October 2021 Book a Meeting
 
 
Revisiting Your Financial Plan

The hits keep coming! With the recently concluded Federal election essentially changing nothing in Ottawa, there is little doubt that annual spending deficits will probably continue to reach new levels. Along with this renewed deficit spending Canadians can expect to see higher consumer prices as various economic disruptions continue to impact Canada and other nations around the globe.

What do you do? The first thing to do is do a SWOT analysis of your family situation. Review your Strengths, Weaknesses, and the Opportunities you are positioned to capitalize on and don’t forget to review any possible Threats to your financial well being...

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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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You may have to fight a battle more than once to win it.
Margaret Thatcher
 
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus and/or Fund Fact Sheet before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation (CDIC). For funds other than money market funds, unit values change frequently. For money market funds ,there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated. The information in this email newsletter is general information only and is the opinion of the owners and writers. It is not intended to provide specific personalized advice including, without limitation, investment, financial, legal, accounting or tax advice. The information contained here may include estimates, projections and other "forward-looking statements." Actual events may differ substantially from those presented herein. We make no representation that future investment performance will conform to past performance and it should never be assumed that past performance foretells future performance. All information provided is believed to be accurate and reliable, however, we cannot guarantee its accuracy. Please consult an appropriate professional regarding your particular circumstances. Worldsource Financial Management Inc. will not be held liable for any inaccuracies in the information presented. Mutual Funds and Segregated Funds provided by the Fund Companies are offered through Worldsource Financial Management Inc. Additional services provided through Johnson Fort Financial.
 
Johnson Fort Financial
#210 - 9084 Glover Rd - Fort Langley, BC V1M 0E6
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