As a fee-for-service financial planner, I have luxury of looking at investment portfolios in an unbiased manner. In so doing, it becomes easier – but by no means “easy” – to see when assets are over-concentrated in a portfolio. However, commenting on the over-concentration of an investment is one thing; convincing a client to act upon it is quite another. I wonder how many clients I spoke with last year (prior to the pandemic meltdown and economically-unsupported rebound) are still sitting on huge swaths of employer stock holdings, cash, real estate and other often over-concentrated positions.


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

This wonderful article describes the difficulties faced by working mothers in the US who are trying to “balance” the needs of isolated children and a work-from-home ideal. It also offers some interesting suggestions to help us manage through this time.

Closer to home, FP Canada recently published a study of COVID-related financial stress which also identified a gender gap in the pressures felt by men and women. In their study, women are 17% more likely to say that their level of financial stress has been impacted by COVID-19. Furthermore, unlike the recessions of the past – which disproportionately affect male-dominated fields such as manufacturing and construction – COVID-19 has devastated mostly female-dominated fields such as education, childcare and the service industry.


Click here to read the full article on Entrepreneur

The message of this article is (unfortunately) universal right now: “don’t touch your face, don’t touch your (edit: 401k) RRSP.”


Click here to read the full article on Today

One of the most contentious issues for separating spouses and common-law partners is how to support two households when many had difficulty managing one. In costly cities such as Toronto and Vancouver, purchasing separate properties can be down-right impossible. A recent change to the treatment of the Home Buyer’s Plan upon relationship breakdown may ease the burden.


Click here to read the full article on The Common Sense Divorce

Although we like to focus on the joy and excesses of the season, a year-end must remind us of some looming deadlines as well. With increasing wealth accumulated in RRSP and RRIF accounts and their punitive tax treatment upon death, it is important to note that there are some time-limited rules that must be respected when distributing funds from the deceased’s registered accounts. Delays could tamper with the spousal and qualifying beneficiary rollover provisions and should be avoided wherever possible.


Click here to read the full article on Advisor’s Edge