Financial Wisdom

November 2021

New Email Newsletter !

As you know, we are continually trying to add more value to the services we provide to support Your Plan.

To this end, we would like to introduce you to our new e-Newsletter. We hope that each issue will contain topics of interest to you.

In addition, the links at the bottom will give you quick access to other areas of ongoing interest.

We value your input; if you have any thoughts about our e-newsletter or other topics that may interest you, please reply to this email to let us know.


P. Daniel Lynch, CFP, Leo Jolicoeur, Wealth Advisor and Bertha (Bert) Ravn, CFP

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Financial Advice for New and Expecting Parents

Whether you’re expecting a child, planning to have one soon or have just become a new parent, you’re about to embark on one of the most rewarding journeys that life has to offer. It’s also one of the most expensive: an average of $12,500 per year until age 18.1. That’s $225,000 per child, and it doesn’t include the cost of post-secondary education. Planning for this is one way to be the best parent you can be.

Positioning your child, family and your future for success isn’t as daunting as you’d think, but now is the time to do it. Babies are...

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Optimizing Your RRIF

Registered Retirement Income Funds (RRIFs) are one method of drawing an income from Registered Retirement Savings Plans (RRSPs) in retirement. There are a few things to consider to get the best value from your retirement savings with RRIFs.

For many Canadians, RRSP savings will be the major source of their retirement income. The main concern for most is the risk of outliving their money. Another priority for many retirees is minimizing income taxes.

The minimum income that needs to be drawn from a RRIF increases each year. Any funds left in the account will...

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Spencer Johnson

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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