November 2, 2023 Personal Wealth Episode 277: The Cash Wedge w/ Phil Briggs, and the Four Ds of Tax Planning During this episode, Financial Advisor and Associate Portfolio Manager Phil Briggs joins us to discuss the ‘cash wedge’ financial strategy. He also shares his motivation for joining PWL Capital after kicking off his career in the banking industry. Next, Mark McGrath unpacks the four D’s of tax planning and how to implement them in your future planning. We review a much-loved past episode featuring Dr. William Bernstein and unpack the principles taught in Seth Godin’s latest book, The Song of Significance. During the aftershow, you’ll hear about our recent explorations in the world of infinite banking, Admired Leadership, and more. In closing, we share some of our favourite reviews from guests all over the world and offer a glimpse of what’s to come in upcoming conversations. Thanks for listening! Key Points From This Episode: (0:02:19) Phil’s introduction to financial services and his decision to join PWL. (0:07:06)The role of the podcast in helping Philip to take the plunge and leave his role at the bank. (0:09:35) What the ‘cash wedge’ strategy is and how it supports financial planning for retirement. (0:22:41) Stress-testing financial plans using the Monte Carlo simulation. (0:25:10) Mark McGrath joins the show for this episode’s Mark-to-Market segment. (0:29:54) Assessing which category RSPs fit into. (0:32:02) Past episode review: episode 108 with Dr. William Bernstein. (0:34:22) Reviewing Seth Godin’s book, The Song of Significance. (0:29:11) Seth’s principles on the road to significance. (0:39:53) The aftershow: infinite banking, Admired Leadership, and more. (0:42:43) Reviews from Canada, Australia, San Francisco, and beyond. (0:47:44) A teaser for two upcoming episodes. Participate in our Community Discussion about this Episode: https://community.rationalreminder.ca/t/episode-277-the-cash-wedge-w-phil-briggs-and-and-the-four-ds-of-tax-planning-discussion-thread/25831 Links From Today’s Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582.Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/Rational Reminder on X — https://twitter.com/RationalRemindRational Reminder on YouTube — https://www.youtube.com/channel/Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ Benjamin on X — https://twitter.com/benjaminwfelixBenjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/Cameron on X — https://twitter.com/CameronPassmoreCameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/Philip Briggs on LinkedIn — https://www.linkedin.com/in/phillip-briggs-cfp%C2%AE-cim%C2%AE-362436125/Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgrathcfp/‘Sustainable Withdrawal Rates from Retirement Portfolios’ — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1969021Megan McCoy on LinkedIn — https://www.linkedin.com/in/megan-mccoy-phd/Episode 108 — https://rationalreminder.ca/podcast/108Episode 226 — https://rationalreminder.ca/podcast/226Episode 217 — https://rationalreminder.ca/podcast/217 Share: Facebook Twitter LinkedIn Email CIRO Advisor Report
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