300 - 34334 Forrest Terrace, Abbotsford, BC V2S 1G7View on Map »

Financial Library

An Ideal Opportunity to Improve Your Cash Flow

Posted on: April 9, 2012

With so many doom & gloom news headlines, it is refreshing to know Canadians can still get very low fixed rate mortgages. A recent Financial Post article (March 9, 2012) explains that with big banks competing strongly for new mortgage business, now is a great time for Canadians to refinance their mortgages to improve personal cash flow.

Tags: 
financial strategies

These Financial Mistakes Can Cost You

Posted on: March 5, 2012

Some financial decisions get made without enough thought given to the long term consequences. Here are some financial mistakes you can avoid:

Mortgage amortized too long:

With lenders offering 30 year amortization periods, it may look attractive to go with a smaller monthly payment to get into a larger house, but the extra interest charges only benefit the lender.

Tags: 
financial strategies

What's Your Retirement Planning Mindset?

Posted on: February 14, 2012

Recent surveys* reveal that a large majority of so-called Baby Boomers are uncertain about their preparation for retirement. Arguably, the have it my way? generation did not all follow in their parents' footsteps when it came to saving for the future. As well, some major bumps along the way (a housing crisis, a stock market crash and a global financial crisis) have reduced many retirement 'nest eggs.'

Tags: 
retirement planning

Government Benefits Can Boost Retirement Income

Posted on: January 10, 2012

In a 2010 report to the Minister of Finance, it was found that approximately 160,000 Canadian seniors were not aware of the full range of benefits they were entitled to in their retirement years. In fact, nearly $1 billion in retirement benefits from the Canada Pension Plan (CPP), Old Age Security (OAS) and the Guaranteed Income Supplement (GIS) have not been paid out to eligible recipients.

According to the Service Canada website, seniors may qualify for a number of income supplement programs that would help them make ends meet, including:

Tags: 
retirement planning

TFSAs: Flexible Wealth Building Strategy

Posted on: December 12, 2011

The Tax-Free Savings Account (TFSA) was introduced in the February 2008 Federal Budget and became available January 1, 2009. It is touted by the Government of Canada as 'the single most important personal savings vehicle since the introduction of the Registered Retirement Savings Plan (RRSP).'

Tags: 
wealth management

Estimating Retirement Expenses

Posted on: September 10, 2011

By far one of the most crucial financial planning steps is accurately estimating retirement expenses. Correctly accounting for retirement living expenses is critical to ensuring that retirees do not outlive their money. For those already retired, there are usually few good options for creating new income sources later in life.

Getting retirement spending projections correct is both an art and a science. To deal effectively in planning for future retirement needs, a financial professional can help determine the best course of action.

Tags: 
retirement planning

Pages

© Copyright 2024 AdvisorNet. All rights Reserved.

Dealer