138: Deanne Gage | Connector of Financial Worlds - Insights from Both Sides of the Table

Deanne Gage on Financial Journalism, Death Binders, and Evolving TrendsIn this episode of Barenaked Money, hosts Colin and Josh welcome Deanne Gage, a seasoned financial journalist from Globe Advisor at the Globe and Mail. Deanne discusses her accidental entry into financial journalism, her investment journey starting in her teenage years, and her unique perspective on the financial industry. The episode delves into her widely popular 'death binder' series, the evolving trends in financial planning, and the crucial role of family meetings in estate planning. Deanne also touches on her desire for a planning-based rather than sales-based advisory industry and the challenges of bringing more women into the profession. The conversation covers various financial topics including the impact of grief on estate planning, the balancing act of splurging on life experiences, and the importance of addressing loneliness in retirement.Click here to watch a video of this episode. Click here to view the episode transcript. 00:00 Introduction to the Death Binder Series00:22 Meet Deanne Gage: Financial Journalism Expert01:31 Deanne's Journey into Financial Journalism03:05 Early Investment Lessons from Deanne's Father04:24 Finding Stories in Everyday Life06:37 Changing Trends in Financial Decisions12:19 The Popularity of the Death Binder18:22 The Emotional Challenges of Estate Planning22:35 The Role of Financial Advisors in Family Meetings27:29 Encouraging Women in Financial Advisory Roles34:20 Balancing Financial Trade-offs38:57 Retirement Planning and Loneliness44:48 The Importance of Planning-Based Financial Advice51:26 Conclusion and Final Thoughts