February 2018 Book a Meeting
 
 
Tick Tock: RRSP Season is Here!

I am continually amazed at the number of people, who have high incomes and savings, that fail to take full advantage of the preferential tax treatment of RRSPs versus other types of investment or savings accounts. This is especially true for business owners who often have retained earnings in their corporations while also having massive amounts, sometimes $50,000 or more, in unused RRSP contribution room.

With the recent Federal Government’s rewriting of tax policies for business owners, it is especially important to review fundamental tax planning...

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Procrastination - Your Financial Dream Killer

Despite what many people think, the number one financial dream killer isn’t portfolio losses, or financial emergencies, or unemployment, and not even natural disasters.

The number one reason people fail to reach their financial goals is procrastination - putting off the inevitable until the cost of your dreams or goals become prohibitively expensive.

Why People Procrastinate

Fear of failure: Some people view their aspirations with dread because they don’t think they will succeed. Others are just afraid to try...



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Don’t Bet Your Retirement on a Simple Approach

You have probably heard about the old 70 percent rule that suggests retirees will need the equivalent of about 70 percent of your current income level to maintain their lifestyle in retirement. This assumes that your retirement living costs will be 30 percent less than during your working years.

While it may have been applied appropriately for retirees two or three decades ago, it is fraught with significant risk and potential disaster for today’s retirees.

Overly simple formulas have no place in serious retirement planning, especially when you consider that people are living longer than their parents or grandparents...



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Maybe everyone can live beyond what they’re capable of.
Markus Zusak
 
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McLaughlin Financial Group
450 Main Street W. - Listowel, ON N4W 1A6
Ph: (519) 418-0411