Wealth | Lawyers Financial

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

Are You Ready for Year-End Reporting?

This article discusses accounting and financial metrics lawyers should focus on during their preparation and review of their year-end financials to get a pulse on their yearly financial results.

Want to be happy? Prioritize experiences over things.

Try to remember where you were on this day in 2015. You probably can’t. Now think about the view from the best hotel you ever stayed in.

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:

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.

Spring Cleaning your finances in 5 steps

Spring time is the ideal opportunity to have a chat with your Lawyers Financial Advisor and do a little spring cleaning on your family finances.

Giving while you're living pays multiple dividends

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.

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.