Glenn Stewardson is a certified financial planner with over 30 years of experience helping people experience joy in their retirement.

Today Glenn explains the common mistakes people make with their RRSPs, why most Canadians don’t have a financial plan, and the importance of having purpose in life and in retirement.

Today Glenn will cover:
🔹 The financial belief that quietly destroys wealth
🔹 Then number one mistake people make in their retirement
🔹 Three things you can do with money: spend, give it away, or pay taxes
🔹 The importance of taking risks to build the life you want
🔹 Teaching our youth about money the right way

Follow Glenn:
🌐 Website 👉 https://advisor.assante.com/Glenn-Stewardson/
🔗 LinkedIn 👉 https://www.linkedin.com/in/glenn-stewardson-cfp-fma-mfa-p-1769044/

⏱️ Timestamps:
00:00:00 Financial beliefs that hurt people
00:03:28 When to take money out from RSP
00:04:48 Tax planning around different TFSA vs RSP
00:07:13 Introduction to Glenn
00:08:55 Only three things you can do with money
00:09:30 Benefits of giving money away
00:14:01 Looking at schedules to find ways to minimize taxes
00:15:49 Think in 5 year cycles
00:17:41 Finding purpose in work and in retirement
00:22:46 Glenn’s relationship with money and getting into finances
00:28:08 Financial advisors deal in hope
00:30:34 Early struggles as a financial advisor
00:35:56 The importance of building trust with your customers
00:37:20 Opening yourself up and letting people in
00:40:46 Writing Your Joyful Retirement book
00:42:10 Why “Joy”?
00:43:25 Building the Joyful Retirement course
00:48:14 Business lessons from building an course
00:53:55 Why focus career on helping people with retirement
00:56:40 Lessons from people that retire as millionaires
00:57:25 Problem with today’s small business owners
00:58:13 Younger generation doesn’t want to buy businesses
01:02:13 Teaching younger people about money and finances
01:07:05 Is opening a TFSA as a teenager the best strategy?
01:08:47 Young people need to learn how to build good saving habits
01:13:58 Too much access to our financial information
01:15:24 How to think about life insurance
01:17:57 Personal question about Odum’s life insurance
01:21:03 How to talk to family about inheritance and a family will
01:24:32 Does debt transfer to children upon parents death?
01:25:47 Don’t get stuck with a big tax bill upon death!
01:29:18 You need to have some kind of plan on paper
01:30:16 Make sure your to protect your digital assets too
01:29:18 You need to have some kind of plan on paper
01:32:13 How to build good credit
01:34:16 Make your life what you want it to be!