Financial Library

You've retired. Now what?

Oct 14 2013

Canadians are living longer, healthier lives. According to Statistics Canada (2012), the average life expectancy is 78 years for men and 83 years for women. This means your retirement years may almost equal your working ones. Family therapist Rhonda Katz suggests taking some time before retirement to identify what you find enjoyable in life and thinking of ways to sustain that happiness level. She also says to honestly answer the following questions:

retirement planning

Asset Building Strategies

Sep 26 2013

In the last article Sue had a capital shortfall of $400,000 in order to support her desired retirement lifestyle. This amount will vary for each individual and will be larger or smaller depending upon your income, age and ability to save money as a percentage of your earned income.

investment planning

How to Pay Less Tax With Life Insurance

Sep 10 2013

Ray had thought of his life insurance purely as a protection plan. The anti-avoidance rules and general restriction of tax benefits applicable to most shelters prompted him to take a new look at his life insurance for tax deferral as well.

insurance planning

Leaving Money to Charity? There is a Better Way

Sep 10 2013

Recently, a client wanted to leave all of their money to two charities through their Will. They wanted to leave a legacy to a couple of charities that were close to them and they didn't have any close family members.

estate planning

Integrated Investment Management Can Save Taxes

Aug 13 2013

High net worth investors are now sitting back and enjoying the summer weather, breathing a sigh of relief now that they are done with their annual tax filings. The work involved in assembling all of the relevant tax information is made more complicated by the fact they often deal with several investment firms.

investment planning

Strategic or Target-Based Planning

Aug 11 2013

Financial success methodologies have evolved over the past 30 years with the advent of increasing computational power. Originally, planning was a simple spread-sheet based projection of your current situation, plus some assumptions, such as savings rates, tax rates, investment returns and inflation rates. This would give you an idea of what your final destination would look like with much of the calculations being driven by Future Value and Present Value tables.

financial strategies