Five Habits Draining Your Finances
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It’s a frustrating reality: you can earn a fantastic income and still feel like you’re living paycheque to paycheque. The truth is, you can’t out-earn bad spending habits. If you constantly say "yes” to the five things below, you’re likely on the fast track to financial insecurity–no matter how much money you pull in.
1. Saying "Yes” to Being the Family Bank
Helping out relatives when they’re struggling feels noble, but it can quickly sabotage your own financial plans. Lending to loved ones is often like tossing cash into...
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It Doesn’t Pay to Procrastinate
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Many people have no idea. Some people have a vague idea. A few people, a very few, have it all worked out. When it comes to retirement planning, many people do not take action until forced to by a mid-life event (career change, death of loved one) or by hearing about seniors running out of money.
It is strange that people find it so difficult to plan for their retirement. As all the basic financial books say, you start by recording your expenses, see where you can cut back, and then determine how much you need to save to achieve your retirement income goals. Yet, far too few Canadians take these presumably simple steps for their own financial success.
It is a weakness of human nature to put off ...
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Tax Planning for Severance Packages
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Over the past year, economic stresses worldwide have resulted in many employees receiving severance packages and being advised that their services are no longer required. The longer you’ve been employed with an organization, the higher your severance package will be. With the national job market experiencing varying levels of stress, it is more important than ever to hang on to as much money from an employment severance settlement as possible.
If you don’t plan ahead, the tax authorities have no problem relieving you of your extra money. A professional tax and investment advisor will run through the options with you and help you choose a strategy...
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A goal without a plan is just a wish.
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This material was prepared by AdvisorNet on behalf your Investment Advisor with Aligned Capital Partners Inc. (“ACPI”). This material is provided solely for general information and should not be considered individual investment advice or construed as an offer or solicitation to buy or sell securities. The information contained herein may not apply to all types of investors. Before acting on this material, please seek professional advice, as appropriate, based on your personal circumstances. All opinions expressed and information provided herein are subject to change without notice. Although this material has been compiled from sources believed to be reliable as at the date of publication, we cannot guarantee its accuracy or completeness. All charts and illustrations in this document are for illustrative purposes only and they are not intended to predict or project investment results. In considering any particular investment, please remember that past performance is no guarantee of future performance. ACPI is a full-service investment dealer and a member of the Canadian Investor Protection Fund (“CIPF”) and the Canadian Investment Regulatory Organization (“CIRO”). Investment services are provided through ACPI. Only investment-related products and services are offered through ACPI and covered by the CIPF. Financial planning and insurance services are provided through Cornerstone Financial Management Inc. Cornerstone Financial Management Inc. is an independent company separate and distinct from ACPI.
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Cornerstone Securities
380 Wellington St, Tower B 6th Floor, London, ON N6A 5B5
Ph:(519) 204-2495
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