Life insurance enables policyholders to replace the income of a lost loved one in the event of their death. It is a critical safety net to ensure that the surviving family members can maintain their standard of living. Navigating the intricacies of purchasing and maximizing life insurance is complicated, so we have written this article...Read More
As the school year kicks into full gear, it is a good time to discuss the best practices relating to Registered Education Savings Plans (RESPs). First, let’s go over the basics! RESP Basics An RESP is generally the best way to save for education for two primary reasons: 1) tax-sheltered investments and 2) the Canada...Read More
Having a balanced portfolio can help make portfolios more risk resistant and allow them to succeed in numerous market cycles. Bonds are one of the most valuable tools investors have to diversify and balance their portfolio. In this month’s blog, we explain what bonds are, how they are traded, why they fluctuate, and most importantly...Read More
By: Robert Rothenberg, CFA, CIWM, FCSI When new prospects come to see us, they typically ask about our rate of return assumptions when projecting their financial success in retirement. Many individuals look at the long-term average for the stock market at 10% or a blend of fixed income and equities and average 7% over retirement...Read More
The magnitude of the relationship between health and retiring early is surprising: around 70% of retired Canadians did not stop working on the date they had planned to, and among them, 41% cited personal health as the primary reason for having needed to retire early. The possibility of becoming seriously ill is real. Although recovery...Read More
The value of a Wealth Management Advisor is once they got to know you and your personal circumstances and goals, they use their deep knowledge and research facilities available to them to evaluate your investments and guide you. In many instances they will counsel you to do nothing. In other cases, they will be able...Read More
Why Bother with a Written Financial Action Plan? Financial planning sounds like a big deal, but all it really means is using the tools available to you in order prepare your finances for the future. Financial plans can be as strict or casual as you need them to be. The whole point is that a...Read More
Important Dates in 2019 March 1: Deadline for 2018 RRSP contributions April 30: Individual Filing Income Tax Returns & Instalments June 17: Self-employed individual Filing Income Tax Returns & Instalments November 30: Year-End Planning December 27: Last day for 2019 tax loss selling December 31: Year-End Planning Deceased—Final Tax Return: Death Between January 1 and...Read More
Good News! Since 1950, life expectancy has increased an average of 10.5 years for both men and women in Canada. But what do we do with that additional time? The risk of dependency increases with age, and half of those people aged 65 or older will some day require some form of long term care....Read More
At all stages leading up to retirement—from decades to years to mere months before—we may worry if we are going to be able to retire comfortably. Some of us may worry we will not be able to support our lifestyle goals. Others may worry about outliving savings and running out of money. Starting to plan...Read More
