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Expert advice can make a difference when helping elder parents financially
Financial advisors are used to talking to clients about saving and investing to raise a family, maybe start a business and eventually retire, but what about supporting their aging parents financially?
How parents can help their children financially – without hurting themselves
Parents are often more than willing to help their adult children financially – whether it’s getting ahead with an education, buying a first home, or with financial hardships such as a job loss or business failure.
Dividend stocks have stumbled amid COVID-19: What does that mean for investors?
On the roller coaster ride that is the stock market, many dividend investors are used to a smoother trip. That’s part of the appeal of owning stocks in large, established companies that reward shareholders by regularly distributing a slice of their earnings through dividends.
Advisors and their clients find renewed value in the telephone
Calling clients has become even more important for advisors as stock markets whipsaw and businesses struggle under the pressure of the pandemic.
Is postponing retirement in the cards for older Canadians?
Rona Birenbaum, founder and certified financial planner at Caring for Clients, a fee-for-service financial-planning firm in Toronto, encourages advisors to discuss with clients, especially older ones, how the current market volatility might impact their retirement plans.
COVID-19 is changing the way Canadians apply for life insurance
Prior to the COVID-19 pandemic, life insurance wasn’t necessarily a major concern for Canadians. But the new coronavirus has done a stellar job of showing us just how quickly our financial security can be disrupted.
How To Positively Plan with Rona Birenbaum, My Financial Advisor
When I’m thinking to myself, “All right. Who do I need to talk to about money? Who would be a great source of wisdom and calmness and guidance in this time?” I thought I should introduce you to the person who helps me most. I’m going to introduce you to my financial advisor, Rona Birenbaum, who is brilliant.
Steps to weather a financial crisis
A big worry when the economy takes a turn is around the ability to maintain your lifestyle and cover expenses. A good first step is to take a look at your expenses and see where you can cut back, since things that seemed like “needs” a few months ago will be pretty clear “wants” today, said O’Leary, who launched an initiative to offer free personal finance consultations for anyone struggling with the economic impact of the pandemic.
3 in 10 Canadians couldn’t pay bills if they lost job due to coronavirus, per Ipsos survey
According to an Ipsos poll, commissioned by Global News, which shows that while the average person has nearly three months worth of savings, “a significant proportion of Canadians have almost no capacity to pay for their bills without an income.”
Home owners applying for mortgage deferrals are instead finding confusion and delays
Since the big banks announced mortgage deferrals that allow home owners facing financial pressure as a result of the pandemic to skip payments for up to six months, hundreds of thousands of Canadians have scrambled to apply for the program.