Some may already have them set up as beneficiaries in their wills but a lot of them want to help now…do you have any suggestions?
Janet Kim Sing
Debt: That four-letter word that some shun as an absolute evil, something we should abstain from at all costs, no pun intended.
As parents, the biggest task set before us is raising healthy, strong, independent children – that’s the goal, anyway.
When tackling this question with clients, I often start with a budget.
The big question is, ‘how can we be content with our financial situation?’ I think that, for starters, we need to be able to look for the positive through any circumstances whether we deem them to be good or tough.
How can we learn to be content with our current financial situation?
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.
Maria Dawes
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?”
