Boys Financial Services

Boys Financial Services

Category: Content
Type: Blog Article

Generated 3 days ago

New blog articles detected

  • Make 2017 the Year You Start Your Financial Fitness Program

    As you start into this New Year thinking of the things that you might want to change to better your situation, why not develop a personalized financial fitness plan? In reviewing the Bank of Canada’s recent comments, the one big cloud on the horizon is the ever growing household debt held by Canadians. Many things we do in life come ...

  • Tips to Make Your Retirement Funds Last

    As ever larger numbers of the boomer generation start to retire, fixed income options, once the staple of retirement cash-flow planning, are no longer delivering the way they used to. Add to this that we’re living longer, although a welcome development, means those of us planning to rely on Registered Retirement Income Funds (RRIFs) for income may need to take ...

Boys Financial Services

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • Tax Deadlines to be Aware of in 2017

    January heralds the start of the annual panic of gathering up all those documents that we need for the income tax deadline and review with our accounting professionals. Many of us are focused on this while forgetting that good tax planning should happen year-round. There’s no time like now to get started. Filing our returns is backwards-looking, and there are ...

  • What can we expect in 2017?

    As we start into 2017, here are some comments on what investors should consider in the coming year. Investors may benefit by taking a more cautious approach, but at the same time realising it’s not all doom and gloom out there. There are three key trends to consider relating to equities; fixed income, earnings and economic fronts, with the consensus ...

  • Make Charitable Gifting One of Your 2017 Resolutions

    Here’s a good New Year’s Resolution, why not consider charitable gifting to help those less fortunate, both here at home and around the world? As a Rotarian, I am very cognisant of both the global and local reach of the many projects we support and the long term benefit that these provide. Global polio eradication is an important one, along ...

  • Teaching Your Kids about Money

    Almost on a weekly basis young couples stop by my office asking about life insurance or investing. When we get into the nitty-gritty of their finances it usually becomes apparent that they are living paycheque to paycheque. They are “renting” their lifestyle while drowning in debt, like a hamster in a wheel going round and round and getting nowhere. By ...

  • Important Budget Tips for Retirement

    When developing a retirement budget, anticipating every expense one might face can be difficult, as it’s easy to underestimate how much will be needed to maintain a comfortable lifestyle. If unexpected expenses aren’t allowed for, one could end up short and wondering where all the money went. Below are some examples of these types of expenses. Health insurance and medical expenses: ...

  • Good & Bad Reasons for Leveraging Home Equity

    For many of us, our home is our most valuable asset. So it’s no wonder some might consider that any increase in their home equity is cash in the bank.  However, before deciding to refinance to access some cash or set up a home equity line of credit (HELOC), you need to consider what you want the money for. Is ...

  • Dealing With The Retirement Conundrum!

    Often the hardest decisions people face when it come to saving for retirement is deciding what they want to do after they quit working. Considering that for two healthy 65 year olds today one could live to 90 or older, they must figure out how much they can spend each month while leaving enough to cover increasing health costs for ...

  • What is Financial Planning?

    The financial planning process is built around five key planning areas depending on the stage of life a person has reached. Lifestyle needs: Financial planning helps people organise their personal or corporate finances so they can enjoy the lifestyle they envision for themselves and their family. It provides education on how to negotiate mortgages, loans and lines of credit with ...

  • Is there part of your estate you want to keep private?

    It can be difficult to find estate planning solutions that are suitable for the complexities of blended families. Consider a family who has a financially dependent disabled child, or a blended family with multiple step children, or someone wanting to leave money to people other than their immediate family or to a charity. Parents may be worried about creating family ...

  • Are You Really Financially Prepared for Retirement?

    Several recent surveys by banks and other financial entities have revealed that almost three-quarters of Canadian farm families and small business owners have saved less than $100,000 in savings to carry them through their retirement years. Just 10% said they had saved more than $500,000. This would indicate that many farmers and small business owners are woefully under-prepared financially ...

  • The Importance of Regular Insurance Review

    Of the less that half of Canadian families that have life insurance, very few do an insurance review on a regular basis. Most policies sit in a filing cabinet gathering dust and ignored until someone passes away. Most Canadians today are more concerned about outliving their money than dying prematurely. Unfortunately, many fail to appreciate the randomness of sickness ...

  • Avoiding the Pitfalls of Blended Families Finances

    Blended families represent 12% of families with children in Canada. Many of these face financial and estate planning challenges, which can be further complicated by emotional factors. This can be both tumultuous and overwhelming, but there are ways to avoid these and streamline the transition to a blended family. Update your wills: One common mistake is neglecting to update wills ...

  • Are We Reinventing Retirement?

      As the tidal wave of baby boomers enter their retirement years across Canada, there are two major forces reshaping our view of retirement. Longevity: We are living longer and healthier. The average life expectancy today is age 82, with females even longer. National Geographic recently featured a cover featuring a newborn baby today who could potentially live to 110 ...

  • Having “the talk” with your adult children

    Fidelity Investments recently interviewed a significant number of families who had a parent over age 55 and an adult child over age 25. The key findings are very interesting; what parents want and what their children think their parents want is very different. The result was that 40% of the families surveyed disagreed on the roles and responsibilities children should ...

  • Learn From the Habits of Wealthy People

    It’s all too easy to get sucked into thinking that we can shortcut the road to wealth, by way of things such as winning the lottery, setting up the next dot-com company, or finding the next great investment. Considering that 80% of the wealth in Canada is in the hands of 20% of the people, what are those 20% doing ...

  • Would Increasing Interest Rates Leave You Struggling with Payments?

    A credit rating company recently reported that almost a million Canadians, including some who currently have excellent credit ratings, could have significant problems paying their monthly debts should interest rates rise by 1%. Credit scores measure past financials, not the impact of future stress caused by cutbacks or job losses, so even those who have excellent credit ratings could experience .....

  • Tax & Other Changes to Life Insurance Coming January 1st

    This is an important notice to all holders of term life insurance policies who may be wishing to upgrade their coverage, convert some or all of their coverage to a new permanent plan, or who are just looking to apply for new permanent life coverage. There are some important changes coming that could impact your future life insurance choices. Effective ...

Boys Financial Services

Category: Content
Type: Blog Article

Generated 4 months ago

New blog articles detected

  • Challenges for Executors Today

    Every day over a thousand Canadians turn 65. 70% don’t have current or valid wills, and 45% have not given any thought to their estate settlement issues. Very few understand the complex issues that their executors will face when dealing with their estate. Many people designate one or more of their children or a trusted family friend as their executors. ...

Boys Financial Services

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • Insurance Options for First Time Home Buyers

    With increasing home prices, millennials considering their first home need to consider the insurance they need to protect them and their families against illness, injury or premature death. Today’s inflated house prices coupled with low down payments are putting many young families at serious risk should they or a spouse be laid up due to illness or injury, or worse, ...

Boys Financial Services

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • Finding Income in Today’s Low Interest World

    A quick scan of current five-year GIC rates shows most are below 2%. After factoring inflation at 4% and the interest income fully taxable, it makes sticking your money under the mattress somewhat appealing! What are the alternatives for investors or seniors looking for secure income today? Annuities verses GICs: A 68 year old couple investing $300,000 into an annuity ...

Boys Financial Services

Category: Content
Type: Blog Article

Generated 5 months ago

Boys Financial Services

Category: Content
Type: Blog Article

Generated 5 months ago

Boys Financial Services

Category: Content
Type: Blog Article

Generated 5 months ago

Boys Financial Services

Category: Content
Type: Blog Article

Generated 6 months ago

New blog posts detected

Out-Market Your Competitors

Get complete competitive insights on over 2.2 million companies to drive your marketing strategy.

Create Free Account Log in

Out-Market Your Competitors

Get complete competitive insights on over 2.2 million companies to drive your marketing strategy.

Create Free Account

Already a user?  Log in