Retirement Income Enhancer – Insured Annuity

Retirement Income Enhancer – Insured Annuity

 If you are like most Canadians, you may be looking for: Guaranteed supplemental retirement income Ways to guarantee you don’t lose any of your hard-earned money A guaranteed income certificate (GIC) will work perfectly. The problem is that GIC revenue is interest income and is taxed at your marginal tax rate. In today’s low interest […]

Have you ever heard of an Immediate Financing Arrangement?

Have you ever heard of an Immediate Financing Arrangement?

Do any of the below resonate with you? I hold traditional investments inside my holding/operating company I am looking to diversify my holdings towards an alternative tax advantaged asset class I want to increase the internal rate of return on my estate plan.  I want to maximize the Capital Dividend Account balance (corporate IFA).  I […]

Generational Wealth Transfer- Using permanent insurance

Generational Wealth Transfer- Using permanent insurance

You already have excess wealth that you plan to pass on to the next two generations. You want them taken care of financially and have likely earmarked a portion of your investment portfolio for them.One issue that arises is that all non-registered investment growth is eroded by taxation. A tax-free permanent insurance policy can make […]

Why/When to own Corporate Owned Permanent Insurance

Why/When to own Corporate Owned Permanent Insurance

When should you consider Participating Whole Life Insurance inside your Corporation? You’re a significant shareholder in a Canadian Controlled Private Corporation Age 40+ and healthy The corporation has excess annual cash flow and/or investment assets not needed for business purposes. Typically, been in business for at least 5 years. Want to maximize your estate and […]

Protecting Your Retirement Income from an Unforeseen Health Risk

Protecting Your Retirement Income from an Unforeseen Health Risk

We know most people will make it to retirement without suffering a major illness but if you are one of the unlucky ones, what happens now? Would you forego 1% of your annual rate of return to eliminate this risk? Sure, you could use your savings or take out a loan to cover the unexpected […]

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 […]

6 Life stages that trigger the need for life insurance

6 Life stages that trigger the need for life insurance

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Ten retirement myths series: Myth #3

Ten retirement myths series: Myth #3

How much is enough? Books have been written on the subject of retirement and what you need to save. Myths abound on this question. Here’s one to consider: I need $500K, $1M, $2M to retire. Retirement myth #3: I need $500,000, $1 Million, $2 Million to retire. The fact is that your “number” can vary greatly […]

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 […]

Ten retirement myths series: Myth #2

Ten retirement myths series: Myth #2

It’s surprising, even shocking, that with all of the attention devoted to an aging society and the need to save for retirement, that so few people are inspired to get started; and then save so little. Many do have a doom and gloom attitude about retirement. Myths aren’t helping matters. Retirement myth #2: I’ll never […]

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 […]

Who Pays for medical expenses in Quebec?

Who Pays for medical expenses in Quebec?

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 […]

How to budget to save more for retirement

How to budget to save more for retirement

Is it worth compromising your lifestyle today for a richer life in the future? Many people share the same concerns about retirement planning – the volatility of the markets, longer life expectancies, not having enough to live comfortably in the future, and so on. With all these in mind, where can you find the extra […]

RETIREMENT READY?

RETIREMENT READY?

RETIREMENT READY?

You want to balance your mortgage, kids’ education, and retirement savings. Are you saving enough to meet your goals and be ready for retirement?

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