Is there a way I could create a pension for myself if I don’t receive one or supplement a low one that I do receive?
Yes! There are several strategies that when put in place can provide you with a secured guaranteed income stream for life – your own personal pension! There are different ways to set this up, based on your preference. For example; • Would you like to access the capital during your lifetime? • Would you like... Read More →
A Smarter Way to Invest!
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Date12 Feb 2019
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/CategoriesServices-Individuals, Insurance, Investment, RRSP, Services-Business, Services-Professionals, TFSA
Have you been concerned with the market’s volatility but not happy with GIC returns? Are you looking for ways to ensure that your beneficiaries will receive as much of your estate, as fast as possible? Are you looking to protect your investment against unexpected creditors? Let us introduce… Segregated Funds! What are Segregated Funds? Segregated... Read More →
How can I give a meaningful gift to my children and/ or grandchildren?
Instead of giving them an amount of money, where you don’t have any control over how it will be used and whether it would last … There are several strategies that allow your gift to be meaningful and lasting, while maintaining control over it until you decide to hand it over to your child or... Read More →
Is Compound Interest the Eighth Wonder of the World?
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Date12 Feb 2019
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/CategoriesServices-Individuals, Insurance, Investment, RRSP, Services-Business, Services-Professionals, TFSA
According to Albert Einstein – Yes it is! What is compound interest? The effect of compound interest occurs when money is earning money over time. It starts out small but before you know it, it becomes quite significant. The beauty of it is that it works continuously, even while you sleep! Want an example? Tom... Read More →
What should I do if I want to deposit to my RRSP but find it hard to come up with the full amount?
First, think about the amount you would like to deposit for the year; then we can set up an automatic monthly withdrawal from your bank account that goes directly into your RRSP. There are many advantages for this strategy: • The monthly amount is small and manageable, more so than a larger lump sum •... Read More →
Why Do I Need a ‘Comprehensive’ Financial plan?
Can you imagine working on a jigsaw puzzle, with only a small portion of all the pieces? You might be able to complete some sections, but you will likely wonder what the rest of the puzzle looks like. That’s what your financial plan could resemble without some expert assistance such as from Burnaby’s strategic business... Read More →