E-Newletters

The point of the headline is to distinguish what kind of investor you are. Do you follow storylines as described…

When Margaret and James married in 2005, it was a second marriage for both of them. They had no children,…

Recessions, stock-market declines, housing market bubbles, joblessness and, most recently, a global pandemic have created a series of challenges for…

Over the past year, economic stresses worldwide have resulted in many employees receiving severance packages and being advised that their…

It’s all part of the process when you are arranging a mortgage for your new home. The bank employee inevitably…

The goal of financial planning is to build enough assets, by the time you retire, that the income earned from…

The key financial planning lesson that Covid-19 has taught us all, is that no matter how many planning scenarios a…

As busy parents, just meeting your family’s needs each day can eclipse thoughts of the future. Add to that juggling…

Just as each of us is unique as a person, we also have a distinct investing personality. One isn’t better…

If you've been contributing to a pension or Registered Retirement Savings Plan (RRSP) and retirement or your 71st birthday is around the corner, you're required to convert that nest egg into a Registered Retirement Income Fund (RRIF). This benefits you because an RRIF allows you to withdraw savings as income while still letting you grow your investments and minimize taxes. The primary difference between an RRSP and an RRIF is that RRSPs are designed to accumulate savings throughout your lifetime, while RRIFs provide you with income during your retirement years. Like RRSPs, RRIFs allow you to hold a variety of investments. You're in control of how the funds are allocated, and you can own more than one RRIF to maximize your potential for continued growth through retirement.