Women's Wealth Canada

Too many Canadians don’t have a financial plan. That’s what a recent FP Canada report found. Only 25 per cent of Canadians are working with a financial advisor and 30 per cent of those surveyed say they don't have a financial plan at all. Interestingly, younger people are more likely to say they don't have a financial plan but wish they did.What caught my eye about this survey is that Canadians don’t even agree on what a financial plan is. Some think it is an investment plan, that i...

Each year, I like to begin by talking about goals. And specifically about you and your financial goals. Have you set them? Are you making progress? Do you have a plan?Let's talk about 5 ways to recharge your financial goals this year.What financial goals did you set for yourself last year? Which ones did you achieve and which are you still working on? Which ones do you need to work on first?What goals no longer serve you? Life changes every year. Our goals do too. Let it go ...

Welcome to the Women's Wealth Canada podcast, where we discuss everything related to government retirement benefits in Canada. In this episode, Glory Gray discusses everything you need to know about the Canadian Pension Plan or CPP, Old Age Security or OAS, and the Guaranteed Income Supplement or GIS.In this episode, she will give an overview of both CPP and OAS, including how they are funded, what the maximum benefit amount is, and some of the advantages and disadvantages of starting CPP ear...

This week on the Women's Wealth Canada Podcast, we are talking about How to Plan for Changes in your Health and Lifestyle in Retirement. As you make plans for retirement, it's important to remember that your health and lifestyle needs may change over time. One of the first things you'll need to do is to prepare a financial plan when meeting with a financial planner. This will give you an idea of your cash flow requirements over the years for the rest of your life. You'll need to kno...

In this episode of the Women's Wealth Canada Podcast, we sit down with Jennifer Leach Sandford, a lawyer specializing in wills and estates. Jennifer shares valuable insight into the importance of having a will in place and when is the best time to prepare one, especially if you have a health diagnosis that may lead to progressive illness.We also delve into the differences between a will, power of attorney, and healthcare directives. While a will provides instructions for the distribution of y...

Welcome to "Simple Estate Planning for Everyone," where we break down the complexities of estate planning so that everyone can understand and take control of their future.Our guest Jennifer explains that a will is a document expressing an individual's wishes about what happens to their assets after their death, and it can be changed as long as the person has the capacity to make rational decisions. We also dive into planning techniques that can be used to ensure that one's wishes and instruct...

Just this week the news broke about investment powerhouse JP Morgan falling prey to a scam as it invested millions of dollars in a scam business called Frank, a college financial planning platform.It seems appropriate that we are looking at ways that you can protect yourself from investment scams. We will look at Ponzi schemes including the Madoff Plan (did you know actor Kevin Bacon got caught in that one) as well as several lesser known schemes and share some practical and tactical ti...

We are starting Season 3 - be sure to subscribe so you don't miss any of our top tips for financial fitness.In this episode, we are looking at recent changes made to home buying that make it even easier for first-time buyers. Plus, we've got some top tax tips for 2023 that you won't want to miss!See you inside--------------Season Three, Episode One - Looking to Buy a First Home? It Just Got Easier. Plus, Tax Tips for 2023--------------Resources MentionedFit Desk link to AmazonList...

This month on the Women's Wealth Canada podcast, we are continuing to explore how your relationship status affects your retirement planning. Over the past few episodes, we have looked at both remarrying and divorce - but what if you are single? You may be asking yourself, "exactly how much do I need to retire as a single person in Canada?"See you inside--------------Season Two, Episode Eight - How Much Does a Single Person Need to Retire in CanadaResources Mentioned in the ShowChe...

In our last episode, I explored how remarrying later in life can impact your financial situation and decisions. Today, we will explore another change you may be facing ... divorce. If you (or a friend) are contemplating, in the middle of, or just curious about how divorce can impact you financially, then this episode is for you. I'm talking with Bettina Plendl on how to avoid the Financial Mistakes of Divorce.See you inside--------------Season Two, Episode Seven - Avoiding t...

Are you entering into a second marriage later in life? Merging households, blending families, and planning how to combine and consolidate finances can be complicated. Today, I'm sharing with you the 5 Steps to a Happy Second Marriage along with some personal stories about how Squatch and I have navigated our relationship. See you inside--------------Season Two, Episode Six - The Second Time Around: Five Steps to a Happy Second MarriageResources⚡ Webinar with Stefa Katamay, N...

This week I am focusing on TFSA's and clearing up some common misunderstandings to help you ensure you maximize the benefits you achieve from your investment portfolio. One of the most common questions I get as a wealth advisor is: “Which type of retirement account should I put my money into…an RRSP, which is a Registered Retirement Savings Plan, or a TFSA, which is a Tax Free Savings Account? Which one should you put your money into? Here's what you need to know to make the right decision fo...

Saying no is hard. From kids, to partners, to work or to self care, everyone else's needs and wants seem to matter more than yours. If you find it challenging to prioritize yourself, chances are you might be struggling with setting boundaries. Today, I explore the issue of Women and Boundaries with Antonia Medeiros, Life Coach.Our GuestAntonia Medeiros' love of stories led her to her current business as a Life Coach specializing in Feminine Empowerment. She has an upcoming course called ...

Earlier this season, I shared with you a few life stories of my clients. These are women who have gracefully navigated life and used their wealth as tools for living a beautiful life. But I'll bet there are some things they wish they had told their younger selves. And if they had shared this wisdom with the younger selves, maybe they would have gotten farther ahead in their goals. Or maybe they just would have done things differently. Here to talk about that subject is Lisa Hannam. ...

Hosted by Glory Gray of Glory Gray Wealth SolutionsHow are you sabotaging yourself and keeping yourself from reaching your greatest potential? Are you sitting around feeling that something just isn’t right? Do you believe there is more to life than just existing? There have been many studies done that show, no surprise, a lack of money can be a huge stressor in our lives. Come listen in as I speak with Denise Belisle on how to stop the self-sabotage. Denise Belisle is a Certified Mental Fitne...

Stories from the Trenches: What My Clients Have Taught Me | Women's Wealth Canada PodcastHosted by Glory Gray of Glory Gray Wealth SolutionsLearn from women who have retired or are nearing retirement about what they wish they had known before making this life-changing decision. Whether you're just starting out or are already in retirement, these insights will be invaluable.00:00:28 Overcoming Financial Challenges: Hear from 3 Inspiring Women00:01:09 Glory...

Hosted by Glory Gray of Glory Gray Wealth SolutionsWishing you and yours a wonderful festive season! We'll be back for more Women's Wealth Canada episodes in 2022. Happy Holidays!Hosted by Glory Gray📖 Women's Wealth Canada Blog📽 The Real Questions to Ask Before You Retire 🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor👉 Free Wealth Consultation🍏 Join our Community - Client Application Form Website: GloryGray.com Facebook: @GloryGrayWealthSolutionsLinkedIn: Glory Gray MusicBackgr...

Hosted by Glory Gray of Glory Gray Wealth SolutionsAll the money that we saved to live a great retirement will be worth nothing if we don’t have our health. With that in mind, I’m excited to welcome today’s guest, Charlotte Crowley, Registered Holistic Nutritionist and yoga instructor. We'll discuss:What ONE change to your diet can you make that will make a big difference to your health?What diet is right for you?Life is busy! How can you make eating healthy easy?What are some smart snack cho...

Hosted by Glory Gray of Glory Gray Wealth SolutionsIn this episode, we'll cover some top tax tips to get you ready for year end. Top ways retirees can save on taxesLittle known tax credits you can take advantage ofAvoiding OAS clawbackImportant tips especially for womenHosted by Glory Gray📖 Women's Wealth Canada Blog📽 The Real Questions to Ask Before You Retire 🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor👉 Free Wealth Consultation🍏 Join our Community - Client Application...

Hosted by Glory Gray of Glory Gray Wealth SolutionsIn this episode, we peel back the complicated layers of finding financial advice in Canada. Do you even need a financial advisor?How to make 2.73 times MORE moneyFinding the right advisor for youResources in this episode:The Gamma Factor and the Value of AdviceHosted by Glory Gray📖 Women's Wealth Canada Blog📽 The Real Questions to Ask Before You Retire 🔻12 Smart Questions to Ask When Interviewing a Wealth Advisor👉 Free Wealth Consultatio...

Hosted by Glory Gray of Glory Gray Wealth SolutionsOur home is often our biggest asset. But it can be hard to access that value when we need cash. Rita Cousins of the Cousins Mortgage Team at Mortgage Architects is here to help you find ways to squeeze money from your home!What's the difference between a Reverse Mortgage and a HELOC?The one thing Rita recommends we do BEFORE we retire.How applying for a mortgage on an investment property is different than applying for a mortgage on your...

Today we want to mention another great Canadian podcast, "Focus and Freedom for Entrepreneurs," hosted by Val Low. Val is a digital & efficiency expert who helps entrepreneurs clear the business clutter and thrive. Through her Focus&Freedom™ Method many entrepreneurs have experienced more focus, time and freedom.Val shows entrepreneurs how to calm the overwhelm and distractions with focus and efficiency strategies and tools that enable them to have the freedom to do the things th...

Are you at a crossroads and wondering what’s next for you? Well, you’re in luck, because Certified Retirement Options™ Coach, Stefa Katamay, is my special guest today. Join us as we tackle the REAL questions you should ask yourself before retiring. Why life transitions like retirement should be viewed in five year chunks of timeWhy do we wait until we’re in our sixties before we seem to hit our stride? What was happening before then?FIRE (Financial Independence Retire Early) and the "new...

Want to donate to your favourite charities using the secrets of Canada's wealthiest families? We've got you covered!Today, we're talking with Carol Bezaire, Vice President of Tax, Estate and Strategic Philanthropy at Mackenzie Investments. In this episode, we'll talk about:Who gives to charities in Canada?What are the tax benefits of giving to charity? How do Charitable Tax Credits work and how much can I save?What if an individual client donates securities instead of cash? How does...

Does it make more financial sense to Lease or Buy your next new car? Glory tackles this frequently-asked question with guest David Gray (aka Squatch.) We'll cover these topics:How does a lease work?Do some brands lease better than others?How can leasing help business owners?How can auto accidents affect my trade in value?Is it better to lease or buy a battery/electric powered vehicle?Also in this episode: New studies on women vs. men and net worth in Canada.Resources in this episode:Davi...

Today, we're wrapping up our series, "A Girl Needs Cash." We’re talking about all the different sources of cash income you can create for yourself to support your lifestyle after the pay cheques of your full-time working years stop coming in.Ways to make money from your own homeUncommon ways to invest in real estateResources in this episode:Expatistan.comNumbeo.com"Mindful Spending Plans and the 4% Rule" by Glory Gray"A Girl Needs Cash: Pensions and Government Benefits" The Women's Wealth Can...

A girl needs cash, and that’s the name of the series we’re continuing today. We’re talking about all the different sources of cash income you can create for yourself to support your lifestyle after the paycheques of your full-time working years stop coming in.Is the stock market just a big casino?How to build a regular monthly pay cheque with dividendsHosted by Glory Gray📖 Women's Wealth Canada Blog📽 The Real Questions to Ask Before You Retire 🔻12 Smart Questions to Ask When Interviewing a We...

A girl needs cash, and that’s the name of the series we’re continuing today. We’re talking about all the different sources of cash income you can create for yourself to support your lifestyle after the paycheques of your full-time working years stop coming in.How to maintain your sanity when it comes to managing your nest eggHow to get a bigger paycheque so you can pay yourself moreHosted by Glory Gray📖 Women's Wealth Canada Blog📽 The Real Questions to Ask Before You Retire 🔻12 Smart Question...

A girl needs cash, and that’s the name of the new series we’re starting today. We’ll talk about all the different sources of cash income you can create for yourself to support your lifestyle after the paycheques of your full-time working years stop coming in. Splitting pension incomeWhen should you take CPP income payments?When should you take OAS income payments?Resources in this episode:How to read an annual pension plan statementBC Public Service Pension PlanEstimated CPP payments fro...

Our series: Beyond the City Lights: Healthy and Wealthy in a Small Town continues with my interview with Career and Life Transition Coach, Sue Maitland.We discuss:How Sue made a bold move to Victoria, BCCommon mistakes people make when considering moving to another townFinding the hidden job marketHow to network to find your tribeResources in this episode:Sue Maitland, Certified Life and Career Transitions CoachSue Maitland Website Incidental music:Feelin' Good by Purple Planet MusicHos...

Are you considering a big move away from the city but are wondering what it’s like and how to do it while making smart financial choices for your family? You can have a great active life in a safe area, balancing work hours with time hiking and kayaking. And you can do it in a way without going broke. To help you in this journey, we’re starting a new series called: Beyond the City Lights: Healthy and Wealthy in a Small Town.To kick things off, Realtor Karen Kenyon with Royal LePage Parks...

In the previous episodes of our series, we’ve talked about what retirement will look like for you. We covered how you can create a budget, or what I like to call a “mindful spending plan.” We learned about the 4% rule and how it helps you figure out how much money you need to retire. Today we’re going to give you some final tips before you make your move.Deciding where you’ll live and the cost of living in your new community. Rent a home or buy a home? What to do with a lump sum: Pa...

Today, we’re continuing our Downsizing series. In Part Two, we’ll answer the question: "Do I have enough money to retire?"Is it true everyone needs one million dollars to retire?Creating a "Mindful Spending Plan" for your retirement.What is "The 4% Rule?"Resources in this episode:"The Real Retirement" by Bill Morneau and Fred VetteseOSC Get Smarter About Money Budgeting WorksheetMint.com"Do You Have Enough Money to Retire?" by Glory GrayHosted by Glory Gray of Glory Gray Wealth Solutions.GET ...

Today, we’re starting our new Downsizing series. In Part One, we’ll talk about the big picture, envisioning this life you want to create for yourself.Which type of retiree will you be? How can you best prepare for success in retirement?Top tips before you take the leap!Resources in this episode:"The Nine Types of People You'll Meet in Retirement" by Advance Capital ManagementHome Exchange TuGO Travel InsuranceBCAA Travel InsuranceGreen Shield Supplemental Health InsuranceHome Trust Preferred ...

Why "Women's Wealth Canada?" Glory explains how the podcast got started and what you can expect.We’ll talk about many of the money challenges and opportunities women just like you are facing. We’ll speak with experts who can answer your questions about money in all the areas of your life.Questions like: How do I provide a legacy for my children and grandchildren and how do I teach them about using money as a tool in their lives. How do I protect my investments in retirement and keep...

In this podcast, we’ll talk about many of the money challenges and opportunities Canadian women just like you are facing. We’ll speak with experts who can answer your questions about money in all the areas of your life. And we’ll do it by sharing stories of people who’ve been there, planning for their next life chapter.We'll answer questions like: How do I provide a legacy for my children and grandchildren and how do I teach them about using money as a tool in their lives. How...