Diversification: risk and opportunity

Diversification: risk and opportunity

I’m sure many of you have heard the following statements. Perhaps you have made them yourselves. “I don’t like taking risks with my money.” “I can’t accumulate the amount of money I need by simply putting it all into a savings account or term deposits.” “What happens if I put all of my money into […]

Managing Health and Death Risk in Retirement

Managing Health and Death Risk in Retirement

When saving for retirement, you may get sick or have an accident, suffer a critical illness, require long term care or pass away. These factors should be considered when looking at savings and spending during retirement. Contingency planning plays a key role in comprehensive retirement income planning. Insurance can be a valuable tool in structuring your retirement […]

Avoid a Legacy of Taxes

Avoid a Legacy of Taxes

How you can reduce your risk of dementia

How you can reduce your risk of dementia

By Joy Blenman sunlife.ca From finishing high school to getting a hearing aid if you need one, here are 9 things you can do to reduce your risk of getting dementia. Dementia is a significant global health challenge for the 21st century. According to the 2015 World Alzheimer Report, 50 million people in the world have dementia, […]

5 things you may not know about TFSAs

5 things you may not know about TFSAs

By Denise Barrett sunlife.ca Did you know if you’ve never opened a TFSA, you can contribute up to $57,500 today? The tax-free savings account (TFSA) lets you stash extra cash for just about anything — rainy-day savings, a new house or retirement — without paying any tax on the growth within the account or on withdrawals. Still, […]

Financial tips for your younger self

Financial tips for your younger self

Written by Peter Wouters Do you ever wish you could talk to your younger self about lessons you’ve learned, more than a few of them the hard way? There are the mishaps you could have avoided, the errors in judgement you could have missed and the regrets you wouldn’t hold. How much better would you feel […]

Who should think about critical illness insurance?

Who should think about critical illness insurance?

Original post: criticaluncovered.ca The answer is, most of us. It’s not fun to think about how your life might change if you were diagnosed with a critical illness. Or even, if your partner or child was diagnosed with a critical illness. But it’s realistic and responsible to be prepared when you have people depending on […]

Life Insurance as an Asset Class

Life Insurance as an Asset Class

Budgeting for Parents’ Care

Budgeting for Parents’ Care

The hidden costs of early RRSP withdrawals

The hidden costs of early RRSP withdrawals

By Joy Blenman sunlife.ca RRSPs are excellent savings vehicles for retirement, but early withdrawals from these tax-sheltered accounts can affect your tax bill right now. Early withdrawals from registered retirement savings plans (RRSPs) are increasingly common, but are they smart? In most cases, the answer is no. Early withdrawals from RRSPs have hidden costs that can damage […]

5 things you may be wondering about critical illness insurance

5 things you may be wondering about critical illness insurance

Original post: criticaluncovered.ca If you’re not familiar with critical illness insurance and how it works, you’ll want to talk to a financial security advisor about what to expect. Here are some things you may want to keep in mind when you meet with your advisor to talk about whether or not critical illness insurance is […]

LIFE INSURANCE FOR YOUR FAVOURITE SUPERHERO

LIFE INSURANCE FOR YOUR FAVOURITE SUPERHERO

By: Charlie Conron – Lifedesignanalysis.com WHAT KIND OF INSURANCE WOULD YOUR FAVOURITE SUPERHERO OWN? 1) Superman – Term Insurance – Superman is young and basically invincible with only a small chance he dies from kryptonite. However he does have commitments, he certainly would be considered a key man on the family farm not to mention taking care […]

How much can you contribute to an RRSP?

How much can you contribute to an RRSP?

By Brenda Spiering sunlife.ca RRSP contributions can lead to a nice surprise at tax time because they’re deductible. But everything has its limits, including your RRSP. It’s little wonder why we Canadians love our registered retirement savings plans (RRSPs). Not only do they let us set aside money for retirement and allow the money to grow […]

Paying the Price for Post-Secondary Education

Paying the Price for Post-Secondary Education

With Peter Wouters, Director, Tax Retirement & Estate Planning At least 70% of new jobs require some form of post-secondary education or specialized training and the price of entry isn’t cheap. Post-secondary costs have steadily risen and continue to rise on a yearly basis. In this installment of Life & Money Matters, Peter Wouters explores different […]

Top 3 worries Canadians have when it comes to critical illness

Top 3 worries Canadians have when it comes to critical illness

Original post: criticaluncovered.ca Critical illnesses are more common than most of us would like to think. In fact, 73% of us know someone who suffered through a serious illness and half of us have witnessed a family member go through one. Statistics like this make it easy to wonder – what if it happens to […]

Happy Holidays and Happy New Year!

Happy Holidays and Happy New Year!

Wishing You and Your Family a Happy a Healthy Holiday and a Prosperous New Year!!  

Common cash flow problems facing small business owners

Common cash flow problems facing small business owners

POSTED BY PETER WOUTERS, Empire Blog I’ve written about the debt problem and cash flow management as they relate to individuals. What if those individuals are business owners? Some of the issues and habits that cripple individuals from effectively managing their personal cash flow are the same for business owners. No matter how great a salesperson […]

5 Reasons why first-time home buyers should consider term life insurance over mortgage insurance

5 Reasons why first-time home buyers should consider term life insurance over mortgage insurance

POSTED BY EMPIRE LIFE  Buying your first home? When your mortgage application is approved, your lender will likely ask if you want to purchase mortgage insurance. Before you say yes, remember you have other options for protecting your family and ensuring your mortgage is paid off, should you die unexpectedly. For many, including millennials, purchasing term […]

You are your most important asset when it comes to earning an income

You are your most important asset when it comes to earning an income

Original post: criticaluncovered.ca We insure what we think matters most. But, your most important asset isn’t your home or car. It’s you. Critical illness insurance can help protect you if the unexpected occurs.

CHARITABLE GIVING WITH LIFE INSURANCE

CHARITABLE GIVING WITH LIFE INSURANCE

We may naturally want to give back to our community if we’re successful. It may be a surprise that life insurance plans provide the perfect solution to allow you to make a substantial gift to your community or a cause your cherish. Here are some ways you could make a difference using life insurance as […]

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