• 12 Key Questions You Must Ask A Financial Planner Before You Hire One!
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook

   Subscribe via RSS (non-iTunes feed)

Creating a Business Owners Dream Financial Plan – Start With Your Base Plan 

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

IN THIS EPISODE

In this episode, I highlight part 1 of creating a business owners dream financial plan.  I discuss creating your BASE PLAN.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

ITEMS MENTIONED IN THIS EPISODE

• The Business Sellability Audit™
• Free Consumer Awareness Guide – How To Choose And Work With A Financial Planner You Can Trust
• Six Mistakes Retirees Make With Their Finances – And How To Avoid Them!
• 12 Key Questions You Must Ask A Financial Planner Before You Hire One!
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook

   Subscribe via RSS (non-iTunes feed)

The Evolution Of Employee Benefits (Interview with Roger Thorpe, President of Thorpe Benefits)

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

IN THIS EPISODE

In this episode, I interview Roger Thorpe, President of Thorpe Benefits and we have an in-depth discussion about Employee Benefits.  Roger reveals to us his perspective on how business owners can better utilize their group benefits plans to enhance their employee experience.

If you’re a business owner looking for a group benefits plan for your company, you will want to listen to this episode.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

ITEMS MENTIONED IN THIS EPISODE

• Free Group Benefits Evaluation Checklist – Find out how your group benefits plan consultant stacks up…
• Free Consumer Awareness Guide – How To Choose And Work With A Financial Planner You Can Trust
• Six Mistakes Retirees Make With Their Finances – And How To Avoid Them!
• 12 Key Questions You Must Ask A Financial Planner Before You Hire One!
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook

   Subscribe via RSS (non-iTunes feed)

What Everyone Ought To Know About Registered Retirement Income Funds – RRIF

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

IN THIS EPISODE

In this episode, I reveal what everyone ought to know about Registered Retirement Income Funds (a.k.a. RRIF).  I also review four RRIF strategies to consider taking advantage of and reveal a RRIF strategy, that if you decide to move forward with it my advice to you is “Proceed With Caution”.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

ITEMS MENTIONED IN THIS EPISODE

• RRIF Calculation Tables
• Free eBook “How To Choose And Work With A Financial Planner You Can Trust“
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook
• 12 Key Questions You Must Ask A Financial Planner Before You Hire One – Free Report

EPISODE MIND MAP

   Subscribe via RSS (non-iTunes feed)

8 Myths of Long Term Care Insurance

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

IN THIS EPISODE

In this episode, I interview Jennifer Jacobs, President of LTCI Consulting Inc.  Jen is a Living Benefits Specialist and brings to the call a wealth of wisdom.

Understanding that a Long Term Care Insurance plan is essential to your long term financial well being and how this one plan can mean the difference between financial freedom and financial ruin makes you realize how exposed you are without it.

There is a real opportunity in the Canadian Long Term Care Insurance marketplace that should not be overlooked.  Your long term wealth depends on it.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

Items Mentioned In This Episode

• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook
• 12 Key Questions You Must Ask A Financial Planner Before You Hire One – Free Consumer Awareness Guide

   Subscribe via RSS (non-iTunes feed)

I’m Fine, Thanks – by: Crank Tank Studios

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

IN THIS EPISODE

In this episode, I interview Adam Baker, Producer of “I’m Fine, Thanks”.

I’m Fine, Thanks is a documentary that will “give thousands of people inspiration to live their lives based on their own hopes and dreams – not someone elses vision or script for their life.” – Adam Baker

(Click here to PLEDGE or watch the Trailer on Kickstarter Page)

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

Items Mentioned In This Episode

• I’m Fine, Thanks is a new, feature-length documentary about complacency. It’s a collection of stories about life, the choices we all make, and the paths we ultimately decide to follow.
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook
• 12 Key Questions You Must Ask A Financial Planner Before You Hire One – Free Consumer Awareness Guide

   Subscribe via RSS (non-iTunes feed)

Is Retirement Planning Just A Waste Of Time?

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

IN THIS EPISODE

In this edition of The Key To Retirement™, we discuss whether or not Retirement Planning is just a waste of time.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

Items Mentioned In This Episode

• The Business Sellability Audit™
• The KAIZEN Financial Planning Process™
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook
• Financial Planning Standards Council of Canada – Find a Planner
• 12 Key Questions You Must Ask A Financial Planner Before You Hire One – Free Consumer Awareness Guide

   Subscribe via RSS (non-iTunes feed)

Episode Mind Map

Home Equity Line’s of Credit – How To Use Them The Right Way.

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

IN THIS EPISODE

In this edition of The Key To Retirement™, we talk about home equity line’s of credit and how to use them the right way.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

Items Mentioned In This Episode

• The Business Sellability Audit™
• The Smith Maneuver
• Manulife ONE
• National Bank “All-In-One”
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook
• Financial Planning Standards Council of Canada – Find a Planner
• 12 Key Questions You Must Ask A Financial Planner Before You Hire One – Free Consumer Awareness Guide

   Subscribe via RSS (non-iTunes feed)

Episode Mind Map

Why most people don’t make money on their investments and what you can do about it.

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

IN THIS EPISODE

In this edition of The Key To Retirement™, we talk about why people don’t make money on their investments and what you can do about it.

BONUS SEGMENT

In today’s bonus segment we’ll show you how to keep track of your passwords using a free, powerful tool.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

Items Mentioned In This Episode

• Scott on Canada AM
• Connect with us on Google+
• Connect with us on Twitter (@IRONSHIELDCFP)
• Connect with us on Facebook
• Vibram 5 Finger Shoes – Barefoot Running
• Fee Based Financial Planning Mastery
• Financial Planning Standards Council of Canada – Find a Planner
• 12 Key Questions You Must Ask A Financial Planner Before You Hire One – Free Consumer Awareness Guide
• The Fear Premium
• LastPass.com

*NOTE: After doing some further research on the Myth of the Fidelity Megellan Fund and the Franklin Templeton Growth Fund I have found that what a lot of advisors believe to be true is in fact false.  It appears that there has been no formal study.

“Still, in these time of volatile markets, the lessons of the Great Magellan Myth should not be lost. Even if you pick a superstar fund, you can lose money if you panic at every market setback. You’re far more likely to make a bad sell call than a bad buy one. So don’t let panic push your sell buttons. Focus on designing a sound investment strategy and stick with it.” - http://www.bylo.org/magellan.html

   Subscribe via RSS (non-iTunes feed)

Episode Mind Map

Why Retire When You Can Have So Much Fun Working In Retirement?

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

IN THIS EPISODE

In this edition of The Key To Retirement™, we ask the question “Why Retire When You Can Have So Much Fun Working In Retirement?”

BONUS SEGMENT

In today’s bonus segment we’ll show you how to use a free piece of software to link you to the most valuable free information on the internet to fuel your desire for great timely content.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

Items Mentioned In This Episode

• Elance.com
• ODesk.com
• Scott’s “Dad’s Dance”
• 99Designs.ca
• The Retirement Trick™ (The Key To Retirement Podcast Episode 4)
• iTunes

   Subscribe via RSS (non-iTunes feed)

Episode Mind Map

Why “One” Is The Worst Number To Financial Planning and Wealth Creation.

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

IN THIS EPISODE

In this edition of The Key To Retirement™, I’m going to talk to you about the number “ONE” and why it is the worst number to financial planning and wealth creation.

BONUS SEGMENT

In today’s bonus segment we’ll share with you a great website that has changed the way I look at health and fitness.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

   Subscribe via RSS (non-iTunes feed)

Episode Mind Map

Why are you denying yourself during retirement?

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

IN THIS EPISODE

In this edition of The Key To Retirement™, we’re going to reveal to you a common question that I am asking my retiree clients during my review meetings.  And that question is “Why are you denying yourself during retirement?”

BONUS SEGMENT

In today’s bonus segment we’ll share with you a quick tip on how to tell if your financial planners financial planning software is providing you with the correct answers.  The wrong software could be inadvertently making you sacrifice too much today – which denies you your ability to have a higher lifestyle today.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.

Visit us online, at www.ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

   Subscribe via RSS (non-iTunes feed)

Episode Mind Map

A Little Financial Knowledge Can Be A Dangerous Thing.

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

In This Episode

In this edition of The Key To Retirement™, we’re going to talk about how a little financial knowledge can be a dangerous thing.

Bonus Segment

In today’s episode I discuss using Boomerang for Gmail.  It’s a great tool to enhance your gmail.  You can set up an email to send it in the future, or to re-direct an email you’ve received to remind you of say, bill paying, at a time closer to the due date for payment.  If you’ve sent someone an email and haven’t heard back from them you can schedule a “boomerang” to remind you that you haven’t heard back from someone within a certain period of time.  It’s a great tool.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.  Visit us online at ironshield.ca to obtain our contact information, then simply call or email to book your free initial meeting.

In this Episode:

• Boomerang for Gmail - This is a FREE Firefox / Chrome plugin that lets you take control of when you send and receive email messages in Gmail.
• Apple Computer
• Gmail – Simply the best free email program in existence today.
• Dropbox This is a FREE online data storage system
• 12 Key Questions You Should Ask A Financial Planner BEFORE You Hire One!

Episode Mind Map

Subscribe via RSS (non-iTunes feed)

Does Financial Planning lead to wealth?

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

In This Episode

In this edition of The Key To Retirement™, we’re going to talk about Financial Planning and answer the question of whether financial planning  leads to wealth or does wealth lead to financial planning?

Bonus Evaluation Form

In today’s segment we’re going to include a bonus Financial Advisor Evaluation Form which will help you decided if your existing financial advisor is a financial planner or a financial sales person.  This one form will clearly show you, in black and white, whether or not you currently have an expert able to help you put together a financial plan suited to your needs.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.  Visit us online at ironshield.ca to obtain our contact information, then simply call or email to book your free initial meeting.

In this Episode:

• Dropbox – This is a FREE online cloud based file storage system
• Apple Computer
• Financial Planning Standards Council – Find a Financial Planner
• Financial Advisor Evaluation Form – Click here to download the form mentioned in the podcast

Episode Mind Map

Subscribe via RSS (non-iTunes feed)

Individual Pension Plans – Why they are the best wealth accumulation plans for business owners.

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

In This Episode

In this edition of The Key To Retirement™, we’re going to talk about Individual Pension Plans (IPP’s) and why they are the best wealth accumulation solution for business owners.

Bonus Segment

In today’s bonus segment we’re going to show you how to get a FREE, customized report showing you how much of a tax-deduction you can create, virtually out of thin air, to save a boat load of taxes this year.  This one report will clearly show you, in black and white, whether or not you should be exploring this amazing wealth accumulation plan further.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.  Visit us online, at ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

   Subscribe via RSS (non-iTunes feed)

Episode Mind Map

The Canada Pension Plan – Should you take a reduced Canada Pension Plan now? Or a full Canada Pension Plan later?

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

In This Episode

In this edition of The Key To Retirement™, we’re going to talk about the Canada Pension Plan and answer the question “Should you take a reduced Canada Pension Plan now or a full Canada Pension Plan later?

Bonus Segment

In today’s bonus segment we’ll share with you how to get your own copy of a FREE Special Report titled “12 Key Questions You Must Ask A Financial Planner BEFORE You Hire One!“  This free report is a must read if you’re thinking of interviewing a Certified Financial Planner in your area.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process™.  Visit us online, at ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

  Subscribe via RSS (non-iTunes feed)

Episode Mind Map

Group Benefits – How Business Owners Can Change Their Group Benefits Plan From An Expense To An Investment.

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

In This Episode

In this edition of The Key To Retirement, we’re going to talk about Group Benefits and how business owners can change their plan from an expense to their business to an investment in their business.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process.  Visit us online, at ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

  Subscribe via RSS (non-iTunes feed)

Episode Mind Map

Four Things NOT To Do and Five Things To Do With Your Financial Plan When The Markets Crash.

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

In This Episode

In this edition of The Key To Retirement, we’re going to talk about the four things NOT to do and the five things to do with your financial plan when the markets crash.

Bonus Segment

In today’s bonus segment we’ll share with you a FREE tool that you can use to simply and easily manage your finances.  This tool in my mind is going to revolutionize the personal finance industry.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process.  Visit us online, at ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

Links to things mentioned in this episode:

• FREE Special Report! – “12 Key Questions You Must Ask A Financial Planner BEFORE You Hire One!”
• www.fpsc.ca (Find a Certified Financial Planner in Canada)
• www.mint.com

  Subscribe via RSS (non-iTunes feed)

Episode Mind Map

Dispelling the myths and misconceptions surrounding Tax Free Savings Accounts.

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

In This Episode

In this edition of The Key To Retirement, we’re going to dispel the myths and misconceptions surrounding Tax Free Savings Accounts.

Bonus Segment

In today’s bonus segment I’d like to share a website that will allow you to learn just about any piece of software through professionally created online training and tutorial videos.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process.  Visit us online, at ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

Links to things mentioned in this episode:

  Subscribe via RSS (non-iTunes feed)

Episode Mind Map

Long-Term Care Insurance and why you can’t stay home without it.

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

In This Episode

In this edition of The Key To Retirement, we’re going to discuss Long-Term Care Insurance and why you can’t stay home without it.

Bonus Segment

In today’s bonus segment we’ll tell you about a “Virtual Shoebox” to help you keep track of all of your personal and family documents.  In an emergency, all of your important “stuff” is itemized and in one place.  And, this “shoebox” is free!

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process.  Visit us online, at ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

Links to things mentioned in this episode:

• Your Virtual Shoebox
• [VIDEO] Long-Term Care Insurance
• Six Mistakes Retirees Make With Their Finances – And How To Avoid Them

  Subscribe via RSS (non-iTunes feed)

Episode Transcript

Scott:
In today’s feature segment, I have a real treat for everyone.

The research I’ve done over the past few years into the world of Long-Term Care Insurance has brought me in touch with some very talented people.  And one in particular is a true “specialist” when it comes to long-term care insurance.

As a company, we have not only embraced the need to include long-term care insurance as part of an overall, comprehensive living benefits plan, we’ve actually partnered with Canada’s top long-term care specialist and are pleased to include her in our Top Guns Network.

So, in today’s episode I speak with Jennifer Jacobs about Long-Term Care Insurance.  She not only dispels the most common myths surrounding this type of coverage, she does a complete overview of what is good (and what is not-so-good) about the various plans available in the marketplace today.

If you live in Canada and you don’t have this type of coverage and you are above the age of 30, you absolutely need to listen to this entire episode.

So, here’s the call…

Bonus Segment

Cathy:

In today’s Bonus Segment I’m going to provide you with a free tool that will give you peace of mind in knowing that if anything were to happen to you, there is a document that has a record of everything that someone might need to know about you to assist with your personal affairs.

The purpose of this interactive tool is to help you to keep track of your important personal and family documents – everything from insurance policies, bank accounts, investments and mortgages to health records and will and estate information.

So many of us have a “file it and forget it” mentality. Some of us have even been known to stuff bills, receipts and similar important pieces of paper into a filing cabinet, or even a shoebox, until tax time. In a way we should be grateful for this annual clear-out because there isn’t enough storage in the world for all of us if we were to go on storing information like this forever.
But tax time is not the only critical period in our lives. There are many others. A spouse or companion dies. You become separated or divorced. You lose your independence through a physical or mental infirmity.  What happens to all your various files and pieces of paper?

Someone else has to step in and sort it all out.

Enter the Virtual Shoebox.

The Canadian Life and Health Insurance Association has put together an interactive document that will allow you to record the details of all of your personal records in one place.  This Virtual Shoebox will walk you through the data gathering process to make sure it is complete.

The Four Mistakes Retirees Need To Avoid When Creating A Retirement Income Plan.

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

In This Episode

In this edition of The Key To Retirement, we’re going to discuss the 4 mistakes retirees need to avoid when creating a retirement income plan.

Bonus Segment

In today’s bonus segment we’re going to show you a trick to listen to your information in half the time it usually takes.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting. One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process.  Visit us online, at ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

Links to things mentioned in this episode:

• CRA Bulletin IT-238R2
• A trifecta investment solution
• $60,000 Annual Withdrawal, No Inflation, No Tax
• $60,000 Annual Withdrawal, 2% Inflation, No Tax
• $60,000 Annual Withdrawal, 2% Inflation, 30% Average Tax

  Subscribe via RSS (non-iTunes feed)

Episode Transcript

Scott:

In today’s feature segment, we are going to talk about the four mistakes retirees need to avoid when creating a retirement income plan.

And these mistakes are:

1. Not factoring in inflation
2. Not factoring in income taxes
3. Poorly structuring investment management fees, and finally
4. The myth that you need to match your fixed income exposure to your age

So, let’s start with the mistake of not factoring inflation in to your projected retirement income needs.  How long your money lasts is a direct result of how much it’s going to cost you each year to live your life.

So, let’s say you determine that “life” is going to cost you $5,000/month.  As time goes on, inflation begins to eat away at the purchasing power of that $5000.  “Things” – those things you eat, you wear, you drive – get more and more expensive.  Don’t get fooled into thinking that your costs today are going to match your costs tomorrow.  They won’t.

Need proof?  In 1962, it cost 5 cents to mail a letter in the US.  30 years later it was 29 cents.  19 years later it costs 44 cents.  That’s an average inflation rate of 4.53%.  Did your income grow by more than 4.53%/year?

During your working years, it is easier to anticipate inflation and most salaries at least keep pace with the general increase in prices, but it becomes a real problem when you’re on a fixed income.  And that’s when your standard of living can be affected, if you haven’t planned properly.

Let’s get back to the example of $5000/month that you need to cover your expenses in retirement.  You’ve calculated that in today’s dollars.  But your retirement is likely to last 20+ years.

Over the last 20 years in Canada, inflation has averaged about 2% a year.  It doesn’t sound like much, and of course how deeply you feel the increase in prices depends upon the actual goods and services you buy compared to the “basket” of goods tracked by the Consumer Price Index or “CPI”.  Regardless of that though, if your expenses increase by 2% a year, in 20 years it will cost you $7430/month to live that same life.

Inflation is what I call the silent “killer” of financial plans.  If you don’t factor inflation in, you may as well not even bother writing the financial plan.

To put it another way, a $1,000,000 portfolio growing at 8% a year with a monthly withdrawal of $5,000 will be worth $2,165,788 in 25 years.

However, if you adjust the $5,000/month to keep pace with inflation, and we’ll use the 2% inflation rate we just talked about, the account will have a value of $1,408,173 in 25 years – a difference of $757,615!

Ok, so now we know the effects of inflation.

But, mistake #2 would be not factoring in income taxes.

If you need $5,000/month to cover your living expenses, you will need to withdraw more than $5,000/month to have enough to pay the income tax bill and still have enough left to cover your living expenses.

Using the previous assumptions, but now taxing that $5000/month at a 30% tax bracket, you will have exhausted your portfolio by the 19th year.

Cathy:   

Reminds me of the old saying, “Nothing is certain but death and taxes”!

Scott:

You can say that again.

Now, once you’ve taken into account inflation and taxes, you’re still not done.

Mistake #3 is poorly structuring the investment management fees paid to your investment management team.  Another common mistake.

Now, chances are you’re investing in mutual funds.  And, if you are, then you are paying a fee to the mutual fund company to manage your money.  On average, you would be paying approximately 2.5% for this.

What this means is that if your portfolio generated an 8% gross return, you would only see 5.5% as you paid 2.5% to the manager to manage the account.

Now, here’s a little trick to reduce the impact of the management fee – without changing your portfolio.

Contact your advisor and say that you want to change the way the management fee is charged to your portfolio.  Instead of having the MER paid before you see your distributions, ask to have the fee “unbundled”.

What this means is that they will pay to your portfolio the full return generated (in this example it was 8%).  Then, they will charge your portfolio the management fee (in this example, 2.5%).  By separating the fee from the return, you’ve earned yourself a tax deduction of this amount on any non-registered investment accounts you have.

CRA’s bulletin IT-238R2, states that you can deduct from your taxable income, any amount you paid for investment counseling on your taxable accounts.  Therefore, at a 30% tax bracket, a 2.5% management fee turns into a net management fee of 1.75%.

You know I find it amazing how people often look to improve performance by adding more risk to a portfolio, when sometimes simple tax deductions will do the trick for you.

If you want more information on this, visit www.freefinancialplanningvideos.com to watch the free video that explains exactly how to do this.

And finally, let’s dispel the myth that you base your asset allocation on your age.

The theory is that you match the percentage of your portfolio allocated to fixed income to your age.  Now, on the surface this sounds pretty logical.  I mean if you are 80 years old, doesn’t it make sense to have 80% of your portfolio in bonds?  But, if you follow this approach, you will be setting yourself up for a major drop in income.

With interest rates as low as they are today, bonds are paying next to nothing and the upside is limited with the threat of rising interest rates.

I spoke with Mike Flux, VP of Connor, Clark & Lunn Private Capital – one of the largest investment counseling firms in Canada – and their analysis shows that the return expectation on fixed income is running between 2-5%, before fees and taxes and inflation.

Such a heavy weighting in that type of security will make it very difficult to counter the combined effects of inflation and taxes that we’ve talked about today.  Stocks, or the equity securities in your portfolio are better suited to at least keeping pace with inflation over the long run, as companies’ revenues increase and you share in those earnings through either dividends or capital appreciation.

So, the old adage of match your fixed income exposure to your age may lead you straight to under performance.  Like so many other investment rules of thumb, it oversimplifies complex issues.

No matter how old a person is, a sound asset-allocation program starts with one’s net worth, expected income needs and risk tolerance.

Everyone’s circumstances are different. The age-allocation adage makes little sense for most people and may just interfere with you achieving your goals.

If you’re interested in finding out what other options are available to help bolster returns in your portfolio, please visit the show notes.  I will post a link to an exclusive presentation called “A trifecta investment solution designed to enhance performance, reduce volatility and provide a tax-efficient income”.

So, go now and re-crunch your retirement income numbers – making sure you have accounted for all of these variables.  Contact your investment advisor to change how your portfolio’s management fee is paid so you can capture a new tax deduction known to very few Canadians.

And, visit www.freefinancialplanningvideos.com to get immediate access to The Six Mistakes Retirees Make With Their Finances FREE Video Series and find a certified financial planner who you can work with.

The Retirement Trick.

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

In This Episode

In this edition of The Key To Retirement, we’re going to talk about The Retirement Trick.

Bonus Segment

In today’s bonus segment we’re going to give you a tool to use to Trick yourself into a fun and comfortable retirement.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting.  One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process.  Visit us online, at ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

Links to things mentioned in this episode:

• The Retirement Trick Worksheet (I must give credit where credit is due.  This worksheet was inspired by a tool developed by Dan Sullivan of The Strategic Coach.  In his coaching program (of which I am a faithful student) we are presented with The “Retirement” Trick worksheet to assist us with the idea of ‘retiring’ from everything we don’t like doing and expanding what we love to do.  I recognized the power of this tool and developed my own version to assist clients with their thinking about what things they would like to spend more of their time on while retired.

  Subscribe via RSS (non-iTunes feed)

Episode Transcript

Scott:   As a financial planner, if I do my job right, then you will retire at the age and with the money that you desire.  Now, call me crazy, but I want more for my clients than that.

Cathy: You mean more money?

Scott:   (Chuckle) Likely that would be appreciated, but no.  It’s not just about the money.

I’ve seen many people retire.  Some successfully and some not so successfully.  And, it’s been my experience in helping clients achieve their financial goals for retirement, that the traditional idea of retirement is flawed.

Let me explain.  You see, my clients are probably a lot like the people who are listening to this podcast – hard working and busy.  They’re executives, they’re professionals, they’re self-employed…  And, they’re all getting closer and closer to retirement.

They value the advice of a CFP because they don’t have the time or the expertise to do the financial planning themselves.  And they want it done right.  They want to make sure they’re not making mistakes with their money, that they’re on track for a comfortable retirement and that they’re doing things in the most tax efficient manner.

But just getting there is not enough.  Despite the demands on their time, my clients – after 40+ years in the workforce – are just not ready to change gears and spend the next however many years, sitting on a beach.  Though they may not realize that yet.

Cathy: You know the idea of sitting on a beach really appeals right now.  And I suppose for the first couple of weeks I would enjoy not having to get out of bed in the morning.  Kind of like one Sunday after another.  But soon I’d be looking for a reason to get out of bed again.  Because I actually do thrive on projects and deadlines – the sense of accomplishment when you get the job done.  I must say, I get a lot of satisfaction out of that – though I would prefer a less hectic pace!

Scott:   Exactly!  That’s what I’ve found with the majority of my clients who’ve successfully retired over the years.  And it’s led me to change the way I think about retirement – both mine and my clients’.

I no longer refer to a retirement date as the date that you’ll retire from work.  I like to refer to it as a “financial freedom” date – the date that you will retire from those things that you don’t want to work at any longer.  And the things you do want to work at, well that becomes the basis for your new lifestyle, the one you will enjoy through your retirement years…

Which reminds me of something…  Remember a few years ago we attended a New Year’s Eve party where one of the guests posed a very interesting question?  The question was: “If you didn’t have to work for money, what job or career would you choose”?  A fascinating question!  After we each digested it, we took turns – digging deep – to come up with the thing or things that we would do, even if we weren’t getting paid to do so – our passion.

I must say – after we each began to share our thoughts – I came to realize that I’d really only known some of these people in a superficial way, and, I truly believe that by expressing ourselves the way we did, we came to know ourselves better too.

It got me to thinking that, that job, that career, that “pursuit” that you would do even if you weren’t paid to do it – whatever it is – no longer has to be the path not taken.  I believe retirement, if planned properly, provides the freedom to focus on the things you love and enjoy doing.

Cathy:

You know, Scott, I think you’ve hit on something important here, something that’s missing from the dollars and cents of a financial plan.  If you don’t put some time now into thinking about what you’ll do with your time later, you may be missing an opportunity to maximize your enjoyment of those retirement years.  Transitions aren’t always easy to make.

Being newly retired – even with financial resources – can leave people feeling a little lost.  I’ve seen it happen.  And it would be a shame to think that your quality of life might actually decline in retirement – solely because there’s not enough going on that’s stimulating and rewarding.  Is there a way we can help clients through this pre-retirement stage?

Scott:

Absolutely!  And, to go one better, there’s no reason why everyone can’t start on their “retirement” TODAY!

Now, that doesn’t mean that you need to retire today in order to begin to enjoy those passions.  It means that you need to look at your “idea” of retirement a little differently.

What’s stopping us from taking mini-retirements now?  Turn your vacations into “mini-retirements” and give yourself permission to try new things – a new hobby, activity, or even a new business opportunity.  You’ll also want to ask yourself what     activities you enjoy and want to do more of.  Think about the ways in which your creativity can be channeled.  You may stay on your existing career path, but perhaps in a modified     way.  And maybe you can begin a subtle shift – offloading some aspects of what you do now, that don’t energize you – to focus on those that do.  And when the aspects of work that you do enjoy outweigh those that you don’t enjoy, suddenly retirement doesn’t have to mean the end of work altogether.

We’re talking now in fairly broad strokes about the process we go through with clients,     but when you actually get down to it – when you ask and answer these questions – the     results are quite astounding.  Often, there’s the realization that these “changes” that you’re contemplating for your retirement years – a date that may “financially” still be 5 or more years away – are in many ways do-able now.  You may find that you can begin to make some progress, make some changes now.  And that goes a     long way to improving your quality of life now, as well as creating the framework for an active, creative and fulfilling retirement.

Cathy:

It’s said if you can “see” it, you can believe it.  A retirement you can visualize is one that would be far easier to plan for.  Can you put it into a step-by-step?

Scott:

Absolutely!  I call it The Retirement Trick and it’s easier than you might think.  Here’s how it works:

Answer these questions…

1. If you were retired today, what activities would you immediately stop doing?  Why?
2. If you were retired today, what activities would you continue or start doing?  Why?

Now that you have a list of each:

1. Review each item that you would immediately stop doing.  Are there changes you can make today to stop any of these activities?  List them.
2. Beside each item in the list of changes you just created, write down in bullet-point form, what the benefits are that you would receive in 12 months if you made this change?
3. Now that you have a list of the benefits from each change, in the next column, write down some of the biggest obstacles that exist today, that are holding you back from receiving these benefits in the next year.  Be specific.
4. Now, here’s the amazing part about how our minds are wired.  When we see obstacles, our minds begin to work on solutions to overcome those obstacles.  List all of the ideas and strategies that come to you.  Now that you are clear on what is, or what may be, standing in your way, you can begin to work on solving these problems.  Write these solutions down.

Keep this list close to you.  And update it, as more ideas come to you.  As time goes by, more solutions will come.  Keeping this list handy will provide you with a place to record the solutions.  Review this document at the beginning of each week.  You’ll be amazed at how quickly some of these obstacles begin to disappear.  All because you “tricked” yourself into becoming clear on what was standing in your way.  This was the missing link.

Repeat this process with the list of activities that you would continue or start doing.

Now, in the show notes, I will put a download-able version of this tool that you can use.  So, go there now, and take the 15 minutes that is required to trick yourself into laying the foundation for a successful retirement.
Bonus Segment

On today’s bonus segment, we’re giving you The Retirement Trick tool and user guide to use to help you lay the foundation for a successful retirement.

Visit www.keytoretirement.ca and click on the Podcast link.  There, you will look for Podcast Episode 4, where you will find our free, down-loadable tool, called The Retirement Trick.  Simply re-listen to the section of the podcast where we walked you through how to use the tool successfully.

The 9 things you need to know before you can retire comfortably.

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

In This Episode

In this edition of The Key To Retirement, we’re going to talk about the 9 things you need to know before you can retire comfortably.

Bonus Segment

In today’s bonus segment we’ll talk about the non-financial side of planning to retire comfortably – your health.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting.  One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process.  Visit us online, at ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

Links to things mentioned in this episode:

• The Medcan Clinic

  Subscribe via RSS (non-iTunes feed)

Episode Transcript

Episode Title: 9 things you need to know before you can retire comfortably.

1. Show me the money! (What is your net worth)

This is important why?

• Important to have a clear picture of where you are financially, today.
• Important to have a listing of everything you own and owe, not only so you know where things are but for executors also.

2. What are your retirement revenue sources

This is important why?

• Get very clear about where all of your income in retirement is going to come from, how much you will receive and when (if at all) those sources will either last or when they will change in amount.
• It’s important to map out your retirement income in a retirement income plan to ensure you are aware of how these income sources will be affected by taxes and potential claw backs.

3. What are your retirement expenses

This is important why?

• Outlining all of your retirement expenses, how long they will last and when they will change will provide you with some comfort in knowing what your obligations are throughout retirement.

4. What is your debt management plan?

This is important why?

• If you are going in to retirement with debts, it is important to develop a debt management plan to get these debts paid off as quickly as possible.

5. What does your base plan look like

This is important why?

• By developing a “base plan” (which is a financial plan which simply maps out your current financial position right now, you will become very clear about whether or not what you are trying to accomplish financially is even doable.
• Also, this step answers your most important question: “Can I retire with the lifestyle I have become used to?”

6. What if??? (What if discussions – to build confidence)

• Is your plan Goals based or Cash Flow based?
• This is important why?

Goals based financial planning provides you with a clear idea of what you need to do to retire at a certain age with a certain level of income.  However, it is less precise because of how the assumptions are set up.  Discuss tax component.

Cash flow based financial plans do a much better job of mimmicking your actual retirement income and the taxes associated with the cash flow received from your plans.

7. Does your paperboy qualify for the same investments you are investing in? (Investing in appropriate solutions that you qualify for)

• This is important why?
  • All too often we see the investment solutions clients are using have not kept up with their level of wealth.  In other words, let’s make sure the investment solutions you are using are what you qualify for because if you qualify for a certain level of investment solution and are not using it, you are losing out on strategies and services that can make it a lot easier to generate the returns required to continue to accomplish your investment goals.
    • Mutual Funds
    • Pooled Managed Solutions (Al-in-one managed mutual funds)
    • Discretionary wholesale investment programs (eg: investment counsellors and portfolio managers).

 8. Help, I’ve fallen and I can’t get up. (Risk management)

• This is important why?
• We all have three eventualities

1. Live long and healthy
2. Live long and unhealthy
3. Die pre-maturely

• A look at how each eventuality could impact your financial plans ability to provide for your family will reveal to you where you are exposed to financial risks.

9. Estate Planning

• This is important why?
• A review of what happens to the families wealth on the death of the second spouse is quite alarming.  It is amazing how much CRA takes by way of taxes.
• Review what this amount is expected to be
• Put strategies in place to save against this tax erosion.
• Discuss the 5 legal canadian tax shelters.

Action Steps: Here’s what you can now do with this information…

Once you have answered these questions and are very clear about the details, your confidence level will rise.  

Also, please go to the comments section and leave some feedback.  Are there other topics you would like discussed?  

Bonus Segment

In today’s bonus segment we’ll talk about the non-financial side of planning to retire comfortably – your health!  We’ve talked a lot today about the financial side of retiring comfortably, but let’s not forget your health.  Without your health, your financial planning may be all for naught.

If you haven’t had a physical in a while, maybe it’s time to book an appointment with your doctor.  Have that nagging ache or pain checked out, or any other symptoms you’ve been too busy to deal with.  And, remember, your emotional health is as important as physical health.  Symptoms of sadness, guilt or hopelessness, or a loss of interest in your usual activities may be signs of depression.  Depression is not a normal part of aging and can be treated.

Maybe it’s time to consider a comprehensive health assessment.  There are now private clinics that offer this complete analysis of your health.  Scott & I experienced first-hand the services of such a clinic – the Medcan Clinic in Toronto and found it was time and money well-spent.

Medcan’s flagship service is their Comprehensive Health Assessment which includes 12-15 sophisticated diagnostic tests, all performed at one location within a single 4 hour visit.  Medcan’s objectives are to not only pick up early signs of disease, but also to give you a strategy to improve your health.

Check them out at www.medcan.com.

The difference between financial goals and financial objectives and how important it is that your financial planner understand the difference between the two.

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

In This Episode

In this edition of The Key To Retirement, we’re going to talk about:

• the difference between financial goals and financial objectives and how important it is that your financial planner understand the difference between the two.  Because, if they don’t, you will never know when you have accomplished what you set out to.

Bonus Segment

In today’s bonus segment, we’ll share with you:

• how to get leading edge information on just about any topic delivered to you as it comes out.  And no, it’s not searching through google.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting.  One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process.  Visit us online, at ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

  Subscribe via RSS (non-iTunes feed)

Three Critical First Steps In Determining If You Need To Work With A Financial Planner

WELCOME TO THE KEY TO RETIREMENT™ PODCAST!

To subscribe to the podcast, please use the links below:

• Click Here to Subscribe via iTunes
• Click Here to Subscribe via RSS (non-iTunes feed)

If you have a chance, please leave me an honest rating and review on iTunes by clicking here. It will help the show and its ranking in iTunes immensely! I appreciate it! Enjoy the show!

In This Episode

In this edition of The Key To Retirement, we’re going to talk about The Three Critical First Steps In Determining If You Need To Work With A Financial Planner

In today’s quick tip we’ll share a website you can use as a resource for finding a certified financial planner in your area.

And if you’d like to get a jump start on finding the answers to your key financial planning questions, using our proven system, you can book your risk free, no-obligation initial meeting.  One of our specifically trained Certified Financial Planners will be pleased to walk you through The KAIZEN Financial Planning Process.  Visit us online, at ironshield.ca, to obtain our contact information, then simply call or email to book your free initial meeting.

Bonus Segment

In today’s quick tip, we’re sharing a resource for finding a Certified Financial Planner in your area so that you can begin your journey towards hiring a financial planner.

Historically, the easiest way to get a list of names of firms to meet with was to go to your local yellow pages directory.  The problem with this is that you are only going to find firms who have paid to be in those books.  That doesn’t mean that they are all qualified.  It just means that they have paid to be there.

However, now you can go directly to the organization that’s sole objective is to promote and enforce the professional standards for financial planning in Canada.  The Financial Planning Standards Council of Canada has a ‘Find A Planner’ section on their website.  You can even use a Google Map Tool to show you all of the practicing Certified Financial Planners in your area.  Simply key in your postal code and it will generate a listing of all your local planners.  You can read their profiles and link to their websites to find out more about them before you actually call.

This website is www.fpsc.ca .

  Subscribe via RSS (non-iTunes feed)