Should you provide financial help to your adult children now or leave them an inheritance later? It’s up to you but giving away some of your wealth while you are still around to see the effects of your generosity can have significant advantages.
It’s easy to imagine using an insurance policy for a water leak damaging office equipment or if you back your car into a post and crush your bumper, but a disability insurance claim is an unpleasant and abstract event.
Even in retirement, financial 'rainy days' can put pressure on a 'fixed income'. A successful retirement financial plan will include maintaining a fund for the unexpected.
When people hear the phrase “financial planning” they usually think of RRSPs, TFSAs, and other types of investments. However, life insurance plays a strategic role in the financial planning process.
The potential for an economic recession in 2019 has captured the attention of more than a few pundits and journalists. But the smart money is on continued growth, both here in Canada and the U.S.
February is a month for showing people how much you care about them. So make February the month for a family chat about money and your estate plan. Talking about money is never easy but it does show how much you care about them.