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 [...]
Imagine the feeling of freedom that comes with having a sense of control over your financial future. That sense of empowerment is just one benefit of working with a financial security advisor. According to recent studies, Canadian households who work with a financial advisor are twice as likely to save regularly for retirement than those [...]
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 spend it. There are many different ways to use your savings – here are some guidelines to help you decide whether you should make a withdrawal from [...]
Remember that even professionals can’t know when prices will go up and down. It’s far better to develop a solid plan and stick to it over the long term. Investing involves risk. There is no getting around that. But a carefully considered investment plan should help address those potential risks while focusing on long-term growth. [...]
Just like the seasons, markets move through stages of growth, slowing down and speeding up. There is a familiar saying about life containing two certainties: death and taxes. Experienced investors might wish to add a third item to that list: that certainty that markets change. Just like seasons, markets move through stages of growth, slowing [...]
