Planning for your aging years is a big part of what we do. Aside from increasing my clients’ budget to accommodate the costs of assisted living or personal supports, there are other considerations that we discuss in our meetings. Among these is the issue of whether the current home is suitable for “aging in place” (a term used to express one’s desire to age in their home rather than moving to a retirement residence) and how the client will stay vital and engaged when he or she steps away from the workforce. I often use a phrase that the authors used: “make sure that you are retiring to something and not from something”.

Perhaps the greatest takeaway from this article is the idea many of these decisions should be made years in advance – or “with a cool head” as I usually refer to it. This helps to avoid a crisis when someone suddenly falls ill. I also encourage family meetings on some of these topics so that the family members can understand what you expect of them and what is important to you before they are put in the position to make decisions for you.


Click here to read the full article on Forbes

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.


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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.


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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.


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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…


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