For this episode of Independent Perspectives, I sat down with Ahmad Bakhshai, Associate Vice President, Advanced Wealth Planning at Wellington-Altus Private Wealth. Ahmad works closely with me and many of our clients, helping guide thoughtful financial plans that adapt to life’s complexity, not ignore it.
Here are a few key takeaways from our conversation:
- There is no such thing as a “normal” family. Every family has its own dynamics, priorities, and concerns, so every financial plan must be uniquely tailored. What works for one household could be entirely wrong for another.
- Financial planning is a process, not a product. From managing debt to supporting aging parents or adult children, planning is an evolving journey. Your needs will change, and your plan should too.
- Simplicity doesn’t mean you don’t need a plan. Even people with “simple” finances benefit from professional advice, especially when unexpected life events (like illness or loss) arise. Building the relationship with a trusted advisor before a crisis matters.
- Estate planning isn’t just for the wealthy. Appointing guardians, naming powers of attorney, and preparing for incapacity are just as important as tax and inheritance strategies. These conversations are vital, regardless of net worth.
- Windfalls can complicate things. Whether it’s an inheritance or lottery win, sudden wealth can create just as many challenges as it solves. Ahmad shared why people often need a “cooling-off” period, and trusted advice, before making big decisions.
- Cross-border families need extra care. For clients with ties to the U.S. through citizenship, property, or beneficiaries, the rules are complex and often misunderstood. A generic plan simply won’t cut it.
If you’re curious about how planning can support your goals or wondering whether your current plan still fits your life, I’d be happy to talk through what a tailored, ongoing approach can look like.
Stay tuned for more episodes of Independent Perspectives, where we explore the real conversations that shape financial decision-making over time.
