After a loved one dies, paperwork is the last thing on anyone’s mind.
Estate at Ease, offered through Canada Life makes this easier.
Managing a loved one’s estate can be an additional stress for executors who are already grieving a loss. Estate at Ease™ estate documentation and identity theft protection service can alleviate some of this burden. It’s an opportunity to help your client’s beneficiary in their time of grief.
As financial advisors, we are often asked about the importance of an up to date Will, Power of Attorney and Representation Agreements. Shockingly 56% of adult Canadians do not have a current or valid Will, leading us to recommend updating these documents, along with a discussion on who should be considered as the Executor.
CPP offers benefits to workers that suffer from a severe and prolonged disability due to accident, illness, or a mental health condition.
Assuming you are under 65 and have contributed CPP premiums in four of
the last 6 years, you may be eligible.
This question is usually asked of me, often as my clients get into their 50’s and the retirement horizon starts coming into focus.
My reply is that there is no one answer that is right or wrong, it really comes down to personal circumstances and the “luck of the draw’ as to what your life expectancy will be.
In 2020 the maximum CPP benefit for someone retiring at age 65 is $1,175.83. This figure is made up of contributions you and your employer have made since you were 18 and first entered the work force. Keep in mind that not all Canadians qualify for the full maximum, most receive less than the maximum.
Many investors over the age of 60 find themselves in a quandary regarding investments that they intend to leave to their heirs. The primary concern involves the desire to conserve the investments they are bequeathing while at the same time earning a reasonable rate of return. As we all know, the volatility of the equity markets can be cruel and this can be most detrimental when investments do not have time to recover after a downturn.
As we age and our thoughts turn to estate planning, Segregated Funds may present a valuable planning opportunity. As we progress through the stages of life our investment focus changes from growth to income to preservation. Usually, the expected rates of return reduce as we age, primarily because we have less time to make up for a loss and feel the need to be more conservative in our approach.
As a young family, you will be facing a lot of new challenges that you may or may not be prepared for along the way. Whether it’s children, a mortgage, or unexpected expenses that come up, now is the perfect time to start thinking about all the potential pitfalls that may arise.
In this article we want to share some of the ways that insurance can help you stay ahead of these issues, as well as how to prepare yourself for some of life’s obstacles that you and your family may face.
Here’s an important article I wanted to share from CBC News. It addresses some of the scenarios widows and widowers could face if they continue to be reliant on CPP after the death of a spouse.