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SIMple Wealth Wisdom Podcast with Sim Gakhar

SIMple Wealth Wisdom Podcast with Sim Gakhar

By Sim Gakhar

I bring simple financial security ideas for successful business owners and professionals to help them build and maintain their lifestyle and legacy. Look for tax, accounting, legal, estate, and investment advice that you can use to protect and grow your wealth.
Currently playing episode

Insuring Business Success: Complexities of Corporate-Owned Life Insurance

SIMple Wealth Wisdom Podcast with Sim GakharApr 24, 2024

00:00
28:06
Insuring Business Success: Complexities of Corporate-Owned Life Insurance

Insuring Business Success: Complexities of Corporate-Owned Life Insurance

In this episode, we tackle the complexities of corporate-owned life insurance, offering essential insights for business owners. We pose fundamental questions that often perplex entrepreneurs, exploring topics such as insurance types for public and private companies, tax-efficient positioning strategies, and contingency planning for unforeseen circumstances. 


Join us as we discuss indispensable insurance products and the implications of holding them within the corporation. Tune in to gain invaluable knowledge for navigating the world of corporate insurance.
Disclaimer: The information* provided in the video is for informational purposes only and does not constitute financial advice. You should consult your financial planner or your Accountant regarding your situation.
*This video is for informational purposes only and is not financial or legal advice.


Calendly: ⁠⁠https://calendly.com/sim-gakhar⁠⁠
Instagram: ⁠⁠https://www.instagram.com/sim.gakhar/⁠⁠
Facebook: ⁠⁠https://www.facebook.com/simgakharinsurance⁠⁠
LinkedIn: ⁠⁠https://www.linkedin.com/in/simgakhar/⁠⁠


#FinancialWisdom #PodcastSnippet #SG #SGWealth #SimGakhar #SIMpleWealthWisdom #SIMpleStrategies #SIMpleWealthWisdomPodcast #Corporatelyownedlifeinsurance #QnAwithSim #Corpporatelyownedlifeinsurance #Participatingwholelife

Apr 24, 202428:06
SECURING SUCCESS: A GUIDE TO SEGREGATED FUNDS FOR ENTREPRENEURS

SECURING SUCCESS: A GUIDE TO SEGREGATED FUNDS FOR ENTREPRENEURS

Discover the ins and outs of segregated funds with Charu Mathur from RBC in this episode. Learn how these funds benefit self-employed and business owners, compare to other investment options, and play a vital role in retirement and succession planning. Explore the costs and regulatory aspects, and gain insights into allocating segregated funds effectively within your investment portfolio. Tune in for expert advice tailored to entrepreneurial endeavors.Calendly: ⁠⁠https://calendly.com/sim-gakhar⁠⁠
Instagram: ⁠⁠https://www.instagram.com/sim.gakhar/⁠⁠
Facebook: ⁠⁠https://www.facebook.com/simgakharinsurance⁠⁠
LinkedIn: ⁠⁠https://www.linkedin.com/in/simgakhar/
Disclaimer: The information* provided in the video is for informational purposes only and does not constitute financial advice. You should consult your financial planner or your Accountant regarding your situation.
*This video is for informational purposes only and is not financial or legal advice.
#FinancialWisdom #PodcastSnippet #SG #SGWealth #SimGakhar #SIMpleWealthWisdom #SIMpleStrategies #SIMpleWealthWisdomPodcast #Corporatelyownedlifeinsurance #QnAwithSim #Corpporatelyownedlifeinsurance #Participatingwholelife

Apr 10, 202427:36
Navigating Tax Implications: Insights for Business Owners and Professionals

Navigating Tax Implications: Insights for Business Owners and Professionals

Unlocking the key to financial security and business success!

In our latest podcast episode, we explore the crucial role of insurance in the lives of business owners and self-employed professionals. Join Wai & I as we delve into topics like succession planning, tax implications, retirement strategies, and more—all to empower entrepreneurs to navigate the complex financial landscape with confidence. 


Tune in now and discover how insurance can be a powerful tool in securing your future and maximizing your business's potential! 


Disclaimer: The information* provided in the video is for informational purposes only and does not constitute financial advice. You should consult your financial planner or your Accountant regarding your situation.
*This video is for informational purposes only and is not financial or legal advice.


Calendly: ⁠⁠https://calendly.com/sim-gakhar⁠⁠
Instagram: ⁠⁠https://www.instagram.com/sim.gakhar/⁠⁠
Facebook: ⁠⁠https://www.facebook.com/simgakharinsurance⁠⁠
LinkedIn: ⁠⁠https://www.linkedin.com/in/simgakhar/⁠⁠


#FinancialWisdom #PodcastSnippet #SG #SGWealth #SimGakhar #SIMpleWealthWisdom #SIMpleStrategies #SIMpleWealthWisdomPodcast #Corporatelyownedlifeinsurance #QnAwithSim #Corpporatelyownedlifeinsurance #Participatingwholelife

Mar 27, 202425:40
Synergizing Assets: How Insurance Complements Business and Personal Holdings
Mar 13, 202426:27
Navigating High Net Worth Opportunities in Life Insurance

Navigating High Net Worth Opportunities in Life Insurance

Join Jim and me in an informative episode as we discuss the details of insurance for High Net Worth clients. Jim explores universal retirement concerns and strategies to optimize life insurance in this market. Delve into the phenomenon of "Shirtsleeves to Shirtsleeves," shedding light on generational wealth planning. Gain insights into the biggest regrets business owners face. Don't miss this enlightening discussion on securing financial legacies and navigating the challenges of wealth preservation. Disclaimer: The information* provided in the video is for informational purposes only and does not constitute financial advice. You should consult your financial planner or your Accountant regarding your situation.
*This video is for informational purposes only and is not financial or legal advice.
Calendly: ⁠https://calendly.com/sim-gakhar⁠
Instagram: ⁠https://www.instagram.com/sim.gakhar/⁠
Facebook: ⁠https://www.facebook.com/simgakharinsurance⁠
LinkedIn: ⁠https://www.linkedin.com/in/simgakhar/⁠
#FinancialWisdom #PodcastSnippet #SG #SGWealth #SimGakhar #SIMpleWealthWisdom #SIMpleStrategies #SIMpleWealthWisdomPodcast #Corporatelyownedlifeinsurance #QnAwithSim #EstatePlanning
#InsuranceInsights #HighNetWorth #LegacyPlanning #RetirementStrategies

Mar 06, 202426:56
Trust Tips and Tactics: Tax Planning for Passing Your Business to the Next Generation

Trust Tips and Tactics: Tax Planning for Passing Your Business to the Next Generation

Welcome to an insightful episode featuring Rajesh Chowdhry, a seasoned Financial and Business Consultant, as we delve into the intricate world of insurance and financial planning. Rajesh sheds light on the pivotal role of trust in financial planning, unraveling its essence and importance. We explore the significance of financial planning for business owners, distinguishing it from wealth planning. Rajesh shares expert insights on how insurance and its significance in wealth preservation.


Discover the details of tax planning and succession strategies, intertwined with the essential element of trust. Join us for a thought-provoking discussion packed with actionable tips for securing your financial future.


Disclaimer: The information* provided in the video is for informational purposes only and does not constitute financial advice. You should consult your financial planner or your Accountant regarding your situation.





*This video is for informational purposes only and is not financial or legal advice.





Calendly: ⁠https://calendly.com/sim-gakhar⁠

Instagram: ⁠https://www.instagram.com/sim.gakhar/⁠

Facebook: ⁠https://www.facebook.com/simgakharinsurance⁠

LinkedIn: ⁠https://www.linkedin.com/in/simgakhar/⁠





#FinancialWisdom #PodcastSnippet #SG #SGWealth #SimGakhar #SIMpleWealthWisdom #SIMpleStrategies #SIMpleWealthWisdomPodcast #Corporatelyownedlifeinsurance #QnAwithSim #EstatePlanning

Feb 28, 202426:36
Crafting Your Legacy: Essential Steps for Long-Term Financial Stability

Crafting Your Legacy: Essential Steps for Long-Term Financial Stability

Welcome to a thought-provoking episode with Lisa Laredo, a distinguished wills and estate lawyer, as we navigate wills and estate planning.


Lisa sheds light on the importance of having a comprehensive will in place and addresses the common practice of multiple wills. Learn about the intricacies of succession planning, the nuances of managing diverse assets for self-employed professionals and business owners, including properties like cottages and gain valuable insights on the frequency of will reviews and the considerations for international assets.


Lisa shares her expertise on drafting airtight wills and offers special tips for business owners and self-employed professionals. Join us for a riveting conversation that demystifies the complexities of estate planning and ensures your assets are protected according to your wishes.


Disclaimer: The information* provided in the video is for informational purposes only and does not constitute financial advice. You should consult your financial planner or your Accountant regarding your situation.



*This video is for informational purposes only and is not financial or legal advice.



Calendly: ⁠https://calendly.com/sim-gakhar⁠

Instagram: ⁠https://www.instagram.com/sim.gakhar/⁠

Facebook: ⁠https://www.facebook.com/simgakharinsurance⁠

LinkedIn: ⁠https://www.linkedin.com/in/simgakhar/⁠



#FinancialWisdom #PodcastSnippet #SG #SGWealth #SimGakhar #SIMpleWealthWisdom #SIMpleStrategies #SIMpleWealthWisdomPodcast #Corporatelyownedlifeinsurance #QnAwithSim #EstatePlanning #WillsandEstates #LegalInsights #PodcastDiscussion #LisaLaredo #AssetProtection

Feb 21, 202423:15
Unlocking Wealth: The Secrets of Estate Planning & Segregated Funds

Unlocking Wealth: The Secrets of Estate Planning & Segregated Funds

Welcome to an illuminating episode featuring Mitchell Singer, where we unravel the intricacies of estate planning and financial wisdom. Mitchell guides us through the key aspects of crafting a comprehensive estate plan and simplifies the concept of probate, shedding light on its cost and timing implications.


Discover strategies to navigate the expenses associated with probate and delve into the realm of segregated funds, a unique investment option. Mitchell tackles the tough question of why segregated funds might have higher management fees and whether the benefits outweigh the costs.


Join us for a thoughtful discussion on estate planning essentials and financial insights.


#EstatePlanning #FinancialWisdom #PodcastInsights #Investments #WealthManagement


Disclaimer: The information* provided in the video is for informational purposes only and does not constitute financial advice. You should consult your financial planner or your Accountant regarding your situation.


*This video is for informational purposes only and is not financial or legal advice.


Calendly: ⁠https://calendly.com/sim-gakhar⁠

Instagram: ⁠https://www.instagram.com/sim.gakhar/⁠

Facebook: ⁠https://www.facebook.com/simgakharinsurance⁠

LinkedIn: ⁠https://www.linkedin.com/in/simgakhar/⁠  


#FinancialWisdom #PodcastSnippet #SG #SGWealth #SimGakhar #SIMpleWealthWisdom #SIMpleStrategies #SIMpleWealthWisdomPodcast #Corporatelyownedlifeinsurance #QnAwithSim




Feb 14, 202429:23
Behind the Curtain: Insurance Designs and Strategy

Behind the Curtain: Insurance Designs and Strategy

In this episode, I talk to Mark Arruda of Sun Life about the world of insurance. Mark, who wears the hat of an actuary, breaks down the intricacies for business owners & self-employed professionals who may be unfamiliar with the term.
We delve into the landscape of insurance in Canada, exploring product types, popularity, and design. Mark shares valuable insights on the various ways business owners & self-employed professionals can leverage insurance, both in financial planning and during their lifetime.
Learn how corporate-owned life insurance can benefit successful business owners and self-employed professionals & discover strategies to access policy values without compromising liquidity. Discover the factors that influence insurance pricing and why securing it early holds immense value.
Tune in for a comprehensive discussion that clears the complexities of insurance for business owners & self-employed professionals.
Disclaimer: The information* provided in the video is for informational purposes only and does not constitute financial advice. You should consult your financial planner or your Accountant regarding your situation.
*This video is for informational purposes only and is not financial or legal advice.
Calendly: 
https://calendly.com/sim-gakhar
Instagram: https://www.instagram.com/sim.gakhar/
Facebook: https://www.facebook.com/simgakharinsurance
LinkedIn: https://www.linkedin.com/in/simgakhar/  
#FinancialWisdom #PodcastSnippet #SG #SGWealth #SimGakhar #SIMpleWealthWisdom #SIMpleStrategies #SIMpleWealthWisdomPodcast #Corporatelyownedlifeinsurance

Feb 07, 202427:07
Navigating Relationships & Protecting Finances

Navigating Relationships & Protecting Finances

Join me in a riveting episode with Anna-Marie, an expert in Family Law, as we unravel the secrets to safeguarding your net worth in personal and professional relationships.



From essential tips on marriage to crucial insights into family law, Anna-Marie shares invaluable advice for professionals, business owners, and entrepreneurs.



Don't miss out on the must-know strategies for protecting your finances when navigating the complexities of relationships and divorce. Tune in for a wealth of knowledge on securing your financial well-being.



Disclaimer: The information* provided in the video is for informational purposes only and does not constitute financial advice. You should consult your financial planner or your Accountant regarding your own situation.



*This video is for entertainment purposes only and is not financial or legal advice.



Calendly: https://calendly.com/sim-gakhar

Instagram: https://www.instagram.com/sim.gakhar/

Facebook: https://www.facebook.com/simgakharinsurance

LinkedIn: https://www.linkedin.com/in/simgakhar/


#FinancialWisdom #PodcastSnippet #SG #SGWealth #SimGakhar #SIMpleWealthWisdom #SIMpleStrategies #SIMpleWealthWisdomPodcast #Corporatelyownedlifeinsurance

Jan 31, 202424:40
Let's Understand Corporately Owned Insurance From The Carrier

Let's Understand Corporately Owned Insurance From The Carrier

In this episode, I talk to Charles (Chuck) Hsu from Canada Life to discuss in detail corporately owned Life Insurance for business owners and self-employed professionals. Join us to learn about tax planning using life insurance and how the cash value in the policy can act as a financial tool for planning the present as well as the future. Let's learn from Chuck why corporately owned life insurance should be a part of a portfolio of self-employed professionals.


Disclaimer: The information* provided in the video is for informational purposes only and does not constitute financial advice. You should consult your financial planner or your Accountant regarding your own situation.


*This video is for entertainment purposes only and is not financial or legal advice.



Calendly: https://calendly.com/sim-gakhar

Instagram: https://instagram.com/sim.gakhar

Facebook: https://www.facebook.com/simgakharinsurance

LinkedIn: https://www.linkedin.com/in/simgakhar/


Jan 24, 202429:46
From Premiums to Portfolios: The Ultimate Guide to Financial Security

From Premiums to Portfolios: The Ultimate Guide to Financial Security

In this episode, I talk to Rosemary Connolly of RBC Dominion Securities to discuss Investments. We discuss in detail, the investment options for self-employed professionals and business owners, what to consider when you go to see a wealth investment professional or a wealth advisor, importance of having a financial plan among many other topics.


Disclaimer: The information* provided in the video is for informational purposes only and does not constitute financial advice. You should consult your financial planner or your Accountant regarding your own situation.


*This video is for entertainment purposes only and is not financial or legal advice.


Calendly: https://calendly.com/sim-gakharInstagram: https://instagram.com/sim.gakharFacebook: https://www.facebook.com/simgakharinsuranceLinkedIn: https://www.linkedin.com/in/simgakhar/

Jan 10, 202424:27