Longer lives are transforming financial advice. This special feature from the Mid-November 2015 issue of Investment Executive examines such topics as helping single retirees, using insurance-based income products, helping clients manage debt in retirement, planning for longevity and much more.
People in Canada who are single now outnumber those who are part of a couple. These singles are used to running their own show. However, these clients still have special planning needs that financial advisors can help with
Without employment income to steady volatile markets, retirees often look to insurance-related products, such as seg funds and other investment vehicles offering guaranteed returns, to provide predictable income flows and benefits
As average lifespans continue to set new records, some financial planners are routinely planning on the basis that clients will live to 100 years old. Review some of the key areas that your clients need to be aware of to retain quality of life
As a financial advisor, you are not permitted to act as executor for your clients. You can, however, offer valuable advice in helping your client select an appropriate person and avoid serious problems in the settlement of an estate
Families in which one spouse has no or little independent income may find that using a spousal RRSP remains a helpful way to split income. Knowing that the non-earning spouse has assets in his or her own name also can be a comfort
With the rising flexibility of exchanged-traded funds (ETFs), it now is possible to build portfolios for retired clients using only ETFs. Two experts show how to create yield and control risk with ETFs that deliver asset allocation and regional diversity
Ron Harvey has developed a sensitivity toward the financial concerns of his elderly clients. He regards his role as one of reassurance. "I become their 'Linus' blanket," he says. "My job is to keep them comfortable"