The Modern Cents Podcast

In this episode of the Modern Cents podcast, Andrea Thompson is joined by Adam Chapman, a certified financial planner, and co-host Jennifer Hughes, to discuss the often misunderstood financial product: annuities. We discuss a historical overview of annuities, tracing their origins back to Roman times and their evolution into a key component of retirement planning. Adam emphasizes the growing importance of annuities in today's retirement landscape, particularly as defined benefit pensions become increasingly rare. The discussion highlights how annuities can provide retirees with a guaranteed income stream, reducing financial stress and allowing for a more carefree retirement experience.

Articles discussed:

Unlocking the Annuity Puzzle
Is a life annuity better for men than managing your own retirement withdrawals from savings?

In this episode of the Modern Cents podcast, Andrea Thompson welcomes Jennifer Hughes, Modern Cents' newest Certified Financial Planner, to discuss her journey into financial planning, the importance of holistic financial strategies, and the evolution of the financial services industry. They explore the significance of client engagement, the vulnerability of financial planning, and the difference between investing and planning. Jennifer shares her passion for couponing and saving strategies, emphasizing the need for personalized financial advice and the human element in financial planning.

In this episode of the Modern Cents podcast, Andrea and Shay Steacy, a seasoned financial planner, discuss Shay's journey into the world of advice-only financial planning. They discuss the evolution of financial planning, the importance of values in the profession, and the significance of cash flow management. Shay shares her insights on the behavioral aspects of financial planning, emphasizing the need for emotional intelligence and understanding client relationships. The conversation highlights the importance of community and collaboration in the financial planning industry, as well as the personal values that drive Shay's approach to helping clients achieve their financial goals.

#adviceonlyplanning #values #financialplanning

In this podcast, we discuss David's experience with declaring bankruptcy at a young age - how this happened, what lead to his decision to go down the route of declaring backruptcy, and the aftermath and consequences of his decisions. Ultimately, this led him into an 'unconventional' financial services career path away from sales and towards supporting advisors and ultimately clients on their financial paths.

David takes his lessons into his work as an advice-only planner, guiding his clients into a place of financial stability and comfort.

Find David at:

www.kindwealth.ca

The Impact Investing Podcast - https://www.davidoleary.ca/the-impact-investing-podcast

Legacy planning is often neglected or not well understood in estate planning. Context Studios, founded by Andrea Lekushoff, aims to capture the life stories and legacies of individuals, families, and entrepreneurs through high-end film and podcast documentaries. The documentaries are divided into chapters and presented in a platform that resembles Netflix. The goal is to create a family heirloom that can be easily accessed and shared with future generations. Context Studios is a unique offering in the market, as there are no other platforms that provide this level of personalized storytelling. The company aims to normalize the capturing and sharing of stories, and believes that it will become as ubiquitous as will and power of attorney planning. Context Studios donates a portion of the proceeds to the Alzheimer's Society.

Like what you heard?

⁠Context Studios website⁠

⁠LinkedIn profile⁠

⁠Youtube⁠

#legacyplanning #estateplanning #legacy #storytelling #entrepreneurs #personalegacy

Chapters

00:00 Introduction to Legacy Planning and Context Studios

02:58 The Need for Capturing Untold Stories

06:01 The Concept and Process of Context Studios

09:03 The Personal Significance of Capturing Family Stories

12:08 Tailoring Documentaries to Individual and Family Stories

14:57 Legacy Planning as an Essential Component of Estate Planning

17:52 The Context of Someone's Life and the Future of Storytelling

19:47 Ideal Clients and the Importance of Storytelling

22:09 Addressing Hesitation and Offering Options for Camera-Shy Individuals

25:01 Customized Packages and Questionnaire Process

27:24 Security and Privacy Measures

29:09 Sharing and Accessibility of the Documentary

31:22 Documenting Governance Practices and Future Generations

33:45 Supporting the Alzheimer's Society

36:07 Pride in the Work and Invitation to Connect