<![CDATA[The Modern Cents Podcast]]>https://www.moderncents.caRiverside.fm (https://riverside.com)Tue, 15 Sep 2026 19:06:05 GMTFri, 20 Feb 2026 21:06:42 GMT60Andrea ThompsonWelcome to the Modern Cents Podcast, your guide to navigating the ever -evolving world of personal finance. Join me, Andrea Thompson, for insightful interviews and non -traditional perspectives on modern finance. Let's redefine the way we think about money together.episodicAndrea Thompsonandrea@moderncents.cano<![CDATA[The Modern Cents Minute: Lets Get Grounded]]>The episode begins with a reflection on the summer and the economic landscape, followed by a discussion on interest rates, inflation, labor markets, economic growth, and market volatility. The episode concludes with a focus on short-term noise versus long-term planning strategy, emphasizing the importance of discipline and long-term goals.

Takeaways

  • Focus on what you can control
  • Avoid timing the market
  • Revisit your goals and focus on the long-term

]]>31ba0f79-2406-4661-abb7-a94bae56a391Fri, 11 Sep 2026 15:45:00 GMT<p>The episode begins with a reflection on the summer and the economic landscape, followed by a discussion on interest rates, inflation, labor markets, economic growth, and market volatility. The episode concludes with a focus on short-term noise versus long-term planning strategy, emphasizing the importance of discipline and long-term goals.</p><p></p><p>Takeaways</p><ul><li>Focus on what you can control</li><li>Avoid timing the market</li><li>Revisit your goals and focus on the long-term</li></ul><p></p>no00:06:352The Modern Cents Minute: Lets Get Groundedbonus<![CDATA[The Modern Cents Minute: Ditch the Password Notebook Before It’s Too Late]]>The episode discusses the need for a digital transition in managing power of attorney responsibilities, highlighting the challenges with handwritten records and the importance of secure digital solutions. It explores dedicated password apps, ecosystem tech for digital legacy, and provides practical steps for implementing the transition.

Takeaways

  • Digital transition for power of attorney is essential
  • Implementing secure digital tools is crucial for managing power of attorney responsibilities

Chapters

  • 00:00 Preparing for Power of Attorney
  • 05:15 Implementing the Transition
]]>74c8e340-7ddd-40fb-b21a-8f5d056c5d0dFri, 03 Jul 2026 15:45:00 GMT<p>The episode discusses the need for a digital transition in managing power of attorney responsibilities, highlighting the challenges with handwritten records and the importance of secure digital solutions. It explores dedicated password apps, ecosystem tech for digital legacy, and provides practical steps for implementing the transition.</p><p></p><p>Takeaways</p><ul><li>Digital transition for power of attorney is essential</li><li>Implementing secure digital tools is crucial for managing power of attorney responsibilities</li></ul><p></p><p>Chapters</p><ul><li>00:00 Preparing for Power of Attorney</li><li>05:15 Implementing the Transition</li></ul>no00:05:312The Modern Cents Minute: Ditch the Password Notebook Before It’s Too Latebonus<![CDATA[The Modern Cents Minute: The RESP Loophole You're Missing]]>The episode discusses the importance of protecting a child's tuition fund, the risks associated with estate planning laws, and the impact of cross-border traps on the fund. It also provides solutions for ensuring the security of the fund through proactive planning and legal measures.

Takeaways

  • Protecting an RESP requires proactive estate planning
  • Avoid naming US citizens as subscribers or successors
  • Consider setting up a testamentary trust for ironclad security

Reference: https://privatewealth-insights.bmo.com/en/insights/estate-trust/considering-resps-part-your-estate-plan/

]]>2e626fb9-661c-4bae-bbeb-f5e57d6524bcFri, 26 Jun 2026 15:30:00 GMT<p>The episode discusses the importance of protecting a child's tuition fund, the risks associated with estate planning laws, and the impact of cross-border traps on the fund. It also provides solutions for ensuring the security of the fund through proactive planning and legal measures.</p><p></p><p>Takeaways</p><ul><li>Protecting an RESP requires proactive estate planning</li><li>Avoid naming US citizens as subscribers or successors</li><li>Consider setting up a testamentary trust for ironclad security</li></ul><p></p><p>Reference: <a rel="noopener noreferrer nofollow" href="https://privatewealth-insights.bmo.com/en/insights/estate-trust/considering-resps-part-your-estate-plan/" target="_blank">https://privatewealth-insights.bmo.com/en/insights/estate-trust/considering-resps-part-your-estate-plan/</a></p>no00:04:292The Modern Cents Minute: The RESP Loophole You're Missingbonus<![CDATA[The Modern Cents Minute: The $1.6 Billion Lost & Found]]>The episode discusses the topic of unclaimed money in Canada, highlighting the process of how money ends up in the Bank of Canada, the timeline for unclaimed money, and how individuals can search for unclaimed money. It provides valuable information on how to access unclaimed funds and encourages listeners to conduct their own searches.

Takeaways

  • Unclaimed money in Canada
  • How to search for unclaimed money

https://www.unclaimedproperties.bankofcanada.ca/

]]>c81b8958-b59d-49da-9cbe-d5a4ce1502c5Fri, 19 Jun 2026 15:30:00 GMT<p>The episode discusses the topic of unclaimed money in Canada, highlighting the process of how money ends up in the Bank of Canada, the timeline for unclaimed money, and how individuals can search for unclaimed money. It provides valuable information on how to access unclaimed funds and encourages listeners to conduct their own searches.</p><p></p><p>Takeaways</p><ul><li>Unclaimed money in Canada</li><li>How to search for unclaimed money</li></ul><p></p><p><a rel="noopener noreferrer nofollow" href="https://www.unclaimedproperties.bankofcanada.ca/" target="_blank">https://www.unclaimedproperties.bankofcanada.ca/</a></p>no00:04:59The Modern Cents Minute: The $1.6 Billion Lost & Foundfull<![CDATA[The Modern Cents Minute: Mortgage Renewal Mindfulness]]>The article discusses the impact of depressed home prices on mortgage holders in Canada, highlighting challenges in refinancing and accessing equity. It also provides advice on planning ahead and understanding mortgage options.

Takeaways

  • Refinancing challenges due to depressed home prices
  • Importance of planning ahead and understanding mortgage options

https://mortgage-analyzer-plus.replit.app/

]]>fad68c90-178c-4e57-851e-23082703ffedFri, 12 Jun 2026 15:30:00 GMT<p>The article discusses the impact of depressed home prices on mortgage holders in Canada, highlighting challenges in refinancing and accessing equity. It also provides advice on planning ahead and understanding mortgage options.</p><p></p><p>Takeaways</p><ul><li>Refinancing challenges due to depressed home prices</li><li>Importance of planning ahead and understanding mortgage options</li></ul><p></p><p><a rel="noopener noreferrer nofollow" href="https://mortgage-analyzer-plus.replit.app/" target="_blank">https://mortgage-analyzer-plus.replit.app/</a></p>no00:05:362The Modern Cents Minute: Mortgage Renewal Mindfulnessbonus<![CDATA[The Modern Cents Minute: The Prediction Pit]]>This episode of The Modern Cents Minute discusses the concept of prediction markets, their function, and the risks associated with them. It also highlights the inclusion of prediction markets in investment platforms and concludes with a warning about the dangers of engaging in prediction market gambling.

Takeaways

  • Prediction markets involve gambling on outcomes of various events.
  • Inclusion of prediction markets in investment platforms poses significant risks to investors.

Chapters

  • 00:00 Introduction to Prediction Markets
]]>774c8d27-3f93-4bef-9ddf-a5dbd7c5c5baFri, 05 Jun 2026 15:45:00 GMT<p>This episode of The Modern Cents Minute discusses the concept of prediction markets, their function, and the risks associated with them. It also highlights the inclusion of prediction markets in investment platforms and concludes with a warning about the dangers of engaging in prediction market gambling.</p><p></p><p>Takeaways</p><ul><li>Prediction markets involve gambling on outcomes of various events.</li><li>Inclusion of prediction markets in investment platforms poses significant risks to investors.</li></ul><p></p><p>Chapters</p><ul><li>00:00 Introduction to Prediction Markets</li></ul>no00:04:362The Modern Cents Minute: The Prediction Pitbonus<![CDATA[The Modern Cents Minute: Retirement Planning is Cash Flow Planning]]>The episode emphasizes the critical role of cash flow in retirement planning, highlighting the significance of understanding committed and spendable expenses. It provides insights into the impact of committed and spendable expenses on retirement lifestyle and the importance of tracking cash flow for effective retirement planning.

Takeaways

  • Cash flow is crucial for retirement planning
  • Understanding committed and spendable expenses is essential for retirement planning

Chapters

  • 00:00 The Importance of Cash Flow in Retirement Planning
]]>07f88e39-f1bb-48c9-9bfa-eae9177cd6faFri, 29 May 2026 15:00:00 GMT<p>The episode emphasizes the critical role of cash flow in retirement planning, highlighting the significance of understanding committed and spendable expenses. It provides insights into the impact of committed and spendable expenses on retirement lifestyle and the importance of tracking cash flow for effective retirement planning.</p><p></p><p>Takeaways</p><ul><li>Cash flow is crucial for retirement planning</li><li>Understanding committed and spendable expenses is essential for retirement planning</li></ul><p></p><p>Chapters</p><ul><li>00:00 The Importance of Cash Flow in Retirement Planning</li></ul>no00:05:292The Modern Cents Minute: Retirement Planning is Cash Flow Planningbonus<![CDATA[The Modern Cents Minute: Wealthsimple is Taking Over Your Life]]>Andrea discusses today's Wealthsimple announcement which introduces new features for managing children's money, data aggregation, household setup, partner marketplace, authorized trader feature, expansion into business checking, business checking features and benefits, portfolio line of credit, physical cash deposit locations, household expense tracking, insights on spending, and concludes with an overview of Wealthsimple's impact on the industry.

Takeaways

  • Wealthsimple introduces innovative features for managing children's money
  • Wealthsimple expands its services to include business checking and portfolio line of credit

Chapters

  • 00:00 Introduction to Wealthsimple Announcement
  • 05:10 Partner Marketplace and Authorized Trader Feature
]]>82e5618e-bedd-4399-8922-cea0de2a7daeFri, 22 May 2026 15:30:00 GMT<p>Andrea discusses today's Wealthsimple announcement which introduces new features for managing children's money, data aggregation, household setup, partner marketplace, authorized trader feature, expansion into business checking, business checking features and benefits, portfolio line of credit, physical cash deposit locations, household expense tracking, insights on spending, and concludes with an overview of Wealthsimple's impact on the industry.</p><p></p><p>Takeaways</p><ul><li>Wealthsimple introduces innovative features for managing children's money</li><li>Wealthsimple expands its services to include business checking and portfolio line of credit</li></ul><p></p><p>Chapters</p><ul><li>00:00 Introduction to Wealthsimple Announcement</li><li>05:10 Partner Marketplace and Authorized Trader Feature</li></ul>no00:10:25The Modern Cents Minute: Wealthsimple is Taking Over Your Lifefull<![CDATA[The Modern Cents Minute: Why we're all obsessed with Finfluencers]]>The episode discusses the growing influence of social media influencers in providing financial advice and the potential pitfalls of following oversimplified strategies. It emphasizes the importance of personalized financial planning and the need to approach social media content with skepticism and curiosity.

Takeaways

  • Financial advice from social media influencers
  • Personalized financial strategies

Globe Article

]]>e4a6a8b2-6cc3-4d28-8f52-138c741a017eFri, 15 May 2026 15:45:00 GMT<p>The episode discusses the growing influence of social media influencers in providing financial advice and the potential pitfalls of following oversimplified strategies. It emphasizes the importance of personalized financial planning and the need to approach social media content with skepticism and curiosity.</p><p></p><p>Takeaways</p><ul><li>Financial advice from social media influencers</li><li>Personalized financial strategies</li></ul><p></p><p><a rel="noopener noreferrer nofollow" href="https://www.theglobeandmail.com/investing/personal-finance/retirement/article-finfluencer-online-creator-educated-wealthy-investors/" target="_blank">Globe Article</a></p>no00:04:582The Modern Cents Minute: Why we're all obsessed with Finfluencersbonus<![CDATA[The Modern Cents Minute: The Myth of the 5-Year Map]]>The conversation explores the challenges of perfect planning, the impact of unexpected life changes, the importance of adaptive planning, and the need to redefine value and purpose in financial planning. It emphasizes the concept of adaptive planning and the significance of understanding the core purpose behind financial goals.

Takeaways

  • Adaptive planning
  • Redefining value
]]>42f681e4-116e-4c82-942e-1947313a381eFri, 08 May 2026 16:00:00 GMT<p>The conversation explores the challenges of perfect planning, the impact of unexpected life changes, the importance of adaptive planning, and the need to redefine value and purpose in financial planning. It emphasizes the concept of adaptive planning and the significance of understanding the core purpose behind financial goals.</p><p></p><p>Takeaways</p><ul><li>Adaptive planning</li><li>Redefining value</li></ul>no00:04:342The Modern Cents Minute: The Myth of the 5-Year Mapbonus<![CDATA[The Modern Cents Minute: Teaching Kids Financial Autonomy]]>Andrea Thompson discusses a strategy to teach financial autonomy to teens and preteens through the $100 monthly experiment. The experiment involves transferring $100 to the teen's account and letting them manage their non-essential expenses. Tips for implementing the experiment and the importance of review and reflection are also highlighted.

Takeaways

  • Teaching kids financial autonomy
  • Monthly budgeting strategy
]]>fc31a505-4f61-476f-b4e8-b628f33df2c5Fri, 01 May 2026 16:00:00 GMT<p>Andrea Thompson discusses a strategy to teach financial autonomy to teens and preteens through the $100 monthly experiment. The experiment involves transferring $100 to the teen's account and letting them manage their non-essential expenses. Tips for implementing the experiment and the importance of review and reflection are also highlighted.</p><p></p><p>Takeaways</p><ul><li>Teaching kids financial autonomy</li><li>Monthly budgeting strategy</li></ul>no00:04:422The Modern Cents Minute: Teaching Kids Financial Autonomybonus<![CDATA[The Modern Cents Minute: Retirement or Sustainability?]]>Andrea Thompson introduces the Modern Cents Minute, a new weekly feature that aims to provide high signal insights from real-world client situations in modern financial planning. The first episode focuses on a client conversation that highlights the shift from retirement planning to a deeper concern for sustainability and resilience in the face of changing circumstances.

Takeaways

  • Resilience
  • Immediate fear of sustainability

Chapters

  • 00:00 Introducing the Modern Cents Minute
]]>db44c320-70e5-4e0a-be75-f80e8f6c086eThu, 23 Apr 2026 15:45:10 GMT<p>Andrea Thompson introduces the Modern Cents Minute, a new weekly feature that aims to provide high signal insights from real-world client situations in modern financial planning. The first episode focuses on a client conversation that highlights the shift from retirement planning to a deeper concern for sustainability and resilience in the face of changing circumstances.</p><p></p><p>Takeaways</p><ul><li>Resilience</li><li>Immediate fear of sustainability</li></ul><p></p><p>Chapters</p><ul><li>00:00 Introducing the Modern Cents Minute</li></ul>no00:05:4225The Modern Cents Minute: Retirement or Sustainability?bonus<![CDATA[From Every Town to Settling Down: A Chat with Vikki Brown]]>The conversation covers Vikki Brown's career transition from travel consulting to financial planning, her experience in cross-border planning, the intersection of financial planning and travel, the shift to virtual financial planning, and her personal interest in powerlifting. Vikki's journey highlights the diverse paths that can lead to a successful career in financial planning and the unique challenges and opportunities of cross-border financial planning.

Takeaways

  • Career Transition
  • Cross-Border Planning

Chapters

  • 00:00 Introduction and Career Beginnings
  • 04:52 Transition to Financial Services
  • 09:56 Moving Across Borders
  • 15:08 Financial Planning and Travel
  • 20:11 Virtual Financial Planning
  • 24:58 Powerlifting and Conclusion
]]>1c80820a-f743-4049-9dbe-130666eb14fcTue, 24 Mar 2026 19:09:02 GMT<p>The conversation covers Vikki Brown's career transition from travel consulting to financial planning, her experience in cross-border planning, the intersection of financial planning and travel, the shift to virtual financial planning, and her personal interest in powerlifting. Vikki's journey highlights the diverse paths that can lead to a successful career in financial planning and the unique challenges and opportunities of cross-border financial planning.</p><p></p><p>Takeaways</p><ul><li>Career Transition</li><li>Cross-Border Planning</li></ul><p></p><p>Chapters</p><ul><li>00:00 Introduction and Career Beginnings</li><li>04:52 Transition to Financial Services</li><li>09:56 Moving Across Borders</li><li>15:08 Financial Planning and Travel</li><li>20:11 Virtual Financial Planning</li><li>24:58 Powerlifting and Conclusion</li></ul>no00:27:36From Every Town to Settling Down: A Chat with Vikki Brownfull<![CDATA[Building an Independent Life and Navigating Today's Mortgage Market with Emily Miszk]]>Today on the podcast, we discuss Emily's journey in the mortgage industry, her transition to independence, and the balance between work and family life. We also discuss her role as a coach and mentor in the mortgage industry, as well as the importance of understanding mortgage rates and planning.

Find Emily:

@emilymortgagebroker (Instagram)

@emilymiszk5532 (Youtube)

https://www.portcreditmortgages.com/

Chapters

  • 00:00 Understanding Mortgage Rates and Planning
  • 25:20 Building a Trusted Team for Real Estate
  • 31:40 Considerations for New Canadians Seeking a Mortgage
  • 36:44 Understanding the 5 C's of Credit for Mortgage Applications
  • 46:07 Mortgage Renewal Fears
]]>6b1504eb-11c7-4f1c-a3a1-484896d4da91Fri, 20 Feb 2026 21:12:08 GMT<p>Today on the podcast, we discuss Emily's journey in the mortgage industry, her transition to independence, and the balance between work and family life. We also discuss her role as a coach and mentor in the mortgage industry, as well as the importance of understanding mortgage rates and planning.</p><p></p><p>Find Emily:</p><p>@emilymortgagebroker (Instagram)</p><p>@emilymiszk5532 (Youtube)</p><p><a rel="noopener noreferrer nofollow" href="https://www.portcreditmortgages.com/" target="_blank">https://www.portcreditmortgages.com/</a><br /></p><p></p><p>Chapters</p><ul><li>00:00 Understanding Mortgage Rates and Planning</li><li>25:20 Building a Trusted Team for Real Estate</li><li>31:40 Considerations for New Canadians Seeking a Mortgage</li><li>36:44 Understanding the 5 C's of Credit for Mortgage Applications</li><li>46:07 Mortgage Renewal Fears</li></ul>no01:02:3323Building an Independent Life and Navigating Today's Mortgage Market with Emily Miszkfull<![CDATA[Resilience and Redemption: Overcoming Financial Ruin with Elias Ben Khelifa]]>Elias Ben Khalifa, a seasoned real estate broker, shares his personal story of resilience and redemption in the face of financial ruin. He discusses his early experiences as a realtor, the challenges he faced, and the importance of consumer education in navigating complex financial decisions. Elias joined a multi-discipline organization and was promised a career path towards partnership, but the company eventually faced financial mismanagement and legal issues.

Elias also discusses his personal experience of being financially devastated and the impact it had on his personal life and relationships. He shares how he eventually found support and mentorship to rebuild his life and shares his personal journey of overcoming financial struggles and finding success in the real estate industry. He discusses the challenges he faced, including a failed business venture and a period of self-doubt and depression.

Through the support of his mentors and his wife, Elias was able to rebuild his confidence and excel in his career. He emphasizes the importance of honesty, asking questions, and seeking advice when making financial decisions. Elias also highlights the potential of private mortgage investments and the need for due diligence and independent advice.



















]]>https://podcasters.spotify.com/pod/show/modern-cents/episodes/Resilience-and-Redemption-Overcoming-Financial-Ruin-with-Elias-Ben-Khelifa-e2jc4i44ba60d28-483e-4fa0-9b27-9ff72e7a5760Thu, 09 May 2024 13:30:00 GMT<p>Elias Ben Khalifa, a seasoned real estate broker, shares his personal story of resilience and redemption in the face of financial ruin. He discusses his early experiences as a realtor, the challenges he faced, and the importance of consumer education in navigating complex financial decisions. Elias joined a multi-discipline organization and was promised a career path towards partnership, but the company eventually faced financial mismanagement and legal issues. </p> <p>Elias also discusses his personal experience of being financially devastated and the impact it had on his personal life and relationships. He shares how he eventually found support and mentorship to rebuild his life and shares his personal journey of overcoming financial struggles and finding success in the real estate industry. He discusses the challenges he faced, including a failed business venture and a period of self-doubt and depression. </p> <p>Through the support of his mentors and his wife, Elias was able to rebuild his confidence and excel in his career. He emphasizes the importance of honesty, asking questions, and seeking advice when making financial decisions. Elias also highlights the potential of private mortgage investments and the need for due diligence and independent advice. <br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> <p><br /></p> no01:42:5713Resilience and Redemption: Overcoming Financial Ruin with Elias Ben Khelifafull<![CDATA[From Debt to Determined with David O'Leary]]>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



]]>https://podcasters.spotify.com/pod/show/modern-cents/episodes/From-Debt-to-Determined-with-David-OLeary-e2q8c0b10557d44-3938-4b97-bb0a-7eb7903199baMon, 28 Oct 2024 15:52:22 GMT<p>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.</p> <p>David takes his lessons into his work as an advice-only planner, guiding his clients into a place of financial stability and comfort.</p> <p><br /></p> <p><em><strong>Find David at:</strong></em></p> <ul> <li>www.kindwealth.ca</li> <li>The Impact Investing Podcast - https://www.davidoleary.ca/the-impact-investing-podcast</li> <p><br /></p> </ul> <p><br /></p> no01:11:2217From Debt to Determined with David O'Learyfull<![CDATA[Crossing the Border with Bryan Haggard]]>Summary

Bryan Haggard, CEO of Retire Mitten Financial, specializes in cross-border retirement planning for US-based families with ties to Canada. Retire Mitten helps US resident clients navigate the complexities of managing retirement accounts and benefits from both the US and Canada.

Andrea and Bryan focus on the challenges and complexities of cross-border retirement planning for US residents with Canadian exposure. The main themes include tax planning, estate planning, and the difficulties of finding knowledgeable cross-border financial planners. Key takeaways include the importance of early planning, understanding tax rates and potential exit taxes, and the value of working with professionals who specialize in cross-border planning. The conversation provides valuable insights for individuals considering a move from the US to Canada.

Takeaways

  • Cross-border retirement planning involves navigating the complexities of managing retirement accounts and benefits in both the US and Canada.
  • Currency management is an important consideration, with factors such as exchange rates and tax implications influencing decisions.
  • Retirement planning should focus on providing income in the native currency required for the desired lifestyle, especially for snowbirds or those with a cross-border retirement lifestyle. Early planning is crucial for individuals considering a move from the US to Canada.
  • Understanding tax rates in Canada, which are generally higher than in the US, is essential for effective cross-border retirement planning.
  • Potential exit taxes should be taken into account when planning a move from the US to Canada.
  • Finding knowledgeable cross-border financial planners can be challenging, but their expertise is invaluable in navigating the complexities of cross-border retirement planning.
  • Working with professionals who specialize in cross-border planning, such as cross-border lawyers and tax preparers, is important for comprehensive and effective planning.
  • The focus of cross-border financial planners is on comprehensive planning rather than just investment management.
]]>https://podcasters.spotify.com/pod/show/modern-cents/episodes/Crossing-the-Border-with-Bryan-Haggard-e2le1b932997aa1-c804-459c-b0dd-dd9ae7fe0a1aThu, 04 Jul 2024 15:45:00 GMT<p><strong>Summary</strong></p> <p>Bryan Haggard, CEO of Retire Mitten Financial, specializes in cross-border retirement planning for US-based families with ties to Canada. Retire Mitten helps US resident clients navigate the complexities of managing retirement accounts and benefits from both the US and Canada.</p> <p>Andrea and Bryan focus on the challenges and complexities of cross-border retirement planning for US residents with Canadian exposure. The main themes include tax planning, estate planning, and the difficulties of finding knowledgeable cross-border financial planners. Key takeaways include the importance of early planning, understanding tax rates and potential exit taxes, and the value of working with professionals who specialize in cross-border planning. The conversation provides valuable insights for individuals considering a move from the US to Canada.</p> <p><strong>Takeaways</strong></p> <ul> <li>Cross-border retirement planning involves navigating the complexities of managing retirement accounts and benefits in both the US and Canada.</li> </ul> <ul> <li>Currency management is an important consideration, with factors such as exchange rates and tax implications influencing decisions.</li> </ul> <ul> <li>Retirement planning should focus on providing income in the native currency required for the desired lifestyle, especially for snowbirds or those with a cross-border retirement lifestyle. Early planning is crucial for individuals considering a move from the US to Canada.</li> </ul> <ul> <li>Understanding tax rates in Canada, which are generally higher than in the US, is essential for effective cross-border retirement planning.</li> </ul> <ul> <li>Potential exit taxes should be taken into account when planning a move from the US to Canada.</li> </ul> <ul> <li>Finding knowledgeable cross-border financial planners can be challenging, but their expertise is invaluable in navigating the complexities of cross-border retirement planning.</li> </ul> <ul> <li>Working with professionals who specialize in cross-border planning, such as cross-border lawyers and tax preparers, is important for comprehensive and effective planning.</li> </ul> <ul> <li>The focus of cross-border financial planners is on comprehensive planning rather than just investment management.</li> </ul> no00:49:1515Crossing the Border with Bryan Haggardfull<![CDATA[Annuities Could Save Your Retirement (So Why Won’t Anyone Use Them?) — with Adam Chapman]]>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?


]]>https://podcasters.spotify.com/pod/show/modern-cents/episodes/Annuities-Could-Save-Your-Retirement-So-Why-Wont-Anyone-Use-Them---with-Adam-Chapman-e3dsc25914616f7-cc89-421d-bf83-8b93166e9e2eThu, 22 Jan 2026 14:30:00 GMT<p>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.</p><p><br /></p><p>Articles discussed:</p><p><br /></p><p><a href="https://www.moneysense.ca/columns/retired-money/unlocking-the-annuity-puzzle/" rel="noopener noreferrer nofollow" target="_blank">Unlocking the Annuity Puzzle</a></p><p><a href="https://www.theglobeandmail.com/investing/personal-finance/retirement/article-is-a-life-annuity-better-for-men-than-managing-your-own-retirement/" rel="noopener noreferrer nofollow" target="_blank">Is a life annuity better for men than managing your own retirement withdrawals from savings?</a></p><p><br /></p> no01:07:5322Annuities Could Save Your Retirement (So Why Won’t Anyone Use Them?) — with Adam Chapmanfull<![CDATA[Putting the Personal in Personal Finance with Shay Steacy]]>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

]]>https://podcasters.spotify.com/pod/show/modern-cents/episodes/Putting-the-Personal-in-Personal-Finance-with-Shay-Steacy-e2s712t77422982-2cb4-49b3-be9c-3433879766cbWed, 11 Dec 2024 18:13:53 GMT<p>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.</p> <p><br /></p> <p>#adviceonlyplanning #values #financialplanning</p> no00:37:1118Putting the Personal in Personal Finance with Shay Steacyfull<![CDATA[The Modern Cents Podcast (Trailer)]]>https://podcasters.spotify.com/pod/show/modern-cents/episodes/ep-e2lsott56c2cdec-382c-4ced-bfd9-d5a2c7821c39Wed, 10 Apr 2024 18:16:50 GMT-no00:00:24The Modern Cents Podcast (Trailer)trailer<![CDATA[Where Math Meets Heart with Jennifer Hughes]]>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.



]]>https://podcasters.spotify.com/pod/show/modern-cents/episodes/Where-Math-Meets-Heart-with-Jennifer-Hughes-e3danv676442c23-89ab-4be6-8ef8-b18bee7b1637Wed, 07 Jan 2026 18:00:01 GMT<p>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.</p><p><br /></p><p><br /></p> no00:45:2621Where Math Meets Heart with Jennifer Hughesfull<![CDATA[The Value of Advice-Only Planning with Justine Kelly]]>On today's podcast, Justine Kelly shares her journey in the financial industry and her transition to advice-only planning. She emphasizes the importance of putting the human side into financial planning and providing unbiased advice. Justine and Andrea discuss the challenges of evaluating the value of advice-only planning and the need for clear communication between clients and planners. They also share success stories that highlight the impact of holistic financial planning on clients' lives. Justine encourages anyone, regardless of their financial situation, to seek financial planning services.


Chapters

00:00 Introduction and Background

08:02 Choosing a Career in Financial Planning

14:11 Understanding Advice-Only Planning

22:06 Success Story: Early Retirement Planning

26:08 Success Story: Providing Support in Grief

31:04 Challenges in the Banking Industry

36:43 Evaluating Financial Planners

40:11 Financial Planning for Everyone



#financialplanner #financialplanning #adviceonlyplanning #values #goals

]]>https://podcasters.spotify.com/pod/show/modern-cents/episodes/The-Value-of-Advice-Only-Planning-with-Justine-Kelly-e2i9bl1f36754f8-0f53-4f8a-b9d8-d0aef688b967Thu, 11 Apr 2024 18:17:03 GMT<p>On today's podcast, Justine Kelly shares her journey in the financial industry and her transition to advice-only planning. She emphasizes the importance of putting the human side into financial planning and providing unbiased advice. Justine and Andrea discuss the challenges of evaluating the value of advice-only planning and the need for clear communication between clients and planners. They also share success stories that highlight the impact of holistic financial planning on clients' lives. Justine encourages anyone, regardless of their financial situation, to seek financial planning services.</p> <p><br /></p> <p><strong>Chapters</strong></p> <p>00:00 Introduction and Background</p> <p>08:02 Choosing a Career in Financial Planning</p> <p>14:11 Understanding Advice-Only Planning</p> <p>22:06 Success Story: Early Retirement Planning</p> <p>26:08 Success Story: Providing Support in Grief</p> <p>31:04 Challenges in the Banking Industry</p> <p>36:43 Evaluating Financial Planners</p> <p>40:11 Financial Planning for Everyone</p> <p><br /></p> <p><br /></p> <p>#financialplanner #financialplanning #adviceonlyplanning #values #goals</p> no00:42:5512The Value of Advice-Only Planning with Justine Kellyfull<![CDATA[Choosing to Rent with Vicki and Tom]]>Renting vs. buying a home is a complex decision that is influenced by various factors, including financial considerations, cultural values, and personal preferences. Renting should not be stigmatized or seen as a negative financial decision, as it can provide flexibility and stability. The decision to rent or buy should be based on individual values and goals, rather than societal expectations.

Andrea interviews clients Vicki and Tom, lifelong renters, who have unique perspectives to share on their experiences with housing and their choice to continue to rent versus the societal norm of buying a home.

#renting #rentvsbuy #homeownership #canadianrealestate #realestate #homes

]]>https://podcasters.spotify.com/pod/show/modern-cents/episodes/Choosing-to-Rent-with-Vicki-and-Tom-e2k78mqda40c220-5d0f-4649-87da-b583c5ea51e4Thu, 30 May 2024 16:35:00 GMT<p>Renting vs. buying a home is a complex decision that is influenced by various factors, including financial considerations, cultural values, and personal preferences. Renting should not be stigmatized or seen as a negative financial decision, as it can provide flexibility and stability. The decision to rent or buy should be based on individual values and goals, rather than societal expectations. </p> <p>Andrea interviews clients Vicki and Tom, lifelong renters, who have unique perspectives to share on their experiences with housing and their choice to continue to rent versus the societal norm of buying a home. </p> <p>#renting #rentvsbuy #homeownership #canadianrealestate #realestate #homes</p> no01:11:5314Choosing to Rent with Vicki and Tomfull<![CDATA[Unlocking Crypto: An interview with Skyler Senkowski]]>Andrea Thompson interviews Skyler from Ascend Crypto to discuss all things cryptocurrency and digital assets. They explore the basics of cryptocurrency, the economic purpose of blockchain, and the difference between cryptocurrency and digital assets. They also delve into the concept of tokenization and how traditional assets like stocks and real estate can be represented on the blockchain. The conversation highlights the importance of following the money and understanding the partnerships and use cases of different crypto projects.


Ascend Crypto website

10% Discount code for crypto courses: moderncents10


#cryptocurrency #digitalassets #blockchain #bitcoin #ethereum #nft

Legal Disclaimer

The contents of this podcast, including any insights or discussions, are provided for educational and informational purposes only and should not be considered as legal, tax, investment, or professional advice. The audience of this podcast is advised to seek specific advice from qualified professionals such as lawyers, accountants, or other relevant experts before making any decisions based on the content herein. We do not guarantee the accuracy, completeness, or reliability of any information presented in this podcast.

The information shared in this podcast is current as of the date of recording but may not always be accurate, timely, or suitable for every situation. Listeners are encouraged to review and update their understanding regularly to ensure accuracy, as even small discrepancies could significantly impact the applicability of the insights provided.

Any projections or hypothetical scenarios discussed in this podcast are based on certain assumptions, many of which may be beyond our control or scope. These projections are for illustrative purposes only and do not guarantee actual results. Rates of return mentioned in projections are not reflective of real returns and do not provide any assurance of future performance.

]]>https://podcasters.spotify.com/pod/show/modern-cents/episodes/Unlocking-Crypto-An-interview-with-Skyler-Senkowski-e2hd3vl73d0d0ea-f7e3-4f1f-8298-72a95468101aThu, 11 Apr 2024 18:16:50 GMT<p>Andrea Thompson interviews Skyler from Ascend Crypto to discuss all things cryptocurrency and digital assets. They explore the basics of cryptocurrency, the economic purpose of blockchain, and the difference between cryptocurrency and digital assets. They also delve into the concept of tokenization and how traditional assets like stocks and real estate can be represented on the blockchain. The conversation highlights the importance of following the money and understanding the partnerships and use cases of different crypto projects. </p> <p><br /></p> <p><a href="https://www.ascendcrypto.com/" rel="noopener noreferrer nofollow" target="_blank">Ascend Crypto website</a></p> <p>10% Discount code for crypto courses: moderncents10</p> <p><br /></p> <p>#cryptocurrency #digitalassets #blockchain #bitcoin #ethereum #nft </p> <p> Legal Disclaimer</p> <p> The contents of this podcast, including any insights or discussions, are provided for educational and informational purposes only and should not be considered as legal, tax, investment, or professional advice. The audience of this podcast is advised to seek specific advice from qualified professionals such as lawyers, accountants, or other relevant experts before making any decisions based on the content herein. We do not guarantee the accuracy, completeness, or reliability of any information presented in this podcast.</p> <p>The information shared in this podcast is current as of the date of recording but may not always be accurate, timely, or suitable for every situation. Listeners are encouraged to review and update their understanding regularly to ensure accuracy, as even small discrepancies could significantly impact the applicability of the insights provided.</p> <p>Any projections or hypothetical scenarios discussed in this podcast are based on certain assumptions, many of which may be beyond our control or scope. These projections are for illustrative purposes only and do not guarantee actual results. Rates of return mentioned in projections are not reflective of real returns and do not provide any assurance of future performance.</p> no01:11:0111Unlocking Crypto: An interview with Skyler Senkowskifull<![CDATA[Documenting your legacy for future generations with Andrea Lekushoff]]>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

]]>https://podcasters.spotify.com/pod/show/modern-cents/episodes/Documenting-your-legacy-for-future-generationswith-Andrea-from-CONTEXT-Studios-e2oajcm0be52569-4907-4d75-9b00-e0b961adf129Thu, 19 Sep 2024 14:49:00 GMT<p>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. <b><i>Like what you heard?</i></b></p><p><a rel="noopener noreferrer nofollow" href="www.contextstudios.ca" target="_blank">⁠Context Studios website⁠</a></p><p><a rel="noopener noreferrer nofollow" href="https://www.linkedin.com/company/context-studios-inc-canada/posts/?feedView=all" target="_blank">⁠LinkedIn profile⁠</a></p><p><a rel="noopener noreferrer nofollow" href="https://www.youtube.com/@ContextStudios" target="_blank">⁠Youtube⁠</a></p><p><br /></p><p>#legacyplanning #estateplanning #legacy #storytelling #entrepreneurs #personalegacy</p><p><br /></p><p><b>Chapters</b></p><p><br /></p><p>00:00 Introduction to Legacy Planning and Context Studios</p><p>02:58 The Need for Capturing Untold Stories</p><p>06:01 The Concept and Process of Context Studios</p><p>09:03 The Personal Significance of Capturing Family Stories</p><p>12:08 Tailoring Documentaries to Individual and Family Stories</p><p>14:57 Legacy Planning as an Essential Component of Estate Planning</p><p>17:52 The Context of Someone's Life and the Future of Storytelling</p><p>19:47 Ideal Clients and the Importance of Storytelling</p><p>22:09 Addressing Hesitation and Offering Options for Camera-Shy Individuals</p><p>25:01 Customized Packages and Questionnaire Process</p><p>27:24 Security and Privacy Measures</p><p>29:09 Sharing and Accessibility of the Documentary</p><p>31:22 Documenting Governance Practices and Future Generations</p><p>33:45 Supporting the Alzheimer's Society</p><p>36:07 Pride in the Work and Invitation to Connect</p>no00:39:0616Documenting your legacy for future generations with Andrea Lekushofffull