Fall 2021 Financial Workshops

We changed things up this Fall! We wanted to ensure IBEW members got the best possible
options to learn about and work on their personal finances.

We didn’t group the sessions by proximity to retirement. Rather we broke
things down into bite-sized sessions where any member of any age and any number of
years until retirement could join in to learn all of the essential aspects of their finances.

Spending & Cash Flow

Tuesday, October 19th at 10am-12:00pm virtually on GoToWebinar

This session is a must if you haven’t attended any financial webinar from Stephanie
Holmes-Winton before. No matter how close or far away retirement is, your cash flow is
a crucial component of your financial health. This session will provide you with practical
strategies to increase your cash flow capacity even if you feel like you’ve got that part of
your finances under control.

Watch the recording to learn about:

  • Strategies to manage cash flow to make the most of your resources
  • Behaviour-based cash flow management and how it’s different than budgeting
  • How to free up more cash flow to save and invest in your future without giving up your lifestyle today

Debt and Credit

Tuesday, October 19th at 1:00pm-3:00pm virtually on GoToWebinar

In this session, we cover debt management strategies for those who are decades away
from retirement, as well as those who will be retiring any day now. Debt is a financial
power tool, and even if you are on track to be debt-free in retirement, you should still
join this session as credit can still play a role in your retirement. No matter how much
or how little debt you have, you’ll learn practical strategies to reduce the cost of debt
and improve your credit score. 

Watch the recording to learn about:

  • How debt impacts current and retirement resources
  • How to ensure you’re on track to be debt-free by retirement
  • Interest rates vs cost of debt
  • Why being debt-free by retirement doesn’t mean you won’t use debt during retirement (car loans and more) 
  • Debt negotiation strategies
  • How credit scores work
  • How credit scores impact more than debt

Savings and Investments

Wednesday, October 20th at 10:00am-12:00pm virtually on GoToWebinar

In this session, we cover everything from how to calculate your emergency savings
goal to all of the other places you can invest your money to grow your nest egg over
time. We review all of the common types of investments, including fees, taxation, and
easy ways to learn about the investments you already have.

Watch the recording to learn about:

  • Saving for multiple goals at once
  • How savings interest rates work
  • Emergency savings goals
  • Types of investments
  • Risk, taxation and how to research different investment and savings options

Retirement Income Planning

Thursday, October 21st at 10:00am-12:00pm virtually on GoToWebinar

Many of your decisions when you’re 25 or 35 will affect the quality of
retirement you’ll experience.  Don’t wait until you’re closer to retirement to join this
session.  It’s also not too late to join if you’re due to retire soon. There are so many
things you can control about how you take your retirement income. It’s so
important to know your options, and control all of those retirement variables you can,
to get the best possible outcome for you!

Watch the recording to learn about:

  • Government and private sources that form your retirement income
  • Taxation of sources of income
  • RRSPs vs TFSAs
  • Interactions between different types of retirement income

Financial Planning

Thursday, October 21st at 1:00-2:30pm virtually on GoToWebinar

A financial plan isn’t worth the paper it’s printed on if you don’t use it. Too often, people have no written financial plan. Some have a really complicated binder full of projections
but are unsure how to implement the strategies. Financial planning is not one-size-fits-all. If you own multiple properties or a business, you may need a more complicated plan. But you may need a simple modular plan that covers certain aspects of your finances. Find out more about financial planning and how to evaluate your needs. Learn about the people and organizations that provide financial plans or planning tools. 

Watch the recording to learn about:

  • Full financial plans vs modular plans
  • Types of financial professionals 
  • Fees and commissions
  • Interviewing and choosing an advisor