Retirement is often referred to as “the golden years.” Life is thought to be calm and idyllic. This, of course, assumes a sense of confidence around one’s finances. Unfortunately, that’s not always the case.
In this issue of Grow Together, we continue showcasing more of our talent from the different organizations. We hope these insights provide you with the thoughtful advice, sound planning, and professional investment management we’re committed to delivering to you.
Whether you call it a cottage, cabin or chalet, these treasured family retreats are much more than a piece of real estate. In this article, we explore different avenues that a family can take when they are faced with the decision to sell their cottage or keep it for the next generation.
When picking or converting life insurance, one needs to consider not only the coverage necessary to support their family, but also the timeframe they expect to need the coverage for. While term insurance appears to be a smart solution in the short-term, the premiums can skyrocket after the first or second term (in some cases increasing by over 700%), urging many to drop it before passing away.
The start of a new year also marks the beginning of tax season. From RRSP to TFSA, fee deductibility and deferred income annuities, adopting the right tax strategy can be quite complex, but it is crucial to take full advantage of what you have.