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By Dave Dineen, BrighterLife.ca There are some important issues to consider when deciding the right time to retire — and they’ll have an impact on more than your wallet. I’m 57 and I’ve been retired three years. Most people I talk to assume that I’m lucky, lazy, rich or ill. (Disclosure: I’m lucky, but not…
Read MoreComparison The following chart summarizes many of the important differences and similarities between Segregated Fund insurance products and Mutual Funds. Segregated Funds Mutual Funds Overview Your net premiums are invested in the segregated funds of an insurer which, in turn, invests in securities such as stocks, bonds and money market investments. Segregated Funds are insurance…
Read MoreBy Kevin Press, BrighterLife.ca I’ve been travelling a little bit over the last couple of weeks, presenting the findings of our 2013 Sun Life Canadian Unretirement™ Index. One section in particular — on our attitudes about debt and retirement planning — has triggered discussion. A couple of highlights: When asked to name their top financial…
Read MoreBuilding Wealth Through Investing – Six Principles to Investment Success & Four Ways to Minimize Tax
LIFE LEARNING: This information will help you understand your investment options, the risk factors, and methods to reduce investment risk. Building wealth through investing is a vital part of any financial plan but can often be one of the most confusing and emotionally challenging experiences you will encounter. Many marketers promise “get rich quick” stock suggestions or sure- fire…
Read MoreLIFE LEARNING: This information will help you understand and determine what protection you need today, while keeping in mind what may be important tomorrow. Depending on an individual’s needs, desires and health condition, there are many types of insurance available. These include life insurance, income replacement, critical illness insurance and long term care insurance. Life Insurance Temporary Coverage “Temporary” life and health insurance is a…
Read MoreDevelop a plan to invest in your employees One of the greatest challenges you may face as a small business owner is the ability to attract and retain quality, dependable staff members, particularly as your enterprise evolves and grows. investing in your employees by offering them a health benefit plan and a retirement plan can…
Read MoreBY David Wm. Brown Many people spend countless hours worrying about debts, mortgages and, should they die, the ability of their dependents to generate income. With enough money, you can set aside these worries, confident in what you’ve built. However, wealth brings its own set of problems, among them large tax bills and uncertain asset…
Read MoreLife insurance is a major financial commitment. Just as you seek out expert advisors for other financial needs bankers, stockbrokers, and the like – your choice of a life insurance agent is a key decision. Your life insurance agent plays an important role in the financial planning process. He or she: Helps you assess…
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