The New Kid on the Block…the Variable Annuity! The variable annuity of commonly referred to as a GMWB is on the horizon. In June 2006, I attended the Morningstar Investment Conference, which focused on “Retirement Income Planning”. One well-known speaker, Moshe Milevsky, introduced the concept in retirement planning of not just how to generate retirement […]
I had a great question from a client who recently asked “When I convert my RRSP to a RRIF, how much money must I withdraw each year?”. That’s a great question, so I thought I would explain RRSP and RRIF withdrawals and the basic rules. You can make a withdrawal for any amount, up to […]
Service Canada – Canadian Retirement Income Calculator With RRSP season having just ended and tax season ramping up, the last thing on most people’s minds right now is planning for their retirement. Whether you do your own investing on-line, use your local bank, broker, or a financial planner do you know your “Number”? Experience shows […]
Good Risk Management Planning Articles Below is a collection of what I consider good educational articles about Risk Management Planning. Life insurance: Is “Term Life” always enough? Most families are better off buying cheap, straightforward term insurance, but there are situations where universal or whole life policies make sense..…read more Disability and Critical Illness Insurance: […]
Travel Insurance Rider for Hockey Players I know a lot of individuals who travel to the US for hockey tournaments or exhibition games. Travel insurance has changed in that this type of activity is now covered generally by a rider (an addon to a basic travel insurance policy). “Hockey, recreational or professional is covered with the […]
Good Retirement Income Planning Articles Below is a collection of what I consider good educational articles about Retirement Income Planning. Planning Can Help You Make Sure Your Retirement Savings Will Last What about books? There aren’t many on this topic, but one I like is Winnipeg adviser Daryl Diamond’s book, Your Retirement Income Blueprint, now in […]
Good Educational Tax Free Savings Account (TFSA) Articles The Tax Free Savings Account, TFSA, is a great savings plan. Below is a collection of what I consider good educational articles about the TFSA. If you have further questions, please contact me. TFSA assets rise 8% year over year, CRA says Canadians held a total of $298.1 […]
How Much Life Insurance Should You Buy If you are looking to purchase life insurance, how do you determine how much to buy? The first step is to determine what your needs are. Here is a very simple case study to demonstrate the process. In this case study, the client assets are $50,000 of group life insurance and a […]