Wright & Associates Retirement Planning Newsletter
436 views | +0 today
Follow
Wright & Associates Retirement Planning Newsletter
Retirement is only how you make it. Planning now, or when you retire, it's always important.
Your new post is loading...
Your new post is loading...
Scooped by Wright & Associates
Scoop.it!

TFSA criticisms miss key points: The benefits of the most popular savings tool ever

TFSA criticisms miss key points: The benefits of the most popular savings tool ever | Wright & Associates Retirement Planning Newsletter | Scoop.it
TFSAs aren't just a popular savings instrument, they're an economic tool, generating economic growth, jobs – and ultimately government revenues
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Sound tips for looking after aging parent's finances

Sound tips for looking after aging parent's finances | Wright & Associates Retirement Planning Newsletter | Scoop.it
As he gradually becomes more forgetful, Dad relies on his daughter Karen to help him manage his money. Karen has tried to simplify Dad's finances and get his affairs in order.
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

RRSPs: The basics to get you started and if they’re right for you

RRSPs: The basics to get you started and if they’re right for you | Wright & Associates Retirement Planning Newsletter | Scoop.it
You want to start saving for retirement, but don't know where to begin. Here are some RRSP tips and basics, including whether or not they are right for you.
Wright & Associates's insight:

An RRSP is an investment account – not an investment in itself. It can hold many different types of investments including mutual funds, stocks, bonds and GICs.

Once you’ve opened an RRSP, you can either work with an advisor to determine what investments you will contribute to in your RRSP, or do it yourself via a self-directed RRSP.

more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Saving for retirement: Here are the challenges confronting Gen Y

There’s a developing narrative that most Canadians are doing okay in saving for their senior years. Let’s take a closer look at how young adults are likely to fare in retirement saving
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Should you invest in an RRSP or TFSA?

Should you invest in an RRSP or TFSA? | Wright & Associates Retirement Planning Newsletter | Scoop.it
Instead of debating the merits of an RRSP or a TFSA, Canadians should consider socking away money in both types of accounts for the best tax breaks, financial advisers say.
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Banks using RRSP season to start savings conversations with Canadians

Banks using RRSP season to start savings conversations with Canadians | Wright & Associates Retirement Planning Newsletter | Scoop.it
Banks say Canadians are focusing on saving money across a variety of available investment products despite dire prognostications about a lack of retirement preparedness
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Should you open a spousal RRSP? Depends on family income, say experts - Cape Breton Post

Should you open a spousal RRSP? Depends on family income, say experts - Cape Breton Post | Wright & Associates Retirement Planning Newsletter | Scoop.it
TORONTO (CP) - Canadian couples with significantly different incomes may want to consider using a spousal RRSP to help cut their tax bill in retirement, but experts say it’s all about balance.
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

'We’re not prepared': Health care shockers threaten your retirement

'We’re not prepared': Health care shockers threaten your retirement | Wright & Associates Retirement Planning Newsletter | Scoop.it
Health-care costs can derail your best-laid retirement plans and it’s better to be prepared than be surprised by how much these expenses can be
Wright & Associates's insight:

Provincial governments will help you if you want to stay in your home; however, your local health agency may not cover your home care to your satisfaction. For example, a caseworker may assess your situation and send a personal care worker to help you bathe once or twice a week, but what if you want to bathe every day? They may send someone to come and heat your meals, but the worker may not help with laundry or housekeeping.

more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Canadians want to work during retirement

Canadians want to work during retirement | Wright & Associates Retirement Planning Newsletter | Scoop.it
For many people, retirement no longer marks the official end to their working lives, but rather the starting point for fulfilling the dreams they want to accomplish.
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Manulife Financial - How we can help - Retirement planning - Retirement

Manulife Financial - How we can help - Retirement planning - Retirement | Wright & Associates Retirement Planning Newsletter | Scoop.it
Retirement
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Brokers under White House scrutiny for costing workers billions in retirement savings

Brokers under White House scrutiny for costing workers billions in retirement savings | Wright & Associates Retirement Planning Newsletter | Scoop.it
New government research says some broker practices are costing investors $8 billion to $17 billion a year, and the White House may now support tighter oversight of brokers who handle retirement accounts.
Wright & Associates's insight:

"...impose a fiduciary duty on brokers handling retirement accounts, requiring them to act in their clients' best interest. Under current rules, brokers are held to a 'suitability' standard, meaning they must reasonably believe their recommendation is right for a customer."


Even in the US brokers don't have what is called a fiduciary duty to act in the best interests of the client.


Why must this sort of duty be imposed?


This duty must be imposed because there are still people out there who call themselves advisors who think about themselves first and not the client.  It's sad to see that there are people in this industry who will do anything to make money, yet they put their own interests ahead of their clients to do it.  


How can we stop this from always happening?  Ask another advisor for a second look at your portfolio.  It doesn't matter how big or small it is, it and you deserve a second look.  Most advisors will do this for free, or should.

more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Seven ways to prepare financially for retirement

Seven ways to prepare financially for retirement | Wright & Associates Retirement Planning Newsletter | Scoop.it
Transitioning from working life to retirement takes careful financial planning and decision-making – give yourself plenty of time to prepare.
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Video: Carrick Talks Money: What to put in an 'in case I die' file

Video: Carrick Talks Money: What to put in an 'in case I die' file | Wright & Associates Retirement Planning Newsletter | Scoop.it
The Globe's Rob Carrick talks to Mark Goodfield, accountant and partner at BDO, about how to prepare your finances in the event of death
Wright & Associates's insight:

Thank you Rob and Mark.  Great advice.  Always plan while you can and don't leave your important decisions up to someone else to make.  

more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Millennials not saving enough for retirement

Millennials not saving enough for retirement | Wright & Associates Retirement Planning Newsletter | Scoop.it
While the majority of American millennials are starting early when saving for retirement, most aren’t saving enough now in order to enjoy a comfortable retirement later, a survey finds.
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Reforming Retirement (2): Getting Ottawa’s mitts off your RRIF

Reforming Retirement (2): Getting Ottawa’s mitts off your RRIF | Wright & Associates Retirement Planning Newsletter | Scoop.it
In 1992, a deficit-strapped federal government, urgently needing cash in a hurry, came up with an idea for extracting it from Canada’s seniors. It looked at the billions of dollars retirees had stashed away in their registered retirement income ...
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Financial freedom is just $4.5-million away

Financial freedom is just $4.5-million away | Wright & Associates Retirement Planning Newsletter | Scoop.it
To achieve an average Canadian family income from dividends and bond yields, you would need an unrealistic amount of capital
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Healthcare Costs Top Retirement Fears: Survey

Healthcare Costs Top Retirement Fears: Survey | Wright & Associates Retirement Planning Newsletter | Scoop.it
High health care costs and medical expenses are the biggest financial worry about retirement for 28 percent of Americans.
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Daily Exchange - Posting

Daily Post - Exchange Morning Post readers are in the Education, Entrepreneurship, Economic Development and Enterprise communities. Serving Waterloo Region, Waterloo, Kitchener, Cambridge, including surrounding communities of Guelph, Hamilton, London, Toronto, Ottawa and other growing communities in Ontario...
Wright & Associates's insight:

The nice thing about RRSPs and TFSAs is that they allow you to earn income and get preferential tax treatment. With an RRSP contribution, you get an immediate tax deduction.

more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

RRSPs or TFSAs: Choosing the option which works best for you | Troy Media

RRSPs or TFSAs: Choosing the option which works best for you | Troy Media | Wright & Associates Retirement Planning Newsletter | Scoop.it
Which one - RRSPs or TFSAs - will give you the most comfortable retirement?
more...
No comment yet.
Suggested by Rick Pendykoski
Scoop.it!

5 Fun Activities That Will Make You Look Forward To Retirement - WINvesting.com

5 Fun Activities That Will Make You Look Forward To Retirement  - WINvesting.com | Wright & Associates Retirement Planning Newsletter | Scoop.it
Retirement is the time when people tend to slow their stride after a hectic and stressful work life. It’s also the time when one looks forward to enjoying activities and pursuing hobbies that previously had to take a backseat. On the other hand, if retirees spend their retirement idly, it eventually frustrates them after having [...]
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

3 ways to improve Canada’s retirement system

3 ways to improve Canada’s retirement system | Wright & Associates Retirement Planning Newsletter | Scoop.it
A greater focus and planning are required around three fundamental issues to ensure a more secure retirement system in Canada, says a report.
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Retirement dreams fade for small business owners in Canada

Retirement dreams fade for small business owners in Canada | Wright & Associates Retirement Planning Newsletter | Scoop.it
Considering that the majority of small business owners in Canada are over the age of 40, it’s critical they take these steps to start saving now in order to realize their dreams of retirement
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Manulife Financial - Are you ready?

Manulife Financial - Are you ready? | Wright & Associates Retirement Planning Newsletter | Scoop.it
Life’s full of surprises. There’s a lot you can’t plan for. But one thing you can control is your finances. Let us help you be ready for whatever life brings.
more...
No comment yet.
Scooped by Wright & Associates
Scoop.it!

Pain of dental fees mounts for Albertans

Pain of dental fees mounts for Albertans | Wright & Associates Retirement Planning Newsletter | Scoop.it
A visit to the dentist in Alberta may end the discomfort of a toothache, but a Herald investigation shows that appointment is likely to cause more financial pain than just about anywhere else in th...
Wright & Associates's insight:

The federal Competition Bureau, which had launched a study of dentistry in 2008 after expressing “unease” about whether suggested fee schedules were facilitating price collusion, is now expecting to release another review early this year that looks at the profession’s “restrictions on advertising.”

“The bureau will continue to advocate for increased competition to regulators, policy-makers and stakeholders,” said commissioner of competition John Pecman, “and will do so in areas where the impact is greatest to Canadians.”

The Alberta dental association says individual dentists are free to promote their fees, so long as the advertising is only intended as “information for the public,” contains “objectively verifiable statements” and doesn’t “tend to harm the dignity and honour of the profession.”

more...
No comment yet.
Suggested by Rick Pendykoski
Scoop.it!

How much do You Spend for Planning Your Retirement?

How much do You Spend for Planning Your Retirement? | Wright & Associates Retirement Planning Newsletter | Scoop.it
How to save for retirement and live a debt free life with continuous cash flow.
more...
No comment yet.