Articles
Tips for setting your own financial goals
Financial planning involves many strategies. Buying a house, saving for a child’s education, retirement planning, and annual holidays involve financial planning. Money is the key component of the many aspects of financial planning.
Write down your goals and dreams on a piece of paper to get started on setting your personal financial goals. Divide your list into realistic goals; then be specific for short term and long term goals. If you have a spouse or family, compile your list together. The purpose is to set goals to allow you to reach your destination.
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The Spirit of Christmas
This is the time of the year when it is important to tell those we care about how we feel. It is a time of sharing and caring and a "season of giving".
The Christmas season is a reflection of an individual's own past experiences from the time of being a child living under our own parents guidance through to adulthood, and then becoming parents ourselves.
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Thrive to be alive
I was part of the audience recently when Dan Buettner came to Kelowna as a guest of UBC in the Distinguished Speaker Series. There were many of us aging Baby Boomers in the audience to listen and learn from his words of wisdom.
Mr Buettner has travelled the world in search of answers on longevity and happiness. He has worked on assignment for National Geographic and has travelled the world searching for answers.
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Year end tax planning needs to get done
Year-end investment decisions can result in substantial tax savings. Now is the time prior to Dec 31, 2011 to get your financial record keeping in order.
Dec 31 is the deadline for clients who turn age 71 this year to convert your RRSP to a RRIF. If you have a younger spouse, and your goal is to keep your RRIF income paid at the lowest mandatory RRIF payment amount, choose to have your RRIF payments based on the age of your younger spouse.
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5% income bonus before year end
It is crucial to have guaranteed income in retirement. You need sustainable income that will last for your life and the life of your spouse.
Nearly half of Canadians have indicated they don't have a plan for turning their retirement income into an income stream. 51 per cent of households are at risk of being unable to maintain their standard of living in retirement.
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Keep your retirement plan on track
Are you concerned you may outlive your money? Some people fear outliving their assets more than they fear their own death.
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Becoming Debt Free
One of the top financial priorities today for most Canadians is becoming debt-free. A recent Manulife Bank Consumer Debt Survey confirmed, 75% of the people said becoming debt-free is one of their top financial concerns. However, 41% people who participated in the survey increased or failed to reduce their debt in the last 12 months.
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Capri Advisor Newsletter - Vol. 1
In this issue we are talking about insurance for big kids toys - Boats, RVs, ATVs and Motorcycles.
Download volume 1 (pdf)
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Capri Advisor Newsletter - Vol. 2
Capri's Mortgage division, LendingMax, shares some great mortgage advice which can possibly save you thousands of dollars. You'll want to talk to one of our mortgage specialists after reading this.
Download volume 2 (pdf)
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Taking the mystery out of Equipment Breakdown Insurance.
A small but important part of your insurance coverage should be Equipment Breakdown Insurance, also known as Boiler Insurance. A standard insurance policy or package will typically exclude coverage for Equipment Breakdown - something you should be aware of. If a loss were to occur during harvest and production, it could set you back more than you may anticipate.
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Employment Insurance Maximum Change
Effective January 1, 2010, the employment insurance (EI) maximum insurable earnings will increase from $42,300 per year to $43,200. Accordingly, the new EI benefit amount will be $457 per week, an increase from the current $447 per week.
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