After November 7, 2024 at 11pm ET, this session will still be available to support your learning, but it will no longer qualify for CE credits because they will have expired.
In this session, we’ll help you ensure you’ve done all you can to protect the wealth you helped your clients create from all debt-related risks you never saw coming. We’re excited to have guest presenter, Scott Melvin, Mortgage Professional and CCS, join us to present this topic alongside CacheFlo CEO, Stephanie Holmes-Winton. He’ll help us turn some potential “oh no” moments into “ah-ha” moments, and provide some practical strategies to support even wealthy clients when it comes to debt management.
Debt management should be a default process that all financial advisors and planners take clients through regularly. There are the obvious issues that debt can cause, and there are several lesser known risks your clients could be unknowingly taking.
One of the biggest threats to your client’s successful retirement is the other side of their balance sheet. According to the Retirement Interrupted survey, 62% of Canadians have delayed retirement due to a lack of sufficient savings or investments, and 40% made the same choice due to their debt levels. Even those who retire with what once seemed like a manageable amount of debt may have an unpleasant shock to their cash flow as interest rates and the cost of living rise.
The risk of skipping debt management doesn’t just set mid-market clients up to retire with debt, or be unable to afford to save enough; it can also trip up your wealthier clients. There are several, often shocking, problems you can create for high-net-worth households when their debt strategy and any downsizing planning isn’t on your radar. You could leave the wealthiest of clients stressing about big lifestyle changes they want to make in their retirement, and it’s completely avoidable.
Find out more about the easy start path through the Cash Flow Planning Implementation Program* ($249 +tx one-time payment). There will be one more kick- off event this year on November 14, 2024. Sign up now and choose your kick-off date to take advantage of the BONUS Cash Flow Opportunities Assessment tool.
Stephanie Holmes-Winton is the CEO and Founder of CacheFlo. The concepts that CacheFlo’s products are based on were developed during her decade working as an independent financial advisor from 2001 to 2011. She then sold her practice and took her concept to start a training program for other advisors.
In 2013, Stephanie launched the Certified Cash Flow Specialist designation program (which qualifies for 31 FP Canada-Approved CE Credits). Soon after came the original version of the professional cash flow planning software. Stephanie has written two books on spending and debt: Defusing the Debt Bomb, and $pent. She’s also been a regular contributor in media, including CBC Radio and CTV, and her advice has been featured in publications from coast to coast.
