For most of our working lives Canadians focus on saving and accumulating assets for retirement. Once retired, the focus shifts to the decumulation of those assets. During this phase, retirees must figure out how much income to draw from their…
What would you do with a Million dollars?
The Lotto Max is at 50 Million this week with at least 2 additional One Million Dollar prizes; the chance of winning is 1 in 28,633,528. However, It’s also forecasted that over 1.3 Trillion dollars will be passed down through…
Economic Update Q2 2019
I hope this letter finds you well and enjoying some long-awaited summer weather. I am writing to provide details on how investment markets have performed in recent months and some perspective on some of the broad trends affecting your portfolio.…
The Financial Perks of Getting Hitched
It’s wedding season; and if you are tying the knot this summer take some time to review your financial household, you may find some unexpected benefits. Employee Health Plan – If only one of you has an employee benefit plan…
Protect Yourself Against Fraud
Fraud Expert and Author Kelly Keehn spoke at a Professional Development Day I attended; she had some great tips to help avoid being a victim of fraud, they included: Shred everything! Never throw out bills or personal information without shredding…
Same-Sex Couples still face some Financial Planning Hurdles
2019 marks the 50th anniversary of the Stonewall Uprising and a half-century of LGBTQIA+ liberation. It’s WorldPride month and this weekend Toronto plays host to thousands of same-sex couples celebrating their march towards equality. The number of same-sex couples has…
Quadruple your Financial Assets
Statistics show that investors who work with a Financial Advisor can accumulate as much as four times the financial assets than those who go it alone. Research also shows that having a planner create a comprehensive financial plan in line…
Financial Tips for Divorcees
The majority of common-law and married couples have shared assets. These include owning a home together (72%), joint bank accounts (64%), joint credit cards (52%) and a joint Financial Plan (64%). So how do you regain your financial independence…
Financially Surviving Cancer
This Sunday June 2nd is National Cancer Survivors Day. Becoming critically ill is something none of us want to think about; but we all know families whose lives have been dramatically affected by this terrible disease. If you do get…
Understanding Closing Costs
It’s exciting getting ready to take possession of a new home. Closing costs are estimated at 1-1.5% of the price of the property; avoid any surprises by reviewing all the final expenses before the closing date. Mortgage Default Insurance. If…