Deanne Gage on Financial Journalism, Death Binders, and Evolving Trends

In 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.
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00:00 Introduction to the Death Binder Series
00:22 Meet Deanne Gage: Financial Journalism Expert
01:31 Deanne's Journey into Financial Journalism
03:05 Early Investment Lessons from Deanne's Father
04:24 Finding Stories in Everyday Life
06:37 Changing Trends in Financial Decisions
12:19 The Popularity of the Death Binder
18:22 The Emotional Challenges of Estate Planning
22:35 The Role of Financial Advisors in Family Meetings
27:29 Encouraging Women in Financial Advisory Roles
34:20 Balancing Financial Trade-offs
38:57 Retirement Planning and Loneliness
44:48 The Importance of Planning-Based Financial Advice
51:26 Conclusion and Final Thoughts