Basics For a Wise Financial Strategy
Posted on:Before a sky scraper can reach for the clouds, it needs a very strong foundation. Once the building is complete, the foundation is virtually unseen. The same goes for our financial strategies. Following are the basics of a strong financial foundation: Budget - Governments and businesses use budgets to properly allocate resources. It's known as good business. A budget can help you figure out where…
Read MoreEstate Planning Saves You Money !
Posted on:With the New Year fast approaching, consider giving some thought to how you want to distribute your assets, household goods and other gifts to your heirs as you contemplate your other New Years' Resolutions. This, including tax planning, is what lawyers refer to as Estate Planning. Estate Planning can be a simple or complex matter depending upon your specific situation and the needs of your heirs…
Read MoreYear-End Tax Planning Ideas
Posted on:The following are some ideas for individuals and business owners to reduce income taxes as 2014 draws to a close. Individuals should consider doing their RRSP contributions before the RRSP rush in the first 60 days of 2015. You can get better values by buying today than when all the last minute procrastinators rush to buy their RRSPs in the New Year and temporarily push up market values. Another…
Read MoreThe Three ECs of Life Insurance
Posted on:Life insurance is initially purchased for any of a number of reasons. As time goes by, many people question why they are still carrying their policies as the original purpose no longer applies. Here are the three uses of life insurance: Estate Creation - When Ralph and Alice bought their first life insurance policies, they arrived at the amount of coverage with the help of their insurance…
Read MoreFinancial Strategies for the "University Years"
Posted on:Many parents wrestle with the dilemma of how much financial support to provide their children attending post-secondary programs. The costs today are much greater than what the parents paid for similar schooling some thirty or more years ago. Tuition costs alone have risen at least tenfold since the 1970's for a basic humanities degree, never mind the enormous cost increases for professional…
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