Staying invested in the market

Staying invested in the market

POSTED BY PETER WOUTERS of Empire Life A common piece of advice for investors is that long term success doesn’t hinge on timing the market. It’s time in the market that may make the bigger difference. Most investors aren’t professionals. Accredited investment specialists devote their education, training, time and resources to studying the markets and individual companies. […]

Millennials and Retirement

Millennials and Retirement

The opinion of retirees and older workers alike is that millennials may have a better chance to control their future when it comes to saving money for their future lifestyles. Let’s take a closer look at that and consider the millennial perspective. The Future of Retirement: Generations and Journeys research (2016) identified a number of […]

How to keep the fear of missing out from messing up your finances

How to keep the fear of missing out from messing up your finances

By Renée Sylvestre-Williams @ sunlife.ca   Giving in to FOMO can wreak havoc on your bank account. Here’s how to fight it with a genius budget trick – and a little help from your friends. From scrumptious brunches framed just right to party photos heavy on the merriment and glam, other people’s lives as shared […]

Estate planning in the cyber age‌‌‌‌‌‌‌‌‌

Estate planning in the cyber age‌‌‌‌‌‌‌‌‌

WITH MORE AND MORE CANADIANS conducting their daily business online – from banking and business meetings to shopping and hailing a cab – it should be no surprise that digital assets are increasing. According to Deloitte Canada, the average Canadian has $1,000 to $2,000 in value stored online.1 Deloitte estimates that by 2020, the average […]

Should you retire early or retire late?

Should you retire early or retire late?

By Dave Dineen @ Sunlife.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. When I was 57, I’d been retired for 3 years. Most people I talk to assume that I’m lucky, lazy, rich or ill. (Disclosure: I’m […]

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

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 […]

Life Insurance as an Asset Class

Life Insurance as an Asset Class

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 […]

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 […]

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 […]

Financial planning or wealth management?

Financial planning or wealth management?

By Susan Yellin – sunlife.ca It takes financial planning to create wealth, but you needn’t be wealthy to plan. So what’s the difference between planning and wealth management? A financial plan is not a single-purpose, one-time task. In fact, when you embark on this crucial strategy, it’s important you think of it as a multi-step, […]

Don’t let the news affect your retirement planning

Don’t let the news affect your retirement planning

The alarming headlines of 2017 might be tempting investors to take drastic action. But it’s smarter to take a deep breath and a longer view. For Canadian investors, 2017 has provided plenty of potential worries, with an erratic U.S. president given to Twitter eruptions being arguably the largest. The real danger for investors is that […]

Looking for guaranteed retirement income? Think about an annuity

Looking for guaranteed retirement income? Think about an annuity

By Sheryl Smolkin – Sunlife.ca As retirement nears, the focus changes from building your nest egg to converting it into income. But how can you avoid outliving your money? This is a vital concern, particularly when you’re looking at 30 or more years of retired life. Drawing down the capital and investment return from a […]

Where do I Start With Retirement Income Planning

Where do I Start With Retirement Income Planning

Laying a sound foundation for retirement income involves careful planning. Where do you start? In this segment of Life & Money Matters Peter shares eight simple steps to help you get started on your retirement future. Transcript: Where do I Start With Retirement Income Planning Life & Money Matters

Estate planning – not just for the wealthy

Estate planning – not just for the wealthy

By Louise Armstrong – Foresters Blog Do you have an estate? Many people think they don’t but if you have assets, then you have an estate. It’s made up of everything you own including your home, your life insurance policies, your investments and even the brooch that was passed down to you from great Aunt Ethel. […]

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