When it comes to investing, two things are for sure: markets will fluctuate and taking part in those markets involves risk. Although investing can be an emotional experience—you’re putting your hard-earned money in investments to meet your financial goals—it’s important not to let emotions rule your investment strategy. Remember that even professionals don’t know for sure when prices will go up and down. Although markets inevitably dip, [...]
You may be surprised to learn what you can do with your savings Now that you’ve watched your savings grow, you’ll eventually want or need to use it. There are many ways to use your savings. Here are some guidelines to help you decide whether you should make a withdrawal from your RRSP or TFSA before [...]
You may know about a registered retirement savings plan (RRSP) and how it can help you save money for retirement. But a spousal RRSP has other benefits you can take advantage of. A spousal RRSP allows you to “split” your retirement income and pay less tax as a couple over your lifetimes. Let’s go through what a spousal RRSP can do. Why get a [...]
Matching each saving option to your specific financial situation Building savings can be challenging – after all, there are plenty of fun things to spend money on. But the satisfaction of watching your savings grow will likely outlast the thrill of your latest online purchase. To maximize your savings potential, you can add guaranteed investment [...]
Have you heard of registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs) but aren’t sure what the difference is? Are you trying to figure out which is best for you and your financial security plan? I can help – let’s take a closer look. Before you decide whether to contribute to [...]
With so many savings options available, it can be challenging to find the right fit for your needs. Registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs) are two popular savings vehicles. Both options are government registered and provide tax-advantaged savings. What savings vehicle will work best for you depends on a number of [...]
Building savings isn’t always easy – after all, there are plenty of fun things to spend money on. But the satisfaction of watching your savings grow will likely outlast the thrill of your latest online purchase. To maximize your savings potential, you can add guaranteed investment certificates (GICs), mutual funds, segregated funds, stocks and bonds [...]
Setting up an automatic savings plan will help you grow your investments. Imaging you have to saplings to plant. You carefully select a nice spot in your garden and plant them. Over time you pay attention to the one closest to the house; fertilizing and feeding the soil with plant food, watering it during dry [...]
Enjoy life on your own terms. Have a financial plan. -72% of Canadian households who receive financial planning advice are satisfied with their current financial situation, versus -53% of non-advised households* -74% are able to enjoy an annual vacation, versus 44 per cent with no plan** -65% have money left over for the occasional [...]
How do you measure the value of advice? It’s one of life’s intangibles, but most of us seek it out before making important decisions. The best advice is meaningful and impactful, and as unique as the person receiving it. And while some people think they can manage on their own and are satisfied with [...]
