No matter how well someone crafts her estate plan, ex-spouses, disgruntled business partners, estranged children and misguided family members can still challenge her wishes. Estate…
On October 31, the IRS released inflation adjustments for more than 40 tax provisions.
One of the important challenges in retirement planning is deciding what values to use for the expected returns of stocks and bonds. Everyone likes to…
The best way to learn is through mistakes. So here are three common estate planning offences.
Having two elderly parents move into the family home can involve quite an adjustment. But as Bill and Amy have discovered, caring for aging parents…
Advisors often hear first that an heir’s fallen out of favour
On initial review of the situation Bill and Amy seem in good financial shape. They earn good incomes and have a net after-tax income, assuming…
Falling interest rates could be bad for retirees
Clients should simultaneously grow estates and outline wealth transfers
A professional couple’s retirement plan is thrown off track by two major health events affecting their parents.
Bill and Amy’s financial circumstances are challenging and unpredictable. In addition to raising children, maintaining a satisfying standard of living and saving for retirement, they…
Few would argue that the vast majority of Canadians are struggling to build a nest egg for their retirement. Millions of them are nearing, or…
Four times when clients shouldn’t follow conventional wisdom
80% of “grey divorcees,” people who divorced at the age of 50 or older, say they will delay retirement because they need to work longer…
As investors approach retirement, many will ask their advisors whether it’s time to change strategies to focus on dividends and other income-generating investments. It’s easy…
Many caregivers have to adjust their own retirement plans.
Do your snowbird clients have up to date insurance to protect them during their southern stay?
While employees have guidance on how to accumulate money in company pension plans, they have less help understanding how best to take it out, reports…
Basic guidelines to help your client prepare for retirement include starting a savings program
The financial priorities of Baby Boomers may be changing
Many clients wish to leave money to charities after they die.
There are many investing rules that advisors have followed over the years, but there’s one that’s stood the test of time: the older a client…
How to catch deductions and credits
Divorce can create both financial and emotional turmoil, and often these issues are intertwined. As financial planners, our job is often to assist in helping…
More than half (53%) of Canadians still haven’t opened a TFSA, and 42% of this group don’t intend to open one this year, according to…