Financial Wisdom

October 2021

New Email Newsletter !

As you know, I am continually trying to add more value to the services I provide as a Financial Planner.

To this end, I would like to introduce you to my new e-Newsletter. My hope is 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.

If you have any thoughts about my e-newsletter, just reply to this email to contact our office.

Wayne Hissa, CFP®

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Moving Your Employer Pension Between Jobs

As the pandemic slowly recedes, work-life balance trends emerge. A 2021 survey1 revealed that 19% of Canadians would quit or look for a new job if required to return to the office. 25% of survey participants stated that they would return to the office but immediately begin looking for new employment.

If this sounds like your situation and you have a pension in your current job, it’s important to consider the most beneficial way to handle the funds you’ve accrued before you move on. One option is transferring your pension savings to an insurance company to purchase a life annuity. This can offer you a predictable, recurring income stream after retirement, but you won’t have any control over the management of the funds, and the...

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Using a Trust to Avoid Probate Fees

When Simon’s father passed away two years ago, he didn’t think much about how his estate would be handled. His mother had died five years before, and his dad’s will was clear about how his assets would be divided.

Then came probate, a process to confirm the validity of his will. Not only did unexpected fees come out of his dad’s estate, it took almost a year to settle and distribute it.

After his experience with probate, Simon didn’t want to put his family through the same painful delays and expense. He wondered if there might possibly be a different solution. So, he turned to his financial advisor, who explained that the simplest way for Simon’s estate to avoid probate hassles and costs would be to have his assets pass...

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Margaret Thatcher

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.

Prime Time Financial Inc.
22 Cynthia Court, Barrie, ON L4M 2X4
Ph: (888) 791-4445