When a business owner faces retirement: A clean exit or stay involved?
You’ve spent decades building your business and making it your own. Retirement is on the horizon, and it’s time to think about transitioning your company to a successor.
You’ve spent decades building your business and making it your own. Retirement is on the horizon, and it’s time to think about transitioning your company to a successor.
Estate planning may be more difficult for a blended family.
While the largest wealth transfer in Canadian history is happening, we are also observing a lack of communication between parents and children. According to a recent IPC Private Wealth poll, 58% of Canadians haven’t had this talk with their heirs, 46% intend to, and 12% don’t ever plan to. And the conversation gap may be even wider in blended families (i.e. children from a first marriage that ended in divorce and from a second marriage that is still intact).
Here’s an interesting article worth considering particularly for those of you approaching or in retirement. Using a conservative or more balanced approach may be an effective strategy for the short term for risk management. While Hussman is a notorious bear he is not wrong here. After Facebooks terrible day their P/E was higher than what most investors would look for in any market. There may still be some upside to the market but using a more global and balanced strategy will reduce your risk in the even of a correction.
Retirement Income Planning - It’s time to make a plan – your retirement income is to important to leave to chance.
Toronto Board of Trade Member Group Insurance Benefits – An Excellent Insurance Option for Toronto Small & Mid Sized Businesses A Tanner Financial, we are very proud to be a partner with the Toronto Board of Trade and we’re also an advisor with the Chambers of Commerce Group Insurance Plan in Toronto. The Toronto Board of Trade allows small to mized sized business owners and entrepreneurs access to the same group insurance and employee benefits […]
Have your say: Did Commons committee get it right on pharmacare?
Let’s get pharmacare right. What the Commons committee got right and where it missed the mark.
To be clear, as a financial planner and believer in financial prudence I am not in support of anything that increases the budget burden significantly on either the provinces or the feds. That said, without doing so, can a pharmacare system be productive and cost effective? Absolutely.
Please See This Article: FCAC To Probe Practices At Smaller Banks Another example of why Canada needs to move to one regulator for all financial services. 4500 complaints to FCAC about the big 6 banks mostly due to sales practices. There are different sets of rules for different players in the financial world. Banks, investment (MFDA & IIROC) and insurance practices should all be required to meet the same standard of care when it comes to […]
The Differences Between a Group RRSP and an Individual RRSP – How to Pick the Right Investment for Your Needs Enrolling in a Group RRSP is an excellent way to add to your current benefit plan, allowing you the ability to retain key employees and entice new staff to join your team. A Group RRSP is one of the most common methods Canadians use to save away for their retirement. A Group RRSP is very […]
Benefits Canada: Advisors need a ‘strong voice’ in CLHIA’s compensation disclosure discussion http://www.benefitscanada.com/benefits/other/advisors-need-a-strong-voice-in-clhias-compensation-disclosure-discussion-110591 Fee Disclosure is a tenuous subject. The article referenced here suggests that advisor’s need a strong voice in discussions with the CLHIA. I would go a step further and suggest that while this is true, the CLHIA needs to have an open mind and ear available for that voice. At recent information meetings regarding the G19 member insurers hinted that the guideline was […]