Financial Library

Volatile Economy = Investor Fatigue

Posted 02.12.2013, tags:

investment planning

Investors are becoming increasingly exhausted trying to follow the seemingly never-ending bad global economic news. Overseas markets have put a strain on Canada even though we are more stable, economically, than most other countries in the world.

Five Common RRSP Mistakes

Posted 02.12.2013, tags:

rrsp

The following are relatively common mistakes that Canadians make annually when contributing to their Registered Retirement Savings Plans.

1. Reporting RRSP contributions based on a calendar year.

Financial Resolutions for 2013

Posted 01.15.2013, tags:

tax planning

Give your finances a boost this new year. Here is a list of financial resolutions to help you become better off at the end of the coming twelve months:

Pay Yourself First for Financial Success

Posted 01.15.2013, tags:

tax plannning

A fire breaks out in a movie theatre. You're there with your spouse and children, as are several local merchants. Who do you save first? The butcher? The banker? The hardware store owner? Their families? Or your family and yourself?

What if I Suffer a Critical Illness ?

Posted 01.15.2013, tags:

retirement planning

Many falsely believe they will not be victims of a critical illness like cancer, heart attack or stroke. They also believe that if they do experience a serious illness, the healthcare system will look after them. Nothing could be further from the truth.

Everyone Needs an Estate Plan

Posted 12.11.2012, tags:

estate planning

Ralph became concerned about what would happen to his hard-earned estate after seeing what had happened to some people he knew.

Vivian had remarried and chose to cut costs by using a do-it-yourself will kit. Because she had not allowed for the obligations set out in her deceased husband's will, it took years and cost thousands of dollars in legal fees to settle her estate. As her cash assets earned income while held in trust, her heirs had to pay income taxes on income they hadn't even received.

How is Your Financial Parachute?

Posted 12.11.2012, tags:

income protection

Most of us take for granted that we will be able to get out of bed every morning and go to work to earn a living. We base all of our financial plans on this seemingly obvious concept. Our most valuable asset is the ability to earn an income. Unfortunately, it is also one of the most vulnerable and most of the undesirable things that can affect it are beyond our control.

A Financial Wakeup Call

Posted 11.13.2012, tags:

retirement planning

If there is any good that comes from an economic downturn and stock market crash it is that it is a wake-up call that forces people to more seriously consider the frailty of their financial future.

Financial Plans & Divorce

Posted 11.13.2012, tags:

financial planning

History tells us about half of marriages in Canada end in divorce. Andrew and Sara are about to end theirs and are concerned about the changes that will have to be made to their financial and estate plans. Some financial and estate issues they need to consider are:

How to Get Income Out of Your RRSP's

Posted 11.13.2012, tags:

rrsp

Roger and Linda, like many Canadians, have saved for years for their retirement. They took advantage of RRSPs and now have a substantial amount of savings.