Variable Annuity (GMWB) and Your Income Retirement Plan In 2006, I attended an advisor conference and a specific presentation about a new retirement product coming down the pipeline aimed at both retirees and those within 15 years of retirement. Technically it’s called a variable annuity but is more commonly referred as a GMWB or Guaranteed Minimum Withdrawal Benefit. The product was developed because […]
Keep Tabs on Your Canada Pension Plan (CPP Benefit) Estimate When I do a retirement income plan for a new client or update an existing client’s plan for their annual review, it’s always best to get accurate information. I have found many clients don’t know the following. how much their personal CPP benefit will be, […]
Is Your Retirement Plan On Track? Is your retirement plan on track? Do you have a written copy to refer to? Do you review it with your financial planner during your annual review? What are the common questions clients want to know about their plan? Do I have enough money to retire? How long will […]
What If You Die Without A Will If you do a search for “what percentage of people don’t have a will”, you’ll find it’s well over 50%. As a certified financial planner (CFP), I remind my clients to get this important document in place and make sure to update it whenever there is a significant […]
How You Can Save 1000s of Dollars on Term Life Insurance Renewals What is a renewal anyway? When you buy a term life insurance policy, it has a fixed cost for a fixed period of time. For example, 10 year term insurance means the monthly payment (called “premium” in insurance lingo) stays the same each […]