Retirement Planning | Lawyers Financial

4 Questions you should ask your Financial Advisor

When it comes to financial planning for lawyers, here are some questions you need to be asking your advisor.

Everyone needs an RRSP right? Wrong!

The deadline to make a contribution to your Registered Retirement Savings Plan (RRSP) is March 2, 2020.

Now's a good time to think about RRSPs

Taking the time now to consider personal tax implications and laying down a financial foundation for the coming year can go a long way to setting yourself up for success down the road.

New! Defined Benefit Pension Plan for Law Firms

The Canadian Bar Insurance Association’s (“Lawyers Financial”) mandate is to serve the financial needs of Canada’s legal community by providing high-quality investment and insurance solutions

Lawyers Financial developing retirement plan for legal community

The legal community may soon be able to get in on the ground floor of an “innovative” retirement plan designed specifically for lawyers and their staff, says Dawn Marchand, vice-president of marketing, product and direct distribut

3 Reasons to jump on the company pension plan

If you are lucky enough to have a company-sponsored pension plan, it’s likely a defined contribution (DC) plan and your employer may offer some amount of matching, meaning they will also be contributing to your retirement savings goal.

Take stock today to plan your retirement

Taking stock of how you live today can help you develop a plan for your retirement years, says Dawn Marchand, vice-president of marketing, product and direct distribution for Lawyers Financial, which offers insuran

Cash for life. At what cost?

Examining the 4 percent rule

The so-called 4 percent rule has become the popular formula for napkin math when it comes to calculating how long your retirement savings could last. It goes like this:

Time is on your side

Would you be in a better financial position if you spent more time managing your finances and less time doing your job? Time is money and there is real value in outsourcing the time to plan, compare alternatives, research options, stay current on tax laws, and execute your financial plan.

3 ways to maximize a cash windfall

It’s not unrealistic for you to ponder the possibility of a modest cash windfall in your lifetime. It could be an unusually large bonus, profit from the sale of your business, or an inheritance.

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.