All items tagged with: retirement income
Posted in: Strategic Thinking , Debt Management, Real Wealth Management, Financial Literacy, Financial Advisor, investment, knowledge bureau, interest rates, Evelyn Jacks, real estate, master financial advisor, retirement income, financial education, mortgage stress test, mortgage lenders, Retirement and Estate Services Specialist, holistic wealth management, Canadian debt levels, debt to income ratio, qualifying for a mortgage, wealth building, Tax Strategies for Investors
In January, a new mortgage stress test was put in place requiring Canadian home buyers to qualify at rates higher than the benchmark interest rates imposed by the Bank of Canada and individual lenders. The implications to Canadian debt levels and the housing market are factors advisors should consider when offering holistic advice to clients.
Posted in: Strategic Thinking , DAC, High net worth relationship management, knowledge bureau, Evelyn Jacks, retirement planning, retirement income, wealth management, Millennials, Executive Business Builder Program, Business Builder Retreat, Young Advisor Award, J.D.Power Study. clients for advisors
Are Millennials really that unmotivated, and underperforming? Not according to an important new study. In fact, it turns out that Millennials may be ahead of their parents when it comes to retirement planning, an important trend for young tax and financial advisors looking to build their practices with peer group clients.
Posted in: Strategic Thinking , Financial Literacy, Financial Advisor, self-employed, knowledge bureau, Evelyn Jacks, tax courses, master financial advisor, retirement income, bookkeeping courses, financial education, tax preparer, entrepreneur, tax careers, holistic wealth management, bookkeeping career, online, pre-retirees, work stress, health risks, Retirement services specialist, self-study
Demanding careers and workplace stress can lead to premature death in men with existing health issues, according to a new study, although women seem to fair better. It speaks to the need for financial advisors to sit down with their boomer clients and have a frank talk about how long to work if the couple is serious about living their dream retirement.
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, TFSA, Evelyn Jacks, investment income, tax courses, retirement income, tax education, Walter Harder, TFSA deadline, TFSA penalties, contribution limits, excess contributions
The TFSA filing deadline is coming up on July 2 (the standard June 30 deadline falls on a weekend). It doesn’t apply to all TFSA investors, but for those who do have to comply, abiding by the guidelines is essential to avoid penalties.
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, Evelyn Jacks, retirement planning, retirement income, financial education, Real Wealth Manager, retirement statistics, retirement courses, CLSA, Canadian Longitudinal Study on Aging, health trends, aging statistics
The Canadian Longitudinal Study on Aging (CLSA) has just released its first report on a broad range of physical, mental and social aspects of aging in Canada. Why should tax and financial advisors care about these trends at this time? The key findings may surprise you, as the vast majority of seniors say they are managing very well.
Posted in: Strategic Thinking , Financial Literacy, High Net Worth, knowledge bureau, Evelyn Jacks, retirement planning, distinguished advisor conference, retirement income, financial education, entrepreneur, leadership development, Business Builder Retreat, Canada's wealth, Business Builder Program, leadrship retreat, leadership course
According to the 2016 Survey of Financial Security, released in December of 2017, median net worth increased in Canada by 14.7 percent since 2012. The big ticket to success? Turns out, it’s real estate, pensions and according to other studies, entrepreneurship.