50 is an exciting milestone. By now, your hard work and dedication have likely resulted in a successful career and financial stability. As you enter this stage, it’s crucial to shift your focus towards securing your future and ensuring a comfortable retirement. We will guide you through essential financial considerations to help you make informed […]
https://www.youtube.com/watch?v=9Ugr2vgNBQs&t=3s Many of our clients work for corporations that offer a variety of employer savings programs designed to enhance their financial security. These programs can encompass Group RRSP programs, Employee Profit Share Plans, Defined Contribution Plans, and the increasingly popular Restricted Stock Unit (RSU) share plans. While our clients often grasp the advantages of these […]
https://www.youtube.com/watch?v=zMIrDNmMvAE&t=2s A Registered Education Savings Plan (RESP) is widely acknowledged as the number one way to save for a child’s education. However, many Canadians use an RESP as the foundation and complement the plan with another investment vehicle. Why would parents or grandparents choose an additional way to invest? Usually, it’s to accumulate more savings […]
https://youtu.be/BHaAVg3Chwk A vacation property owner has always intended to hand down the property to her two children. However, she’s planning her estate and faces a challenge. Her adult daughter regularly vacations at the lakeside property, but her son lives three provinces away and is no longer interested in the property. The equal split no longer […]
As you know, the cost of owning a home continues to rise. Young adults are struggling as years of savings are becoming more inadequate towards their first home goals. To address this, Budget 2022 proposed a new Tax-Free First Home Savings Account (FHSA), a new registered account to help individuals save for their first home. […]
https://www.youtube.com/watch?v=mHBwkGXsNP0&t=1s Saving money is a vital part of financial planning, and finding the right savings vehicle is crucial in achieving your financial goals. Designed to help the younger generation save for their first home, the First Home Savings Account (FHSA) offers several advantages. But it’s important to recognize whether opening one right away, or delaying […]
https://www.youtube.com/watch?v=GcUfmQ5PmPE Are you nearing retirement age and considering downsizing your home? Nowadays, there’s so many different approaches to downsizing and how you go about it depending on your unique needs. We work with a lot of folks in Southern Ontario to help them answer the question: Do I have enough? In other words – is […]
https://www.youtube.com/watch?v=AOov5_cVscg The Canadian Securities Administrators, an umbrella organization of provincial and territorial securities regulators, introduced a measure two years ago to help protect investors’ financial interests. Investors could give their advisor the name of a “trusted contact person.” Meeting a need An advisor can contact this individual if the advisor believes the investor may be […]
As you step into your 40s, you’ve likely achieved significant milestones in your professional life. With a solid foundation built, it’s time to shift your focus towards long-term financial planning. Your 40s present a unique opportunity to reassess your financial goals, adapt your retirement savings strategy, evaluate insurance coverage, and lay the groundwork for a […]
With a successful career and significant invested assets, your 30s is the perfect time to take charge of your financial future. Financial planning in your 30s is not only about building wealth; it’s about securing a bright financial future, retiring comfortably, and achieving financial freedom. At Ferguson Financial Planning, we understand the unique challenges and […]
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