Sudden Wealth
Have you come into a lot of money? Whether you've received an inheritance, sold a business, exercised stock options, won a lottery or received a settlement from an insurance claim, your emotions are no doubt running high. Our team's advice is uniform: Go slow. Here is some initial guidance.
Get professional advice. New wealth brings new opportunities and greater need for objective advice. Be w...Know Someone with a Disability?
Then we hope you know there is tremendous new incentive for saving for the individual's long-term financial security. The federal government will throw in up to $70,000 in grants to a Registered Disability Savings Plan (RDSP) and allow all earnings to grow tax-deferred until eventually withdrawn.
Families and anyone else with permission of the plan holder can make contributions to the RDSP unt...
Inflation-proof your Portfolio
Think your short-term GICs or treasury bills will ensure a secure retirement lifestyle down the road? Ironically, these so-called "risk-free" investments are not as safe as they seem. While they may guarantee your principal and returns, they also expose you to a different, more insidious kind of risk - inflation risk.
Inflation risk is the risk that your investments will buy you less in the fu...
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