Financial Planning Wisdom
Tax-Free Savings Account (TFSA) – How should we use it?
The only reason I need these gloves is ’cause of my hands. – Yogi Berra 2009 brings one exciting new development – TFSAs. You may have seen a bunch of news coverage about them. We consider them to be the best new retirement savings vehicle since RRSPs. For many, perhaps most Canadians, they will be…
Read MoreTFSA vs. RRSP – Best Retirement Vehicle?
“You give 100 percent in the first half of the game, and if that isn’t enough, in the second half you give what’s left.” – Yogi Berra Tax Free Savings Accounts (TFSA’s) will be available in 2009. Should we be using them instead of RRSP’s to save for retirement? The short answer is that there…
Read MoreUniversal Life Insurance – or “Term & Invest the Difference”?
There is a saying in the insurance industry – “If the only tool you have is a hammer, then every problem looks like a nail.” There should be a comedy show about many insurance seminars. Insurance advisors are trained to: – “Create a need (for insurance) and then fill it.” – “What we do is…
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