Solutions
Key strategies to start implementing.
Put A Ring On It
I was recently at a networking event when I was introduced to an established and experienced real estate agent. In conversation I learned that she had just recently closed a big sale and as a reward she gave herself a brand new diamond ring worth over 15K. Nervously...
This Isn’t Good
Tax Free Savings Accounts are not good for the government ... and that's exactly why they are great for you! When we were children, our parents taught us that sharing is good. But sometimes there is such a thing as an "over-share". That's when you're forced to hand...
The 9 Rules Of Money You Need To Implement Now
RULE 1: FULL REPLACEMENT PROTECTION Unforeseen events can happen at any time. Full replacement value of your assets, income, and life is essential for wealth conservation in the event of a claim. A properly designed protection plan is a higher priority before savings...
The Goose Or The Egg
If you owned the goose that laid the golden egg … which would you insure first? As long as you have the goose you can always get more eggs. So, if you’re smart you’d insured the goose before you insure the egg. Sadly, most of us insure the egg, and omit insuring the...
The Why & How Much Of Life Insurance
If you are not sure if you need life insurance or how much you need, then you are not the only one. Insurance is a function of your financial liability and income replacement in case of untimely death. And there is generally an adjustment made for current savings (not...
The Truth About Tax Brackets
If what you KNEW to be true about your tax bracket in retirement was not true, when would you want to know? The common financial belief is that you will be in a lower tax bracket in retirement and therefore saving within an RSP structure makes the most sense. I...
The Truth about RSPs
If what you KNEW to be true about RSPs was not true, when would you want to know? What is the number one reason Canadians contribute to an RSP? It’s not to save for retirement. It’s to LOWER THEIR TAXES THIS YEAR. But this approach can often be a big...
How your retirement plan is doomed to fail
When it comes to retirement planning there are really only two approaches: The Probability Based Plan Approach which uses the Safe Withdrawal Rate OR The Safety First Plan Approach The problem with the Probability Based Planning Approach Probability Based Planning...
Certainty of Money
The certainty of money in the future creates a world in which we can behave very differently now. Let’s take a look at a simple example. Imagine that you were entitled to a $500K bonus from your company, but the caveat is that it would not be paid out for 5...
905-425-5327 • vws@live.ca
Kathleen van den Berg, MBA, CFP
4 Branthaven Court
Brooklin, Ontario L1M 0B2
Canada