With Canadians living longer, thoughtful financial planning is more important than ever. Decisions around early inheritances, timing Old Age Security benefits, and preparing for potential long‑term care costs all play a role in securing a sustainable retirement. By planning ahead, retirees can protect their own future while supporting loved ones at the moments when help matters most.
Summer’s here, and for many individuals, families and couples, that means enjoying a summer vacation. This brings to mind the saying that some people spend more time planning a vacation than they dedicate to planning their retirement.
When retirement approaches, several wealth planning to-do’s arise. To help make these into a plan, here are the important items in two groups – what you do on your own and what to do with our input.
In the past few months, stock markets in Canada, the U.S., Japan and Europe reached record highs. In market extremes, whether it’s an upswing or downswing, many people wonder if they should invest differently.
There’s no such thing as a typical market recovery. Past recoveries have lasted as little as a few months to as long as several years. Some have been generally smooth, while others have been extremely volatile.
Most of us have certain tasks we just haven’t had time for. But now that summer is here and life is a little slower, it’s a good opportunity to accomplish one of the financial tasks on your to-do list.