October 2025

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Why You Need a Solid Financial Strategy

In recent years, the FIRE movement–short for Financial Independence, Retire Early–has gained traction among Canadians looking to leave the workforce decades ahead of the traditional retirement age. While the dream of stepping away from work in your 40s or 50s is exciting, it also raises a big question: how do you make your money last when you could be retired for 30, 40, or even 50 years?

Over the past century, Canadians have seen their lifespans stretch–many now live well into their 80s–yet the age at which they stop working hasn’t shifted much. That extended retirement phase can put a serious strain on your finances.

According to a recent Reddit survey, Canada’s average expected retirement age is around 64, with nearly half planning to retire before 65–but many also lack confidence in...

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The Smart Way to Weather Life’s Storms

We all know the saying: nothing in life is certain except death and taxes. But there’s another truth we tend to forget–life is full of surprises, and not all of them are good ones.

A sudden job loss. A medical emergency. A serious accident. Even the loss of a loved one. When you think about how many ways life can throw a curveball, the odds of facing at least one major financial shock are high. Many Canadian families are just one missed paycheque away from real trouble. The real question isn’t if something unexpected will happen–it’s when.

So, why don’t more people prepare for it? Often, it’s because we think we’ll have time "later” or...

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Debt-Free Retiring: From Mortgage Stress to Freedom

Feeling weighed down by debt while trying to save for retirement? You’re not alone. Many Canadians are juggling mortgages, lines of credit, and family expenses while still hoping to retire comfortably.

The numbers tell the story. According to Statistics Canada, the household credit market debt-to-disposable income ratio reached 173.9% in Q1 2025–the second-highest level on record. That means Canadians owe about $1.74 for every dollar they take home. Even though debt servicing costs are stable at around 14.4% of disposable income, the sheer size of household debt can feel overwhelming.

Sam and Marsha, both in their mid-40s, have a 17-year-old daughter, Alicia, who’s gearing up for college. They’ve always been...

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It is during our darkest moments that we must focus to see the light.

Aristotle

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 products and services including financial planning services are provided through Paul Kramer.

Kramer Wealth Management
22 Cardinal Crescent Petawawa, ON K8H 3N9
Ph: (613) 401-4714