Inheritance: The Solution to Your Financial Struggles?
Posted on:If you are sitting neck deep in debt, living beyond your means, and still calm and collected about your own financial well-being, then chances are, you are one of the many millions of people expecting an inheritance at some point in the future. Like other inheritance recipients, perhaps you are expecting your personal balance sheet to align just as soon as your parents or a favorite grandmother…
Read MoreTop Retirement Tips
Posted on:Convert RRSPs to income - Roger and Sarah, retired for several years, have delayed taking income from their RRSPs so they could enjoy the tax deferred growth as long as possible. They must start an income from their RRSPs before the end of the year they turn age 71. Review investment portfolio - Joanne had been using investment funds to save for retirement. She had benefited over the long term by…
Read MoreWhy Time Matters
Posted on:It is not uncommon for an individual or organization, such as a charity or community tennis club, to consult a financial planner or investment advisor regarding investment returns that can be generated on some spare cash that is not needed in the immediate future. As a result, the issue of investment “time horizon” is brought to the forefront as a key variable in making investment recommendations…
Read MoreFinancial Plans and Marriage Breakdown
Posted on:Statistics show that about half of marriages end in divorce. Ed and Liz are ending theirs and are concerned about changes that will have to be made to their financial and estate plans. Some considerations, also in common-law relationships, are: Life Insurance - The first thing that needs to be done is review beneficiary designations. If there are children, they may be the new beneficiaries.…
Read MoreRetirement: The Promised Land or Crushing Boredom?
Posted on:For years, you have been anticipating that last day at work. When it finally arrives, will it live up to your expectations? Retirement looks different in everyone’s imagination. For some, it means never wearing a tie again – for any reason. For others, it means traveling the world in designer clothes while attending fancy social events or elaborate musical performances. Some might envision it as…
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