Your Estate Planning Part 3 of 3-Part Series Another aspect which you may want to consider is setting up a trust. A trust is a legal entity that holds your assets for your beneficiary and disperses them according to your instructions. A trustee is named who will be in charge of the distribution as per your wishes. A trust can…

Your Estate Planning Part 2 of 3-Part Series Next steps in estate planning would typically include stating your Power of Attorney (POA) and ensuring you have sufficient life insurance to protect your family. POA’s are documents which give the person of your choice the power to make decisions about health, finances and legal matters in the case that you are…

Your Estate Planning Part 1 of 3-Part Series Estate planning is one of the most difficult things you will likely make in your financial planning journey, but in our eyes, it is also the most important. It is also the most overlooked aspect because as humans we do not like to consider our demise. It’s very understandable, it’s not the…

Planning For Your Investments Part 3 of 3-Part Series Not all IPS’s are created equal, and as with anything, the more thought which is put into it, the more sound it will be. Such examples included would be asset allocation decisions, risk tolerance, and liquidity requirementswhich provide guidance to the portfolio manager. And it commits you to a long-term strategy,…

Planning For Your Investments Part 2 of 3-Part Series The second part of that statement is referring to your ability to take on risk. It is in essence a snapshot of your financial position at the time of evaluation, measured through your assets and liabilities. With plenty of assets and low liabilities, it makes for a good candidate to be…

Planning For Your Investments Part 1 of 3-Part Series In our last series, we explored the important of retirement planning from as early as possible in order to secure your future. We talked a lot about smart investing to make your retirement years the best yet, climbing mountains or playing with your grandchildren. However, that isn’t possible without the investing…

Why You Need To Plan For Retirement Part 3 of 3-Part Series All of these factors and many more are built into a well-structured retirement financial plan by your financial advisor. The main pillars of a retirement structure are the accumulation and deaccumulation plans. An accumulation plan is a strategy in which you contribute a set amount of money to your portfolio on…

Why You Need To Plan For Retirement Part 2 of 3-Part Series We won’t delve into the technical side of retirement planning, that’s a conversation you need to have with your financial advisor. But the broader details are important for you to understand when having that discussion. As the very base of it, money you earn now needs to be invested so it…

Why You Need To Plan For Retirement Part 1 of 3-Part Series For you, retirement is probably a long way off, many years in the distant future. For something so far away which will be just a short period in your life, it doesn’t really make sense spending too much time planning for that, right? It’s a common way of thinking, especially…

How Taxes Affect Your Income and Investments Part 2 of 2-Part Series This blog is a continuation of the previous piece which discusses taxes and our income streams. Part 1 explores the very basic understand of the different kinds of income and a general Canadian tax structure. Part 2 now dives into the details. The taxes which come off our…