Financial thoughts, tips and tricks for you to consider.
Coming from European parents, especially my Dutch father, paying off debt was probably the most important financial truth instilled in us at an early age. You never owed people money. You always paid your credit card off 100% every month. And you worked hard to be...
Paydown versus interest only - enhance lifestyle by spending more of your wealth Reduce pressure on capital – less capital is needed to produce the same retirement lifestyle Reduce pressure on withdrawal rates – less reliance on traditional retirement savings and less...
If you require permanent life insurance coverage for family, estate planning, business, or tax planning purposes or you just wish to accumulate money in your life insurance program it may be time to look at a permanent, level cost solution. Many of us purchase large...
As a wealth strategist, when I speak with most of my clients their financial focus is usually on paying down debt, investing in stock markets or real estate, and saving for retirement. They overlook one of the most important pillars of financial success … life...
Let me just start by saying ... Nick hates insurance. As far has he is concerned ... it's a waste of money. He provides well for his family. But the idea of this extra cost, where he has absolutely no benefit doesn't sit well for him. Being 10 years older...
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...
In retirement we enter the distribution phase of our economic life from the accumulation phase. We move from “Working for Dollars” to “Dollars at Work” During the distribution phase there is only a finite pool of resources. Adding new financial assets during...
Would you work with a financial planner that was a million dollars in debt? Before you say "No", read the full story. This is not your father's economy. This is not your father's economy. And it shouldn't be your father's saving strategy either. When our parents were...
Your mortgage needs to be much more than just about the rate. It’s the cornerstone to a strong overall wealth plan. Yet focusing on rate is the most common mistake I see clients make when looking for a mortgage solution. Rate is actually the least important factor. #1...
