Don’t trust your gut when investing, says survey

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 23, 2017

When it comes to investing, following your gut feeling is the wrong approach, according to the findings of a survey of Canadian investors conducted by Hennick Wealth Management.   The survey results, ... Continue reading

Why Mental Health Matters for Your Money

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 22, 2017

Did you know that 1 in 5 people face mental health issues during their lifetime? That means the odds of you, a family member or someone you know being affected by mental health are high. Issues related... Continue reading

6 Additional Costs That Come with Home Ownership

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 19, 2017

When it comes to home ownership, there’s a lot to wrap your head around. But, understanding basic financial concepts can pay off big time in the long run in the form of savings.   When you’re looking ... Continue reading

Half of American families unprepared for potential financial risks

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 16, 2017

Nearly half of Americans say they could only maintain their current lifestyle for three months or less if they were to lose their primary source of income, says a new survey commissioned by the Million... Continue reading

Global executives bullish on growth

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 16, 2017

Despite geopolitical uncertainty, global middle market companies are aiming to grow, according to findings released June 6 in the EY Growth Barometer, a survey of 2,340 executives in 30 countries.   EY’s... Continue reading

Many Canadians prioritize home renos over saving for retirement

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 16, 2017

Many Canadians are prioritizing home renovations this summer over meeting other financial goals, according to the findings of a new survey released June 6.   Because of their renovation plans, nearly ... Continue reading

How to pass on the family cottage without destroying your family in the process

Published by Terry Fyke on May 31, 2017

Your beautiful family cottage has been in the family for 60 years. Your parents helped build it at a time when most people had never heard of your lake. Today, you are fully retired, and your “cottage”... Continue reading

Canadians risk family harmony by neglecting estate planning

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on May 26, 2017

Half of Canadians do not have a will, a new TD survey has found. In addition, 28 per cent of Canadians without a will are between the ages of 53 and 71, and 39 per cent have not discussed estate planning... Continue reading

Canada’s youth are among the world’s top performers for financial literacy

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on May 25, 2017

Canada has ranked as one of the top three countries worldwide for youth financial literacy, says a global report published by the Organisation for Economic Co-operation and Development (OECD).   Canada... Continue reading

Debt is compromising the ability of seniors to stay in their homes

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on May 25, 2017

A new study indicates that while nine in ten Canadians over the age of 65 would like to stay in their homes, many will not be able to afford to do so.   The study by HomEquity Bank, The Home Stretch: ... Continue reading