AN INTRODUCTION TO INSURANCE AND RISK MANAGEMENT – PART 8.3 “Wouldn’t it be nice” … no, I’m not quoting a Beach Boys song. But, wouldn’t it be nice if we could insure our investments against potential losses? The news as I write this is that the...
Read More
An Introduction to Insurance and Risk Management – Part 8.2 In my last post, I wrote about Assuris, a body that insures you against the insolvency of a life insurance company. This post has to do with insuring against the insolvency of banks and credit unions. CANADA...
Read More
An Introduction to Insurance and Risk Management – Part 8.1 Imagine you are 35 years old. You are married and you have two children. A few years ago, you and your spouse each bought term life insurance policies from the Flawless Life Insurance Company (aka FlawLife...
Read MoreAn Introduction to Insurance and Risk Management – Part 2 Life insurance probably ranks up there with wills and estate planning when it comes to enthusiasm for the average person. They both have to do with death. Really, life insurance should be called death insurance since...
Read MoreAn Introduction to Investment Planning – Part 6 1. Contribute to your Tax-Free Savings Account (TFSA) As of 2020 your contribution room has increased another $6,000. If you have been age 18 or older since 2009, and a resident of Canada throughout that period, you now have...
Read MoreIntroduction to Investment Planning – Part 3 Stocks and bonds are the two most common categories for investments, at least for the average “retail” investor like you and me. You may have heard about preferred stock (or shares – the terms are interchangeable) but have wondered...
Read MoreAn Introduction to Registered Plans – Part 3 The Tax-Free Savings Account (TFSA) was introduced into law as part of the 2008 federal budget and became a part of the registered plan landscape in 2009. The timing was auspicious as the world economy had fallen into...
Read MoreAn Introduction to Registered Plans – Part 2 You’ve saved up all that money in your RRSP. Now what? The Registered Retirement Savings Plans, intended to encourage saving for retirement, was introduced by the Government of Canada in 1957. If you have saved inside an RRSP, eventually you...
Read MoreThe 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...
Read MoreAnd 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...
Read More