Hey Gen X…let us help you grow and protect your wealth

Hey Gen X…let us help you grow and protect your wealth

Being sandwiched between Boomers and Millennials, you, as a proud Generation Xer might feel like you are the forgotten generation. Although you may be smaller in numbers than your generational counterparts, that doesn’t mean that you’re not mighty. Currently making up 30.7% of the Canadian labour force,1 Gen X has above average household incomes—on average over […]

Segregated funds vs. mutual funds: how do they compare?

Segregated funds vs. mutual funds: how do they compare?

Two great investment options with distinct differences. Many investors have heard about mutual funds and the wealth potential they have as an investment. Fewer know about segregated fund solutions (seg funds) and their unique features and advantages. Like mutual funds, seg funds are pooled investments. They combine the money of many investors, creating economies of […]

Ten retirement myths series: Myth #6

Ten retirement myths series: Myth #6

I’m sure you can come up with a list of things that don’t fit the “set it and forget it” philosophy. Set the cruise control and forget it. Set the room temperature and forget it. Invest in a certain investment that has a particular risk associated with it and forget it. You need to make […]

Ten retirement myths series: Myth #5

Ten retirement myths series: Myth #5

The myth of never touching your capital starts when people are working and saving for retirement. Some become conscientious savers, never touching their nest egg. That mentality spills over into retirement. Changing habits can be hard. Retirement myth #5: Never touch your capital. Conventional thinking and approaches often work on keeping your assets intact during retirement. […]

Ten retirement myths series: Myth #4

Ten retirement myths series: Myth #4

How much income will you need during retirement? The myths and misunderstandings continue, despite growing evidence and research that debunk them. Retirement myth #4: You need 70-85% of your current income in retirement. Retirement myth #4: You need 70-85% of your current income in retirement. A growing number of analysts and researchers on retirement income […]

How to save money as you head into retirement

How to save money as you head into retirement

By Cathie Ericson As retirement gets closer, your budget, priorities and lifestyle habits may change. Here’s how you can adapt to those changes and save money along the way. How do you picture retirement? Is it adventures with the grandkids? Vacations with friends? That sounds idyllic, but it’s not always realistic portrayal of retirement. According […]

Financial myths and realities: Succession planning

Financial myths and realities: Succession planning

By Patricia Dubois There are many money myths around, and Sun Life advisors have heard nearly all of them. Here are 2 about succession planning – and the realities behind them. There’s no shortage of misconceptions about money. Well-meaning but mistaken people often spread them to family and friends, and sometimes even try to insist […]

How much life insurance does my family need?

How much life insurance does my family need?

The answer to this question differs from one person to the next. Consider the following: ► What would be the financial impact on your family if they lost 100% of your income? ►  What would be the financial impact on your family if they lost 75% of your income? ►  What would be the financial impact on […]

Saving taxes on RRIF withdrawals

Saving taxes on RRIF withdrawals

Income from a RRIF qualifies for the $2,000 pension credit on your income tax return. You can take out as much as you want from a Registered Retirement Income Fund (RRIF) since there’s no maximum, but keep in mind that every dollar out is considered taxable income in that year. This is why many retirees […]

Financial planning for special needs children

Financial planning for special needs children

How to support their care for a lifetime. Most families are concerned about planning for their children’s financial futures, but for families with special needs children, financial planning strategies have a different and often more complex dimension. The cost of supporting an individual with special needs adds up quickly – from therapies, medical equipment and special […]

Age, Gender and Retirement Perspectives

Age, Gender and Retirement Perspectives

Do you think that retirement for you and future generations will be significantly different than it is for current retirees? If you say, “yes”, you’re not alone. Most consumers anticipate meaningful differences. Thoughts, expectations, confidence and planning do differ when considering age and gender. Here are some recent findings shared with permission from the LIMRA […]

Which investments can reduce your tax bill?

Which investments can reduce your tax bill?

Taxes may be inescapable, but your choice of investments can have a huge impact on how much tax you pay. It all depends on your personal situation and how you structure your investment portfolio. 3 types of investment income and how they work A basic investment portfolio can generate three types of income: Interest income. […]