A good steward thinks generationally. While Proverbs 13 supports leaving an inheritance to your children, I believe that what this ultimately looks like requires a great deal of wisdom.
Maria Dawes
With the baby boomer generation hitting retirement, determining how much wealth needs to be accumulated before big life events, such as retirement, is a question that I spend a lot of time working through with individuals and couples.
As a Portfolio Manager and Certified Financial Planner, I commonly see people who believe all their registered accounts (i.e., LIRA, LRSP, RRSP, RRIF, etc.) will end up going to their children when both spouses die.
Matthew 22:21 tells us, “…give to Caesar what is Caesar’s, and to God what is God’s.” And so right out of the gate, I want to say that those who are paying high taxes may not be bad stewards of their material resources.
A very common question I’m asked is, “Should I be utilizing my RRSP or my TFSA for long-term saving?”
I believe that we have been entrusted to take care of the earth and that we have a responsibility to do our best. At the end of the day, regardless of faith or creed, I think most people want to look back and think they've done a good job with managing the wealth they've been blessed with.
Managing an investment portfolio isn’t just about selecting securities that have the best chance of achieving a stated return.
One of the most common questions I get asked is, “What should I do to prepare for a market correction?”
Discovering one’s investment risk tolerance can be quite challenging for some people.
