The Empowered Investor

What role do expectations and consumer culture play in shaping our financial well-being? How can we make smarter, long-term decisions that align with a meaningful life rather than short-term gratification? What lessons can we draw from those who've found financial independence through simplicity and intentionality? These are just a few of the powerful questions explored in today's episode. Marcelo Taboada sits down with acclaimed La Presse journalist Nicolas Bérubé to explore the deeper intersection between money, happiness, and our daily decisions. They examine popular topics from Nicolas' widely read weekly financial columns, challenging us to think critically about how we spend, save, and define success. This episode offers grounded wisdom for both younger listeners and seasoned professionals, covering everything from car buying habits and Uber Eats culture to the importance of gratefulness and long-term planning.Thank you for tuning in!Key Topics:● Introduction and guest background on Nicolas Bérubé (0:00)● Nicolas' early journey into journalism and passion for financial writing (3:50)● The clarity and communication style that sets Nicolas apart (7:41)● The origins and purpose of his column “L'argent et le bonheur” (11:32)● How Canadians are reacting economically and emotionally to the US political climate (15:23)● Choosing Canadian goods and reflecting on local economic impacts (19:14)● On gratitude, health, and redefining wealth (23:05)● The paradox of modern abundance and mental health struggles (26:56)● Uber Eats, luxury spending, and opportunity cost in everyday life (30:47)● Personal finance through the lens of real choices and trade-offs (34:38)● Hedonic vs. eudemonic happiness and the pull of social media (38:29)● What today's habits reveal about future financial independence (42:20)● Creating a meaningful life through intentional daily actions (46:11)● Lifestyle inflation, children's expenses, and thoughtful consumption (50:02)● The power of compound interest and long-term financial vision (53:53)And much more!Mentioned in this Episode:From Zero to Millionaire by Nicolas BérubéLes millionnaires ne sont pas ceux que vous croyez by Nicolas BérubéLa Joie et le Bonheur by Nicolas BérubéPodcast: Maximizing Life Satisfaction and Happiness with Author Andrew HallamMillionaire Teacher by Andrew HallamTulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google,

What sparked the most dramatic stock market volatility in recent memory? Why did tariffs suddenly become the centerpiece of U.S. economic policy? How should investors respond when uncertainty hits at lightning speed? We explore all of this—and more—in today's deep dive on market turmoil triggered by Trump's sweeping tariff announcements. Keith Matthews and Marcelo Taboada break down the global shockwave of “Liberation Day,” explain how markets and investors reacted, and offer critical lessons on staying invested when storms hit. From VIX surges to record—setting daily returns, they connect the dots between policy, volatility, and long-term perspective. If you've ever felt anxious during a market correction - or wondered if “this time is different”—this episode will guide you through the recent market turbulence with evidence-based insight and calm.Thank you for tuning in!Key Topics:● Today's show focuses on recent market volatility and U.S. tariff policy (0:55)● Marcelo introduces the geopolitical backdrop and tariff volatility (1:34)● Liberation Day and Trump's tariff announcement explained (2:56)● Historical impact and global scale of the tariffs (3:30)● VIX and other measures of market fear during this period (3:48)● S&P 500 drops 10% in two days after Liberation Day (4:13)● Market expectations before the announcement were wrong (4:59)● Global reach and economic shock of the announced tariffs (5:20)● Canada, EU, Japan, China: Who was affected and how (5:38)● VIX compared to past crises like COVID and 2008 (6:06)● How the bond market reacted and its deeper message (6:33)● Reversal of tariffs and a 90-day pause sparks 9.5% S&P rebound (7:55)● Lessons on timing the market and importance of staying invested (16:58)● Performance failures of tactical asset allocation strategies (19:13)● How markets recover after recessions and bear markets (24:03)● Evidence-based investment philosophy and long-term planning (28:22)And much more!Mentioned in this Episode:Dimensional Report: Navigating Market VolatilityTMA Report: Shifting Allocations is the Wrong StrategyTulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. Feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media: LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and

Are you ready for tax season? Do you know the key deadlines and the essential documents you need to file your 2024 tax return? Have you explored all the deductions and tax relief options available to you? In this episode, Keith Matthews and Andrea LeRoyer guide you through a structured approach to preparing your taxes efficiently. From crucial deadlines to tax-saving opportunities, they cover everything you need to stay compliant and optimize your return. They also discuss major changes for the 2024 tax season, including updates on the capital gains inclusion rate, home flipping rules, and the latest home buyer plan withdrawal limits. Whether you're a salaried employee, self-employed, a retiree, or a parent, this episode provides a simple and practical framework to handle your taxes effectively. Don't miss this essential conversation to help you file your 2024 return with confidence!Thank you for tuning in!Key Topics:Overview of the 2024 tax season (0:39)Introducing co-host Andrea LeRoyer and her background in tax and finance (1:47)Five key points covered in this episode (2:02)April 30: General filing deadline (3:21)June 16: Self-employed individuals' deadline (4:19)Income slips (T4, T4A, T3, T5, etc.) (4:50)Notice of Assessment: Why it matters (5:35)Installment payment summaries (6:58)Childcare and activity credits (8:42)Tuition and education-related deductions (9:43)Medical expenses and insurance coverage (11:01)Charitable donation changes and extended deadline (13:36)Home office deductions: Employees vs. self-employed (14:28)Tax credits for home support services (16:45)Caregiver tax credits (17:19)Multigenerational renovation tax credit (17:44)Disability tax credit and eligibility (20:08)Changes in relationship status (22:09)Moving, renting, or selling property (23:02)Foreign asset ownership and T1135 requirements (24:03)Capital gains inclusion rate update (25:48)Short-term rental compliance rules (26:47)Home Buyers' Plan withdrawal increase (27:57)New tax rules for property flipping (29:10)Crypto asset reporting for Quebec residents (30:26)Alternative Minimum Tax (AMT) updates (31:26)Final tax season tips & best practices (32:20)Closing thoughts & embracing tax season (32:51)And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. Feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media: LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and

Have you ever wondered if moving your portfolio allocations around can lead to better returns? To help answer this question, one just needs to look at how tactical asset allocation (TAA) funds have performed over time. Have these TAA funds really helped investors navigate market uncertainty? In today's episode, Keith and Marcelo break down a compelling new study from Morningstar that examines the long-term performance of tactical asset allocation funds. With a data-driven approach, they discuss how these funds performed over different market cycles, what role predictions play in their effectiveness, and how investors should think about market timing or shifting allocations. What can individual investors and advisors learn from the poor performance to TAA funds on how they manage their own or clients accounts? Join us as we analyze the risks, returns, and emotional biases behind tactical asset allocation, and reveal why a structured, long-term investment strategy may be the best approach for most investors.Thank you for tuning in!Key Topics:Introduction to tactical asset allocation funds (3:19)How these funds differ from strategic asset allocation (5:15)Morningstar's latest research on performance (7:06)The underperformance of tactical funds over time (9:00)Examining risk: More volatility, lower returns (15:17)Why market predictions often fail (22:16)Major firms' incorrect forecasts for 2024 (25:23)The psychological traps that cause investors to underperform (20:17)Lessons from history on the unpredictability of events (27:17)Key takeaways: Why "doing nothing and staying the course" is often the best move (28:28)Closing thoughts on long-term investment success (29:59)And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesWhy Tactical-Allocation Funds Failed—Again | MorningstarThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. Feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media: LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

What role does psychology play in financial decision-making? How can behavioral biases influence your investment success? And what does it truly mean to find purpose and meaning in wealth? Marcelo Taboada welcomes Daniel Crosby, a renowned behavioral finance expert and author. Together, they explore the psychology of investing, how money and happiness intersect, and the core principles behind his latest book, The Soul of Wealth. Join us as we uncover how your mindset impacts financial success, the biggest behavioral biases to avoid, and the philosophical shift needed to make wealth truly meaningful.Thank you for tuning in!Key Topics:Introduction to Daniel Crosby and his work (0:00:00)The intersection of psychology and finance (0:02:07)Daniel's career shift from psychotherapy to finance (0:04:00)Behavioral biases that impact investing (0:07:32)The inspiration behind The Soul of Wealth (0:10:45)Can money buy happiness? A research-backed answer (0:14:23)The importance of social connections in wealth and happiness (0:17:56)How hedonic adaptation affects our financial decisions (0:20:35)Why experiences often provide more joy than material goods (0:24:10)The role of generosity in wealth fulfillment (0:27:45)The biggest financial regrets people have (0:30:33)How the PERMA model applies to financial well-being (0:33:29)The shifting perspectives of younger generations on wealth (0:38:10)Practical strategies for a meaningful financial life (0:41:30)And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesThe Soul of Wealth by Daniel CrosbyThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. Feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media: LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

What happens when unexpected tariffs are imposed on a country? How do they impact businesses, consumers, and the economy at large? And most importantly, what should investors do to navigate uncertainty during times of trade tensions? In this episode, Keith and Marcelo break down the political and economic fallout, exploring the history of tariffs, their impact on trade, and potential consequences for both the Canadian and the U.S. economy. They discuss market reactions, investor strategies, and why this trade dispute could reshape Canada's economic future, with possible silver linings amidst the economic turbulence. If you're an investor, business owner, or simply someone looking to understand how these global events might impact your financial future, this episode provides a well-rounded perspective on the situation. Tune in for valuable insights on how to navigate uncertainty and what investors should consider moving forward.Thank you for tuning in!Key Topics:Introduction to the episode and overview of the current tariff situation (0:39)The political landscape leading up to the tariffs and the unexpected announcement (1:51)Breakdown of U.S. tariffs on Canada and the retaliatory response (2:40)Economic justifications given for the tariffs and their validity (3:42)The history of U.S.-Canada trade relations and past tariff disputes (7:54)The Smoot-Hawley Tariff Act of the 1930s and its devastating impact (8:05)Analysis of the U.S. steel and aluminum tariffs in 2018 (8:24)The softwood lumber dispute and its long-term effects (9:31)The business community's reaction in both Canada and the U.S. (10:17)The economic consequences of tariffs—growth, unemployment, and inflation (14:04)Predictions from economists regarding Canadian GDP, inflation, employment and the dollar (14:19)The potential for a global trade war and its broader consequences (19:08)Investor concerns and how markets have responded (22:01)The possibility of Canada expanding trade relationships with other nations (24:40)Calls for a stronger Canadian economy and removing interprovincial trade barriers (25:04)How tariffs might actually encourage national unity and economic independence (26:46)The role of productivity and innovation in Canada's long-term economic strength (27:11)Investment takeaways: staying diversified, avoiding predictions, and focusing on long-term resilience (28:56)The George St-Pierre analogy—turning adversity into strength (30:20)Final thoughts and sign-off (31:16)And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. Feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media: LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook,

In this episode, Lawrence Greenberg and Jackson Matthews provide a comprehensive guide to the various types of investment accounts available to Canadians. From foundational accounts like TFSAs and RRSPs to specialized options like RESPs and RDSPs, the hosts outline how each account works, who they are best suited for, and common misconceptions. Whether you're saving for retirement, education, or your first home, this episode offers practical insights to maximize your financial strategy in 2025.Thank you for tuning in!Key Topics:Purpose of the episode: Navigating Canadian investment accounts. [00:01:00]Deep dive into Tax-Free Savings Account (TFSA). [00:01:47]Common misconceptions about TFSAs. [00:03:36]Registered Retirement Savings Plan (RRSP) basics. [00:04:32]Updates to the homebuyers' plan within RRSPs. [00:07:18]RRSP suitability for moderate to high-income earners. [00:09:05]Registered Education Savings Plan (RESP) explained. [00:10:05]Taxation on RESP withdrawals and planning tips. [00:12:33]Registered Disability Savings Plan (RDSP) overview. [00:14:07]Importance of RDSPs for qualifying individuals. [00:15:35]First Home Savings Account (FHSA) – a new tool for homebuyers. [00:16:05]FHSA eligibility and misconceptions. [00:18:35]Non-registered investment accounts and their tax implications. [00:20:05]Corporate investment accounts and holding companies. [00:22:10]Individual Pension Plan (IPP) for high-income earners. [00:23:02]Key takeaways and planning advice for the new year. [00:24:10]And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

What were the key financial trends that shaped 2024? How did the markets perform across various asset classes? And what can investors learn from a decade of market data to position themselves for the future?In this episode, Keith Matthews and Marcelo Taboada provide a comprehensive breakdown of 2024, from asset class returns to geopolitical and economic factors that impacted the markets. Marcelo shares personal milestones from the year, while Keith discusses lessons learned from market trends and the importance of diversification amidst narratives of "U.S. exceptionalism."They also address what the performance of the last decade reveals about long-term investing, touching on inflation, interest rates, and the resilience of global stock markets.Join us as we reflect on the past and look forward to 2025, equipping you with essential insights to remain grounded and confident in your investment strategy.Thank you for tuning in!Key Topics:Introduction and Personal Highlights (0:00)Marcelo's milestone: Becoming a new parent (1:17)Marcelo becoming a shareholder at Tulett, Matthews & Associates (2:10)Keith's personal life update: Downsizing and moving to a smaller home (3:02)Overview of 2024 asset class returns (5:00)Cash and bonds performance (5:45)Stock market highlights: Canadian stocks up 21.6%, U.S. stocks up 35.6% (6:18)REITs performance: Global REITs vs. Canadian REITs (6:52)Currency impact: Canadian dollar depreciation vs. USD (7:44)60/40 portfolio recovery after the tough 2022 market (8:02)Interest rate cuts: Bank of Canada vs. U.S. Federal Reserve (9:32)Inflation trends and economic outlook (10:37)U.S. exceptionalism and the Magnificent Seven's market dominance (13:00)Performance comparison of global markets over the past decade (14:30)Lessons from the U.S. stock market's “lost decade” (2000–2010) (18:08)Bonds vs. inflation over the past decade (22:04)Political events and democratic elections in 2024 (24:12)The importance of diversification and resisting market narratives (26:01)Final reflections and optimism for 2025 (28:03)And so much more!Mentioned in this Episode:Tulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

Have you ever wondered how to break into the challenging housing market as a first-time homebuyer? What strategies can help you secure your first property when affordability seems out of reach? How can creative financing and renovation techniques transform your homeownership experience?In today's episode, Keith Matthews and real estate expert Sean Broady from the Broady Windsor Group share insights on navigating today's real estate landscape. From practical home-buying tips to financing strategies, Sean offers an optimistic perspective on how anyone can enter the market with the right approach.Join us as we explore real-world stories, strategies for saving, and actionable tips for first-time buyers and their families. This episode is essential listening for anyone considering homeownership or supporting loved ones on their home-buying journey.Thank you for tuning in!Key Topics:Introduction to home-buying challenges (00:00:10)The evolving profile of first-time homebuyers (00:07:12)What to look for in a starter home (00:09:45)Renovation strategies that add the most value (00:10:35)When to buy: timing and market cycles (00:15:45)Innovative home-buying approaches (00:17:15)Partnering with friends or family for homeownership (00:18:33)Financing options and government programs (00:31:15)Vendor financing explained (00:38:04)Creative ways to save for a down payment (00:34:22)Managing homeownership costs and risks (00:33:45)How long to stay in a first home before upgrading (00:42:20)Real estate as a side hustle for wealth building (00:45:10)Key takeaways for first-time buyers and families (00:47:25)And so much more!Mentioned in this Episode:Tulett, Matthews & AssociatesBroady Windsor GroupThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Have you ever wondered if investing in emerging trends, like AI or green energy, could give you an edge? Are thematic investments a smart choice for long-term success? What are the potential pitfalls, and how can investors avoid them? In this episode, we explore these questions and more.Keith Matthews and Marcelo Taboada examine the appeal of thematic investing, looking at why it draws investors in and why it may often fall short. They discuss findings from a recent Morningstar report that highlights the returns—and missed returns—associated with thematic strategies, shedding light on how timing and trends impact investors' outcomes.Tune in to learn the do's and don'ts of thematic investing and how a balanced approach can help you achieve your financial goals without chasing the latest investment craze. Thank you for tuning in!Key Topics:Introduction to thematic investing (0:57)Defining thematic investing and its focus on macro trends (2:05)Why fund companies promote thematic investments and the impact of fees (3:12)Key challenges in thematic investing: the allure of trends and timing (3:47)Discussion on the "buy-low, sell-high" difficulty in thematic strategies (4:28)The Morningstar report on thematic fund returns and investor outcomes (5:20)Differences between time-weighted and dollar-weighted returns explained (6:12)Significant return gap in thematic investing (6:52)"Mind the Gap": Morningstar's analysis on investor returns vs. fund returns (7:25)Historical themes and their outcomes, from the Nifty Fifty to BRIC (10:05)Importance of fees in thematic investing and their effect on returns (11:45)ARK Innovation Fund example: performance gaps and timing issues (15:13)Dangers of chasing manager performance and its parallels with thematic investing (17:52)Strategies to avoid thematic investing pitfalls (20:12)Discussion on "Core and Explore" strategy and why it often fails (21:30)Final takeaways on resisting the urge to chase trends (22:45)And so much more!Mentioned in this Episode:Morningstar: Navigating the Global Thematic Fund LandscapeMind the Gap 2024: A Report on Investor Returns in the USTulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn,

Do presidential elections determine the stock market's performance? Is there a difference in returns between Republican and Democrat administrations? In today's episode, Marcelo Taboada and Jackson Matthews break down the data from past elections and examine the long-term impact—or lack thereof—of political events on the stock market. How does human ingenuity shape market outcomes, and what lessons can investors learn from history?Join Marcelo and Jackson as they dive into key historical periods, such as the Great Depression, World War II, and the COVID-19 pandemic, to explore how markets react in times of crisis and growth. They also address common misconceptions about the stock market and offer a fresh perspective on investment strategies in the face of political change.Thank you for tuning in!Key Topics:Introduction to election and stock market discussions (0:00)Common misconceptions about U.S. elections and market volatility (1:12)Understanding market resilience despite political changes (2:07)Long-term market trends through various U.S. elections (3:01)The effects of social media and news on investor sentiment (3:50)Discussion on Federal Reserve's role vs. presidential impact on the market (5:00)Case study: The 2016 election and market predictions (7:15)Historical examples of market reactions during past elections (8:45)Insights from major historical events (Great Depression, WWII, etc.) (9:23)The stock market during FDR's presidency (9:57)Economic resilience during Truman and Kennedy administrations (10:45)The Bush era and market behavior during 9/11 and the 2008 financial crisis (11:56)The importance of staying invested despite political events (12:45)Trends during Trump's presidency and the COVID pandemic (13:46)Impact of macroeconomic events and technological advancements (14:32)Discussion on human innovation and economic recovery (15:05)Summary of key takeaways on long-term investing (17:02)Closing remarks and advice for investors during election years (17:50)Personal updates: Marcelo on fatherhood and Jackson's engagement (18:02)And so much more!Mentioned in this Episode:Tulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

Are you or a loved one facing the challenges of long-term financial planning with a disability? Wondering how to secure a stable future while navigating government benefits? The Registered Disability Savings Plan (RDSP) could be the answer you're looking for.Hosts Lawrence Greenberg and Jackson Matthews break down the complexities of the RDSP, explaining how it offers significant government support through income-based grants and bonds, making it a powerful savings tool to help Canadians with disabilities secure their financial future.With tax-deferred growth, matching grants, the ability for multiple family members to contribute and bonds for low-income families, the RDSP allows for faster savings growth.Lawrence and Jackson discuss the RDSP's complexity and the need for expert guidance to fully leverage its potential. Whether you're planning for yourself or helping a family member, the RDSP can be a game-changer for securing a better financial future.Thank you for tuning in!Key Topics:Overview of the RDSP and its importance (1:03)Eligibility requirements for the RDSP (2:02)How the RDSP functions as a hybrid account (2:57)Who can be a beneficiary of the RDSP? (3:27)Contribution limits and rules for the RDSP (4:01)Details of the Canada Disability Savings Grant (4:59)Income thresholds and grant matching (6:02)Canada Disability Savings Bond explained (7:06)Catch-up provisions for missed contributions (9:01)Withdrawal rules and tax implications (10:01)Benefits of the RDSP compared to other accounts (12:00)Takeaways and final thoughts on the RDSP (13:10)Closing remarks and call to action (14:00)And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. Feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media: LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

Have you ever wondered how the Disability Tax Credit (DTC) can assist Canadians with disabilities and their families? What are the challenges involved in applying for this underutilized credit? How can one effectively navigate the application process to maximize benefits? These and more questions will be explored in today's episode.Host Lawrence Greenberg sits down with Christine Brunsden, CEO of Benefits2, to discuss the Disability Tax Credit—a powerful yet often overlooked resource for Canadians. Christine delves into the intricacies of the DTC, clarifying eligibility requirements, debunking common misconceptions, and revealing the broader benefits it can unlock.The conversation also sheds light on how aspects of aging, such as mobility issues, cognitive decline, and incontinence, as well as chronic illnesses like diabetes, can qualify as disabilities under the DTC. Christine offers practical advice on navigating the application process and underscores the importance of educating both professionals and the public about this valuable financial tool.Whether you're exploring the DTC for yourself or a loved one, this episode provides essential insights into obtaining financial support for those with disabilities.Thank you for tuning in!Key Topics:Introduction to the Disability Tax Credit (0:39)Misconceptions about the Disability Tax Credit (1:21)The role of physicians in the application process (3:16)Eligibility criteria for the Disability Tax Credit (6:02)The importance of understanding 'severe and prolonged impairment' (6:29)Retroactive application of the Disability Tax Credit (9:57)The complexities of the T2201 application form (10:54)How Benefits2 assists with the application process (13:38)Common challenges faced by applicants (14:29)Importance of education and awareness about the credit (19:17)Dementia and other cognitive impairments on Disability Tax Credit eligibility (22:16)​Services offered by Benefits2 (26:42)The impact of cognitive decline and aging on eligibility (26:56)Overlooked disabilities and the importance of seeking help (29:03)Final thoughts on overcoming stigma and pursuing the Disability Tax Credit (35:12)And so much more!Mentioned in this Episode:Tulett, Matthews & AssociatesBenefits2Thanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and

How should investors react to recent market volatility? What are the lessons from Intel's rise and fall that modern investors can learn from? Is diversification really the key to long-term success?In this episode, Keith and Lawrence dive into the recent bouts of market volatility and share their thoughts on how you can maintain your composure during these turbulent times. They also delve into the cautionary tale of Intel, once a stock market darling of the late 90's, to emphasize the risks of over-concentrated investments in seemingly "can't miss" stocks.Whether you're concerned about recent market trends or curious about the fate of once-dominant companies, this episode provides a clearer understanding of why it's essential to stay the course, ignore the noise, and maintain a diversified portfolio that aligns with your long-term financial goals.Thank you for tuning in!Key Topics:Introduction to recent market volatility (0:45)Impact of U.S. unemployment figures on global markets (1:18)Contradictory economic data and its effect on the market (2:22)Importance of staying the course and avoiding short-term panic (2:55)Analysis of the VIX (volatility index) and its implications (3:46)Long-term investing mindset in volatile markets (5:05)Introduction to Intel's fall from grace (5:43)Intel's peak and subsequent decline (6:49)Comparisons between Intel and NVIDIA—cautionary tales (7:43)The dangers of concentrated investment in "superstar" stocks (8:45)Takeaways from Intel's story: Avoiding the allure of high valuations (9:26)Concluding thoughts on market volatility and Intel's lessons (10:07)Final message: Stay diversified and focus on long-term goals (10:21)And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. Feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media: LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

Mid-year review - inflation down, stocks and bonds up: In this episode Keith and Lawrence delve into the 2024 mid-year review, providing a comprehensive overview of year-to-date asset class returns. They elaborate on the strong performance of various asset classes, particularly emphasizing how technology stocks like NVIDIA have propelled the S&P 500's gains. But they remind us of the importance of not chasing returns, and of the importance of maintaining a globally diversified portfolio for long-term performance and for risk management. As they look ahead to the upcoming fall US elections, they advise us that sticking to a consistent, diversified investment strategy is far more effective than trying to predict investment outcomes based on election results. Key Topics:Mid-year review of portfolios and investments (3:01)Evolving trends shaping investment strategies. (3:20)Star performers driving the market through June 30th, 2024 (3:48)Tech titans, especially NVIDIA, fueling market gains (4:44)Why spreading your investments globally is crucial. (5:31)How today's valuations set the stage for tomorrow's returns. (7:52)Insights into the styles of stocks and market trends (10:04)The significance of AI across industries (11:26)Inflation and its impact on your household debt and spending power. (12:29)Historical context of Bank of Canada's interest rate policies (13:40)Implications of higher interest rates on Canadian debt levels (15:15)Advice on balancing investments and debt (17:26)Upcoming U.S. elections and their impact on markets (17:41)And so much more!Mentioned in this Episode:Tulett, Matthews & AssociatesBDO CanadaThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Are you thinking about selling your business but unsure where to start? Wondering how to maximize its value and attract the right buyers? How can you structure your finances to maximize the value of your business?Tune in as host Keith Matthews and guest Uros Milekic, partner at BDO Canada, explore the critical strategies for enhancing business operations, ensuring accurate financial reporting, and structuring for optimal tax efficiency. Uros also explains the key factors that potential buyers look for and how to position your business to meet those criteria.Whether you're looking to sell in the near future or planning long-term, this episode offers invaluable insights to help you navigate the complex selling process and secure your financial future.Thank you for tuning in!Key Topics:Why business owners need to prepare their businesses for eventual sale. [00:01:00]5 Key Components: business processes, management structures, people, data and financials, and vision for future growth. [00:02:29]How business owners often get lost in daily operations and fail to plan for long-term goals. [00:03:28]The importance of accurate financial reporting, monthly reporting, and external audits. [00:12:26]The benefits of holding companies and family trusts for tax efficiency and planning. [00:14:11]Explanation of the lifetime capital gains exemption and its criteria [00:15:10]The timing and benefits of setting up holding companies and family trusts. [00:18:32]Understanding business valuation process, who uses it, and its importance in business sales. [00:23:13]Breakdown of different types of buyers (internal, strategic, non-related, and private equity) and how they value businesses. [00:26:03]The growing influence of private equity in the market and their criteria for purchasing businesses. [00:28:25]The differences between selling shares and assets, including tax implications and strategies. [00:31:36]And so much more!Mentioned in this Episode:Tulett, Matthews & AssociatesBDO CanadaThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and...

How can entrepreneurs effectively plan and accumulate wealth? What role do holding companies and the capital dividend account play?Join host Marcelo Taboada and Uros Milekic from BDO Canada as they dive into key financial strategies for entrepreneurs. Learn how to optimize tax savings, protect assets, and set up holding companies for legal and tax benefits.Discover the pros and cons of taking a salary versus dividends, managing cash flow, and planning for retirement. Uros explains the Capital Dividend Account (CDA) and Refundable Dividend Tax on Hand (RDTOH) for tax-efficient fund distribution, and highlights Individual Pension Plans (IPPs) as a powerful wealth accumulation tool.Tune in to navigate financial planning complexities and make informed decisions for your business!Key Points:Advisory Team: Importance of a team of accountants, tax advisors, and lawyers. (9:50)Setting Up Holding Companies: Advantages for legal protection and tax efficiency. (16:00)Salary vs. Dividends: Pros and cons, and tax Implications of taking a salary versus dividends. (25:32)Accumulating Wealth: Wealth strategies within a corporation, using RRSPs, TFSAs, and investments. (26:45)Capital Dividend Account (CDA): Using the CDA to distribute funds tax-free. (35:12)Refundable Dividend Tax on Hand (RDTOH): Understanding RDTOH for managing investment income. (40:12)Optimizing Financial Strategies: Techniques for managing cash flow, working capital, and retirement planning. (42:39)Incorporating a Business: Why and when to incorporate for tax benefits and asset protection. (51:37)Insurance Considerations: Types of insurance policies and their implications when held personally or within a corporation. (1:01:52)Individual Pension Plans (IPPs): IPPs as a wealth accumulation strategy for high-income business owners, benefits over traditional RRSPs. ​(1:05:00)And so much more!Mentioned in this Episode:Tulett, Matthews & AssociatesBDO CanadaThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn,

As parents, we all want to set our kids up for financial success. But how do you teach them about money in a way that sticks? In our latest episode, Marcelo speaks with Robin Taub, CPA and author of "The Wisest Investment," to get her expert advice on instilling money smarts from an early age.Robin Taub is the bestselling author of The Wisest Investment. The Canadian edition of this book was awarded the Best Adult Book of 2022 by the Institute for Financial Literacy. Join us as we discuss the practical tips and exercises Robin outlines in her book, explore her personal experiences, and understand why financial literacy is essential for children, adolescents and young adults. This episode is packed with insights for parents, grandparents, and mentors who are keen on making a lasting impact on their children's financial future.Thank you for tuning in!​Key Topics:The Wisest Investment: Robin Taub's book and its impact (1:04)Financial struggles of parents and the importance of teaching kids about money (5:25)Marcelo's personal experience and how his financial journey shaped his views (15:00)The role of values in financial education and how to instill them in children (25:30)Using teachable moments to impart financial lessons to kids (27:21)Robin's background and journey into financial education (30:32)Different approaches to allowances and tying them to chores (36:44)How budgeting can be made fun and engaging for kids (40:06)The importance of gratitude and giving in financial education (44:17)Introducing kids to investing and the stock market (49:49)Using board games to teach kids about money (48:33)The impact of technology and mobile banking on financial education (54:53)The significance of letting children make financial mistakes and learn from them (1:05:00)The importance of financial literacy (1:10:45)And so much more!Mentioned in this Episode:The Wisest Investment by Robin TaubGet Smarter About MoneyAtomic Habits by James ClearECHOageThe Good Life by Robert Waldinger11 rings: The Soul of Success by Phil JacksonMan's Search for Meaning by Viktor E. FranklPodcast: Teaching Kids about Money with Guest Will RaineyTulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple,...

Join us as we celebrate 100 years of mutual fund history, reflecting on how they've helped shape investor access to the markets.Keith and Marcelo discuss the journey of mutual funds (MF) from a niche product created in 1924 to a mainstay in the investment world, examining both the benefits and challenges they present for today's investors.They highlight mutual funds' ability to provide diversified exposure to various markets, easy access to foreign investments, and convenience in buying and selling shares. They also tackle the downsides of mutual funds head-on: high fees, lack of transparency, and sales-driven practices from big banks and others that plague the industry. Despite the availability of lower-cost alternatives like ETFs and other low fee MFs, Canadians continue to be pulled to high-fee MFs. Why?Keith and Marcelo remain optimistic about the future, pointing to an increasing availability of low-fee investment options and the growing demand for independent, evidence-based financial advice.Explore the pivotal moments in mutual fund history and gain insights into how understanding this history can benefit your investment strategy today.Thank you for tuning in!Key Topics:● The historical significance and impact of mutual funds on investing (00:39)● Overview of mutual fund benefits, including diversification and accessibility (01:15)● Mutual funds' role in the democratization of financial markets (03:22)● High fees associated with Canadian mutual funds and transparency issues (05:15)● Evolution of mutual funds and the introduction of ETFs (07:30)● The shift from defined benefit pensions to defined contributions (09:45)● Canadian vs. U.S. investment trends in mutual funds and ETFs (11:05)● Discussion on mutual fund fee structures in Canada (13:18)● The changing landscape of investing and the rise of passive strategies (15:30)● Long-term trends and future for mutual funds (18:25)● Summary of key takeaways and the importance of informed investing (20:40)● Adoption of Vanguard's ETF Portfolio and Shift Towards Passive Investing in Canada (22:18)And so much more!Mentioned in this Episode:Tulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Are you wondering how the proposed 2024 Federal Budget changes might affect your investments? Curious about the implications of the increased capital gains inclusion rates? Want to know the key considerations for financial planning in light of these changes? Today's episode dives deep into these questions and more.Today, Keith is joined by Gerry Theus, a seasoned tax expert, to explore the nuances of the proposed capital gains inclusion rate increases. They will discuss the transition from the old rate to the new, highlight the direct impacts on various investment structures, and unravel strategies to optimize financial outcomes under these new regulations.This episode is crucial for anyone looking to understand and navigate the new tax laws effectively.Thank you for tuning in!Key Topics:● Gerry's background in tax law (02:29)● Which types of investment structures are impacted by capital gains taxes (04:52)● Assets that are exempt from capital gains taxes and clarifying common misconceptions (07:21)● Assets that are typically subject to capital gains taxes upon appreciation (09:38)● Tax bands and implications for individuals (12:26)● Triggering gains before law changes (14:48)● Strategies for dealing with capital gains from real estate (17:24)● Advantages of being able to sell parts of a portfolio to manage potential capital gains tax liabilities (19:46)● Future considerations for entrepreneurs holding commercial property (24:31)● Capital gains adjustments for entrepreneurs (26:53)● Updates on the the Lifetime Capital Gain Exemption (LCGE) increases (29:14)● Update of the new Canadian Entrepreneurs Incentive program (31:41)Mentioned in this Episode:Tulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Wondering how you can simplify your investment strategy without sacrificing returns? How does a straightforward approach to investing lead to financial security? Discover the answers in this episode as we discuss the principles of index investing and the power of keeping it simple.Keith Matthews is joined by Nicolas Bérubé, an award-winning financial journalist and author (of From Zero to Millionaire), to explore the benefits of a stress-free investment strategy. Nicolas shares his journey from being a curious reporter during the financial crisis to becoming a proponent of index investing, highlighting the importance of understanding market behavior and the futility of trying to predict the future. We dissect common misconceptions about active and passive investing, why aiming for average returns is a pathway to exceptional long-term success, and how maintaining discipline in your investment strategy can lead to financial empowerment.Thank you for tuning in!Key Topics:● Introduction to Nicolas Bérubé and his journey in financial journalism (00:39)● Impact of the 2008 financial crisis on investment perspectives (03:20)● Misconceptions about stock market investing and the reality of index funds (05:56)● The significance of behavior in investment success (13:02)● Importance of starting early in investing and the concept of compounding (20:50)● Debunking the myths around index investing and market timing (27:14)● Discussion on the downside protection in index funds (34:07)● Nicolas Bérubé's investment philosophy and his view on being a 'lazy investor' (38:22)● Future of index investing in Canada and globally (43:00)● The early adoption of exchange-traded funds (ETFs) and the gradual recognition of their benefits in the investment community (44:57)● Why active management often underperforms index funds, even in volatility(49:13)And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesNicolas Bérubé's book, "From Zero to Millionaire"La PresseThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more! Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Have you ever wondered what happens to your tax obligations when you leave Canada to become a non-resident? What about the complexities of owning property in Canada while living abroad? Are you aware of the intricate tax implications involved in these scenarios?In today's episode, Marcelo Taboada speaks with Julie Cote from Chaise Bleu. With her extensive experience in taxation and specializing in non-resident Canadians owning property in Canada, Julie sheds light on the often misunderstood and overlooked aspects of taxation for non-residents. This episode is a deep dive into non-residency status, property ownership, and the critical tax considerations that come with these situations.Join us as we unravel the complexities of non-residency and property ownership from a taxation perspective. This episode is not just for those directly affected but also serves as a knowledge reservoir for anyone who might know someone in such circumstances. Tune in to equip yourself with essential insights and strategies for efficient tax planning and compliance.This podcast episode with Julie Cote was recorded on Nov 11th, 2023. Since then, have been two important changes. 1 - The minimum late filing penalty for the Underused House Tax UHT has been reduced: To $1,000 for individuals (previously $5,000 as mentioned in the podcast)To $2,000 for corporations (previously $10,000 as mentioned in the podcast)2 - The Ban on foreign Buyers has been extended by two years to January 1st, 2027.Key Topics:Understanding non-resident status and tax implications (8:00)Myths and facts about property ownership as a non-resident (15:30)strategies for non-residents planning to return to Canada (25:01)The impact of foreign buyers on the Canadian property market (30:53)Demystifying the underused housing tax (34:49)And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112. Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Can you quantify the value of financial advice? How does an advisor enhance your investment returns? What role does behavioral coaching play in your financial success? Dive into these compelling questions in our latest episode of The Empowered Investor. Join us as we explore the intricate relationship between financial advice and investment success, featuring the insightful expertise of Emile Bouchard from Vanguard.In this episode, we delve deep into Vanguard's groundbreaking research on the value of financial advice. Emile Bouchard, a seasoned professional in the financial services industry, shares his insights on how Vanguard's approach to evidence-based investing and low-cost strategies is reshaping the industry. We dissect the critical components contributing to the value added by financial advisors, including portfolio construction, behavioral coaching, and holistic wealth management.Wrapping up, we reflect on the evolving landscape of financial advice in the age of AI and robo-advisors. Discover why the human element in financial planning remains irreplaceable, fostering trust, understanding, and customized strategies that align with your unique life events and goals.Thank you for tuning in!Key Topics:Emile's background and role at Vanguard (1:37)Overview of Vanguard's research on the value of advice (3:11)Importance of asset allocation and portfolio construction (11:49)Emphasis on low-cost investments and their benefits (17:38)Holistic wealth management and its impact (22:09)The critical role of behavioral coaching (25:07)Discussion on AI, robo advisors, and the future of financial advice (34:55)Mentioned in this Episode:Tulett, Matthews & AssociatesVanguardThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

How did the key financial events of 2023 shape the investment landscape? What lessons can investors take from these developments as we move into 2024? Join us in this episode as we delve into these questions and more.Keith Matthews and Lawrence Greenberg offer a comprehensive analysis of 2023, highlighting the performance of different asset classes, the role of major tech firms, and the impact of inflation and central bank policies. They discuss strategies for navigating the markets and how to avoid common investment mistakes, providing valuable insights for investorsThanks for joining us on this journey through the past year and into the future. We hope these insights will guide your investment decisions in 2024.Thank you for tuning in!Key Topics:Discussion on 2023 asset class returns (1:41)Analysis of the 60/40 portfolio performance (2:29)Impact of the Magnificent Seven tech firms on the market (4:53)Style factors in the stock market (8:19)Major economic and stock market themes of the year, including rates and inflation (9:16)Interest rate policy and its effects (11:21)Possibility of a soft landing or a recession? (14:05)Canada's economic growth and TSX returns (14:43)Discussion on stock pricing and recession expectations (16:13)Analysis of Federal Reserve rate cuts (17:08)Long-term investing perspectives (18:20)Bond yields and investor positioning (19:03)Enthusiasm around artificial intelligence and its market impact (22:37)Importance of avoiding errors and pitfalls in investing (23:50)And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Are we learning from history or repeating the same patterns in different contexts? How does understanding human behavior enhance our investment strategies? Can the past unlock secrets for future financial success? In this episode, hosts Marcelo Taboada and Jackson Matthews engage in an insightful book review of Morgan Housel's latest work, 'Same as Ever.' This episode not only delves into the book's key themes but also connects these ideas to practical investment strategies and financial planning.Morgan Housel, in 'Same as Ever,' explores the repetitive nature of human behavior through various historical lenses, emphasizing that while contexts may change, core human traits like fear, love, power, greed, and envy remain constant. Marcelo and Jackson analyze these themes, primarily focusing on how they relate to investors' decisions and the financial world.The discussion pivots to lessons for investors, emphasizing the importance of managing expectations, understanding the role of envy in financial decisions, and the necessity of adopting a long-term perspective in investment strategies. The episode ends with a reflection on the core principles of Tulett, Matthews & Associates, reiterating their commitment to client-centric services, evidence-based investment philosophy, playing the long game, and diversification. Thank you for tuning in!Key Topics:Introduction and overview of 'Same as Ever' (01:10)The role of envy in financial decisions and its historical context (3:45)Managing expectations: the key to economic and personal well-being (11:00)The importance of a long-term perspective in investment strategies (17:30)Diversification and evidence-based investing as core principles (28:00)Mentioned in this Episode:Same as Ever: A Guide to What Never Changes by Morgan HouselThe Psychology of Money by Morgan HouselTulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and

Curious about what a "soft landing" in the economy means? Is the United States on the brink of achieving one amidst current economic challenges? Interested in how such a scenario could affect your investment portfolio?In today's episode, we dissect the elusive concept of a "soft landing" economically, analyzing the potential for such an outcome in the current U.S. economy. Keith and Marcelo guide you through the implications for investors, discussing historical examples and recent market dynamics. They will share strategies to manage your investments in these uncertain times, emphasizing the vital role of diversification and maintaining a consistent investment philosophy.Join us as we navigate the intricate cycles of the economy and unveil actionable strategies for you. This episode promises to enhance your understanding of economic fluctuations and how to embrace a consistent investment approach. Tune in now for a deep dive into economic resilience and investor empowerment.Thank you for tuning in!Key Topics:Analyzing the dynamics of economic "soft landing" and "hard landing" (1:30)Comparing economic trends in the U.S. and Canada (8:39)Historical precedence of soft landings amid high inflation (10:05)The role of diversification for long-term financial stability (13:16)And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

In this episode, we dissect the intricate world of dividend investing, breaking down common assumptions and exploring its role within a well-rounded investment strategy. We'll delve into the impact of dividend reinvestment on total returns, the tax advantages of controlling distributions, and the importance of not relying solely on dividend paying stocks for diversification. Our discussion will shed light on the psychological allure of dividends during market volatility and why a broader perspective that includes capital appreciation is crucial for wealth growth.Join Lawrence and Keith as they navigate the complexities of dividends, offering insights that challenge the status quo and empower you as an investor.Key Topics:Understanding the pros and cons of prioritizing dividend-paying stocks (1:05)Examining the impact of dividend distribution on stock market prices (5:33)Comparing tax treatments for dividend income versus capital gains (10:24)Debunking the myth that all stocks offer similar appreciation rates (11:11)Clarifying that dividends are an integral component of total investment returns (13:16)The long-term effects of not reinvesting dividends on investment growth (17:10)Addressing the misconception that dividend payouts are always reliable (19:54)Analyzing how dividend-centric ETFs fare when interest rates rise (23:33)The pitfalls of dividend investing strategies, including tax inefficiencies (25:29)And much more!Thank you for listening!Mentioned in this Episode:Tulett, Matthews & AssociatesBe sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112. Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more! Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

In this episode, we continue our in-depth look at international diversification strategies for Canadians. Building on last week's conversation, today we ask the burning question: How much should you invest in different global markets - US, International or Emerging Markets? We dive into the nuances of valuations and expected returns adding clarity and confidence in global diversified portfolios. Learn why Canadians should rethink their home bias in investing, especially when our national market constitutes just 3% of the global stock market. We also revisit Vanguard's recommendation that 70% of your equity holdings should be invested outside of Canada. Discover the critical interplay between valuations and historical returns, helping you understand and embrace an investment strategy that is truly global and diversified.Join Keith and Marcelo as they guide you through the maze of international investing backed by the latest research and expert opinions.Thank you for tuning in!Key Topics:Why Canadians should explore international investing strategies for global market allocations (1:12)How the AQR report impacts views on the U.S. versus international stocks (4:12)Why international stocks may offer growth with lower PE ratios (7:46)Examining decade by decade the differences in performance of U.S. and international markets (11:15)Why diversification protects long-term returns despite short-term market volatility (13:54)The ease and affordability of international investing for Canadians (18:56)And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesVanguardThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

In today's episode, we highlight the benefits of global diversification for Canadian investors. We highlight actionable strategies for Canadians looking to invest outside their home turf, making the once-challenging access to US and international markets more straightforward and affordable. We start by reviewing the groundbreaking work by Henry Markowitz on modern portfolio theory, illuminating how diversification can help you gain better returns with less volatility. We discuss the Canadian investor tendency towards home bias in investments and discuss the merits of looking beyond national borders. Wrapping up the episode, we point to a recent Vanguard report that outlines the ideal equity allocation for Canadian investors. Join your hosts Keith & Marcelo as they guide you through this intricate yet vital topic, helping you craft a global investment strategy that's well-rounded and research based. Key Topics:Why Canadian investors should consider global diversification for better returns (1:46)How diversification enhances returns while reducing risk (5:47)Exploring the home bias among Canadians and its effect on their portfolios (13:13)Global investors favor home markets; Americans least biased, Australians and Canadians most biased (16:48)Assessing concentration risks in the Canadian equity market (20:41)Analyzing Vanguard Report's endorsement for global diversification in Canadian portfolios (22:54)Review of Vanguard's recommended global allocation for Canadian investors: 30% Canadian equity, 70% international (US, EAFE & Emerging Markets)Why it's easier than ever for Canadians to build globally diversified portfolios (26:53)Mentioned in this Episode:Tulett, Matthews & AssociatesVanguardThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Behavioural Biases and Investment DecisionsHave you ever found yourself blindly following the crowd, even when deep down you knew it wasn't the right decision? Have you ever wondered if the way your brain thinks is tricking you and influencing your investment choices, sometimes leading you astray?In this episode, we delve into the fascinating world of behavioral biases and their profound impact on investment decisions. Join us on a thought-provoking journey as we explore the hidden survival instincts that drive our actions, often without us even realizing it. Discover why humans may not be naturally wired to make rational decisions when it comes to navigating our financial path.We shed light on concepts like herding behavior, the pitfalls of overconfidence, and the dangers of confirmation bias and more. Throughout our exploration, we weave in real-world examples to provide you with a comprehensive understanding of human behavior and its significant role in investment choices.Join hosts Marcelo Taboada and Lawrence Greenberg as they share practical strategies to counteract these ingrained biases and foster decision-making processes that are both rational and aligned with your financial aspirations.Thank you for tuning in!Mitigating Investment Biases: Exploring the role of behavioural biases in investment choices (1:47)Uncovering the evolutionary roots of behavioural biases in investing (4:42)Overconfidence in investing leads to risky behaviour; humility and process can mitigate it (9:42)Avoid confirmation bias in investing by conducting diligent research and considering opposing views (13:26)Stick to your investment philosophy to avoid hype and bubble-like securities (16:11)People tend to treat money they receive differently and should view it holistically (20:25)How advisors act as emotional anchors, guiding clients away from costly investment errors influenced by biases (26:37)And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Improves decision making for all investors.Have you ever wondered whether your financial decisions align with your future goals? Do our emotions play a pivotal role in shaping our financial choices, and influencing our long-term outcomes?Join your hosts Marcelo Taboada, Lawrence Greenberg, and Jackson Matthews as they discuss takeaways from Morgan Housel's book, Psychology of Money. It's an incredible personal finance book filled with great concepts and stories that can help improve decision making for all investors.Thank you for tuning in!Key Topics:"Psychology of Money" by Morgan Housel: Surprising, impactful, and relatable financial insights through storytelling (1:32)Emotions' role in investing, pitfalls, and examples (3:00)How a Janitor Became a Millionaire by Saving and Investing (5:14)Balancing rationality and personal comfort in financial decision-making (8:43)Smart doesn't guarantee right decisions. Behavior matters more than knowledge (12:12)Compounding's power lies in exponential growth over time (14:22)Social comparison drives spending, but wealth is often what you don't see (18:14)Healthy financial habits: Pay yourself first, develop an investment philosophy, tune out noise (20:56)Media understands psychology, but lacks understanding of individuals (27:41)Mentioned in this Episode:Tulett, Matthews & AssociatesThe Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness - Morgan HouselThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Lifestyle creep—a subtle increase in expenses as income grows—can have a substantial impact on your financial future. It is a subtle yet powerful force that can silently erode your retirement plans. Ignoring this phenomenon can have serious consequences, potentially downgrading your anticipated lifestyle and derailing your wealth-building goals.Recognizing the importance of aligning yourself with the right financial influences can be a game-changer in successful retirement planning.Join Keith and Marcelo as they dive deep into effective strategies that will help you circumvent the lifestyle creep trap. They'll shed light on how this pervasive trend affects retirement planning and equip you with the knowledge you need to safeguard your financial well-being. Empower yourself with this invaluable information and set yourself up for a successful future.Thank you for tuning in and taking control of your financial destiny!Key Topics:Lifestyle creep: identifying it, avoiding it, and problems that can arise (0:50)The importance of matching retirement savings to lifestyle expenses (5:28)Avoiding lifestyle creep by budgeting, planning, establishing shared values (12:27)The growing perception that home ownership is unattainable (15:30)Feel rich by associating with frugal friends who have similar financial goals (15:36)And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesKeith Matthews' Book | The Empowered Investor: A Guide to Building Better PortfoliosThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Today, we delve into the art of crafting a rewarding retirement with Susan Hogan, an expert coach specializing in the non-financial aspects of retirement. Susan staunchly believes retirement has the potential to be the happiest phase of one's life, leading her to develop her coaching program, Inspired Retirement, to help retirees uncover their unique paths to a gratifying and purposeful retirement.Inspired Retirement demystifies non-financial retirement planning, offering invaluable insights and support for those on the cusp of retirement and recent retirees alike. It's here that individuals learn to navigate the physical, mental, social, and emotional facets of retirement and create their personalized, non-financial retirement blueprint.Join us on this enlightening episode where we cover retirement preparation, dementia prevention, lifestyle transformation, the empowering journey to self-discovery in retirement, and so much more!Thank you for listening!Key Topics:Evolution of retirement from a short period of rest to a longer phase of lifeIdentifying post-retirement goals and making the most of this phaseThe impact of alcohol and substance abuse in retirementIntroduction to Susan's coaching program, Inspired RetirementDr. Richard Leiter's happiness curveThe importance of pre-retirement preparationDementia is retirees' greatest fearThe challenges retirees face when work is taken away and the loss of structure and purposeRetirees not finding retirement fulfillingThe potential risks and challenges of the retirement transitionThe importance of a growth mindset in fighting the natural decay of agingInspired retirement GPS: Good Health, Passion and Purpose, and Social NetworkPhases of retirement: anticipation, honeymoon, disenchantment, stabilityAnd much more!Mentioned in this Episode:Tulett, Matthews & AssociatesKeith Matthews' Book | The Empowered Investor: A Guide to Building Better PortfoliosInspired RetirementThe Retirement QuotientThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and

Mid-year review - inflation down, resilient economy, stocks up: As of now, recession concerns haven't materialized as many had predicted six months to one year ago. In 2023, portfolios are positive so far, with most asset classes having + ytd returns including; bonds, Canadian, US and international stocks. The development and growing influence of artificial intelligence is capturing investors' imaginations, and creating investor enthusiasm. In this episode Marcelo and Keith discuss ytd investment observations that include; why investors should stay clear of investment narratives, why investors should continue investing on a global basis, the performance of growth versus value stocks, investor benefits of opening economies, and the challenges and opportunities posed by higher interest rates.Thank you for listening!Key Topics:The economy's continued resilience and growth (3:31)How Chat GPT managed to generate stunning, effortless poetry (7:08)Why diversification remains crucial despite recent outsized growth by a few companies (9:31)Ups and downs in the battle between growth and value (13:13) Why you should be cautious trying to use any narratives to predict market performance (15:36) How global diversification protects against long-term underperformance of one particular region(20:54)Diversifying and sticking to your plan to produce better returns while reducing stress (24:33) Mentioned in this Episode:Chat GPTTulett, Matthews & AssociatesKeith Matthews' Book | The Empowered Investor: A Guide to Building Better PortfoliosThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Many Canadian retirees homeowners are home equity-rich but investment-light.Whether it's to fund their 20 to 30 years retirement or simply to access money for a project without a monthly repayment obligation, a reverse mortgage can offer an opportunity to unlock that home equity and provide much-needed cash flow. Today we're joined by experienced independent mortgage broker Morgan Englebretsen to talk about the ins and outs of reverse mortgages and what Canadian homeowners need to know to make an informed decision.In this episode, Morgan and Keith talk about the ideal candidates for a reverse mortgage, current reverse mortgage trends, which institutions issue reverse mortgages, the rules and costs around the reverse mortgages, how they are repaid, alternatives to reverse mortgages, and so much more!Thank you for listening!Key Topics:What is a reverse mortgage? (1:18)Why this is an important topic for Canadians right now (2:56)How a reverse mortgage works (5:04)The people who can benefit most from a reverse mortgage (6:13)Strategic users of reverse mortgages (9:50)Reverse mortgage eligibility criteria (11:23)How much of your home equity you can access through a reverse mortgage (12:27)The institutions that facilitate reverse mortgages (14:54)How many people are accessing reverse mortgages (15:46)The reverse mortgage application process (17:12)How an independent mortgage broker can help you with a reverse mortgage (19:11)Current interest rates for reverse mortgages (21:35)What you need to know about repayment options (22:45)Alternatives to a reverse mortgage (24:12)Pros and cons of reverse mortgages (26:21)And much more!Mentioned in this Episode:Morgan Englebretsen on InstagramMorgan Englebretsen on TikTokMortgage Architects WebsiteThe Empowered Investor | Episode 74: Navigating mortgages and high interest rates with specialist Morgan EnglebretsenCHIP Reverse MortgageEquitable Bank Reverse MortgageTulett, Matthews & AssociatesKeith Matthews' Book | The Empowered Investor: A Guide to Building Better PortfoliosThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112 Follow Tulett, Matthews & Associates on social media on

With so much of our lives online, are you aware of the risks you face?Despite only 5-10% of people reporting fraud, the Canadian Anti-Fraud Centre received fraud and cybercrime reports totaling a staggering $530 million in victim losses in 2021. From phishing scams to ransomware and identity theft, the responsibility ends up on us as individuals to ensure we protect ourselves from cyberattacks as far as possible.Today Marcello is joined by cybersecurity expert James Fournier to talk about protecting yourself against cyber threats and what to do if you fall victim. James has been in the industry for over 20 years, and he's seen it evolve and the different trends that crop up over time. As a technology expert, he has an emphasis on cybersecurity, and he's a wealth of knowledge in the field. In this episode, James and Marcello discuss what cybersecurity really means, the foundations everyone should have to protect themselves, online security's do's and don'ts, why you need to use two-factor authentication and password managers, red flags to avoid, and so much more! James has been instrumental in training us at TMA on what to be aware of what to do and what not to do, and we think you'll learn a lot from what he has to share.Thank you for listening!Key Topics:Why every Canadian needs to educate themselves on cybersecurity (2:06)Scary statistics on the prevalence of fraud and cybercrime in Canada (4:17)James' background and journey into the IT industry (6:01)Our approach to cybersecurity at TMA (8:08)What is cybersecurity? (9:35)The most common cybersecurity pitfalls (11:53)Red flags that can signal a phishing attack (14:54)Different types of cyber attacks that can impact investors (18:31)Why preventative systems are crucial (24:07)Steps to take if you think you've been scammed (26:32)How two-factor authentication (2FA) works and why you need it (29:18)Why James recommends using a password manager (31:16)How to think about using antivirus software (36:32)Why training yourself on the potential risks and best practices is essential (39:36)And much more!Mentioned in this Episode:James Fournier's Website | JFITS.caTulett, Matthews & AssociatesKeith Matthews' Book | The Empowered Investor: A Guide to Building Better PortfoliosThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook,

Canada's housing affordability crisis has put the purchase of a home out of reach for many young aspiring homeowners. The government created the first home savings account (FHSA) in response.An FHSA is a vehicle people can use to save for purchasing their first home while receiving a tax deduction on contributions. The money grows tax-free, and you can use it to buy a house without needing to refund the account; unlike the RRSP's Home Buyers' Plan.Keith and Marcelo first spoke about the FHSA when it was announced in June 2022, and today they're coming back with more answers as we head towards the account's rollout. In this episode, Marcelo and Keith talk about what exactly an FHSA is, how it works, who benefits from using them, how it may impact the housing crisis, and so much more!Thank you for listening!Key Topics:The purpose of the first home savings account (FHSA) (3:05)Young Canadians' attitudes toward homeownership (3:53)How the FHSA works (5:38)Parameters for using an FHSA (7:04)The main benefit of using an FHSA (8:24)How the FHSA works alongside a Home Buyers' Plan (HBP) (9:33)Implications of choosing not to buy a home (11:53)The main difference between the FHSA and the HBP (13:52)Primary beneficiaries of the FHSA (15:14)Rising criticisms of the FSHA (17:00)Advice for young investors (19:28)And much more!Mentioned in this Episode:The Empowered Investor | Episode 56: Tax-Free First Home Savings Account (FHSA)Tulett, Matthews & AssociatesKeith Matthews' Book | The Empowered Investor: A Guide to Building Better PortfoliosThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Will I have enough money to retire comfortably? Am I on track? Should I be saving more? These are the types of questions clients bring to us daily. We turn to financial planning and modelling into the future using expected returns to answer them.Expected returns estimate the average return that an investment or portfolio should generate over time. Being able to create realistic projections requires starting with appropriately developed expected returns.In this episode, Marcelo and Keith talk about how investors and advisors should use expected returns, what you need to know about how they're determined, why they're essential for retirement projections, the organizations that create expected returns, and so much more!Key Topics:What are expected returns? (3:17)The relationship between valuations and expected returns (4:33)How financial advisors use the Projection Assumption Guidelines from FP Canada™ and the IQPF (6:35)Expected returns for different asset classes according to the 2023 Projection Assumption Guidelines (8:09)What the reports from firms like Vanguard say bout expected returns (9:52)How we use expected returns in financial planning (11:20)A side-by-side comparison of current returns and historical returns (14:11)Real returns of stocks over the last 120 years (16:37)What you can do to improve the odds of a successful planning and investment experience (21:21)How management fees have changed over time (23:20)Why we're optimistic about the future (27:10)And much more!Mentioned in this Episode:2023 Projection Assumption GuidelinesElroy Dimson, Paul Marsh & Mike Staunton's Book | Triumph of the Optimists: 101 Years of Global Investment ReturnsTulett, Matthews & AssociatesKeith Matthews' Book | The Empowered Investor: A Guide to Building Better PortfoliosThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112 Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more! Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Whether you're a first-time home buyer or a seasoned real estate investor, understanding the intricacies of mortgages is a game-changer in your financial journey. Navigating the mortgage journey can be an intimidating experience, and mistakes can have long-lasting consequences. With many potential pitfalls, confusing jargon, and seemingly endless options, proper guidance throughout the mortgage process is invaluable. Today we're joined by experienced independent mortgage broker Morgan Englebretsen to break down the ins and outs of mortgages, ensuring that you have the knowledge you need to make informed decisions.In this episode, Morgan and Marcelo discuss how to get ready for the mortgage process, strategies you can use to save money, why it's sometimes worth it to get a higher interest rate, how to decide how much of a deposit to make, the benefits of working with a mortgage broker, what to think about when deciding between lenders, the fixed and variable costs of buying a property,Morgan's advice for a first-time home buyer and so much more!Thank you for listening!Key Topics:Why it's valuable to get an independent perspective on mortgages (1:25)How Morgan moved from automotive financing to home financing (4:12)Growing up in a rational environment with both parents as academics (5:30)The behavioural aspect of financial decision-making (6:55)What does an independent mortgage broker do? (8:20)The primary benefits of working with an independent mortgage broker and a lender (10:10)How independent mortgage brokers can offer their services for free (12:01)The increasing number of Canadians using mortgage brokers (13:33)The hidden benefits of working with a mortgage broker (15:40)All lenders are not created equal (17:36)How to choose the best lender for you (21:50)The fixed and variable costs of buying a property (23:44)The biggest pain points for Canadian home buyers right now (27:46)Morgan's advice for a first-time home buyer (31:42)The benefits of a holistic approach to your finances (34:42)How you can save yourself some money with your mortgage (39:42)What to do to get ready for taking a mortgage (44:45)Different ways to leverage the equity in your home (46:26)And much more!Mentioned in this Episode:Morgan Englebretsen on InstagramMorgan Englebretsen on TikTokCall Morgan Englebretson: 514-923-6606Mortgage Architects WebsiteTulett, Matthews & AssociatesKeith Matthews' Book | The Empowered Investor: A Guide to Building Better PortfoliosThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on social media on

With Tax Day on the horizon, tax tips, tricks, and hacks are being shared more than ever. From making charitable donations to incorporating and running everything through a company, word on the street is that the wealthy use particular tax strategies to minimize the amount of tax they owe.But while it might be tempting to try them, making the wrong decision about your taxes is an expensive mistake that can cost you many times more than what you would have paid initially.To help make sure you're on the right track, tax specialist Réginald Pierre-Louis is back for part two of our tax myth series. Réginald has more than ten years of practice in the field and has a great way of making complex taxation rules and legislation more understandable so you can make sure you're filing accurately.In this episode, Marcelo and Réginald talk about why it's challenging to define a threshold for richness, how facts and feelings shape our perspective, what research shows about who pays the most taxes, and why many of the commonly shared “rich people” tax strategies might not be suitable for you.Thank you for listening!Key Topics:Why it's so hard to come up with a definition of a rich person (1:37)How facts and feelings shape our perspective on wealth and poverty (7:25)People on both ends of the wealth spectrum are abusing the system (10:25)Surprising income statistics across Canada (12:35)Myth #1: The rich don't pay taxes (16:33)Tax distribution across income levels (19:21)Myth #2: When wealthy people make charitable donations, they're doing it because they'll get it back on their tax return (22:00)Myth #3: I'll create a company for myself like the rich do so I can get tax savings (26:18)Myth #4: I can include my personal expenses within my company (31:32)Myth #5: My corporation can pay a salary to my spouse and children, and since they have a lower tax rate, I'll pay less in taxes (35:58)Myth #6: My company should own my home (37:07)Myth #7: I'm saving money in my business by paying cash and avoiding sales taxes (43:05)Mentioned in this Episode:Réginald Pierre-Louis on LinkedInTulett, Matthews & AssociatesKeith Matthews' Book | The Empowered Investor: A Guide to Building Better PortfoliosThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112 Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more! Follow The Empowered Investor on

It's getting to be that time of the year again— Tax Day is approaching and you start hearing conflicting things from friends and family about what is—and what isn't—okay when filing your taxes. There's a lot of misinformation out there about various deductions, loopholes, and write-offs that can get you into hot water if you blindly follow someone else's bad advice. We've all heard people saying the rich don't pay taxes, and the government is robbing us, or horror stories of being taxed at over 50% once your income is more than $100,000. Social media has amplified the problem, spreading myths as fast as truth and making it difficult to know what's fact and fiction. Add in recent changes in the tax laws and you are left feeling confused and unsure of where to go for the right answers.Countering bad advice, especially during tax season, is crucial. So we reached out to expert and tax specialist Réginald Pierre-Louis to bust several tax myths and give you the facts to help ensure that you file accurate returns. His expertise can help ensure that you receive money the government owes you and avoid penalties for underreporting.In this episode, Marcelo and Réginald break down common tax mistakes and misconceptions, explore why these tax myths are so widespread, and share the facts you need to know as a Canadian investor. Thank you for listening!Key Topics:Réginald's extensive background as a tax specialist (1:21)Réginald's passion for teaching and what sparked his interest in tax (3:00)Myth #1: If we're not living together, we're not common-law partners (5:44)Myth #2: I have no income, so I don't need to file taxes (9:39)Myth #3: My accountant is no good - I had to pay taxes (10:54)It's your responsibility to share all relevant information with your accountant (14:04)Myth #4: I make above $100,000/year, so my tax rate will be 50% (16:41)Myth #5: I won't accept this salary increase or work overtime since my tax is more than the salary increase (23:07)Examples of situations which might lead to an unexpectedly large tax bill at the end of the year (29:00)Myth #6: I work at a bar/restaurant. Aren't tips tax-free? (32:17)Myth #7: RSPs are useless because future withdrawals are taxed (35:46)The emotional and psychological aspects of finance (43:39)Myth #8: Québec is the most taxed place in Canada (47:47)Mentioned in this Episode:Réginald Pierre-Louis on LinkedInL'investisseur transforméÉpisode 18: Mythes et croyances populaires en fiscalité (partie 1)Épisode 19: Mythes et croyances populaires en fiscalité (partie 2)Revenu Québec Guidance | Employees Who Receive TipsTulett, Matthews & AssociatesKeith Matthews' Book | The Empowered Investor: A Guide to Building Better PortfoliosThanks for Listening!Be sure to subscribe on

Every year more complexity is added to the Canadian tax system, making it difficult for taxpayers to keep up to date.Understanding how to properly file your tax return and take advantage of deductions and credits can put more money back in your pocket, which can go a long way in achieving your financial goals. Your tax returns also entitle you to certain social benefits, and appreciating the various requirements can help you avoid costly mistakes.Whether working with a tax professional or filing yourself, there's always something new to learn about taxes. To help you gain clarity for this tax season, we're doing a deep dive into Canadian tax returns with our colleague, Hugh Campbell.Keith and Hugh discuss why it's essential to file your taxes accurately and on time, when spouses should file together, how requirements differ across provinces, the tax benefits of RRSPs and tax-free savings accounts, how to ensure you're maximizing your allowable deductions, additional filing requirements for investors with foreign assets, and so much more!Thank you for listening!Key Topics:Hugh's move from a neurobiology major to CPA (1:27)Early lessons from PricewaterhouseCoopers (2:42)The most rewarding aspects of working with individuals and small business owners (3:35)Consequences of not filing your tax returns on time (4:30)When and why families must file together (6:47)The types of information available through CRA downloads (10:13)Differences between preparing income tax returns in Quebec and other Canadian provinces (14:37)How an RSP works and its value from a tax perspective (17:10)Choosing between an RSP and a tax-free savings account (19:13)What to do with your tax refund (21:04)What you need to know about the new tax-free first home savings account (23:14)Key considerations around whether interest can be tax deductible (27:56)Criteria to qualify for home office deductions (30:54)Senior tax savings from income splitting (33:07)The most important credits for seniors (34:10)Tax implications of financial gifts to your adult children (36:39)How to treat foreign-source income on your Canadian tax return (40:04)When to file Form T1135 (41:00)Differences in tax consequences for cash and stock charitable contributions (47:46)Tax requirements when selling residential property (52:15)How to handle a notice of assessment (58:03)What happens if you don't pay your tax bill in full (59:14)How long to keep your tax records (1:01:04)Hugh's tips for making the tax filing process easier (1:03:27)Common tax reporting mistakes (1:04:13)Hugh's perspective on the evolution of the Canadian tax system (1:05:57)And much more!Mentioned in this Episode:Tulett, Matthews & AssociatesKeith Matthews' Book | The Empowered Investor: A Guide to Building Better PortfoliosThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on...

Financial fraud is a serious issue that has unfortunately cost many investors their hard-earned savings. Although technology has helped fraudsters find new ways to dupe investors, the same core themes appear again and again.From Ponzi schemes to fake investment opportunities, these scams lure investors in with promises of high returns and low risk. In reality, there's no increased reward without increased risk, and even when these plots are revealed, many people never recover what they invested.The best way to protect yourself is to be aware of the warning signs and educate yourself on the steps you can take to protect your investments. In this episode, Keith and Marcelo explore the world of financial fraud, some famous examples of these schemes, how they work, how you can safeguard your finances, and so much more!Thank you for listening!Key Topics:Why we're talking about financial fraud (1:14)Different types of financial fraud and famous examples (3:01)How Ponzi schemes work (6:24)Why the biggest Ponzi schemes are usually uncovered during market corrections (9:57)Charles Ponzi's landmark scheme in the 1920s(10:51)How Bernie Madoff kept his fraudulent scheme running for 20 years (12:10)Earl Jones's Canadian scheme targeting the elderly in the 80s and 90s (15:08)Common themes among these long-running Ponzi schemes (17:17)What the sentencing of Gary Sorenson and Milowe Brost show about the significant differences in penalties for white collar crime in Canada vs. the US (18:26)The Norbourg scandal in Montreal (19:33)The biggest reasons people keep falling for these schemes (21:09)Warning signals to be aware of to protect yourself from financial fraud (24:15)The AMF's five steps to avoid fraud (26:36)And much more!Mentioned in this Episode:● Netflix Documentary | Madoff: The Monster of Wall Street● Diana B. Henriques' Book | The Wizard of Lies: BernieMadoff and the Death of Trust● John Carreyrou's Book | Bad Blood: Secrets and Lies in aSilicon Valley Startup● Movie | Norbourg● Autorité des marchés financiers (AMF)● Ontario Securities Commission ○ Investment Fraud Checklist● Canadian Securities Administrators● Bethany McLean & Peter Elkind's Book | The SmartestGuys in the Room: The Amazing Rise and...

We're in the middle of client meeting season at Tulett, Matthews & Associates. Over the years, the way we conduct these meetings has evolved as we incorporate client feedback and continuously work to provide the best wealth management experience possible.At the core, effective client meetings are about transparency and empowering investors with the right level of detail to move forward confidently, with a clear vision of their financial future.In this episode, Marcelo and Keith talk about how the relationship between financial advisors and clients has evolved, the TMA approach to client meetings, the elements we believe are essential, and so much more!Thank you for listening!Key Topics:Why client meetings are Marcelo's favourite part of the job (2:18)The evolution of client meetings (3:17)Our holistic approach to client meetings (5:11)Factoring in short-term and long-term business and financial goals (8:34)Why we ask clients about their biggest fear/concern/worry (10:38)What we cover in the balance sheet review and why it's an essential element (12:05)Benchmarks we discuss around cash flows (14:37)Why we always shared detailed reports on cash flows (17:11)The value of a projection review (18:27)How we customize the portfolio review for each client using scalable communication (23:04)Topics we cover with every client about their wills (28:08)The goal of an effective client review meeting (31:05)Our final takeaways for investors (32:06)Thanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112 Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more! Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

When you're intentional in your planning, you're more likely to get the experiences you want out of life.Curiosity and continuous learning are a big part of our firm's culture. The team is always sharing ideas, whether through podcasts, research articles, or books. Recently, Marcelo came up with a brilliant idea to take it to the next level, and now we have our own library at Tulett, Matthews & Associates. We're excited to have this resource for the team and clients.In honour of that, today, we're doing things differently. In this episode, Marcelo and Keith review a book from our library - Die With Zero by Bill Perkins. The book's concept centers around the idea that you've worked hard for your money, and you should optimize it by maximizing the life experiences that bring you purpose and fulfilment.We talk about Bill Perkins' take on the problem with conventional advice about retirement planning, his framework for life enjoyment, potential pitfalls from neglecting your financial foundations, how we advise clients to plan for the experiences they desire, the case for giving away your wealth based on when it has the most impact, and so much more!Thank you for listening!Key Topics:Our Tulett, Matthews & Associates library (1:02)Why we're talking about Bill Perkins' Book, Die With Zero (2:30)Bill Perkins' take on conventional advice about retirement planning (4:15)A framework for life enjoyment (6:15)Our changing perception of the value of experiences and relationships (7:20)Potential pitfalls from neglecting your financial foundations (9:35)Building up your memory dividend (10:37)Roadblocks that can get in the way of building your memory dividend (11:40)The case for giving away your wealth based on when it has the most impact (13:52)Helping your children develop grit and resilience (16:37)Concepts from Die With Zero that are especially relevant in our current environment (18:52)Planning to maximize your different seasons of life (21:18)Bill Perkins' action plan concept (22:08)The types of investors who will benefit the most from applying the Die With Zero concepts (23:28)The importance of sound financial advice when applying these concepts (25:37)Final takeaways on the book (28:03)And much more!Thanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112 Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more! Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Maintaining perspective and long-term discipline​With significant declines in specific segments of the financial market, inflation rates we haven't seen in decades, and geopolitical conflicts escalating, 2022 was a turbulent year for the average investor.Investors who maintained perspective and long-term discipline by committing to a fundamentally sound investment plan were able to weather through the periods of market uncertainty and stay on the path to building wealth.Four core principles help our clients maintain diversified, well-balanced investment portfolios and become financially secure forever.Stay diversifiedTune out the noiseDon't chase market trendsDon't speculateFor the new year's first episode, we are reflecting on key themes and lessons from 2022 and what they mean for Canadian investors. In this episode, Marcelo and Keith talk about how different asset classes performed over the year, central themes in the investment world, how investors should think about 2023, positive returns on the horizon, and so much more!Thank you for listening!For additional insights read our 2022 Market Review: A Changing Investment Landscape. Financial highs, lows and what's in store for 2023Our reflections on 2022 from a personal perspective (1:33)Equity and bond market results in 2022 (4:35)The primary reasons behind the difference in market performance between a US and a Canadian 60/40 portfolio (5:54)Growth stocks versus value stocks (8:56)Massive declines in the mega-cap stocks in 2022 (10:54)Updates on some of the innovative company stocks that peaked during the height of the pandemic (13:27)The Ark Innovation Fund and the problem with chasing performance (16:13)Profits and valuations matter (19:04)The unravelling of the speculator - the downfall of crypto and meme stocks (20:11)Average returns for our portfolios in 2022 (23:15)Major themes coming out of 2022 that impact Canadian investors (26:56)The possible upside of inflation for investors (28:30)Thinking about a possible recession on the horizon (30:05)Why Canadian investors should be wary of forecasting (33:01)Understanding expected return changes (35:05)Categories that are undervalued, fairly valued, and with stretched valuations (37:17)Lessons and takeaways from 2022 (39:27)And much more!Thanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or...

Our goal in today's podcast is to add clarity of the impact of rising rates for bond investors. 2022 has been a challenging year for Canadian investors; inflation is higher, interest rates have been going up, bonds are down, and stocks have been volatile. Typically, bonds have sheltered investors in periods of uncertainty. This hasn't been the case this year.Bonds play an important role in the investing world. They provide income, stability, and diversification to your portfolio. Bond prices are constantly moving according to current conditions and they typically have an inverse relationship with interest rates – when interest rates go up, bonds prices go down and when interest rates go down, bond prices go up.When looking at year-to-date bond returns, rising yields and decreasing bond prices may feel like a curse. In today's episode, Keith & Lawrence discuss why rising yields may in fact be a blessing for bond investors - and/or investor's bond allocation of diversified portfolios. Why rising yields are a blessing for most bond investors:Why this has been a particularly challenging year-to-date period for bond investors (2:15)How much are the average bond holdings down? (3:19)What is driving the negative returns (4:40)Understanding “the gut punch” that bond investors have received from rising yields (7:46)The positive after-effects of higher yields (9:20)Two scenario analysis: Scenario 1: The gut punch followed by higher yields vs Scenario 2: The no gut punch with lower yields (10:25)What Canadian investors need to keep in mind about bond duration (17:06)Higher rates and implications for borrowers (20:47)Our takeaways (22:19)Thanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more! Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Talk about money as a family, openly and oftenKids form most of their adult money behaviours by the age of seven. How can you give your kids a head start and set them up to win with money at any age? Learning how to handle money is a lifelong process. Today we're joined by Will Rainey, a writer and speaker focused on helping parents and grandparents teach their kids and grandkids about money. He is the author of the children's book, Grandpa's Fortune Fables, and his website, BlueTreeSavings.com, has helped thousands of parents start talking to their kids about money. In this episode, Will and Marcelo talk about why it's essential to teach kids about financial values from a young age, the negative messages children receive when we avoid talking about money, children's allowances, financial incentives and punishments, how to encourage mindful spending and charity, helping kids to appreciate what they have, and so much more!Start saving as early as possibleWhy it's important to teach kids about financial values from a young age (1:28)Will's financial resources for parents (5:31)How Will developed a passion for helping parents teach kids about money (7:41)The journey of how Will's book, Grandpa's Fortune Fables, came to be (10:33)Hidden financial benefits of Grandpa's Fortune Fables for parents, grandparents and guardians (12:40)Why you need to teach your kids about money (13:27)The potential problems when you don't talk about money (16:27)Activities parents can do to start the money conversation with their children (19:25)Allowances, financial incentives and financial punishments (22:14)Strategies for teaching kids about patience and delayed gratification (24:26)Teaching kids about the value of things in a world of conspicuous consumption (30:05)Encouraging mindful spending and charity (32:42)The value of experiences (37:21)Learning financial literacy in schools (40:50)The importance of financial education for society as a whole (44:15)Technology as a force of good for teaching kids about money (45:36)Helping kids to appreciate what they have (48:45)Next steps for parents who are ready to work on teaching their kids about money (50:56)Thanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

For many Canadians, the RRSP (Registered Retirement Savings Plan) is the primary driver of their retirement savings.An RRSP allows you to contribute a percentage of your income each year which, unlike non-registered accounts, can grow in that account while deferring taxes until you withdraw. Later, when you stop working or reach age 71, you convert your RRSP to a RRIF (Registered Retirement Income Fund) and flip the switch from contributions to withdrawals.In this episode, Marcelo and Lawrence talk about the main benefits of RRSPs and RRIFs, what you need to know about converting your RRSP to a RRIF, cash flow and tax considerations when drawing down from a RRIF in retirement, estate considerations for your RRIF, and so much more.Key Topics:Understanding your RRSP (2:16)Three main benefits of an RRSP (3:23)The relationship between an RRSP and a RRIF (4:46)Differentiating between RRSPs and RRIFs and LIRAs and LIFs (6:41)What you need to know about withdrawing from your RRIF (8:08)Cash flow considerations for your RRIF payments (10:24)Reducing your tax obligation by basing your minimum RRIF payment on your younger spouse's age (12:51)Applying withholding tax to RRIF payments for better cash flow management (14:23)Critical factors to think about when planning how to convert your RRIF (16:46)The significant impact that strategic planning can have on your estate value (18:02)How you can optimize your RRIF strategy if you're still working at age 71 (23:56)Why you should designate a beneficiary in your RRIF (25:54)Final thoughts and key takeaways (27:09)And much more!Thanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112 Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more! Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

From media outlets to friends and coworkers, chances are you've heard lots of buzz about a recession. The truth is however, that a lot of uncertainty remains, and we can't predict if or when we will enter a recession.As an Empowered Investor, it's essential to understand the current economic context and how a recession could impact your investment portfolio. As financial advisors, we are here to help you move forward confidently and today are discussing the looming possibility of a recession and how you can successfully manage your money through uncertain financial times.In this episode, Marcelo and Keith talk about the defining factors of a recession, what it means for Canadian investors, what we can learn from past recessions, the relationship between recessions and inflation, our recommendations for winning investment strategies through recessions, and so much more.Thank you for listening!Key Topics:How a recession is defined and critical indicators that must be present (2:37)Why a recession wasn't declared despite declining GDP growth in the United States this year (4:14)What it means for the stock market to be a leading indicator of the economy (5:58)Major economic themes and risks we're facing in 2022 (9:08)Historical trends around stock market performance before, during, and after a recession (11:58)Timing and why you shouldn't wait for the market to improve before you invest (14:18)Coming to terms with being in a recession (16:48)The relationship between inflation and recessions (17:54)Why it's not worth it to trade through recessions (19:08)The psychological aspect of living through difficult financial times (21:32)Favorable market trends right now (27:03)Top five considerations for managing your investment portfolio through recessions (28:19)And much more!Thanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Choosing the right advisor or advisory firm takes time. In our last episode, we explored https://www.tma-invest.com/the-4-criteria-to-evaluate-financial-advice/ (the four criteria for evaluating the value of financial advice): competence, coaching, convenience & continuity. We're taking it further today and exploring how you can assess the process of hiring an advisor. A good evaluation goes beyond an advisor's financial performance. A thorough evaluation should give you a sense of their processes, structures, and how they will help you attain your goals. To help you to get the most out of your due diligence, we're sharing our insights on which questions you should ask when trying to figure out who is the right advisor or firm for your financial circumstances.  In this episode, Marcelo and Keith talk about how to do a self-evaluation to gain clarity on the type of investor you are and which services you need, what makes a good investment philosophy, how to test if a firm's practices align with what they say, common mistakes investors make when evaluating advisors, and so much more. Thank you for listening! Key Topics: Why we're talking about choosing an advisor (1:48) Determining what type of investor you are and which services you need (2:35) Reviewing the competence of the advisory firm (5:15) Defining and aligning your investment philosophy (6:37) How to ask a potential advisor about their investment philosophy (9:07) Assessing an advisor or firm's consistency across their client base and over time (12:00) Common mistakes investors make when evaluating advisors (14:06) Getting clear on how an advisor or firm works (17:02) The advantages of an advisor/coach over a facilitator (20:31) What excellent service should look like (23:25) Why your advisor needs to have a plan in place for continuity of advice for your whole family (25:40) Understanding your advisor's succession plan (28:41) What to expect from effective discovery and proposal meetings (29:48) Our final takeaways (34:50) And much more! Thanks for Listening! Be sure to subscribe on https://podcasts.apple.com/us/podcast/the-empowered-investor/id1508663970 (Apple), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vdGhlLWVtcG93ZXJlZC1pbnZlc3Rvci8 (Google), https://open.spotify.com/show/1mBnYMtqkbGqP2xyEThAUc (Spotify), or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112 Follow Tulett, Matthews & Associates on social media on https://www.linkedin.com/company/tulett-matthews-&-associates-inc/ (LinkedIn), https://www.facebook.com/TulettMatthewsAssociates/ (Facebook), and more! Follow The Empowered Investor on https://www.facebook.com/theempoweredinvestor/ (Facebook), https://www.linkedin.com/company/theempoweredinvestor/ (LinkedIn), and https://www.instagram.com/theempoweredinvestor/ (Instagram)