Older clients who remarry should tread carefully, especially if they are bringing significant assets into the relationship. In many cases, a marriage contract or pre-nuptial agreement is advisable
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
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
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
New BlackRock survey suggests that financial advice could go a long way in helping Canadians plan for their retirement properly
Your client's preferences should drive spending plans
Ensuring that Canadians are adequately prepared for retirement will require a number of reforms
Many clients nearing retirement have no plan to meet unexpected circumstances
Advisors can help pre-retirees’ expectations fall more in line with retired boomers’ experience as RBC study finds a wide gap between them
Pre-budget submission recommends higher RRSP contribution limits and the elimination or RRIF withdrawal minimums