Most people looking to implement a financial plan are making decisions with the long-term in mind. While what “long-term” means tend to vary depending on factors like age, individual and family goals, it’s safe to say most planners and their clients would agree that long-term is usually measured in years, not months.
Any protection strategy that focuses only on insurance can leave you and your family vulnerable to the threat of a legal system which doesn’t necessarily share your objectives.
Perhaps the most encouraging outcome of the latest recession is the increasing emphasis on debt reduction by most Canadians. We are borrowing less and saving more, and, hopefully, developing some more frugal habits that can lead to healthier finances in the future. Still, many people continue to struggle with their debt.
Relationships can be filled with tricky financial situations. Here are some tips on navigating money management as a team.
A Registered Education Savings Plan is a great way to make sure your children have the funds to pursue higher education, but what happens if your child doesn't want to attend college?
Most people would argue that living in a digital world, with instant access to an endless stream of information has made us smarter and more self-empowered than past generations. Investors believe that it has “leveled the playing field”, enabling them to make investment decisions based on the same information once only available to the investment pros.
The one thing of which we can all be certain of, is change. Life happens every day and, as a result, we are constantly assessing our situation and changing our course, usually by making small adjustments. A life insurance purchase is one of the few decisions we make with a more long-term perspective.
When it comes to admitting that women are better at certain things, men have a difficult time conceding any degree of supremacy.
Asking “how” to buy life insurance presumes that you’ve moved beyond the “why”, which is a big leap forward; however, it’s not quite as easy to answer.
Buying a home can be overwhelming, especially when thinking about how to afford a down payment. The good news is, as a Canadian resident, you have some options for financing your new home. If you’ve contributed money to your Registered Retirement Savings Plan (RRSP), you may be eligible to use those funds to purchase a home with the Home Buyers’ Plan (HBP).
Although whole life insurance, in its present form, has been around for over a century, it remains somewhat of an enigma for people who want to buy permanent protection, especially as new forms of life insurance have sprung up around it over the last several decades.
The Canada Pension Plan (CPP) is a retirement benefit available to most working residents of Canada. With the exception of Quebec residents, who have the Quebec Pension Plan instead, Canadians make mandatory contributions to the CPP on a pay-as-you-go basis throughout their working careers. To qualify for CPP payments, you must be over the age of 60 and must have made at least one valid contribution. While benefits are available from ages 60 to 65...