American financial planning guru, Michael Kitces, observes that many retirees, after accumulating a substantial portfolio of assets to cover their retirement spending, wind up continuing to grow their assets throughout most of their retirement. There is an element of prudence in this practice because the...
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Bringing a new baby into your home is an exciting but anxiety-inducing time. There is so much change, especially if it is the first baby. There are also lots of financial implications. In retrospect, I’m not sure how we managed to accomplish it when we...
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AN INTRODUCTION TO ESTATE PLANNING – PART 3.2 In my last post, I discussed the importance of naming a guardian in your will, someone who will take care of your children if you die before they are old enough to take care of themselves. Another item...
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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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