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Stay informed with what’s going on. Browse posts that might be helpful to you or check out an event happening in your area. Come back regularly as this page is kept up-to-date with a lot of relevant information.
🌟 **Outliving Your Savings: The Longevity Risk** 🌟
“How long will you live, and can your savings keep up?” 🤔
Many retirees are experiencing longer lives than ever before, leading to a pressing concern: longevity risk—the risk of outliving your savings. If you retire at 65 and live to 90, that’s a whopping **25 years** of expenses to cover! 😱
Unfortunately, many find themselves financially strained in their later years due to underestimated expenses and inflation. 📉💸
✨ **Combat Longevity Risk by:**
1. Diversifying your investment strategies 💼
2. Budgeting for healthcare expenses 🏥
3. Creating a flexible withdrawal plan that adapts as you age 🔄
Thinking long-term is crucial to enjoying a worry-free retirement! ☀️
https://advisor.sunlife.ca/brad.wigard/
#RetirementPlanning #LongevityRisk #FinancialFreedom #InvestSmart #RetirementGoals #WealthManagement
“How long will you live, and can your savings keep up?” 🤔
Many retirees are experiencing longer lives than ever before, leading to a pressing concern: longevity risk—the risk of outliving your savings. If you retire at 65 and live to 90, that’s a whopping **25 years** of expenses to cover! 😱
Unfortunately, many find themselves financially strained in their later years due to underestimated expenses and inflation. 📉💸
✨ **Combat Longevity Risk by:**
1. Diversifying your investment strategies 💼
2. Budgeting for healthcare expenses 🏥
3. Creating a flexible withdrawal plan that adapts as you age 🔄
Thinking long-term is crucial to enjoying a worry-free retirement! ☀️
https://advisor.sunlife.ca/brad.wigard/
#RetirementPlanning #LongevityRisk #FinancialFreedom #InvestSmart #RetirementGoals #WealthManagement
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How much life insurance is the right amount? Let’s set up some time to discuss the details such as how long you need it and what kind might be right for you. You can walk out feeling more confident and educated on your options.
Script: How much life insurance is the right amount? Simply put, the amount of life insurance you need depends on your unique situation. A good place to start is to figure out how much life insurance you may need… how long you need it for… and what kind might be right for you. Let’s look at an example: Jackie is 33 years old… and has two kids. She has four goals for her life insurance: Leave money to her family to pay off her mortgage. Top up her kids’ registered education savings plans. Pay off her student loans. And, replace her income for 10 years. Based on these goals, Jackie is looking at a 1-million-dollar life insurance policy. If she died, her family could choose to use the insurance payout to: Put 300-thousand dollars toward the mortgage. Add 60-thousand dollars to the kids’ RESPs. Pay off her 40-thousand-dollar student loan. And… cover the family’s ongoing costs with the remaining 600-thousand dollars. How much do life insurance payments cost per month? In Jackie’s case, a 1-million-dollar, 30-year term policy for a non-smoking, 33-year-old woman… could cost about 80-dollars per month. For a man of the same age, it’s closer to 110-dollars per month. How long do you need your coverage to last? For a younger person… or a couple with debt and a mortgage, a 30-year policy or longer may be suitable. For someone in their forties… with little debt and a small mortgage… a 20-year policy might be the right fit. What are your options? Your employer may offer life insurance through your employee benefits. But… it may not be enough. And you can lose that coverage if you change employers. You may want to consider more life insurance. In which case, you have two types to choose from: Term life insurance. And… permanent life insurance. Any amount of life insurance can help give your loved ones some financial security when you die. Your unique situation will inform the amount and type of insurance you need. For more tips and tools, visit sunlife.ca.
Script: How much life insurance is the right amount? Simply put, the amount of life insurance you need depends on your unique situation. A good place to start is to figure out how much life insurance you may need… how long you need it for… and what kind might be right for you. Let’s look at an example: Jackie is 33 years old… and has two kids. She has four goals for her life insurance: Leave money to her family to pay off her mortgage. Top up her kids’ registered education savings plans. Pay off her student loans. And, replace her income for 10 years. Based on these goals, Jackie is looking at a 1-million-dollar life insurance policy. If she died, her family could choose to use the insurance payout to: Put 300-thousand dollars toward the mortgage. Add 60-thousand dollars to the kids’ RESPs. Pay off her 40-thousand-dollar student loan. And… cover the family’s ongoing costs with the remaining 600-thousand dollars. How much do life insurance payments cost per month? In Jackie’s case, a 1-million-dollar, 30-year term policy for a non-smoking, 33-year-old woman… could cost about 80-dollars per month. For a man of the same age, it’s closer to 110-dollars per month. How long do you need your coverage to last? For a younger person… or a couple with debt and a mortgage, a 30-year policy or longer may be suitable. For someone in their forties… with little debt and a small mortgage… a 20-year policy might be the right fit. What are your options? Your employer may offer life insurance through your employee benefits. But… it may not be enough. And you can lose that coverage if you change employers. You may want to consider more life insurance. In which case, you have two types to choose from: Term life insurance. And… permanent life insurance. Any amount of life insurance can help give your loved ones some financial security when you die. Your unique situation will inform the amount and type of insurance you need. For more tips and tools, visit sunlife.ca.
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💼 Worried about what happens to your pension if Hudson's Bay goes bankrupt? Employees with **defined-benefit** plans could face significant risks, particularly with underfunded pensions.
To protect your retirement, consider:
1. **Commuted Value Transfer**: A lump sum representing your pension’s value can be transferred to a Locked-In Retirement Account (LIRA) for more flexibility.
2. **Copycat Annuities**: This allows you to purchase an annuity, providing steady monthly payments.
Stay informed and explore your options! For more details, check out my video and message me through my website! ✨
https://advisor.sunlife.ca/brad.wigard/
#PensionPlanning #HudsonsBay
To protect your retirement, consider:
1. **Commuted Value Transfer**: A lump sum representing your pension’s value can be transferred to a Locked-In Retirement Account (LIRA) for more flexibility.
2. **Copycat Annuities**: This allows you to purchase an annuity, providing steady monthly payments.
Stay informed and explore your options! For more details, check out my video and message me through my website! ✨
https://advisor.sunlife.ca/brad.wigard/
#PensionPlanning #HudsonsBay
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🌍 Worried about the sustainability of the Canada Pension Plan (CPP)? Here’s the good news!
The CPP is designed for long-term stability, funded by contributions from workers and employers in a pay-as-you-go system. Projections show it’s well-funded and stable for at least the next 75 years, and it’s been rated one of the best-performing pension funds globally!
If you're heading into retirement, you can trust that CPP will provide you with income.
For more info or questions, hit the link in the post to message me through my website! 💬✨ #CPP
https://advisor.sunlife.ca/brad.wigard/
#RetirementPlanning #Canada
references:
https://www.cppinvestments.com/for-canadian/why-the-cpp-is-one-of-the-best-in-the-world/
The CPP is designed for long-term stability, funded by contributions from workers and employers in a pay-as-you-go system. Projections show it’s well-funded and stable for at least the next 75 years, and it’s been rated one of the best-performing pension funds globally!
If you're heading into retirement, you can trust that CPP will provide you with income.
For more info or questions, hit the link in the post to message me through my website! 💬✨ #CPP
https://advisor.sunlife.ca/brad.wigard/
#RetirementPlanning #Canada
references:
https://www.cppinvestments.com/for-canadian/why-the-cpp-is-one-of-the-best-in-the-world/
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💰 Have you heard about the silent thief? It’s called **inflation**, and it can erode your purchasing power, making your money worth less over time.
Consider investing in assets that historically outpace inflation, such as gold, equities, and real estate. These can help safeguard your wealth and provide growth.
Don't forget to diversify your investments! A well-balanced portfolio can help mitigate risks and improve your chances of staying ahead of inflation.
I hope you find this helpful! For more questions, hit the link in the post and message me through my website! 💬
https://advisor.sunlife.ca/brad.wigard/
✨ #Inflation #WealthProtection #Investing
Consider investing in assets that historically outpace inflation, such as gold, equities, and real estate. These can help safeguard your wealth and provide growth.
Don't forget to diversify your investments! A well-balanced portfolio can help mitigate risks and improve your chances of staying ahead of inflation.
I hope you find this helpful! For more questions, hit the link in the post and message me through my website! 💬
https://advisor.sunlife.ca/brad.wigard/
✨ #Inflation #WealthProtection #Investing
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🎁 Did you know that cash gifts are not taxed in Canada? That’s right! You can provide financial support to your children or grandchildren without worrying about extra taxes.
As the saying goes, it’s often better to give with a warm hand than a cold one—you’ll see the joy from your generosity right away!
Just a quick note: if you’re gifting property that has appreciated in value, you may need to pay capital gains tax on the increase.
I hope you find this info helpful! If you have any questions, click the link in the post and send me a message through my website. 💬✨
https://advisor.sunlife.ca/brad.wigard/
#TaxTips #GiftGiving #Canada
As the saying goes, it’s often better to give with a warm hand than a cold one—you’ll see the joy from your generosity right away!
Just a quick note: if you’re gifting property that has appreciated in value, you may need to pay capital gains tax on the increase.
I hope you find this info helpful! If you have any questions, click the link in the post and send me a message through my website. 💬✨
https://advisor.sunlife.ca/brad.wigard/
#TaxTips #GiftGiving #Canada
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🚨 Want to avoid a **CRA shock** come tax season? Here’s what you need to know!
While CPP, OAS, and RRIF minimums can be received without taxes withheld, they are all considered taxable income. This can lead to a hefty tax bill depending on the size of these payments.
To prevent a surprise at tax time, consider asking Service Canada to withhold some tax on your CPP and OAS, and request your financial institution to withhold tax on RRIF minimum payments. This strategy can help ease the burden when it’s time to file your taxes.
I hope this advice helps! For more questions, hit the link in the post and message me through my website! 💬✨
https://advisor.sunlife.ca/brad.wigard/
#TaxTips #CRA #FinancialPlanning
While CPP, OAS, and RRIF minimums can be received without taxes withheld, they are all considered taxable income. This can lead to a hefty tax bill depending on the size of these payments.
To prevent a surprise at tax time, consider asking Service Canada to withhold some tax on your CPP and OAS, and request your financial institution to withhold tax on RRIF minimum payments. This strategy can help ease the burden when it’s time to file your taxes.
I hope this advice helps! For more questions, hit the link in the post and message me through my website! 💬✨
https://advisor.sunlife.ca/brad.wigard/
#TaxTips #CRA #FinancialPlanning
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🌟 **Will I have enough for retirement?** Many Canadians share this concern.
Start by assessing your savings: Are you contributing to your RRSP or TFSA? Plan how much you're saving each month.
Next, consider your retirement lifestyle—will you travel or relocate? Estimating your monthly expenses will help you determine your needs.
Don’t forget about government benefits like CPP and OAS; they can supplement your income but may not cover all expenses.
Lastly, think about speaking with a qualified financial planner for a personalized strategy!
For more questions, hit the link below and message me through my website! 💬✨
https://advisor.sunlife.ca/brad.wigard/
Start by assessing your savings: Are you contributing to your RRSP or TFSA? Plan how much you're saving each month.
Next, consider your retirement lifestyle—will you travel or relocate? Estimating your monthly expenses will help you determine your needs.
Don’t forget about government benefits like CPP and OAS; they can supplement your income but may not cover all expenses.
Lastly, think about speaking with a qualified financial planner for a personalized strategy!
For more questions, hit the link below and message me through my website! 💬✨
https://advisor.sunlife.ca/brad.wigard/
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🌟 **Supporting Your Kids’ Futures: Three Financial Strategies!** 🌟
Are you looking for ways to support your children or grandchildren financially without breaking the bank? Here are three impactful options to consider:
1. **Start with a Registered Education Savings Plan (RESP)** 📚: Contributions to an RESP can grow tax-free, and the Government of Canada will match a portion of your contributions through grants. This is a fantastic way to help fund their education!
2. **Explore the First Home Savings Account (FHSA)** 🏡: Designed to help young adults save for their first home, the FHSA allows for tax-free growth and withdrawals. While you can’t directly contribute, gifting the money to your child can help them take advantage of this account.
3. **Consider the Registered Disability Savings Plan (RDSP)** ♿: For children with disabilities, the RDSP offers the potential for significant growth over time, with additional government grants and bonds. This plan can provide long-term financial security for those with disabilities.
✨ Even small contributions can make a big difference over time! Remember, it’s not just about the amount—it’s about the impact you’re making on their futures.
If you have questions or want to learn more, feel free to send me a message through my website!
https://advisor.sunlife.ca/brad.wigard/
Are you looking for ways to support your children or grandchildren financially without breaking the bank? Here are three impactful options to consider:
1. **Start with a Registered Education Savings Plan (RESP)** 📚: Contributions to an RESP can grow tax-free, and the Government of Canada will match a portion of your contributions through grants. This is a fantastic way to help fund their education!
2. **Explore the First Home Savings Account (FHSA)** 🏡: Designed to help young adults save for their first home, the FHSA allows for tax-free growth and withdrawals. While you can’t directly contribute, gifting the money to your child can help them take advantage of this account.
3. **Consider the Registered Disability Savings Plan (RDSP)** ♿: For children with disabilities, the RDSP offers the potential for significant growth over time, with additional government grants and bonds. This plan can provide long-term financial security for those with disabilities.
✨ Even small contributions can make a big difference over time! Remember, it’s not just about the amount—it’s about the impact you’re making on their futures.
If you have questions or want to learn more, feel free to send me a message through my website!
https://advisor.sunlife.ca/brad.wigard/
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What happens when you withdraw money from your RRSP early?
1. You’ll miss out on the advantages of compound interest.
2. You'll have to pay tax on your RRSP withdrawals.
3. You’ll permanently lose RRSP contribution room.
If you need cash to deal with an unexpected expense, reach out and we can figure out the right strategy for you.
1. You’ll miss out on the advantages of compound interest.
2. You'll have to pay tax on your RRSP withdrawals.
3. You’ll permanently lose RRSP contribution room.
If you need cash to deal with an unexpected expense, reach out and we can figure out the right strategy for you.
How can you keep your financial goals on track during a market downturn? Start by asking yourself these three questions:
1. Have my financial goals changed?
2. Do I have a diversified portfolio?
3. How comfortable am I with risk?
You may be better off staying the course and sticking to your original plan if: Your goals haven't changed, and You have a diversified portfolio. Remember, history tells us that markets grow over the long term. Still worried? Let’s chat.
1. Have my financial goals changed?
2. Do I have a diversified portfolio?
3. How comfortable am I with risk?
You may be better off staying the course and sticking to your original plan if: Your goals haven't changed, and You have a diversified portfolio. Remember, history tells us that markets grow over the long term. Still worried? Let’s chat.
Do you have an estate plan? If not, it may be time to create one. Estate planning is complex and more than just simply handing down your assets to the next generation. Let's make sure you have a plan that you and your family can count on.
Sun Life One Plan is a simple, easy-to-follow goal-based planning tool. It gives you advanced features, such as:
- Real time tracking towards your savings goals
- Personalized strategies to help you get closer to retirement sooner
- Freedom and flexibility to make changes to your plan as life circumstances changes
Let’s find out if Sun Life One Plan is right for you.
- Real time tracking towards your savings goals
- Personalized strategies to help you get closer to retirement sooner
- Freedom and flexibility to make changes to your plan as life circumstances changes
Let’s find out if Sun Life One Plan is right for you.
It's time to look at your retirement income plan through a tax lens. Check out this article to learn how the right tax strategy can increase your retirement income.
🏆 Sun Life's offering up to 25% savings on term conversions until March 31. Get lifetime coverage, fixed premiums, and cash value growth potential – perfect for business owners like you. #BusinessSmart #InsuranceUpgrade
Certain terms and conditions may apply. Contact me for more information.
Certain terms and conditions may apply. Contact me for more information.
🏆 Sun Life's offering up to 25% savings on term conversions until March 31. Get lifetime coverage, fixed premiums, and cash value growth potential – perfect for business owners like you. #BusinessSmart #InsuranceUpgrade
Certain terms and conditions may apply. Contact me for more information.
Certain terms and conditions may apply. Contact me for more information.
Building wealth isn't just about making money - it's about creating a secure future for yourself and your loved ones. It's never too early or too late to tackle your financial wellbeing.
Let's connect! It's time to brighten up your financial future by setting achievable long-term wealth goals.
Let's connect! It's time to brighten up your financial future by setting achievable long-term wealth goals.
Building wealth isn't just about making money - it's about creating a secure future for yourself and your loved ones. It's never too early or too late to tackle your financial wellbeing.
Let's connect! It's time to brighten up your financial future by setting achievable long-term wealth goals.
Let's connect! It's time to brighten up your financial future by setting achievable long-term wealth goals.
Tax season is here, fellow Canadians! Did you know that smart tax planning can significantly boost your retirement savings? 💡
Want to learn more about tax-efficient retirement strategies? Let's chat! Book a consultation today.
Want to learn more about tax-efficient retirement strategies? Let's chat! Book a consultation today.
Tax season is here, fellow Canadians! Did you know that smart tax planning can significantly boost your retirement savings? 💡
Want to learn more about tax-efficient retirement strategies? Let's chat! Book a consultation today.
Want to learn more about tax-efficient retirement strategies? Let's chat! Book a consultation today.
💼 Make sure your life insurance keeps up with your growing business. Convert your term policy to permanent coverage and get 3 months of premiums covered by Sun Life. Secure your legacy and build wealth while you're at it.
#EntrepreneurLife #LifeInsurance
*Certain terms and conditions may apply. Contact me for more information.
#EntrepreneurLife #LifeInsurance
*Certain terms and conditions may apply. Contact me for more information.
💼 Make sure your life insurance keeps up with your growing business. Convert your term policy to permanent coverage and get 3 months of premiums covered by Sun Life. Secure your legacy and build wealth while you're at it.
#EntrepreneurLife #LifeInsurance
*Certain terms and conditions may apply. Contact me for more information.
#EntrepreneurLife #LifeInsurance
*Certain terms and conditions may apply. Contact me for more information.
💼 Your term policy could be working harder for you. Apply now to take advantage of Sun Life’s limited-time conversion offer for lifetime protection, guaranteed premiums, and a tax-free legacy for your loved ones.
#WealthProtection
*Certain terms and conditions may apply. Contact me for more information.
#WealthProtection
*Certain terms and conditions may apply. Contact me for more information.
💼 Your term policy could be working harder for you. Apply now to take advantage of Sun Life’s limited-time conversion offer for lifetime protection, guaranteed premiums, and a tax-free legacy for your loved ones.
#WealthProtection
*Certain terms and conditions may apply. Contact me for more information.
#WealthProtection
*Certain terms and conditions may apply. Contact me for more information.
Don’t forget to show your finances some love this Valentine's Day! 💖💰 Let's chat about how I can help you build the wealth that supports your dreams.
Don’t forget to show your finances some love this Valentine's Day! 💖💰 Let's chat about how I can help you build the wealth that supports your dreams.
Have questions?
Here to help answer your questions, provide clarity about products and get you started on the road to achieving your goals.
We are contracted with Sun Life Financial Distributors (Canada) Inc., a member of the Sun Life group of companies. Mutual funds distributed by Sun Life Financial Investment Services (Canada) Inc.