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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.
Are you feeling squeezed between caring for your aging parents and supporting your own children? You're not alone.
Balancing multiple financial responsibilities can be overwhelming, but there are strategies to help.
Reach out and we can address your family's needs while helping to safeguard your own financial future.
Script: Don't let the pressure of being "sandwiched" compromise your financial well-being.
Balancing multiple financial responsibilities can be overwhelming, but there are strategies to help.
Reach out and we can address your family's needs while helping to safeguard your own financial future.
Script: Don't let the pressure of being "sandwiched" compromise your financial well-being.
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With the rising cost of living, have you had to take on a second job or side hustle? It might be time to create a financial roadmap so your can understand your spending habits and start working towards you goals. Let’s work together to help make your money go further.
Tune in as Brad spills the tea on investing at all time highs!
https://advisor.sunlife.ca/brad.wigard/
references:
https://www.theglobeandmail.com/investing/markets/markets-news/Motley%20Fool/33273706/is-it-smart-to-buy-stocks-with-the-sp-500-at-an-all-time-high-history-has-a-clear-answer/
https://advisor.sunlife.ca/brad.wigard/
references:
https://www.theglobeandmail.com/investing/markets/markets-news/Motley%20Fool/33273706/is-it-smart-to-buy-stocks-with-the-sp-500-at-an-all-time-high-history-has-a-clear-answer/
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Disability insurance helps protect you financially by replacing a portion of your income if you’re ever diagnosed with a covered medical illness, mental health issue, or injury that prevents you from working.
Getting an individual disability insurance policy can be beneficial for you even if you don’t work in a physically demanding role. As an example, if you are diagnosed with major depression that prevents you from working, your policy could replace a portion of your income while you focus on your mental health.
Interested? Let’s talk about if it’s right for you.
Getting an individual disability insurance policy can be beneficial for you even if you don’t work in a physically demanding role. As an example, if you are diagnosed with major depression that prevents you from working, your policy could replace a portion of your income while you focus on your mental health.
Interested? Let’s talk about if it’s right for you.
Disability insurance helps protect you financially by replacing a portion of your income if you’re ever diagnosed with a covered medical illness, mental health issue, or injury that prevents you from working.
Getting an individual disability insurance policy can be beneficial for you even if you don’t work in a physically demanding role. As an example, if you are diagnosed with major depression that prevents you from working, your policy could replace a portion of your income while you focus on your mental health.
Interested? Let’s talk about if it’s right for you.
Getting an individual disability insurance policy can be beneficial for you even if you don’t work in a physically demanding role. As an example, if you are diagnosed with major depression that prevents you from working, your policy could replace a portion of your income while you focus on your mental health.
Interested? Let’s talk about if it’s right for you.
Want to teach your kids about money management this summer? Try the Three Jar Method. Help your children divide their allowance or summer job earnings into three jars:
1. Spend
2. Save
3. Share
This simple system introduces budgeting, saving for goals, and the importance of giving back. It's a fun, visual way to start important money conversations with your kids during their time off from school.
1. Spend
2. Save
3. Share
This simple system introduces budgeting, saving for goals, and the importance of giving back. It's a fun, visual way to start important money conversations with your kids during their time off from school.
Want to teach your kids about money management this summer? Try the Three Jar Method. Help your children divide their allowance or summer job earnings into three jars:
1. Spend
2. Save
3. Share
This simple system introduces budgeting, saving for goals, and the importance of giving back. It's a fun, visual way to start important money conversations with your kids during their time off from school.
1. Spend
2. Save
3. Share
This simple system introduces budgeting, saving for goals, and the importance of giving back. It's a fun, visual way to start important money conversations with your kids during their time off from school.
🎢 **The Emotional Rollercoaster of Retirement: Managing Expectations** 🎢
“Retirement isn’t just a financial transition; it’s an emotional journey as well.” ❤️
Many retirees encounter challenges such as loss of identity and purpose, often compounded by financial pressures. For someone who has defined themselves by their career, the transition can lead to feelings of worthlessness and uncertainty. 😞
✨ **To prepare for these emotional hurdles:**
1. Engage in community activities to foster connections 🤝
2. Pursue hobbies that ignite your passion 🎨
3. Consider part-time work to find renewed purpose 💼
Addressing both the emotional and financial aspects of retirement is crucial for crafting a fulfilling and enjoyable journey. Let’s make the most of this new chapter! 🌅
https://advisor.sunlife.ca/brad.wigard/
#RetirementJourney #EmotionalWellbeing #FindingPurpose #RetirementPlanning #LifeAfterWork #CommunityEngagement
“Retirement isn’t just a financial transition; it’s an emotional journey as well.” ❤️
Many retirees encounter challenges such as loss of identity and purpose, often compounded by financial pressures. For someone who has defined themselves by their career, the transition can lead to feelings of worthlessness and uncertainty. 😞
✨ **To prepare for these emotional hurdles:**
1. Engage in community activities to foster connections 🤝
2. Pursue hobbies that ignite your passion 🎨
3. Consider part-time work to find renewed purpose 💼
Addressing both the emotional and financial aspects of retirement is crucial for crafting a fulfilling and enjoyable journey. Let’s make the most of this new chapter! 🌅
https://advisor.sunlife.ca/brad.wigard/
#RetirementJourney #EmotionalWellbeing #FindingPurpose #RetirementPlanning #LifeAfterWork #CommunityEngagement
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Divorce isn't just emotionally challenging — it can take a major toll on your finances too.
Some costs you may need to consider are:
- Legal fees
- Dividing your assets and debts
- The cost of shared custody of children
If you’re going through a divorce, it’s a good time to assess how this will affect your finances now and into the future. Let’s make a plan that you feel confident in.
Some costs you may need to consider are:
- Legal fees
- Dividing your assets and debts
- The cost of shared custody of children
If you’re going through a divorce, it’s a good time to assess how this will affect your finances now and into the future. Let’s make a plan that you feel confident in.
Divorce isn't just emotionally challenging — it can take a major toll on your finances too.
Some costs you may need to consider are:
- Legal fees
- Dividing your assets and debts
- The cost of shared custody of children
If you’re going through a divorce, it’s a good time to assess how this will affect your finances now and into the future. Let’s make a plan that you feel confident in.
Some costs you may need to consider are:
- Legal fees
- Dividing your assets and debts
- The cost of shared custody of children
If you’re going through a divorce, it’s a good time to assess how this will affect your finances now and into the future. Let’s make a plan that you feel confident in.
Turning 71 soon? It's time to talk about your RRSP. Did you know that by December 31st of the year you turn 71, you must convert your RRSP to a RRIF or annuity? This marks an important shift from saving to spending in retirement.
Key things to consider:
- Minimum annual withdrawals
- Tax implications
- Investment strategy adjustments
Let's chat about these upcoming changes and how we can navigate them together.
#RetirementPlanning #RRSP #RRIF
Key things to consider:
- Minimum annual withdrawals
- Tax implications
- Investment strategy adjustments
Let's chat about these upcoming changes and how we can navigate them together.
#RetirementPlanning #RRSP #RRIF
Turning 71 soon? It's time to talk about your RRSP. Did you know that by December 31st of the year you turn 71, you must convert your RRSP to a RRIF or annuity? This marks an important shift from saving to spending in retirement.
Key things to consider:
- Minimum annual withdrawals
- Tax implications
- Investment strategy adjustments
Let's chat about these upcoming changes and how we can navigate them together.
#RetirementPlanning #RRSP #RRIF
Key things to consider:
- Minimum annual withdrawals
- Tax implications
- Investment strategy adjustments
Let's chat about these upcoming changes and how we can navigate them together.
#RetirementPlanning #RRSP #RRIF
💊 **The High Cost of Healthcare in Retirement: Are You Ready?** 💊
“Healthcare costs in retirement can catch many off-guard, seriously impacting your financial stability.” ⚠️
In Canada, while we benefit from a public healthcare system, out-of-pocket expenses can still add up—especially for prescriptions, dental work, and private therapies. 💰📉 It’s surprising how much of a retiree's income can go toward health-related costs!
✨ **To prepare for this financial burden:**
1. Budget for healthcare expenses 📝
2. Consider supplemental insurance 🛡️
3. Consult with financial advisors about your unique needs 💬
Let’s explore effective strategies to ensure healthcare costs won't derail your retirement dreams! ✨🌅
https://advisor.sunlife.ca/brad.wigard/
#RetirementPlanning #HealthcareCosts #FinancialStability #Canada #RetireSmart #WealthManagement
“Healthcare costs in retirement can catch many off-guard, seriously impacting your financial stability.” ⚠️
In Canada, while we benefit from a public healthcare system, out-of-pocket expenses can still add up—especially for prescriptions, dental work, and private therapies. 💰📉 It’s surprising how much of a retiree's income can go toward health-related costs!
✨ **To prepare for this financial burden:**
1. Budget for healthcare expenses 📝
2. Consider supplemental insurance 🛡️
3. Consult with financial advisors about your unique needs 💬
Let’s explore effective strategies to ensure healthcare costs won't derail your retirement dreams! ✨🌅
https://advisor.sunlife.ca/brad.wigard/
#RetirementPlanning #HealthcareCosts #FinancialStability #Canada #RetireSmart #WealthManagement
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In the face of economic challenges, it’s important to do what you can to protect your business, your employees and your income.
Get in touch today to discuss how you can protect your business.
Get in touch today to discuss how you can protect your business.
In the face of economic challenges, it’s important to do what you can to protect your business, your employees and your income.
Get in touch today to discuss how you can protect your business.
Get in touch today to discuss how you can protect your business.
**The CPP and OAS Dilemma: Are You Getting What You Deserve?**
“When it comes to retirement, the Canada Pension Plan (CPP) and Old Age Security (OAS) are crucial—but many retirees are surprised to find they’re not receiving what they expected.” 😟
The reality is that these benefits can often fall short of covering retirees’ needs, particularly if you don’t fully grasp how to optimize your entitlements. 📉
✨ **To maximize your benefits:**
1. Understand eligibility criteria 📝
2. Know the impacts of delaying payments vs. taking them early ⏳
3. Plan your retirement strategy accordingly 📊
Let’s ensure you’re receiving all that you’ve earned as you transition into retirement! 💼✨
https://advisor.sunlife.ca/brad.wigard/
#RetirementPlanning #CPP #OAS #Canada #FinancialPreparedness #RetireSmart #WealthManagement
“When it comes to retirement, the Canada Pension Plan (CPP) and Old Age Security (OAS) are crucial—but many retirees are surprised to find they’re not receiving what they expected.” 😟
The reality is that these benefits can often fall short of covering retirees’ needs, particularly if you don’t fully grasp how to optimize your entitlements. 📉
✨ **To maximize your benefits:**
1. Understand eligibility criteria 📝
2. Know the impacts of delaying payments vs. taking them early ⏳
3. Plan your retirement strategy accordingly 📊
Let’s ensure you’re receiving all that you’ve earned as you transition into retirement! 💼✨
https://advisor.sunlife.ca/brad.wigard/
#RetirementPlanning #CPP #OAS #Canada #FinancialPreparedness #RetireSmart #WealthManagement
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From the rugged shores of Newfoundland to the majestic mountains of the west coast, our beautiful country has so much to offer.
Don't let your retirement goals take a backseat to your wanderlust! Let’s budget for domestic travel while keeping your retirement plan on track.
#RetirementPlanning #CanadianTravel
Don't let your retirement goals take a backseat to your wanderlust! Let’s budget for domestic travel while keeping your retirement plan on track.
#RetirementPlanning #CanadianTravel
From the rugged shores of Newfoundland to the majestic mountains of the west coast, our beautiful country has so much to offer.
Don't let your retirement goals take a backseat to your wanderlust! Let’s budget for domestic travel while keeping your retirement plan on track.
#RetirementPlanning #CanadianTravel
Don't let your retirement goals take a backseat to your wanderlust! Let’s budget for domestic travel while keeping your retirement plan on track.
#RetirementPlanning #CanadianTravel
💰 **Withdrawal Rate Woes: The Dangers of Common Withdrawal Rules** 💰
“Many retirees rely on conventional rules for withdrawals from their retirement savings, but this can be misguided.” ⚠️
While strategies like the **4% rule** are popular, they often fail to account for market fluctuations and individual circumstances. 📉 Planning to withdraw a fixed percentage during market downturns can jeopardize your financial stability in the long run.
✨ **To avoid this pitfall:**
1. Embrace flexible withdrawal plans that adapt to market conditions 📊
2. Align withdrawals with your lifestyle needs and goals 🎯
Let’s create a personalized approach to ensure your retirement savings last as long as you do! 🌟
https://advisor.sunlife.ca/brad.wigard/
#RetirementPlanning #WithdrawalStrategy #FinancialFitness #InvestSmart #RetireWell #WealthManagement
“Many retirees rely on conventional rules for withdrawals from their retirement savings, but this can be misguided.” ⚠️
While strategies like the **4% rule** are popular, they often fail to account for market fluctuations and individual circumstances. 📉 Planning to withdraw a fixed percentage during market downturns can jeopardize your financial stability in the long run.
✨ **To avoid this pitfall:**
1. Embrace flexible withdrawal plans that adapt to market conditions 📊
2. Align withdrawals with your lifestyle needs and goals 🎯
Let’s create a personalized approach to ensure your retirement savings last as long as you do! 🌟
https://advisor.sunlife.ca/brad.wigard/
#RetirementPlanning #WithdrawalStrategy #FinancialFitness #InvestSmart #RetireWell #WealthManagement
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🌟 **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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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.