Your successful career has led you to your 70s, a time when financial planning takes on renewed importance. Now is the perfect moment to review your retirement strategy, ensure your estate plans are in order, and make informed decisions about your financial future. We understand that financial planning can feel overwhelming, but we’re here to […]
Interestingly, spouses with very different—even opposite—investment personalities may quite easily develop an investment program that’s just right for the couple. Yet, in some cases, partners who view investing the same way may need to proceed with caution. Approaches for differing views Take the case of a conservative investor and an aggressive investor who share a […]
Whether the amount is small or large, whether it applies to a couple of years or many, Canadians don’t like their Old Age Security (OAS) pension clawed back. The claw-back is officially known as the OAS pension recovery tax A taxpayer repays 15% of the amount by which their taxable income exceeds the threshold amount, […]
Financial behaviorists have identified well over 20 investment biases that can tempt or lead individuals to invest in a particular way. Generally speaking, none of the biases is good news for investors. Fortunately, investors who have an advisor aren’t vulnerable to making poor decisions out of fear, hope or any number of irrational reasons. However, […]
Naming a beneficiary in a will may be seen as the most common way to leave an inheritance to a loved one. However, in certain situations, many people choose to give an advance on an inheritance during their lifetime or have the funds distributed in the years following their passing. Giving while living Our increasing […]
When choosing how to make a large charitable gift, the number of available options can seem overwhelming—especially when each brings its own financial benefits. To simplify matters, here are personal situations you may relate to, along with donation methods for each. You want to experience the reward of giving now: You may want the satisfaction […]
As parents, we all want to provide the best education possible for our children. However, with the rising cost of tuition fees and other educational expenses, planning for their future can be daunting. This is where a Registered Education Savings Plan (RESP) comes in as a game-changer. Not only does an RESP help you save […]
A wealth plan identifies your life goals and provides you with a personalized wealth management strategy to meet your financial milestones and achieve each objective. However, a wealth plan isn’t something you set and forget. Goals may change Over the years, your goals themselves will change—one will be reached, another may be modified and perhaps […]
It’s called the retirement risk zone—the period of several years before your retirement date and the initial years of your retirement. The risk is a severe market downturn and its impact on your retirement savings. A falling market just before retirement could cause unprepared investors to postpone their retirement or modify their desired retirement lifestyle. If […]
The day may come when your parents find it more difficult to take care of their financial matters. Your help can make a difference, whether it’s in the form of your time, advice or financial assistance. Not all parents are comfortable sharing their financial life with their children, but your efforts in getting them to […]
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