2022 Year-End Planning Checklist

checklist year end

The end of the year is a great time to take a quick review of your personal finances to determine if you have any action items prior to December 31.   To help this process below is a checklist that covers events, milestones, taxes, insurance, and retirement plans – areas that often need attention prior to […]

4 Things Retirees Should Know About the 4% Rule

4 percent rule

When people are looking to make the transition to retirement, they want to know how much they can spend each year without running out of money. The amount of capital you can safely withdraw from your portfolio each year without running out of money has been called the “Safe Withdrawal Rate.” There is something called the […]

What to do during a Market Downturn or Recession

Market Turndown and Recession

With the market decline this year and a potential recession, people want to know what they should do with their investments and financial plans. You can take the following suggestions and actions to help navigate a market downturn. Key Suggestions Avoid doing anything drastic With a market decline, it can be tempting to get out […]

How to Navigate a Market Downturn for Retirees

Navigating Market Downturn

With the market decline this year, people want to know what they can do. The following are suggestions and actions you can take to help navigate a market downturn. Key Suggestions Complete a Portfolio Performance Review The first step is to find out if other portfolios with a similar investment mix have declined about the same […]

Can we give money to our children to help with a home purchase?

Home Purchase for Children

In meeting with clients a common question we hear is, “Can we give money to our children to help with a home purchase?” With real estate prices today, the only way many young adults can afford to purchase a home is with help from the bank of Mom and Dad. People often ask if there […]

Seven Strategies to Withdraw Corporate Assets for Retirement

Corporate Assests for Retirement

A great strategy that many owners of Canadian-controlled private corporations (CCPC) use to build up retirement savings is to invest within their corporation using the benefit of the tax deferral between their personal income tax rate and the small business income tax rate. At retirement business owners may end up with investment assets within their […]

When do you need the money?

Money

In a meeting with a potential client, they asked, “How should I invest the money I just received?” The key issues to review are: What is the money for? When do they need it?  Situation: They had just received $400,000 income from a company they were associated with.  Due to the structure of the business, […]

The 38 Blog Posts from 2021

financial assistance

I would like to thank all of you who have visited our blog and website. Below I have sorted the 38 blog posts I wrote last year by topic of interest to make the content easier to find. Some of the articles are good, some are ok, and some are……  Feel free to forward them […]

The Three Estate Buckets

Estate Buckets

Annually with clients, we review how their estate will be distributed to their beneficiaries. We determine if there are any changes in their desires, or opportunities to save taxes and/or fees. In a recent webinar by  Michael Kitces, Mathew Jarvis, a US Financial Advisor, shared a concept he uses with clients called the Estate Buckets. I […]