Preparing for the Retirement Journey

Meet Emma and Roy, a couple from Winnipeg eagerly counting down the days to their retirement, just five years away. Aware of the importance of careful financial planning, they decide to engage an advice-only financial planner to support their transition into their “golden years.”   Step 1:...

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Financial Planning for the Single Person

“This whole notion of marriage is out of date.” Maybe. Or maybe this whole notion of marrying for love is out of date. Let’s bring back arranged marriages. Do you think that is farfetched? Although in decline, the practice of arranging meetings between prospective spouses,...

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An Executor’s Checklist

An Honour? Many people may regard being named an executor as an honour. There is a sense that your appointment in the will means that you are trustworthy and competent to complete the task.   However, while someone named to the role of executor should indeed be trustworthy...

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Ten Ideas for Your Tax Refund

After the cloudy days of preparing and filing your tax return, many Canadians look forward to the silver lining of a tax refund. Last year I wrote about The Problem with Tax Refunds, arguing that rather than a benefit, refunds represent an interest-free loan to...

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Do the RRIF Rules Need to be Changed?

“Industry organizations are calling on the federal government to raise the age at which RRSPs must be converted to RRIFs and to reduce the annual RRIF minimum withdrawal rates.” “Industry groups call for changes to RRIF rules,” by Rudy Mezzetta, Advisor’s Edge, March 13, 2023   What is...

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