Get a handle on debt and make sure they’re insured
Study shows that attitudes of advisors and middle- and lower-income consumers affect financial planning
It’s no surprise that the cost of housing — in all its aspects — has increased substantially. So, your clients, whether financially strained or well off, need to consider their housing options as they approach their retirement years
Many couples are not aware of the full range of options when it comes to splitting income, both before and after retirement. Good planning can significantly increase their combined income
New research indicates that many Canadians may be overestimating how much they will need in retirement. But those with bigger dreams will still have to save more to achieve their goals
Canadians past the age of retirement are increasingly choosing to keep working, often part-time. They need help from their financial advisors to assess what they want to do in the workplace, and how they will do it
Many clients reach their contribution limits with registered accounts but still have capital to invest. With a little ingenuity, they can continue to invest in vehicles that receive favourable tax treatment
Long-lived clients and anemic fixed-income returns mean that financial advisors should be looking for ways to keep investments growing strongly well into the retirement years
Majority admit that they can’t estimate the retirement income they will likely need