When purchasing our first life insurance policy, most clients choose term insurance because they are concerned with protecting their dependents and the cost of premiums. Upon further reflection, many will opt for a permanent insurance product that will both protect and help to create or preserve wealth. This article does a fine job of explaining the multi-faceted benefits of permanent insurance.

 

Click here to read the full article on The Globe & Mail

You purchase home insurance to protect you from catastrophic losses, such as an all-consuming house fire, or a massive back-up of sewage water in your basement. But did you know your everyday home insurance policy can often protect you for perils that are not always so obvious?

 

Click here to read the full article on Romana King’s Blog

This article highlights some simple ideas you can implement to reduce the clawback of your OAS benefits. These strategies all form part of our plan to save you taxes, preserve your Federal income streams and optimize your goals.

 

Click here to read the full article on The Globe and Mail

If you have ever considered whether you should downsize your home during retirement, please read this article. To paraphrase the author, “if the cost of maintaining your home represents a significant portion of your retirement income, you may want to rethink this strategy”.

 

Click here to read the full article on HuffPost

In reading this article, I was reminded of clients who not only want to know, “will I be OK?” but are interested in learning about what others in similar situations are doing with their wealth. This article identifies 10 common ways in which wealth is used and shared.  In my experience, clients do like to spend on vacations, hobbies and services – especially as they age. I don’t see many people who want to isolate themselves as the article describes but I am increasingly seeing the focus turn towards inter-generational transfers and philanthropy.

 

Click here to read the full article on ThinkAdvisor

An emergency fund is the least sexy of all the financial planning topics. However, knowing that your financial obligations will be covered for a period of time—no matter what happens to your job, health, or personal circumstances—is critical. This is true whether you’re just starting out or already have substantial savings.

 

Click here to read the full article on GoldenGirlFinance.com

I have taken countless exams over the course of many years of study. Frequently, they use multiple-choice questions. Yet, I’ve never seen the option, “It Depends”—which is often the most accurate response in financial planning. Here are some issues to consider and discuss with your financial planner and/or accountant.

 

Click here to read the full article on GoldenGirlFinance.com

In the coming weeks, we’ll be busy collecting receipts, following up on t-slips that have been misplaced and wishing that we could have done a better job of our tax planning. Unfortunately, by the time we’re in the middle of tax reporting, it may be too late to do much tax planning.

 

Click here to read the full article on GoldenGirlFinance.com

For the past 17 years, I’ve been a certified financial planning professional (CFP). During all that time, I’ve been explaining to people what I do because they’re confused. I blame industry jargon on this problem, so let me straighten things out a little…

 

Click here to read the full article on GoldenGirlFinance.com

Have you ever stuck to a New Year’s resolution? Me neither. It doesn’t take long for the best of intentions to get side-tracked by something more urgent, tempting or simply more comfortable and familiar. In many ways, our resolutions fail because they take time and repetitive effort when there is a myriad of opportunities to change our minds. This year take 30 minutes to set yourself up for success.

 

Click here to read the full article on GoldenGirlFinance.com