The Wealthy Barber Podcast #27 — Jason Heath: Financial Planning 101
Oct 7, 2025
In this conversation, Jason Heath, a leading fee-only financial planner in Canada, tackles essential aspects of personal finance. He discusses the pros and cons of different savings accounts, like RRSPs and TFSAs, and sheds light on reverse mortgages and annuities as retirement tools. Jason emphasizes the importance of deferring CPP/OAS for better income and cautions against trusting finfluencers. He also addresses estate planning pitfalls and the necessity of prioritizing financial goals while balancing saving with enjoying life. A must-listen for anyone planning their financial future!
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Info Overload Masks Personalization
- Technology and more account options have increased access to financial information but created overload for many people.
- Jason Heath warns personal finance is truly personal and one-size-fits-all rules often fail.
Use Planners For Holistic Coordination
- Use a planner for tax, estate and retirement coordination while an investment manager handles portfolio execution.
- Ask your advisors hard questions and demand coordination across tax, estate and investment specialists.
Prioritize Tax Planning
- Learn tax rules: tax planning often delivers bigger gains than choosing riskier investments.
- Prioritize minimizing and smoothing taxes during life and at death to boost net returns.
