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The Magic Number!
The conversation with clients about retirement income planning is much different from those conversations that occur over the years while they are building retirement assets using vehicles such as pensions, RRSPs, LIRA’s, TFSAs and so on.
Often, their focus is on being "conservative” because their understanding from public sources suggest that this is the appropriate approach to managing their money during retirement.
This "motherhood” approach to retirement investment planning suggests that once someone turns, 65 for example, that they need to...
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A Little Knowledge Can Make Life Less Taxing
It doesn’t take long after receiving your first paycheck to realize that all of your money is not your own. The Canadian government is an active partner in your earnings, and the more money you make, the larger it takes.
While taxes are a fact of life, you may have more control than you think over how much you pay. A better understanding of taxes and how they apply to you can result in hundreds of dollars of savings back into your pocket each year.
Tax planning is not just for the rich. The Canadian Tax code is full of ways that the average taxpayer can use to make life less taxing. Many people can benefit from taking a little time to understand how the code applies to their situation. Here are just a few ...
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Grandma and Grandpa Santa
Is it Christmas again already? Time passes too fast when you achieve grandparent status, and George and Grace are wondering once again what to give their grandchildren. Some years ago they realized they had no idea what toys were suitable, so started giving them cash. It seemed to get frittered away on things that soon became boring or obsolete.
Now George and Grace wonder if there’s some way to provide something that’s meaningful and has lasting value. Something, perhaps, that will accumulate funds for future education or opportunities and reduce the financial strain on their children.
It might even help to make their grand kids more aware of the advantages of long term...
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Life is a book and there are a thousand pages I have not yet read.
Cassandra Clare
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Commissions, trailing commissions, management fees and expenses all
may be associated with mutual fund investments. Mutual funds are not
guaranteed, their values change frequently and past performance may
not be repeated. Please read the prospectus of the mutual
funds in which you invest. The information in this email
newsletter is general information only and is not intended to
constitute specific legal, accounting, financial or tax advice for
any individual. |
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Padlesky Financial Services
4808 - 54A Street - Bonnyville, AB T9N 1Z3
Ph: (780) 826-7669
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