Jack is 45 and he just purchased $1,000,000 of Term 20 insurance. He pays $1,930 to the insurance company every year. The plan is to drop the insurance after 20 years. His family won't need it. Mortgage will be paid off. Wealth will be amassed. Children are through...
Article Topic: Insurance
Financial thoughts, tips and tricks for you to consider.
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Reality Check
Financial Priorities
Jun 11, 2020 | Blog, Financial Planning, Insurance
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...
This is not a safe bet
Jun 11, 2020 | Blog, Insurance
In Las Vegas the house is designed to win. Imagine that you're in Vegas, and there is a roulette table, where all the slots but one are black. The caveat is that you are only allowed to bet on red. And the chances of it landing on red are less than 5%. This is not...
What The Wealthy Know About Life Insurance
May 5, 2020 | Blog, Insurance, Wealth Building
If you have ever thought that life insurance was something you wouldn't need after you reached a certain level of financial security, you might be interested in knowing why many wealthy individuals still carry large amounts of insurance. While life insurance is most...
Don’t Wait
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...
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...
How your retirement plan is doomed to fail
May 4, 2020 | Blog, Featured, Insurance, Retirement
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
May 4, 2020 | Blog, Featured, Insurance
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...
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905-425-5327 • vws@live.ca
Kathleen van den Berg, MBA, CFP
4 Branthaven Court
Brooklin, Ontario L1M 0B2
Canada