Navigating the 2023 US Recession: Expert Insights and Strategies
As an experienced financial advisor, I understand the concerns that businesses and investors have regarding an impending recession. The effects of a recession are far-reaching, and it is imperative to be well-prepared for it. In this article, I will provide expert insights and strategies to help you navigate the 2023 US recession. Understanding Recession – […]
How to Create a Diversified Dividends Portfolio: A Step-by-Step Approach
Investing in a dividends portfolio is a great way to generate passive income while building long-term wealth. A dividends portfolio is a collection of stocks that pay out regular dividends to their shareholders. Dividends are payments made by companies to their shareholders as a portion of their profits. Dividend stocks can provide a steady stream […]
Three Investment Strategies That Have Stood the Test of Time
The Great Depression of 1929-1933 marked the beginning of “value investing,” a popular investment strategy today. Benjamin Graham and David Dodd wrote a classic book called Security Analysis in 1934, which outlined various investment strategies, including purchasing stocks with low prices relative to asset value, low price by earnings, and observing insider purchases. In this […]
What to Consider When Drawing Down Your RRSP
Learn how to get the most out of your RRSP withdrawals during retirement while minimizing tax implications. Discover strategies to optimize your income, defer CPP and OAS, equalize spousal RRSPs, and more. If you’ve been a diligent saver and contributed regularly to your RRSP, you may have accumulated a sizable nest egg for retirement. However, […]
Early RRSP withdrawal
Withdrawing funds from an RRSP before retirement age is a common occurrence in Canada. In this article, we will discuss the advantages and disadvantages of early withdrawals, the taxation on withdrawals, and the best strategies for withdrawing funds from an RRSP before retirement age. Advantages of Withdrawing Funds from an RRSP before Retirement The flexibility […]
Maximizing Retirement Benefits in Canada: When to Apply for OAS and CPP
As you approach retirement age in Canada, you may be wondering when to start applying for OAS and CPP benefits. These benefits can provide valuable financial support to help you maintain your quality of life during your retirement years, but it’s important to understand the eligibility requirements and the pros and cons of applying early […]
Should you withdraw RIF payments early?
Retirement Income Fund (RIF) payments are a crucial source of income for many retirees. However, some may hesitate to withdraw RIF payments earlier than required due to concerns about taxation and depletion of their retirement savings. In this article, we’ll explore why it may be beneficial to withdraw RIF payments earlier and improve your retirement […]
How to Invest in High-Dividend Canadian Stocks: 24 Top Picks
Wealth management professionals are always on the lookout for opportunities to help clients grow their portfolios. One area worth exploring is high-dividend Canadian stocks. Canada is home to many blue-chip companies that pay out generous dividends to their shareholders. In this article, we’ll look at 24 of the top Canadian stocks with high dividend yields, […]
The 10 Years Before Retirement Are Critical. How to Be Ready.
As retirement approaches, it’s important to take stock of your financial and emotional readiness for this major life transition. The ten years leading up to retirement can be especially crucial for ensuring you are prepared to enjoy a fulfilling retirement. Here are ten steps you can take to be ready: By taking these steps, you […]
Benefits of Investing in Dividend Stocks vs. Non-Dividend Payers
Investing in dividend-yielding stocks is a strategy that has been around for many years. This strategy involves buying stocks that pay dividends to investors, providing a steady stream of income. In this article, we will discuss the benefits of investing in a dividend-yielding strategy and why it can be a smart choice for investors looking […]