Aaron Hector

Aaron Hector, Founding Partner of TIER Wealth and President of the Institute of Advanced Financial Planners, shares his expertise in personal finance. He discusses clever methods to optimize RESP withdrawals and the benefits of gifting tax deductions to help kids buy homes. The conversation also covers essential topics like when to defer RRSP contributions, the necessity of a will for every Canadian, and the key differences between beneficiaries and successor holders. Packed with actionable advice, this discussion aims to enhance financial literacy and estate planning strategies.

Aaron Hector, a senior wealth advisor and founding partner of TIER Wealth, shares his expertise on estate planning essentials. He explains the importance of wills, powers of attorney, and healthcare directives for all adults. The conversation highlights the challenges of choosing an executor, including potential family conflicts and the value of local executors. Listeners learn why proactive estate planning can minimize tax burdens and ensure wishes are honored, all while encouraging regular updates to your estate plan.