What happens when your clients have to pay the bank to hold their money?
Bryan Borzykowski, Toronto-based business journalist, weighs in on how the Liberals’ financial changes will affect Canadians.
Clients can keep more money in their retirement accounts for longer. While that gives them more options, it could also mean they’ll end up with a larger estate.
Personal debt levels are at record highs and that could become another problem for the Canadian economy.
Bryan Borzykowski, Toronto-based business journalist, weighs in on laddered bonds
Boomers have a lot more to worry about than simply making sure their money lasts through retirement. Economic factors could impact even a well-thought-out plan.
For the under 50 high-net-worth set, money may be no object. But that doesn’t mean wealthy Canadians don’t need a sound financial plan.
Over the past few years, retirement planning has undergone a major shift. Advisors used to tell people to get more conservative as they got older, which was fine when fixed income yielded strong returns. Now, though, with bonds barely offering any income anymore, advisors need to come up with other ways of making their clients’ […]
Yielding stocks often help retirees with their day-to-day expenses, but with people living longer, it may be better to reinvest the dividends instead.
These days, retirement doesn’t necessarily mean spending hours on a golf course or trekking around the world. People want to do other things with their new-found free time and, for many, that includes starting a business. According to a Global Entrepreneurship Monitor report, 18% of people who are involved in early-stage entrepreneurship are older than 55 and 7.9% are older than 65.