Gradually transfer an inheritanceto your beneficiaries When you pass away, the proceeds of your life insurance and/or savings accounts are traditionally paid to your beneficiary(ies) as a lump sum. Depending on your circumstances, you may prefer your beneficiary(ies) to receive their inheritance more gradually. This strategy may benefit you if: You are worried about how…

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cash wedge strategy

Protect your Retirement Income in Times of Volatility In retirement, there are three potential threats to your financial well-being:  Longevity risk—The risk that you outlive your savings  Inflation risk—The risk that the cost of living is higher than you planned for  Market risk—The risk that market volatility decreases the value of your portfolio A solid investment strategy…

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our financial plans covid response

Our Financial Plans and Quadrus Investment Services are here to serve our clients during the COVID-19 Pandemic. We understand that these are challenging and uncertain times for all of us, and we will be here for you.   We are working remotely and no longer see clients face-to-face, but we continue to answer our calls and…

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mortgage insurance

For everyone that owns a mortgage, Our Financial Plans recommends that they consider replacing the lender’s mortgage insurance with personal insurance. Follow the link below to watch CBC’s Marketplace expose the pitfalls of Mortgage Insurance sold by banks and other lenders. If you have a mortgage on your home, chances are good you also have…

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ohip ends

With the announced cancellation of OHIP Out of Country Coverage, the need for Ontario residents to purchase their own travel emergency insurance has become more important in recent weeks. The Ontario Ministry of Health and Long-Term Care (MOHLTC) will be ending the Out-of-Country Travelers Program for emergency medical services (arising while outside the country) for…

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Our Financial Plans have many leading options for TFSA accounts. With the increased limits for 2019, this is an excellent opportunity to add to your investment and retirement savings. The cumulative TFSA contribution limit in 2019 will be $63,500 for a Canadian who has never contributed to a TFSA and who was 18 years old…

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