We are excited to share some news with you regarding our team at Your Planners!
We are pleased to announce that Agatha Humfrey has joined us as our new Office Manager. With over a decade of experience in hospitality and management, Agatha provides exceptional service and is dedicated to creating a superior client experience at Your Planners.
Agatha will be our primary scheduling contact at the office moving forward and she is eager to assist you with your needs!
Please continue to reach out to our dedicated administrative email address (admin@yourplanners.ca) and our primary office phone number (905-529-1210). Agatha will be more than happy to assist you with any questions or concerns.
We appreciate your partnership with Your Planners and look forward to continuing to achieve great things together!
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Basics For a Wise Financial Strategy
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Before a skyscraper can reach for the clouds, it needs a very strong foundation. Once the building is complete, the foundation is virtually unseen. The same goes for our financial strategies. Following are the basics of a strong financial foundation:
Budget – Governments and businesses use budgets to properly allocate resources. It’s known as good business. A budget can help you figure out where your hard-earned income is going and to identify ways to cut spending or increase savings.
Rainy day and opportunity fund – Unforeseen emergencies and opportunities catch far too many of us by surprise. Such things as job loss, major repairs or investment opportunities are much easier to deal with if we have the funds available at the time. Debt is not a good way to handle these events. A minimum of three months’ income...
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Your Legacy Plan and Charitable Giving
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Recently, a client wanted to leave all of their money to two charities through their Will. They wanted to leave a legacy to a couple of charities that were close to them and they didn’t have any close family members.
Here is her situation: Age 80, $550,000 in savings (75% non-registered and TFSA), with income of $70,000 annually from pensions and RRIFs while living in an upscale retirement residence. She was also spending an additional $20,000 a year from savings to support her lifestyle.
While using a Will to donate money to charity is a common tactic, there are other options to consider that could grow the amount donated by this individual by over $100,000.
Here are 3 problems with leaving money to...
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Online Resources
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For every reason it’s not possible, there are hundreds of people who have faced the same circumstances and succeeded.
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Jack Canfield
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The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances. This newsletter was written, designed, and produced by AdvisorNet Communications Inc., for the benefit of Leo Jolicoeur, Investment Funds Advisor with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any securities. Mutual Funds are offered through Investia Financial Services Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
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Your Planners
Suite 200 - 1030 Upper James St, Hamilton, ON
L9C 6X6 Ph: (905) 529-1210
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