I selected this week’s article based on two amazing conversations I had this week. The common thread between these two conversations, and the article that follows, is that a financial plan helps you pause, reassess your current state of affairs and might even enable you to imagine a better path forward.

The 60-40 portfolio strategy is a touchstone for the industry, and shorthand for the tried and trusted method of protecting capital from wild market swings. There are endless variations on this theme, largely dependant on client risk tolerance and time horizon, but the navigational starting point of a “balanced” 60% stocks and 40% bonds mix has endured.

Everyone is talking about inflation and its effect on every-day life but few are changing their every-day behaviour. This article makes an interesting connection between the recent long-term bull market coupled with low interest rates and the “wealthy-ness” effect – the comfort that Canadians have felt in increasing their personal spending.

When most Canadians think of financial advantages, we think of high net worth, high employment income and large investment portfolios. To my mind, there is no greater differentiator between the “haves” and the “have nots” than a defined-benefit pension.

This week’s article selection is inspired by a conversation I had with a client. Although the Canadian medical system provides seniors with drug coverage, clients are increasingly haunted by stories of drug exclusions and the costs of personal support workers and other age-related medical costs.

Our House, the gentle Crosby, Stills, Nash and Young classic – written, incidentally, by Graham Nash – strikes an emotional beat familiar to many homeowners or wannabe homeowners. The song describes an everyday scene yet it’s beloved by millions because, as the cliché goes, home is where the heart is.

This article offers a different take on investing for yield; i.e. dividend income. In turbulent markets, high yield implies that the underlying investment may be struggling since yield is inversely related to the price of the stock.

My early meetings with clients revolve around determining what they want to accomplish with their money. Most have come to terms with the fact that “a comfortable retirement” doesn’t provide enough information for their planner.

This week’s article highlights the attraction of Gen Z investors to these platforms and how newer investors are opting for the “real-time” feedback that these technologies provide.

This white paper, produced by the Canadian Institute of Actuaries, demonstrates that the majority of Canadians would benefit from deferring their CPP pension onset to age 70 and drawing from RRSPs/RRIFs in the interim.