Plain English Finance
The Plain English Finance podcast is hosted by Tré Bynoe CFP® CIM®, a financial planner with TCU Wealth Management and Aviso Wealth.
While Tré specializes in working with families with more complicated finances, typically involving corporations and trusts, this podcast is for anyone wanting to learn how to make high-quality decisions based on evidence, to give themselves the highest likelihood of financial success.
You should always consult with your financial, legal, and tax advisors before making changes.
This podcast is provided as a general source of information and should not be considered personal investment advice or solicitation to buy or sell any securities.
The views expressed are those of the individual and are not necessarily those of Aviso Financial Inc.
Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.
Plain English Finance
Ep. 25 | The 4% Fallacy: Why Lazy Planning Hurts Clients
Some financial planners still use the same flat “4% return” rate for every client’s retirement plan. Tré and Sierra explain why that’s not just inaccurate—it’s unprofessional. In this candid episode, Tré shares what happened at a due diligence event that left him frustrated with the industry’s bad habits. You’ll learn why using made-up assumptions leads to misleading plans, what FP Canada actually requires, and how real professionals base projections on evidence, not convenience. This episode is a must-listen for anyone who wants to know whether their financial planner is doing the job right or just guessing.
You’ll learn
- Why a flat 4% rate of return isn’t “conservative”
- What FP Canada’s standards really say
- How lazy assumptions mislead clients
- What proper financial planning should include
- Questions to ask your own planner
