Set aside three years’ worth of retirement income to provide clients with a buffer during market crashes.
Changes in capital market returns and annuity purchase prices are affecting retirement age of Canadian workers.
Succession planning is essential to a business’s survival. Once your client’s ready to talk about letting go, help him identify his successor. This allows an aging owner to retire on short notice; for instance, if a sudden health issue arises.
Though women have tilted the scales of household economics, they still need to invest more in their futures.
The majority of Canadians find lack of affordability a real barrier to their saving efforts, says a recent Scotiabank poll. “We know that every customer’s finances are unique and require a saving or investing plan tailored to work for each specific situation,” said Mike Henry, senior vice-president of retail payments, deposits and lending at Scotiabank. […]
An insurance trust is a tool that can allow a policy owner to control the timing and use of insurance proceeds following the death of the insured
Concerns related to rising healthcare costs are weighing on the minds of Canadian retirees and pre-retirees, says a Munich Re study. These concerns are cited as a key factor for individuals deciding to delay retirement. More than 60% of those nearing retirement plan to work longer to hold onto their benefits. Among active employees receiving […]
Canadians are increasingly willing to take money from their RSP to pay off expenses, says a recent Scotiabank poll.
Canadians understand the significance of a financial plan, especially for tackling life’s major milestones, says a BMO Financial Group survey. The study says 85% of those polled are confident their financial plan will help them achieve their financial goals. Most believe it is essential for being prepared for major milestones. Read: Investors want plain-talking advisors […]
You can’t blame clients for being scared. The last 12 years haven’t been fun.