Jason Heath: Financial Planning 101 | TWB Podcast #27

Our guest this episode is Jason Heath—Managing Director at Objective Financial Partners and one of Canada’s most respected fee-only/advice-only financial planners.

In this episode, Dave and Jason cover the foundations of financial planning in Canada, tackling hot-button topics like RRSPs vs. TFSAs, reverse mortgages, annuities, CPP/OAS timing, insurance planning, estate-planning pitfalls and more. They also discuss how to prioritize financial goals, avoid common mistakes and build a plan that actually works in the real world.

Whether you’re planning for retirement, building your financial future or just want a clearer understanding of how all the pieces fit together, this episode is a masterclass in financial planning.

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Show Notes

(00:00) Intro & Disclaimer

(00:55) Intro to Jason Heath

(03:00) The Rising Cost of Living in Canada

(05:00) The Pros and Cons of Getting Financial Information from Finfluencers

(10:06) Investing vs. Financial Planning

(12:47) Objective Financial Partner’s Clients and Services

(15:10) Estate Planning

(18:41) Reverse Mortgages Get a Bad Rap

(21:04) Use Cases for Annuities

(24:24) People Don’t Want to Listen to the Experts and Defer CPP and OAS

(25:31) TFSAs vs. RRSPs

(27:54) Decumulation Planning for Retirees

(33:01) Disability Insurance

(35:29) Life Insurance

(40:04) Gifting Money to Kids

(41:52) Estate Planning Mistakes

(44:24) The Importance of Prioritization in Financial Planning

(49:34) Financial Education and Finding Balance