Retirement Income Planning
Most people generally understand what a doctor, lawyer or engineer is and when they might likely need one. When a consumer needs financial advice, should they go to a “financial adviser” or “financial planner”? My industry is still working on that issue after 20 years. I started in financial services in the year 2000 with […]
In September 2020, I began a quarterly report on “Annuities”. The original article can be found by clicking on this link. Methodology Every three months, I update the default annuity quote (using the Cannex system). The default client is as follows. 65 year old male invests in a “life annuity” using $100,000 from an RRSP […]
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 […]
2020 has been quite a roller coaster for investors so far, to say the least. COVID-19 was the primary reason for the market’s decline in March 2020 and thankfully the outlook is slowly improving. While younger investors may take advantage of low prices for securities due to a longer term time horizon, those in the […]
Just an update that I am still working at home as normal but ceased any client or supplier meetings since March 11th. The financial companies and professionals I work with also continue to work “remotely” as the pandemic continues. You may call anytime to discuss whatever is on your mind, financial or whatever. My advice […]