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As a financial planning tool, segregated funds (or seg funds for short) offer several benefits within the area of estate planning. In fact, seg funds combine all the best features of a mutual fund with the attributes of an insurance policy. One of those insurance attributes, and a very important one, is the death benefit…

The COVID-19 pandemic has forced all of us to embrace technology, whether we like it or not. Oh yes, many of us are now working from home, going to school online, meeting our friends over FaceTime; and more and more Seniors are mastering the internet in order to pay their bills and stay in touch…

If you’re nearing your retirement years, you know that the prospect of retirement can be both very exciting and a wee bit anxiety inducing. Exciting because you finally get to sleep in late, spend more time with your grandkids, volunteer and finally travel…when the pandemic subsides; anxiety-inducing because you cannot help but have some serious…

With the pandemic putting a damper on activities like dining out, attending concerts and vacationing abroad, Canadians are spending less and saving more. A lot more. Statistics Canada, in a report issued on August 28, 2020, provided a detailed picture of the sharp shift in Canadian spending and savings habits. From April to June, household…

Segregated funds have evolved considerably in recent years. All types of equity, fixed income and balanced mandates that once only existed as a mutual fund, now boast their equivalent within segregated funds. That is fantastic news since segregated funds have a long list of benefits for the investor. In fact, using a segregated fund as…

A spousal* RRSP is exactly what it appears to be, quite simply a Registered Retirement Savings Plan (RRSP) for a spouse; a plan that cannot only help set aside funds for you and your spouses’ retirement, but can save you some tax dollars in the process. The idea is that one person, typically the higher…

Interested in maximizing the impact of your RESP contributions? Here is a great strategy to consider. First, a bit of a refresher on RESPs: the Registered Education Savings Plan has two significant benefits. First, the availability of government grants. The government will match 20% of your contributions up to $500 per year, to a lifetime…

When it comes to investing, it can be a challenge to keep all the different retirement options, government plans, and types of investments straight. For example, plan “types”, such as RRSP or TFSA, differ from the actual investment products that can be held within an individual plan.  Here are some ABCs of investing that may…

Sure, fees are a factor in an investment portfolio, but they are not the only one to keep in mind when it comes to reaching your retirement goal. Marketing campaigns about “retiring 30% richer” that focus entirely on fees can lead us to overlook the impact of these other factors that determine ultimate investment success.…

Life is an adventure full of twists and turns, and learning to navigate it can take a lifetime. Unfortunately, that’s a little too late. That’s why planning early for your financial future is so important. Where to begin though? Read our article about the hierarchy of needs to learn more. Think about mountain climbers. They…