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Home Archive for category "Financial Health Blog" (Page 6)

Financial Health Blog

Freedom to choose …the journey to financial independence

You’ve likely seen some of the retirement clichés over the years – sailing a yacht into the sunset; climbing the tallest mountains around the world; swinging like a pro in plaid on the golf course. But, are these scenarios really for you? Let’s talk about the lifestyle you really want Creating the lifestyle you reallyRead More…

 

Seven reasons to have your insurance coverage reviewed

You may be paying too much or for the wrong coverage if you haven’t reviewed your life insurance lately. Here are seven insurance opportunities that could provide you with lower rates, better coverage, benefits you can receive while you are alive, an inheritance for your family, and a lifelong retirement income: 1. As people areRead More…

 

Conservative investors: Fixed Income Portfolio

Steady return, no equities The accepted wisdom is that investors need a portfolio of stocks, bonds, and cash to get the maximum long-term return from their investments. However, many people are uncomfortable with the stock market because they don’t have the time, interest or knowledge to make informed decisions, or because they are just plainRead More…

 

Health insurance: Not covered by a company group plan?

Do you want the health benefit coverage the province doesn’t provide? If you are one of the millions of Canadians not fully covered by a group health plan, you are vulnerable to healthcare expenses not covered by your Government Health Insurance Plan. Overall healthcare funding is continually reassessed. As governments reduce coverage for some healthcareRead More…

 

What would happen if you couldn’t work?

Toronto freelance writer, Caroline Cakebread was in her early 30s when someone she knew had a terrible accident while hiking: A rock fell on his head and he lost the ability to walk and talk. “Not only was he in the hospital for months,” says Cakebread, “he was left permanently disabled and unable to work.”Read More…

 

Conservative Investors: Get the best GIC rates and terms

Guaranteed Investment Certificates, or GICs, give your portfolio guaranteed growth and reassurance that your money is secure. However, buying a GIC that’s right for you may not be as straightforward as you might think. GICs feature a wide range of interest rates, terms and options and many Canadians end up with a lower interest rateRead More…

 

What’s your probability of disability or critical illness before age 65?

Statistics show that workers between the ages of 35 and 65 are many times more likely to become disabled for an extended period than they are to die. For example, for a 45-year-old female the probability of becoming disabled before age 65 is 31%, her probability of being stricken with a critical illness is 17%Read More…

 

Life-Long Learner: Use your RRSP to pay for your education…

The Canada Revenue Agency encourages continuing your education via the Lifelong Learning Plan, or LLP.  Under this program you may make a tax-free withdrawal from your RRSP when you are entering an educational program as a full¬time student for at least three consecutive months in a given year. The Lifelong Learning Plan allows you toRead More…

 

Can getting sick trigger a financial crisis?

Despite all we know and love about Canada’s health care system, the answer is yes. The 2013 Sun Life Canadian Health IndexTM explains. Among Canadians who have received a serious health diagnosis, or who have had a bad accident, 40% said the experience caused them some degree of “financial hardship.” According to the 2013 SunRead More…

 

How to make a financial plan work for you

What exactly is in a financial plan? Many people think they have a financial plan if they are receiving investment advice.  Nothing could be further from the truth.  A financial plan may include investment advice, but it goes well beyond that. Typically, a written financial plan fulfills these two important purposes: • It lists yourRead More…