The Blue Oceans Retirement Podcast

By: David Little Senior Wealth Advisor with Blue Oceans Private Wealth of iA Private Wealth
  • Summary

  • Welcome to The Blue Oceans Retirement Podcast, where we help you prepare for the next chapter of your life. Whether you're already retired or just thinking about it, this show is for you.Join our host, David Little, Senior Wealth Advisor with Blue Oceans Private Wealth at iA Private Wealth Inc., as he guides you through the financial and mental aspects of retirement. From setting retirement goals and creating a budget to navigating the emotional challenges of leaving the workforce, David covers it all.Tune in each month for professional advice, real-life stories, and practical tips to help you make the most of your retirement. Join us on The Blue Oceans Retirement Podcast as we help you prepare for the next adventure in your life.David Little is a Senior Wealth Advisor with iA Private Wealth Inc., member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates.
    © 2023 David Little
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Episodes
  • Tax Free Retirement Income from Home Equity Bank
    Jun 15 2023

    Welcome to our latest podcast episode featuring Omesh Varma, business development manager at Home Equity Bank. In this episode, we delve into the intriguing topic of reverse mortgages and explore the benefits they offer. Our host, David, starts off by admitting his initial skepticism about reverse mortgages but is now intrigued by recent changes in the industry. Omesh enlightens us about the evolution of reverse mortgages, explaining how they have become more consumer-friendly over the years.

    As the conversation unfolds, Omesh breaks down the concept of reverse mortgages, highlighting how they allow Canadians to access the equity in their homes tax-free, either through a lump sum or monthly payments. One of the standout features of a reverse mortgage, Omesh explains, is that there's no need for interest payments, making it especially appealing for retirees with fixed incomes. With the rising trend of retirees carrying debt, Omesh emphasizes the significance of reverse mortgages in providing financial flexibility and easing the burden of high interest payments.

    David and Omesh also discuss various scenarios where reverse mortgages prove invaluable. From helping adult children buy their own homes to funding home modifications for aging homeowners, reverse mortgages offer a range of possibilities. Omesh mentions a survey that revealed 93% of retired individuals prefer to stay in their current homes, making reverse mortgages an ideal solution to support their aging-in-place goals.

    The mechanics of reverse mortgages are explored, including the factors that determine the loan-to-value ratio and the minimum age requirement. Omesh emphasizes that reverse mortgages serve as a supplemental program for individuals who may not have sufficient retirement savings or who wish to eliminate debt obligations and enjoy their retirement income to the fullest.

    Throughout the episode, Omesh addresses common concerns and misconceptions about reverse mortgages. He dispels the notion that interest rates are exorbitantly high, explaining that rates have become more competitive and comparable to conventional lending rates. Omesh also assures listeners that the bank never takes ownership of the home and that clients are protected by non-recourse debt, ensuring they never owe more than the value of their property.

    Join us for this informative and eye-opening conversation with Omesh Varma of Home Equity Bank as we explore the benefits and possibilities of reverse mortgages. Whether you're a retiree seeking financial flexibility or someone curious about this financial tool, this episode will provide valuable insights and help you make informed decisions.

    David Little is a Senior Wealth Advisor with iA Private Wealth Inc., member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates.


    http://www.blueoceansprivatewealth.com
    https://www.facebook.com/BlueOceansPrivateWealth
    https://www.instagram.com/BueOceansPrivateWealth
    https://www.youtube.com/@BlueOceansPrivateWealth

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    20 mins
  • How to Avoid Estate Disaster with Estate Planning
    May 3 2023

    Discover the secrets of securing your legacy and protecting your loved ones with ClearEstate, an innovative estate planning and settlement solution. Join David as he speaks with Devon Miller, Director with ClearEstate. They discuss the importance of estate planning and share insights into the common pitfalls of handling an estate without proper preparation. Learn how ClearEstate's team of lawyers and estate planners can help you create a comprehensive plan that ensures your loved ones are protected and your estate is handled according to your wishes. Don't leave your legacy to chance – tune in to this episode and start planning your future today!

    David Little is a Senior Wealth Advisor with iA Private Wealth Inc., member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates.


    http://www.blueoceansprivatewealth.com
    https://www.facebook.com/BlueOceansPrivateWealth
    https://www.instagram.com/BueOceansPrivateWealth
    https://www.youtube.com/@BlueOceansPrivateWealth

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    22 mins
  • Retirement Income for Business Owning Families
    Mar 15 2023

    Join Senior Wealth Advisor David Little as we discuss the common concerns of his clients. David primarily works with business owners and professionals who are within five years of retirement and are seeking answers for a peaceful and comfortable retirement. Many of these clients have done a good job of accumulating assets but lack clarity on how to utilize them once they stop working.

    According to David, the vast majority of Canadians lack a formalized retirement income plan. This can lead to a precarious situation for those entering retirement without any idea of how their retirement will look, how much income they will have, or how long it will last. David stresses the importance of having a plan in place to provide peace of mind and ensure that retirement is a time of enjoyment and comfort.

    David Little is a Senior Wealth Advisor with iA Private Wealth Inc., member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates.


    http://www.blueoceansprivatewealth.com
    https://www.facebook.com/BlueOceansPrivateWealth
    https://www.instagram.com/BueOceansPrivateWealth
    https://www.youtube.com/@BlueOceansPrivateWealth

    Show more Show less
    11 mins

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