If you’ve ever felt overwhelmed by the alphabet soup of savings accounts—RRSPs, TFSAs, FHSAs and RESPs—you’re not alone.
Paying off your mortgage early is a hotly debated personal finance topic. Both sides of the argument have strong feelings.
Building savings can be challenging – after all, there are plenty of fun things to spend money on. But the satisfaction of watching your savings grow will likely outlast the thrill of your latest online purchase.
Life insurance can help financially protect your loved ones should you pass away. If you’re one of the 22 million Canadians who has life insurance protection, you may be wondering about the risk of your life insurance not paying out. While it can happen, it’s relatively uncommon in Canada.
Looking to buy travel insurance for your upcoming trip, but don’t know where to start? We get it, there are lots of different coverage options out there, and understanding insurance isn’t always easy. Well, we’ve got you covered (pun very much so intended)! Here are the top six questions to ask your insurance broker before making the purchase.
Post-secondary education is expensive, and the cost is continuing to rise. These expenses are usually more than what people expect. That’s because they don’t think about the additional costs on top of tuition.
What would happen if the beneficiary named in your life insurance policy was someone you no longer had a relationship with? Would they still receive the proceeds of your policy? The short answer is: Yes.
Probate is a legal process that may or may not be required after someone passes away. If an executor of an estate determines probate is needed, the process involves filling out paperwork and submitting necessary documents to the court of relevant jurisdiction. Probate can be a complicated process that requires proper documentation and navigating the legal system. Consider working with a probate lawyer who can make this more manageable.
When planning for retirement, most people only think about the big numbers initially, like your savings or pension. But some things that often get overlooked are hidden, unexpected costs that can throw your retirement plan off track at the worst time. Some of these hidden expenses might be small, but they can add up quickly during your retirement years.
Critical illness insurance can help you cope financially if you’re diagnosed with a serious illness or condition by giving you a lump-sum payment. The payment is tax free and can be used however you choose. You can focus on getting better, knowing that you have your benefit payment to help with expenses.
Our financial advisors are ready to help with all your needs. Get in touch with us today.
