The Empowered Investor

What happens if your financial advisor retires? Can you be confident your investments and retirement plan will stay on track? Why do so few advisors plan ahead? What should you be asking now to avoid costly surprises later? These are the questions we answer in today’s episode.Hosts Keith Matthews and Lawrence Greenberg dive into a crucial but often overlooked challenge for Canadian investors: advisor succession planning. You’ll get a clear breakdown of why so few advisors have a transition plan in place, what happens when they don’t, and how to protect yourself from service disruptions. The hosts share Tulett Matthews & Associates succession strategy and provide a checklist of actionable questions every investor should ask their advisory team.This episode is a must-listen for anyone approaching retirement or depending on a financial advisor for multi-decade guidance. Whether you’re worried about losing continuity, want to avoid the stress of change, or simply want to make sure your hard-earned assets are looked after, you’ll walk away more empowered and better prepared. Tune in to get straightforward advice and ask the right questions before it’s too late.Key Topics: ● Why advisor succession is a growing concern for investors (0:55) ● The surprising shortage of formal succession plans among Canadian advisors (3:05)● Average age and retirement timelines for industry professionals (3:26)● How investor surveys reveal major worries about advisor retirements (3:56) ● What happens when your advisor retires or leaves suddenly (5:30)● Risks of losing investment philosophy or quality service in transitions (5:59) ● Common reasons advisors don’t create timely succession strategies (6:22) ● The financial, mentoring, and training hurdles to building a strong advisory team (7:00)● How coasting and semi-retirement can erode client service (8:07) ● Real-life case study: building a multi-decade succession plan at Tulett, Matthews & Associates (8:46) ● Lessons learned from navigating health scares and planning for continuity (10:33) ● Designing a client-centered team: hiring, training, and mentoring next-gen advisors (11:23) ● The importance of consistent investment and planning philosophies (12:24) ● Building a multi-generational advisory firm vs. Solo practitioners (13:07)● Communicating succession plans proactively with clients (13:15) ● How team processes and departments improve service quality and continuity (14:02) ● Keys to successful transition: early communication, multi-year handoffs, shared philosophy (16:30) ● Must-ask questions for your advisory team about retirement and succession (18:02) ● How to assess your advisor’s plan and protect yourself as a client (18:43) ● The long-term benefits of choosing a firm with a real succession strategy (19:20) ● Quick recap of actionable lessons and advice (20:01)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.Follow Tulett,Matthews & Associates on social media: LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

How much money do you really need for retirement? Is your current plan actually aligned with your future spending habits, or are you at risk of falling short? When should you start planning and what are the biggest financial mistakes people make before and after they stop working? These are the questions we answer in today’s episode. Hosts Keith Matthews and Lawrence Greenberg break down the three distinct phases of retirement spending: the “Go-Go” years, the “Slow-Go” years, and the “No-Go” years. You’ll learn how spending patterns evolve, why most people underestimate costs, and how to avoid common pitfalls by making smarter assumptions. This episode is ideal for pre-retirees, retirees, and anyone who wants to get ahead of retirement planning. Find out how to calculate your real spending needs, make confident projections, and adjust your strategy with each stage of life. Tune in to get practical advice and clear strategies for a successful and fulfilling retirement. Key Topics: ● Why retirement spending deserves dedicated attention (1:41) ● Calculating your retirement spend rate - the key to peace of mind (2:55) ● The three phases: Go-Go, Slow-Go and No-Go years explained (4:12)● What drives up spending in the Go-Go years - travel, home upgrades, gifting (4:39)  ● Home maintenance vs. Home upgrades: what to include in your budget (6:05)● The 1% rule for annual home maintenance - how to apply it (6:40)● Why attitudes toward homeownership and downsizing keep shifting (8:33) ● Gifting and supporting adult children - new trends and how to plan responsibly (9:18)● The #1 mistake pre-retirees make: underestimating spending (10:55)● Lifestyle creep and aspirational spending - how it affects your plan (12:00) ● Why retirement spending often exceeds inflation and what that means for your budget (12:18) ● What changes in the Slow-Go years: health span, routine, and local living (13:02) ● No-Go years: planning for unpredictability and healthcare costs (14:24) ● Assisted living vs. Nursing homes - realistic cost estimates and strategies (16:29) ● Getting detailed: How to build a line-by-line retirement budget (17:44) ● What expenses disappear (mortgage, work, insurance) and what new costs arise (18:32)● Factoring in large purchases and aspirational spending to avoid shortfalls (20:28) ● How clients feel after using this three-stage budgeting approach (21:01) ● Why rules of thumb like “the 70% rule” often miss the mark (22:07) ● Personal experiences and lessons learned from early planning (23:37) ● Takeaways: Why starting early and revisiting your plan pays off (25:13)And much more!Mentioned in this Episode:● Canadian Retirement: Myths, Realities & Planning Guide● Pre-Retirement Financial Guide: Ages 50-65● Retirement Financial Guide: Ages 65+● Tulett,Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts.Follow Tulett,Matthews & Associates on social media: LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

Join host Keith Matthews and co-host Marcelo Taboada as they take a fascinating deep dive into the origins and rise of index funds, inspired by the documentary “Tune out the Noise.” In this episode Keith and Marcelo explore how index and passive investing has evolved from a radical idea in the 1960s to today’s gold standard for simplified, cost-effective, and evidence-based portfolio management.Go behind the scenes of “Tune Out the Noise” as they break down how the index fund revolution began in academia, overcame huge resistance from Wall Street, and ultimately changed the way everyday investors build wealth. Discover the pivotal roles played by innovators like David Booth, Jack Bogle, and Eugene Fama in shaping the landscape of modern investing.Along the way, Keith and Marcelo share real-world stories from investors who changed their fates by adopting indexing, plus their own “lightbulb” moments in navigating the shift from active to passive investing.For listeners feeling lost in the noise of investment advice, Keith and Marcelo offer clear perspective: focus on simplicity, discipline, and a long-term evidence based approach. Their message is a reminder that successful investing isn’t about chasing returns or complicated strategies, it’s about building a confident plan that empowers you to tune out the distractions and stay the course.Key Topics: ● “Tune Out the Noise” a documentary on the dramatic rise and value of index investing (0.00) ● Why index funds have “taken over” & what sets it apart from active management (3:11)● Real-life case studies: portfolios in 2004 vs. portfolios today (3:52) ● The shifting habits of new generations of investors (5:03)● How and why the index fund revolution began in the 1960s–1970s (6:17) ● The “data explosion,” academic research, and the birth of efficient market theory (7:00) ● Overcoming resistance: why “settling for average” actually beats chasing returns (8:01)● How the first institutional and retail index funds launched (9:23)● The impact of Jack Bogle, David Booth, and other key figures (9:32) ● Academic breakthroughs: Efficient Market Hypothesis and the power of data (9:40) ● Demonstrating grit: the personal stories of index investing’s pioneers (10:28) ● Dimensional’s early culture and how “shoe-selling morals” influenced business ethics (10:36) ● Surprising backgrounds of industry icons: farming, family hardships, and more (11:34) ● From active investor to passive advocate: why even industry insiders switched sides (14:06) ● What simplicity really looks like in a successful investment portfolio (14:53)● The importance of low fees, broad diversification, and ignoring the noise (15:47) ● Personal “aha moments”: how Keith and Marcelo embraced index investing (17:50) ● Final takeaways: markets work, costs matter, and diversification is your friend (24:00)And much more!Mentioned in this Episode:● Tune Out the Noise | Documentary Film● Canadian Wealth Management Is Changing: 4 Trends Investors Can’t Ignore● Tulett,Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts.Follow Tulett,Matthews & Associates on social media: LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, a...

What global trends are reshaping the way Canadians invest and plan for their financial future? How can you avoid paying unnecessary fees and take advantage of smarter ways to grow your wealth? What changes are coming in investor protection, and how will they impact your bottom line? These are the questions we answer in today’s episode.Join Keith Matthews and co-host Marcelo Taboada as they break down the four major global trends transforming wealth management: the rise of index funds, the shift toward independent financial firms, the growing importance of retirement planning, and enhanced investor protection and transparency.This episode is packed with practical insights for Canadians who want to take control of their investments, minimize costs, and secure a confident retirement. Tune in to get up to speed on the biggest trends, avoid costly mistakes, and make better financial decisions for your future.Key Topics: ● Why paying attention to industry trends matters for investors (1:31) ● Trend #1: The rise of index funds and what it means for Canadians (2:08) ● Comparing index funds and active management - global stats and myths debunked (2:14) ● Why Canada lags in index fund adoption and the cost to Canadians (3:10) ● The high cost of management fees in Canada vs. the world, and why it matters (3:55)● How index funds and transparency help you retire sooner (5:11)● Common misperceptions about investment fees and value (5:33) ● Worldwide acceleration of index investing and growing investor awareness (6:12)● Trend #2: The rise of independent financial firms (7:08) ● What makes independent advisors different from big bank brokerage models (7:56) ● How the U.S., U.K., and Australia are outpacing Canada in independent advice (8:00) ● CBC and OSC investigative reports shine a light on conflicts of interest at banks (9:57) ● The reality of sales culture vs. client-focused advice (11:08) ● Trend #3: Retirement planning as a growing priority for Canadians (14:46) ● Demographic shifts and the end of “one-size-fits-all” investment advice (15:03) ● Why thorough retirement planning is essential, not optional (15:39) ● Trend #4: New investor protection and transparency rules (16:18) ● What you’ll see on fee reports as CRM3 rolls out in Canada (17:56) ● How total cost reporting will empower Canadians to make smarter choices (18:05) ● The bottom-line value of understanding fees and service (19:17) ● Final advice for taking action in today’s changing landscape (19:42)And much more!Mentioned in this Episode:● Sales Culture Concerns at Five of Canada’s Bank-Affiliated Dealers | OSC● Hidden cameras reveal how big banks are upselling you (Marketplace)● Canadian Retirement: Myths, Realities, and Smart Planning Strategies   |  The Empowered Investor Podcast● Tulett,Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts.Follow

What does a “comfortable” retirement look like today, and how much do you actually need to fund it? Are you underestimating your spending levels, or overestimating what you can count on from savings & government pensions? Why are so many Canadians feeling less optimistic about retirement than they did 20 years ago? These are the questions we answer in today’s episode.Hosts Keith Matthews and Marcelo Taboada break down new data from Fidelity’s 2025 Retirement Report to show how retirement expectations, lifestyle costs, and income needs have shifted in the last 20 years. You’ll hear a clear, actionable framework for retirement planning, learn why old assumptions often fall short, and discover the real risks, from retirement lifestyle creep to helping adult children.If you’re thinking about retirement, whether it’s years away or just around the corner, this episode is for you. Tune in to get actionable tips and clarity on what it takes to retire securely in Canada’s changing landscape.Key Topics: ● The new complexity of retirement today (1:00) ● Why more people are worried, and less confident about retirement (2:07) ● How expectations for “comfortable” retirement income have changed (3:43) ● The impact of lifestyle creep and social media on retirement standards (4:28) ● How the average retirement age has shifted (5:58)● The growing wave of retirees: one in four Canadians by 2035 (6:38) ● The disappearance of defined benefit pensions and what it means for you (8:01) ● Delaying retirement: myth or necessity? (8:21) ● Why current savings rates may not be enough (8:58)● The rising trend of helping adult children financially and the hidden risks (9:25) ● Common extra expenses for retirees: day-to-day support, weddings, down payments (10:30)● Liquidity traps and tough choices around housing wealth (12:05)● The three stages of retirement expenses: Go-Go, Slow-Go, and No-Go years (13:13) ● Calculating your true “burn rate” for retirement (15:12) ● Tracking and projecting all sources of retirement income (16:53) ● Using smart, realistic assumptions in your projections (17:05)● The power of stress testing your retirement plan (18:18) ● Why ongoing review and adjustments are essential (20:24) ● The value of advice beyond just investment returns (21:05) ● Key takeaways and real action steps to start your own plan (22:17)And much more!Mentioned in this Episode:● 2025 Fidelity Retirement Report● Retirement Financial Guide: Ages 65+● Pre-Retirement Financial Guide: Ages 50-65● Tulett, Matthews & AssociatesThanks for Listening!Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts.Follow Tulett, Matthews & Associates on social media: LinkedIn, Facebook, and more!Follow The Empowered Investor on Facebook, LinkedIn, and Instagram.

Mid-Year Review 2025: Markets Weather Geopolitical Storms: In this episode, Keith Matthews and Marcelo Taboada dive into the first half of 2025, unpacking a period marked by global political turbulence, trade wars, and significant market volatility. They review how markets responded to headline-grabbing events like the U.S. and Canadian elections, dramatic tariff announcements, and ongoing geopolitical conflicts, reminding listeners that, despite the noise, portfolios have shown remarkable resilience.As always, their advice is to stay disciplined, diversified, and focused on long-term plans, not the headlines.Key Topics:● 2025’s biggest events: U.S. and Canadian elections, ongoing conflicts (00:01)● How Trump’s tariff policies triggered global market sell-offs (02:00)● Magnitude of the April market drop - returns by region (02:49)● The rapid market rebound: what sparked the 9% one day gain? (03:37)● Year-to-date review: asset class performance after the volatility (04:36) ● Surprising strength: which regions and asset classes outperformed? (05:12) ● Diversification wins: why globally balanced portfolios did well (05:46) ● The forced productivity push for Canada and Europe (06:33)● Defensive investing: military spending’s effect on European stocks (08:39)● 10-year returns show stocks’ edge over bonds - by a wide margin (09:33) ● Why bonds lagged: rising rates, debt, and returns explained (11:23) ● Implications of higher government debt and interest rates (12:44) ● Understanding valuations: Why the U.S. is “expensive” and what this means (13:01)● Future expected returns by region - a case for global diversification (14:16) ● The AI effect: How technology optimism is lifting markets (15:08)● Real lessons from volatility: why patience and discipline pay off (17:56) ● Closing takeaways: tune out noise, stick to the plan, and stay diversified (18:26)Thanks 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.

Host Keith Matthews welcomes David Andrew, founder of Capital Partners in Australia, for a discussion on global trends in independent advice and wealth management. Capital Partners is a leading edge independent Australian wealth management firm under David’s stewardship, Capital Partners was named Best Professional Practice in Australia by the Financial Advice Association of Australia in 2017, 2019 and 2024; the only firm to have received this award more than once. Together, David and Keith break down what Australian, Canadian and global investors have in common, the real-world dangers of conflicted advice, actionable ways to foster trust and transparency, and how family-focused planning creates lasting results. This discussion highlights how similarly investors think, feel, and behave - regardless of geographic location. You’ll get a behind-the-scenes view of how leading advisory firms build portfolios, guide client decisions and help clients spend smarter - without sacrificing peace of mind.“Across the globe, people seek the same fundamentals in wealth management: simplicity, transparency, alignment with their goals, and lasting peace of mind”. Key Topics: ● Welcome and why independent advice matters (0:00)● Australia vs. Canada: The rise of fee-only advisory firms (6:46)● Breaking the commissions trap: How regulation changed everything (8:04)● What happens when big banks lose client trust and what’s replaced them (10:06)● Real meaning of independence: Separating advice from product sales (10:53)● The “iceberg” of financial advice - what clients truly need vs. what’s usually sold (11:20)● The power of long-term planning: Helping clients retire earlier and happier (14:03)● Building trust and transparency in a modern firm (16:00)● How Capital Partners conducts discovery and values-based planning (17:14)● How fee-for-service models protect client interests (22:59)● Serving families: Approaches for business owners, professionals, and women in transition (21:47)● Exiting commissions: The step-by-step shift to true independence (22:58)● The role of trusts, estate planning, and multi-generational wealth (23:31)● Family meetings, stewardship, and transferring financial values (26:26)● Preparing kids and aging parents for financial transitions (27:55)● Investment philosophy: From failed active management to evidence-based portfolios (31:06)● How to weather market turbulence - advisor strategies that keep clients on track (35:33)● The logic of global diversification vs. home bias (37:08)● Tax efficiencies in the Australian system, and why they influence portfolio design (38:08)● Lessons learned from building a multi-decade advisory firm (42:11)● How to vet and select a truly client-centric, independent advisor (44:06)Mentioned in this Episode:● Tulett, Matthews & Associates● Capital PartnersThanks 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 exactly is an RESP and how can it be used to fund your child’s post-secondary education? What are the key rules around contributions, grants, and withdrawals? What should you do if your child doesn’t pursue higher education? In today’s episode, Laurence Greenberg and Jackson Matthews break down everything Canadian parents need to know about RESPs — from contribution limits and government grants, to withdrawal strategies and tax-efficient planning. Whether you’re opening your first account or optimizing an existing one, this episode offers clear answers and practical guidance. Don’t miss this essential overview that could help you unlock thousands in free education funding and avoid costly RESP mistakes. Tune in and feel more confident managing your child’s future education savings.Thank you for tuning in!Key Topics:● Introduction and post-tax season context (0:39)● What is an RESP? (0:56)● Contribution rules and lifetime limits (1:35)● Tax treatment of contributions and growth (1:42)● RESP grants: CESG, QESI, and CLB (2:25)● How much you can earn in grants (3:10)● What qualifies as post-secondary education (4:19)● What RESP funds can be used for (4:30)● Family plans vs. individual plans (5:11)● RESP withdrawal rules and tax treatment (6:00)● EAP withdrawals and tax planning strategies (6:52)● Common RESP mistakes (8:51)● What happens if a child doesn’t go to school (10:24)● RRSP rollover and penalty tax explanation (11:36)● Early lump sum contribution strategy (13:12)● Investing RESP funds over the time horizon (14:26)● Asset allocation by time horizon (16:15)● Tips to optimize RESP usage (16:38)● Importance of early planning and advisor support (17:39)● Episode closing thoughts (18:00)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.

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, a...

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, a...

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.