The U.S. Elections- The Morning After

The U.S. Elections – The Morning After

Now that the long awaited and anticipated U.S. Elections are over, what now? As improbable as it might have seemed to many, Donald Trump has won the Election and is now the President of the United States of America. We’re not going to get into the entire historical analysis and significance of this situation, but rather people are asking ‘what now?’ and more specifically, ‘how does this affect me?’
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Spousal RRSPs

In this post I’m going to go over the topic of Spousal RRSPs and how they can help you lower your overall tax rate. This is a strategy that I find is not being used enough and is something that many couples (married, common-law, or same sex) should at least take a look at, specifically if there’s a significant difference in their incomes. I will not go through in depth about RRSP, since I’ve already covered that in one of my earlier posts, however, I will just highlight another way to use RRSPs to lower the overall taxes in a household.
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Real Estate & Market Bust? Follow the Leaders!

So, we all know that the Banks essentially run the global markets, and Canada is no exception. Therefore, it would naturally be logical to assume that when the heads or executives of the banks, or those in similar high ranking positions make certain moves, we should probably pay close attention.

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Investment Basics Part 1: RRSPs

In this series of ‘Investment Basics’, we will go over some of the vehicles Canadians can use to accumulate wealth.

Essentially, in Canada, we (generally) have 5 investment vehicles the general public can use to accumulate our assets/wealth: RRSPs, TFSAs (Tax-Free Savings Account), Open (Non-Registered) Plans, Real Estate and CVI (Cash Value Insurance) – [a 6th would be using a corporation, for business owners]. Each one of them has their pros and cons and each must be used according to each client’s individual situation and goals.

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The Wealth Formula

We’ve all heard people talk about wealth and how to accumulate it, but it can sometimes seem pretty complicated. Here is a simple formula that I show all my clients which is just the bare basics. The “Wealth Formula”, or the formula to creating ‘Wealth’, is:

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How does your Advisor get paid?

We all know the expression ‘there’s no free lunch’, and no matter which industry or profession you’re talking about, that holds true. In the Financial Services industry, specifically the Financial Advising part of it, there’s seems to be this misconception that, unless you have a Fee-For-Service Advisor, the services provided by your Financial Advisor are ‘free’ to you. Now, the reality is, that in one way or another, your Advisor gets paid – whether directly or indirectly by you.

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Paying down debt vs investing in your retirement – What is the right choice?

Proper Financial Planning is all about allocating your available capital in the most efficient and effective way. Growing your net worth is often a major objective in the overall plan, and there are only 2 ways to do that: Increase your assets or decrease your liabilities. That being said, there should always be a good balance between the amount of capital used to invest (growing your assets) or paying down your debt (decreasing your liabilities). Now, ‘balance’ doesn’t always mean that you should be splitting your capital 50/50 between the two, as there are several factors that play into the equation.

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Investing In Real Estate – There’s more than 1 way

In today’s market, people often look at different ways to diversify their investment portfolio. Specifically, since the market crash in 2008, a lot of investors have been unsure or scared to get (back) in to the markets, and have been looking at alternatives. Real Estate investing has become more and more popular, especially over the last 6 or 7 years, and it doesn’t seem like that trend will slow down any time soon.

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