Introduction Concrete financial milestones can serve as checkpoints on your path to financial stability. From paying off student loans to leaving a financial legacy for the next generation or a charity, each milestone represents a significant achievement along your financial journey. In this blog post, I...
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In the world of personal finance, navigating the complexities of financial planning can be overwhelming. To make the process more accessible, I’m pleased to introduce FinPlan30 – a no-cost, no-obligation 30-minute conversation on various financial planning topics tailored to the Canadian landscape. FinPlan30 is, in fact,...
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Retirement typically marks a major life transition, but the path to retirement isn't always smooth. The challenges of downsizing, both financially and emotionally, can be overwhelming. For example, after decades of relatively stable prices, inflation has returned with a vengeance. While retirees benefit from the...
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It is no secret that a significant part of the Canadian population is finding it exceedingly difficult to make ends meet. Debt is extremely high per household, primarily as a consequence of large mortgages and more recently, high interest rates. While inflation is slowly diminishing,...
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The Dawning Realization Siblings Jane and Mike are facing an unwelcome disruption to their routine lives in the form of their elderly parents facing health challenges and financial uncertainties. The emotional impact of this revelation was profound. The equilibrium of their daily lives was upset as they...
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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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There is a lot to be said in favour of Do-It-Yourself (DIY) investing. The barriers (online access, real-time quotes, lower costs, etc.) have come down dramatically in recent years. Simultaneously, I would argue, the fact that there are fewer barriers means that the DIYer has...
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Banking You may be aware that some political parties and union advocates have argued that, to develop Canada Post’s viability, financial services should be offered at post office branches. I am not sure how common that is in other countries, but Japan’s post offices have long...
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“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 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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