Retirement Planning | Lawyers Financial

RRSPs vs TFSAs

There are tax-efficient structures in place to give Canadians of all ages a bit of help – but too few of us are taking advantage of them. Here’s a list of differences between RRSPs and TFSAs to help you decide which one makes more sense for you.

Why diversification is key to successful investing

Investing often invokes fear. No one wants to make a costly mistake, especially when the stakes are high – as they are for retirement savings.

That’s why a cardinal rule when it comes to successful investing is to diversify your portfolio.

It pays to have a coach in your corner

Learn why some of sport’s biggest meltdowns inspire empathy from one financial advisor – and why many investors could use a coach.

Looking to save money? Don’t do it by cancelling life insurance

Cancelling your life insurance policy has obvious and not-so-obvious consequences. Here are three risks that should make this a financial last resort.

Mortgage-free? Or RRSP?

Many Canadians arrive at a financial crossroads in the middle of their career. A stable income and a successful practice make it possible to pay off your mortgage faster. It seems like a straight forward financial decision but it’s anything but …

Skyrocketing savings have some Canadians setting new goals

Canadians have skipped the dishes, sure. But we’ve also skipped vacations, and haircuts, and dry-cleaning, and fill-ups and more — and it’s all added up to the highest household savings rate in history. How will you use this rare opportunity to fast-track your financial plan?

A financial plan helps you get to your destination and enjoy the journey

If you've used GPS, you’ve probably driven down roads you wouldn’t have chosen and through towns you’ve never heard of. That’s a little like a financial plan.

Stop planning for retirement and start planning for independence

The day when you achieve complete financial freedom may come years before you decide to retire. In fact, highly motivated people who enjoy the challenges and rewards of a successful legal practice often choose to work long after the income is necessary.

DBPlus, a win-win for Canada's law firms and employees

DBPlus for Canada’s Law Firms is an innovative defined benefit (DB) pension plan that provides guaranteed lifetime retirement income.

Want A Sure Way to Reach Your Financial Goals? Follow This Rule

Do you find it hard to save money? Are you stressed that you haven’t put enough aside for retirement? Does achieving your life dreams feel elusive?

If this is you, you’re not alone.

Lawyers Financial Advisory Services Inc. (LFAS) is licensed to sell life and accident & sickness insurance across Canada. LFAS is a wholly owned subsidiary of Lawyers Financial and promotes and distributes Lawyers Financial products and plans across Canada.