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?

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 […]

Guaranteed Income for Life – RRSP

Guaranteed Income for Life – RRSP

https://youtu.be/DXPTWTe6K7c CASE STUDY GUIDE

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. […]

2019 Canadian Budget update

2019 Canadian Budget update

Guaranteed Income for Life – RRIF

Guaranteed Income for Life – RRIF

https://youtu.be/fQQX0a9LDf8 CASE STUDY GUIDE

Talking finances with your elderly parents

Talking finances with your elderly parents

Discussing money matters with family is never an easy task… Here are tips on how to broach this delicate subject with your aging parents with a minimum of conflict. As your folks get on in age, you may find yourself concerned about their financial situation. Your concern is well-founded. Neglecting to plan for a loss […]

Getting into the retirement mindset

Getting into the retirement mindset

Retirement isn’t just about socking money away in your mattress. Retirement is also a state of mind because it’s an important life event for anyone who has spent their entire adult life in the work force. Here are a few tips to help you embrace this next stage in your life. Retirement means a departure […]

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 […]

30 Day financial Challenge

30 Day financial Challenge

Do some financial cleaning with our one-month challenge. WITH PLENTY OF PRIORITIES COMPETING FOR OUR ATTENTION, money matters can sometimes be pushed to the back of the shelf. But, just like an annual decluttering at home, getting our financial house in order can make a big difference to daily life. Make a commitment to take […]

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 […]

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 […]

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