Our guest this episode is Jason Heath—Managing Director at Objective Financial Partners and one of Canada’s most respected fee-only/advice-only financial planners.
In this episode, Dave and Jason cover the foundations of financial planning in Canada, tackling hot-button topics like RRSPs vs. TFSAs, reverse mortgages, annuities, CPP/OAS timing, insurance planning, estate-planning pitfalls and more. They also discuss how to prioritize financial goals, avoid common mistakes and build a plan that actually works in the real world.
Whether you’re planning for retirement, building your financial future or just want a clearer understanding of how all the pieces fit together, this episode is a masterclass in financial planning.
Show Notes
(00:00) Intro & Disclaimer
(00:55) Intro to Jason Heath
(03:00) The Rising Cost of Living in Canada
(05:00) The Pros and Cons of Getting Financial Information from Finfluencers
(10:06) Investing vs. Financial Planning
(12:47) Objective Financial Partner’s Clients and Services
(15:10) Estate Planning
(18:41) Reverse Mortgages Get a Bad Rap
(21:04) Use Cases for Annuities
(24:24) People Don’t Want to Listen to the Experts and Defer CPP and OAS
(25:31) TFSAs vs. RRSPs
(27:54) Decumulation Planning for Retirees
(33:01) Disability Insurance
(35:29) Life Insurance
(40:04) Gifting Money to Kids
(41:52) Estate Planning Mistakes
(44:24) The Importance of Prioritization in Financial Planning
(49:34) Financial Education and Finding Balance
