Tag: Financial Planning
Financial Planning for Young Adults: Start Early, Save Smart (Ep. 39)

Financial Planning for Young Adults: Start Early, Save Smart (Ep. 39)

By |

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

What are the key financial steps young adults should take to build a strong foundation for their future?

In this episode, John and Alex Soutsos discuss financial planning for young adults. They explore the pivotal role early planning plays in securing long-term prosperity. Learn how starting early and making strategic savings can lead to a more secure financial future.

John and Alex discuss: 

  • (03:28) The importance and benefits of starting to invest as soon as possible 
  • (08:22) How a disciplined savings plan can combat lifestyle inflation and peer pressure 
  • (15:48) Managing social expectations with smart financial decisions
  • (18:05) Understanding the risks and management of longevity in financial planning
  • (20:05) Avoiding the need to rely solely on pensions for retirement security
  • And more

Whether you’re just starting your career or seeking ways to better manage your finances, this episode offers practical advice and insights to help you make informed decisions.

Connect with Med-Wealth Financial Services: 
Trump 2.0: Understanding the Impacts on Canada and the U.S. (Ep. 38)

Trump 2.0: Understanding the Impacts on Canada and the U.S. (Ep. 38)

By |

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

What can the year of the snake teach us about wealth and prosperity?

In this episode, John and Alex Soutsos discuss the intricate dynamics of wealth management in 2025 amid geopolitical influences and shifting market trends. As global events unfold, they delve into the complex world of tariffs, political leadership changes, and their impacts on the financial landscape, offering listeners a comprehensive understanding of the mechanisms driving economic growth. Tune in and discover how global political shifts and economic policies shape markets, and learn actionable insights to guide your investment strategy.

John and Alex discuss: 

  • (02:15) The impact of Trump’s policies on tariffs and trade, particularly Canada’s border security
  • (08:05) Key U.S. market trends, focusing on deregulation and the shift back to free enterprise principles
  • (14:34) Sector insights, highlighting opportunities in energy, autos, and small- to mid-cap stocks
  • (23:06) Addressing market corrections and the importance of agile investing
  • (31:41) Canada’s economic outlook and potential political shifts that could mirror U.S. market principles
  • And more

Connect with Med-Wealth Financial Services: 
Tax Planning for Leaving the Country with Kim Moody (Ep. 33)

Tax Planning for Leaving the Country with Kim Moody (Ep. 33)

By |

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

How much of your paycheck ends up as taxes?

In this episode, John and Alex Soutsos speak with Kim Moody, a CPA and founder of leading tax law and accounting firm, Moodys Private Client. This time, they dive into the realities and myths surrounding taxation in Canada, making it a crucial listen for anyone navigating the complex world of finance and taxes. Join in as they explore how taxes impact not just your wallet but your overall lifestyle.

John, Alex, and Kim discuss:

  • (03:28) The staggering impact of taxes on household budgets
  • (12:20) Global comparisons that reveal tax reform possibilities, like Estonia’s innovative tax model
  • (17:45) Consumption tax vs income tax
  • (22:27) What it takes to declare non-residency in Canada for tax purposes
  • (28:53) The nuances of becoming a non-resident for tax purposes and the potential opportunities abroad 
  • (37:42) The most common jurisdiction people move to when they decide to leave Canada
  • And more

Resources:

Connect with Med-Wealth Financial Services: 

Connect with Kim Moody:

About Our Guest: 

Kim is a CPA and the Founder and Director of one of Canada’s premier tax law and accounting firms encompassed under the common brand of Moodys Private Client. For decades, he has helped clarify and simplify the complexities of the tax system for his clients, and continues to provide this clarity today. Kim has taken on nearly every prominent role in the tax profession and wants to share what he’s learned with the world. He is an Amazon best-selling author and a regular contributor to the Financial Post newspaper.

FEATURE
Financial Planning Essentials for Later in Life (Ep.29)

Financial Planning Essentials for Later in Life (Ep.29)

By |

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

How well have you prepared for unexpected expenses later in life?

John and Alex Soutos discuss the financial considerations and challenges that come with major life events such as divorce and managing declining health. They emphasize the importance of being financially prepared for these events, including the cost of legal advice and proceedings in divorce cases, the need for long-term care insurance, and the impact of declining health on financial stability.

John and Alex discuss: 

  • How much protection can a prenuptial agreement provide? 
  • What is the best way to proceed upon marital breakdown? 
  • What financial and interpersonal challenges can arise with a second marriage, and why is it important to plan and communicate expectations?
  • Why is it crucial to consider long-term care insurance to cover the potential costs of managing declining health?
  • How can proactive financial planning, including the use of insurance, help mitigate the financial risks associated with major life events?
  • And more

Connect with Med-Wealth Financial Services: 

Archives

Categories