When presented with a POA document, Harold Geller, a civil litigator with Ottawa-based Doucet McBride LLP, says advisors should focus on a few basics.
Former Prime Minister Paul Martin will advise the Ontario Liberal government on the feasibility of a provincially-run pension, reports the National Post.
In broad strokes, boomers have spent much of their lives embracing risk. This generation was one of the most entrepreneurial, allowing many to accumulate substantial wealth. They embraced professional advice to manage their personal finances, and all was supposed to be well as they passed into retirement.
Panama is the best place for expats to retire to in the world, finds International Living’s annual global retirement index.
A baby that is born today could live to the age of 150, says Phil Cook, chief executive officer of Omega Insurance Holdings, according to a CI Top Broker report.
Canadians with investible assets of $1 million or more say they need an average of $2.3 million to live out their ideal retirement lifestyle, shows a BMO Harris Private Banking survey.
Retirement was cut short for 30% of older Canadians in 2013.
With RRSP season in full swing, it’s likely most clients are scheduling meetings with their advisors. But not all—a healthy number of RSP contributors are doing things themselves by investing online.
Under the law, a person drawing up a will is free to make whatever will he or she wants to make. But while a person drawing up the will has the right to draft one according to his or her wishes, family members have the right to challenge and contest it.
Advisors have four main types of clients.