A plan for those with disabilities – the RDSP

An introduction to registered plans – Part 5 What is the purpose of an RDSP? “A Registered Disability Savings Plan (RDSP) is a savings plan that is intended to help parents and others save for the long term financial security of a person who is eligible for...

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The recipe for sweetening education savings – the RESP

  An Introduction to Registered Plans – Part 4 What is an RESP? A Registered Education Savings Plan (RESP) is designed to support saving for postsecondary education. The account owners, known as subscribers, are usually parents or grandparents of the beneficiary children.   What are the different types of RESPs? Individual...

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Cash Flow: It’s Not Just for Accountants

The More You Know About Cash Flow the More Empowered You Become What is Cash Flow? “Anyone who lives within their means suffers from a lack of imagination.” – Oscar Wilde   Oscar Wilde may very well be the best exemplar of what to avoid in terms of personal...

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What is Net Worth?

And Why does it Matter? “I demand the sum of… one million dollars.” A million dollars may not mean as much as it did when Dr. Evil* came of age in the 1960s. Even so, it is a significant threshold that continues to be a target for...

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DIY Investors and Advice-Only Financial Planners

A Match Made in Financial Heaven The Needs of DIY Investors I have spent most of my financial services career serving Do-It-Yourself investors, people who choose to make their own investment decisions rather than go through an investment advisor. Over the years, I have seen many accounts...

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The Question I get asked the most

What should I invest in? Quick Answer: It Depends If you go to a bank branch to get advice on what to invest in, your advisor will probably ask you some questions to determine your risk profile, and then her computer will produce a portfolio of mutual...

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