ARTICLES
5 RRIF Strategies For Retirees
Like many Canadians approaching retirement, you probably have an RRSP that you have been contributing to and managing for years. However, that magical date where you turn 71 and have to convert your RRSP to a RRIF is quickly approaching. Now you need to know more about Registered Retirement Income Fund (RRIF) strategies as…
The Key To A Successful Canadian Retirement
I have recognized that there is one single problem facing Canadians today (really, it’s not just Canadians but for this post, I’ll only discuss issues that relate to Canadians) and this problem, is erratic, irrational and unpredictable. Government decisions to keep interest rates low – they are artificially low to keep the economy moving but…
Tax Free Savings Accounts and Deferred Sales Charges
There is a potential time bomb lurking in Tax Free Savings Accounts (TFSA) that have investments in them that were purchased using a Deferred Sales Charge (DSC) compensation model. When I did the math on this, it just reinforced my rationale for encouraging advisors to invest their clients money using no-load investments. The best way…
Why Your Financial Plan is Missing the Mark (And How You Can Fix It)
So, why is your financial plan missing the mark? Every month you’re putting money aside, investing in the top mutual funds you can find, not putting all your eggs in one basket – doing the right things. But, you still feel like you’re falling short of your goals. Your worry factor is high. Consuming financial…
Turning 71? Little-Known Factors That Could Affect Your RRIF Payout
Turning 71 in Canada is one of the most important ages when it comes to registered retirement income (RRIF) planning. The decisions you will have to make in that one year will significantly impact your financial planning for retirement. Here is a list of some little known factors that could affect your RRIF payout in…
Financial Planning For 60 Year Olds – BNN Interview
Our very own Scott Plaskett, CFP was invited to The Business News Network Studio’s to discuss a very important topic: Financial Planning for 60 year olds. Here is a link to that video:
MoneyVille – Couple’s rent-free in-law plan gives savings a boost
“Couple’s rent-free in-law plan gives savings a boost” was the title for the July edition of MoneyVille’s Money Makeover and our very own Scott Plaskett, CFP was the makeover specialist. To read the article, click on the following headline: Couple’s rent-free in-law plan gives savings a boost
August 9th, 2011 – Stock market action commentary
Markets have been trading for two sessions now since the US was downgraded by S&P. While the net effect is a decline in stock prices and bond yields (bond prices higher), markets shot ahead today after the US Fed committed to keep interests rates low until at least mid-2013. Volatility has been stunning with vicious…