Interestingly, when stock markets reach new highs, different investors may react in opposite ways. Some investors are elated and want to make the most of a booming market. Others are fearful that what goes up must come down. Greed and fear are common triggers, but we’re always here to help ensure that emotional reactions to […]
When you imagine the post-secondary education you’ll fund with a Registered Education Savings Plan (RESP), you may first think of a university or college. However, the government lists several hundred institutions beyond traditional universities and colleges that have programs eligible for RESP funding. A wide range of choices Here are just some of the career […]
Life is different once your children leave home and start out on their own. Whether you have a sense of melancholy or feel free and easy as you look forward to a new chapter, it’s important to recognize that various aspects of your financial life may change. More discretionary income. When your children become financially […]
How much annual retirement income can you safely withdraw? Which source of savings should you access first? When should you start government benefits? What guidelines can you follow? There is no cookie-cutter approach to withdrawing retirement income. Here are just some of the factors that make one retiree’s income plan different from another’s. Risk tolerance […]
https://www.youtube.com/watch?v=OG1V-MoWfo0 The start of a new year is a perfect opportunity to take stock of your finances and set the foundation for a prosperous future. While financial planning might seem overwhelming, the key to success lies in consistency and small, actionable steps. Here’s how to prepare your finances for 2025 and beyond. 1. Reviewing Financial […]
Many people avoid conversations about funerals, particularly their own. Some are indifferent to what happens to their body. Others dismiss the topic to deflect their discomfort, saying, “I’ll be gone anyway, so why worry about it?” Meanwhile, those who are superstitious may feel that discussing their own death is taboo and will somehow hasten their […]
In a typical estate plan, each spouse leaves their assets to the other. When the second spouse passes away, assets are distributed to the children. However, an estate plan is not usually typical when you remarry and have children from a prior marriage. When you remarry, you’ll update your will and beneficiary designations—and you may […]
With the weather cooling and winter on the horizon, snowbirds are poised to fly south—but if you’re looking to purchase a property in the U.S. or returning to one you already own, you may face estate planning complexities. On death, Canadian residents’ estates may owe income taxes in Canada, since there’s a deemed disposition of […]
Events in your life or changes involving the person you designated may call for a review of your executor—also known as a liquidator, estate trustee or personal representative, depending on the province. When the issue involves your executor If your executor has moved to a different province or a considerable distance away, you may wish […]
You may think the vast majority of couples retire at the same time. However, the last time Statistics Canada reported on Canadians retiring together or not, only about 30% of couples retired together.1 Also, an Ameriprise Financial survey conducted this year showed that a majority of American couples retire at different times.2 Here’s a look at […]
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