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October 2021 Book a Meeting
 
 
Should you protect yourself with Mortgage Insurance?

It is very easy to get caught up in the decision to add mortgage insurance when signing for your mortgage. It is an emotional time, and you want to be protected. A couple quick questions, and APPROVED…, but are you really? What are your options?

Private life insurance is the other option, and, in my opinion, a smarter option. Let me explain…

There are a few glaring differences that should be understood when differentiating between mortgage life insurance and private...

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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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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. Every effort has been made to ensure accuracy in these commentaries at the time of publication; however, accuracy cannot be guaranteed.
 
Wise Riddell Financial Group
100 - 2020 Winston Park Drive - Oakville, ON L6H 6X7
Ph: (905) 829-4994
 
 
You may have to fight a battle more than once to win it.
 
Margaret Thatcher