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To reap the most benefit from your investments, you need to start saving early. Because the longer your savings stay invested, the more you gain through the power of compound interest. The magic of compounding is that you earn interest not just on your contributions, but also on all of the accumulating interest, dividends and…

Although RRSPs offer significant benefits, how well they work for you will be determined by the quality of advice you receive, both when you set up the plan and in the future. It is therefore vital to get sound advice on all aspects of managing your retirement savings.A close long-term relationship with a qualified financial…

One of the best ways to increase the growth potential of your portfolio over the long-term is to put your money into several different types of investment options. This is known as diversification. Proper diversification can help you increase the overall returns and at the same time reduce the risk of your portfolio .To determine…

Research has shown that successful investing involves not only choosing the right investments, but the right combination of investments. In fact, your investment mix, particularly the mix between income and growth investments, is the single most powerful factor driving your overall return. Use key tools in asset allocation planning One of the key tools in asset…

Life is ever changing and so are your insurance needs – what you need today may be different than what you may need tomorrow. Your conversation with your insurance Advisor and your insurance options will definitely change depending on your stage of life, and while it’s important to look at your needs today, it is…

If you’re an investor, you know all too well that 2020 was a volatile year for investment portfolios – not to mention life in general. And while we hope that the worst is behind us, history tells us that market volatility is nothing new. Who remembers the Y2K tech bubble, the sub-prime crisis of 2007-2008…

Why do we invest our money? Well, one of the key reasons is compound interest – meaning, the money we invest today has the ability to grow if placed in the proper investment accounts. The idea is that if we invest $100 today at a 5% annual interest rate, it will grow to $105 in…

Your financial goals will change throughout the course of your life and the focus will eventually shift from asset accumulation and growth (saving! saving! saving!) to estate preservation and wealth transition (enjoying the sweet fruits of your labour). An estate wedge is a planning strategy that can help you with this shift from accumulation to…

You’ve been diligently stashing away some money from every paycheque, contributing to your RRSP and/or TFSA. Perhaps you have a defined contribution pension or, if you’re one of the lucky ones, the defined benefit version. Whatever your process, when it comes to planning for your retirement, there are two distinct stages – accumulation and decumulation.…

You’ve worked hard throughout your lifetime and this hard work has finally paid off. Perhaps you’ve accumulated assets beyond even those that you may need to enjoy a carefree and relaxed retirement that will eventually be passed on to your heirs. However, some of these assets can result in a tax liability upon your death,…