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How to bring up estate planning with family this holiday season
Almost 57% of Canadians don’t know the end-of-life wishes of their loved ones. Such discussions are important − but not optimal while gathered for your traditional family holiday meal.
Why it’s important to start teaching kids about money early on
Our upbringing influences our financial literacy and money attitudes. Here’s why it’s important to teach kids about money early in life. But it’s never too late!
A retiree revelling in the RV lifestyle, how retirement age has shifted over the past four decades and answers about the CPP survivor’s pension
If you’re among the many people who didn’t apply for the CPP survivor’s pension when your spouse died, it may not be too late. While the rules have changed over the years, you may still be entitled to receive retroactive payments. Rachel Metzger explains in the Ask Sixty Five section of this article.
Rising rent prices. High inflation. Is the 30% income-to-housing rule still realistic for renters?
Amid rising inflation, the 30% shelter-cost-to-income ratio may no longer be a realistic measure of what Canadians can, or should, spend on monthly housing costs. Morgan Ulmer suggests a personalized affordability plan may give a better idea of what to spend on housing.
Given inflation and soaring housing costs, will an RESP cover your kids’ higher education?
Saving for post secondary education is a long term-commitment, while inflation and market conditions are temporary. Morgan Ulmer offers some advice for clients who will be drawing on their RESP savings within the next 5 years.
‘Hard work, no pay; best job I ever had’ says one retiree – plus, Rob Carrick on how to build your own pension
Sharon and Tom Scanlan began a podcast in June 2021 called Hidden Gems Toronto. The podcast looks to introduce listeners to people and places that fly under the radar, but have interesting stories to tell.
Big banks dominate list of most trusted financial brands, upstarts make headway with support from young people
Toronto-Dominion and Royal Bank of Canada are the country’s most trust financial brands, but with complications.
Rising rates are good news for near-retirees seeking longevity insurance
Annuities are getting more attractive, so is it time to inch in as rates rise further?
How often should financial planning be done to be most effective?
Financial plan updates “tend to have different personalities” as clients age and their priorities shift, but there isn’t an age or life stage at which they need less frequent updates, says an advisor.
How advisors are managing clients with limited time and resources
Many companies are turning to technology such as customer relationship software to help manage growing client volume, but some say they aren’t always the best option for managing relationships.