Скачать или смотреть The Risks of Adding Names to a Joint Account

In this episode, the hosts discuss the impact of hoarding cash on retirement planning. They explore the psychology behind hoarding cash, including fear of loss, lack of financial literacy, and the illusion of safety. The hosts emphasize the importance of investing for long-term needs rather than relying solely on savings accounts and GICs. They also highlight negative practices of banks, such as offering temporary high-interest rates and imposing fees. The episode concludes with a discussion on the importance of education and seeking professional advice when making financial decisions. This conversation covers various topics related to banking, estate planning, investing, and the role of cash in a portfolio. The hosts discuss the misinformation provided by banks, particularly regarding joint ownership and estate planning. They emphasize the importance of proper estate planning and highlight the risks associated with joint ownership. The conversation also explores the benefits of dollar cost averaging and the role of cash in a portfolio. The hosts address common fears and misconceptions about investing and stress the importance of education and working with a trusted advisor. They discuss the risks of GICs and the challenges of estate settlement. The conversation concludes with a reminder to set goals, monitor progress, and stay informed about financial matters.