Below you'll find a list of all posts that have been tagged as “rrsp”
Decoding RRSPs and TFSAs from a Canadian tax angle is no joke. We are often asked what makes more sense, investing in a TFSA or an RRSP? The answer is not so simple; but today we provide to you a simple blog post from a tax perspective. We hope this can help make the decision a little bit more clear, …
Today, we’ll delve into the world of Registered Retirement Savings Plans (RRSPs), a financial tool that plays a crucial role in securing a comfortable retirement for Canadians. In this easy-to-read blog post, we’ll uncover the basics of RRSPs, their key features, and why they should be on your radar. We’re often asked about RRSP’s and why they should (or shouldn’t) …
Whole life insurance, also known as permanent life insurance, is a type of life insurance policy that provides coverage for the entirety of the policyholder’s life. This type of policy typically includes a savings component, known as the cash value, which builds up over time and can be borrowed against or used to pay premiums. One of the main benefits …
Market volatility can be a challenging and stressful time for investors; and understanding market volatility can be confusing. The stock market can experience sudden and unexpected fluctuations, which can cause fear and uncertainty among investors. However, there are several strategies that investors can use to manage market volatility and protect their portfolios. One strategy is to diversify your portfolio. Diversification …
One of the most popular blog posts I wrote was back in 2019 explaining the Insured Retirement Plan. It is mid way through 2022 and the markets are currently struggling under higher inflation, geopolitical tensions across the globe and the lingering effects of Covid. What about the Insured Retirement Plan in 2022, has the strategy held up? Read on to …
Grocery shopping has forever been a dreaded task in our household, even before we had kids. The dreaded two-hour trip to the grocery store that had to be carved out of the week was a real buzz kill for us: dragging our butts to the store, shopping, then bagging and loading the bags, coming home; and unloading them again. Not …
Canadians are thinking about a retirement reset According to a new poll by RBC dubbed the 2021 RBC Retirement Myths & Realities Poll, it states that 18% of Canadian respondents aged 50+ have now hit the pause button on retirement, with Alberta being the highest at 33%. Respondents stated that the pandemic has caused them to hit the pause button …
This last couple of weeks we have seen a revolution of retail trading. While many folks still work from home and limit their exposure to the outside world, the stock market is reaching all time highs fueled in part by “cheap money”. With almost unlimited stimulus from the fed and low interest rate guidance for the foreseeable future, this trend …
Press Release Contact: Curtis Haigh curtis@precisionfinancial.ca LOCAL INTEREST Curtis Haigh Qualifies as a Member Of “Elder Planning Counselor” Designation Program TORONTO, ON – A nationally recognized designation, was conferred on Curtis Haigh of Precision Financial & Benefits after successfully completing an intense and rigorous test of knowledge regarding current seniors’ issues. The “Canadian Initiative for Elder Planning Studies” …
What is a financial and investment plan? And why would YOU need one? Even though I am quite capable to change the oil in my truck, as I get older I find that I don’t have the time to do it on a regular basis. Thankfully, there are people out there that do this service for a living. The same …
Almost 3 months into 2020 and we’ve seen a wild ride so far. No matter where you look, there always seems to be some force of nature making news whether that be media, politics, environment or social issues. All of this information can overload us at times and detract from our long-term financial goals. As this is a financial blog, …
This is a topic that comes out of the woodwork, almost every three or four years. Almost like clockwork, at least since I’ve been in the business. The scenario is this, I get a call from a client or a prospective client and they proceed to tell me about this new strategy that they are being pitched that usually …
This blog is a continuation of our Precision Financial Mini Series on investment fees. As an investor, it is important that you understand what sales charges and investment fees you will pay once you and your financial advisor or financial planner agree upon an investment plan. In our previous blog, we spoke about a recurring annual fee called a …
This blog is part of our Precision Financial Mini Series on Investment Fees Understanding investment fees is no small feat. Fee questions are often met with confusing explanations that leave even a savvy investor feeling frustrated. At Precision Financial, we want you to understand what you are paying for and why, so we’ve created a blog mini-series on investment fees. …
In a poll conducted in March by the CIBC, it found that Ninety-Two per cent of Canadian women with investment portfolios are primarily or equally in charge of household financial decisions. Interestingly enough, only half said they feel confident or have the knowledge to actually invest. The Decision Maker In this same poll, Forty-six per cent of women said they …
Most of us have likely seen the saying “Spend money on experiences, not things” show up in our social media feeds. The saying is often accompanied by a gratuitous photo of a scenic landscape, or a photo of an individual facing away from the camera while they ‘gaze’ (squint?) into the distance. This saying is propagated as a holistic living …
