Our Monthly 3-2-1- Newsletter
RESOURCE: Preserving Wealth: Chapter Four, Tax Concerns, RRSPs and TFSAs.
Uncle Wayne, with his wealth of financial knowledge, shared invaluable lessons on tax concerns, RRSPs, and TFSAs. Understanding these concepts can significantly impact your financial planning and retirement success. In this chapter summary, we’ll walk you through the essential lessons and strategies Uncle Wayne discussed to help you maximize your investments and minimize tax liabilities.
RESOURCE: Preserving Wealth: Chapter Five, Protecting Your Family
Chapter 5 of Preserving Wealth discusses the crucial topic of protecting your family through proper life insurance planning. During a lively weekend gathering, led by Uncle Wayne, they explore different types of life insurance, assess their coverage needs, and discuss the importance of disability and critical illness insurance. The chapter provides a practical guide to determining how much insurance you need and the benefits of both term and permanent life insurance.
RESOURCE: Preserving Wealth: Chapter Six, Estate Planning -Wills and Powers of Attorney
Chapter 6 discusses the intricacies of estate planning, focusing on wills and powers of attorney. On a rainy Saturday morning over breakfast Uncle Wayne leads a detailed discussion on ensuring one’s estate is managed according to personal wishes, covering everything from the basics of will creation to the responsibilities and selection of executors and attorneys.
Do You Have Any Questions?
If you would like to set a time to discuss any of the above or have any other questions, please use the link below to set a time for a virtual meeting or telephone call.
Two Curated Articles!
Bank of Canada Cuts Rates a Third Time – Is Now a Good Time to Buy a Home?
With the Bank of Canada cutting interest rates for the third time, potential homebuyers have a choice: pulling the trigger now or holding off a little longer for further improvements in affordability and borrowing costs.
Source: Morningstar Canada
Bank of Canada Cuts Rates a Third Time – Is Now a Good Time to Buy a Home?
The Proven Path to Doing Unique and Meaningful Work
In June of 2004, Arno Rafael Minkkinen stepped up to the microphone at the New England School of Photography to deliver the commencement speech.
As he looked out at the graduating students, Minkkinen shared a simple theory that, in his estimation, made all the difference between success and failure. He called it The Helsinki Bus Station Theory.
Source: James Clear
The Proven Path to Doing Unique and Meaningful Work
One of Something Else!
YouTube Channel of Office Productivity Tutorials by Leila Gharani
About Leila Gharani
“My goal is to help you save time at work, so you can spend it on activities that matter. My office productivity tutorials cover: – Microsoft Excel, Power BI, PowerPoint, VBA, OneNote, and other Office Products – Google Sheets – Accounting & Finance I love to learn new tools and techniques and share these with you. I hope to inspire you to experiment and share with others.”
If you have enjoyed this 3-2-1, feel free to pass it along! Best Regards, Jack
The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd. This material is provided for general information and the opinions expressed and information provided herein are subject to change without notice. Every effort has been made to compile this material from reliable sources however no warranty can be made as to its accuracy or completeness. Before acting on the information presented, please seek professional financial advice based on your personal circumstances.
What To Do Next
Are You on Track with Your Retirement Strategy? FIND OUT TODAY!
For more information, refer to Preserving Wealth: The Next Generation – The definitive guide to protecting, investing, and transferring Wealth by Jack Lumsden, MBA, CFP® or schedule a call with Jack at 905-332-5503
Jack Lumsden is a Financial Advisor with Assante Financial Management Ltd. The opinions expressed are those of the author and not necessarily those of Assante Financial Management Ltd. Please contact him at 905.332.5503 or visit www.jacklumsden.com to discuss your circumstances before acting on the information above.