Financially Speaking

Giving your kids or grand-kids the gift of cash at Christmas is a good thing, isn’t it? Well, yes and no.

Boomers are booming on the ‘love’ front. According to Statistics Canada, many seniors enter into a second union after a divorce, separation, or the death of a partner.

There’s no place like home – and there’s no better place to begin your charitable giving. This is the time of year when we think of family and all the good things we have.

Recent reports suggest many Canadians are not saving enough for retirement and with Canadians living longer, healthier lives than ever before, your retirement income will likely need to last for twenty, thirty or more years.

Your child’s first summer job means new money in amounts they have never seen before. That can be exciting – maybe too exciting, if your child can’t control their spend mode.

You want your kids or grandchildren to have rewarding lives, both personally and financially, and one good way to help make that happen is to invest in them – through a Registered Education Savings Plan.

Congratulations graduate, you’ve done it. You’ve earned your degree or diploma and now it’s time to get on with the rest of your life.

You’ve already made a very wise choice by establishing a Registered Retirement Savings Plan (RRSP) and faithfully contributing to it for many years.

Remember when the perfect picture of retirement was a grandmotherly woman and a grandfatherly man sitting on a porch knitting and whittling away their sunset years?

Retirement is coming at you faster than you expected – but that’s okay because you expect those years to be fulfilling, brimming with new experiences and activities.