Wealth planning for couples without children – Career and lifestyle flexibility
Couples without children have the potential to retire earlier by investing more during their working years. However, another option is to retire at a traditional age and take advantage of higher discretionary income in other ways. Career choices. Without the financial need to support children, one or both spouses may pursue a career they find […]
Be wary of lifestyle creep
The more money you make, the more money you spend. That may seem perfectly sensible, but what if you spend all of the extra money you make? Now you’ve enhanced your lifestyle, but you’re no further ahead in achieving your financial goals. Lifestyle creep, also called lifestyle inflation, begins slowly. Perhaps you get a raise […]
Registered vs. Non-Registered Accounts
When you invest your money, it’s important to understand the different types of accounts you can open and contribute to. Deciding between registered and non-registered accounts is the first step. Each has its advantages and disadvantages and this video will walk you through the different types of accounts to outline some key differences.
RRSPs & TFSAs
Attached is a video link that highlights RRSPs and TFSAs. Both RRSPs and TFSAs allow your money to grow tax free. The main difference between the two is the timing of tax. The common question is: “Which one should I contribute to first?” The answer is: “It depends!” The attached video will explain why and […]
Benefits of an Immediate Financing Arrangement (IFA)
An Immediate Financing Arrangement (IFA) is a strategy used mainly by high-net-worth individuals and businesses. An IFA offers the benefits of permanent life insurance and also allows you to access funds from the policy through a loan. A properly structured IFA can be a solution for some clients and this video highlights some of the […]