Herman Chan, CFP®

A dedicated father, partner, financial planner, and advisor who loves guiding medical professionals and real estate investors to financial freedom.

[Herman Chan, CFP® @HermanHChan]

When the student is ready to learn, the teachers appear.

@REBL_Dads

#fatherhood
#business
#leadership
#knowledge
#rebldads

[Herman Chan, CFP® @HermanHChan]

What a turnout at the @fpacanada meetup in Toronto! Fantastic conversations were had and look forward to the next one.

#fpac
#financialplanning
#community
#toronto
#crimsonfinancial

[Herman Chan, CFP® @HermanHChan]

There's no better time than May to review your finances and get professional guidance before the summer.

#FinancialPlanning
#CrimsonFinancial
#CrimsonCares
#CrimsonCarePlan
#FinancialAdvisor
#CertifiedFinancialPlanner

[Neo Financial @neofinancial]

The best financial advisor or planner for you will have the right credentials, necessary licenses, and a clear interest in meeting your specific needs.

https://t.co/t7lq9pxwn2

[Herman Chan, CFP® @HermanHChan]

Yes, the combined federal and provincial tax rates are scary.

The good news is there are ways to optimize and minimize!

#taxplanning
#crimsonfinancial
#crimsoncares
#crimsoncareplan
#financialplanning

[Herman Chan, CFP® @HermanHChan]

If you're under 40, today's the day. It's better to have disability insurance, and never need it.

#crimsonfinancial
#crimsoncares
#crimsoncareplan
#riskmanagement

[Herman Chan, CFP® @HermanHChan]

@wealthy_barber Someone who wants quality, personalized advice will get it by going through this exercise for sure.

[Herman Chan, CFP® @HermanHChan]

Yes! But I wonder what's being asked.

Ontario high school students will soon need to pass financial literacy test to graduate | CBC Accessibility https://t.co/ObapcO3QSy

[Herman Chan, CFP® @HermanHChan]

@MarkMcGrathCFP @MoneySense VEQT didn't make the cut???

[Herman Chan, CFP® @HermanHChan]

@wealthy_barber It's true. I reference you, your mantra, then I take it one step further, and add insure/invest then do fun things.

[Herman Chan, CFP® @HermanHChan]

Thanks again @STANDUP_Today for inviting me to share my thoughts on making better financial decisions. https://t.co/Fvw908S31A

#financialplanning
#crimsoncares
#crimsonfinancial
#wealthmanagement
#riskmanagement
#realestateinvesting
#medicalprofessionals

[Herman Chan, CFP® @HermanHChan]

Great seeing @JasonWattBCC and many others at the latest Toronto @fpacanada meetup last night! Didn't get to meet @JuliaChungFP though. Hope all is well. #fpac #community #financialplanning

[Herman Chan, CFP® @HermanHChan]

Here we go! #thesinglestax #personalfinance #booklaunch #thewell #toronto #torontolitup

[Herman Chan, CFP® @HermanHChan]

What's really wrong is when someone paying 1%+ at 1M or higher, and not getting a basic plan at all. And when they do it's half-baked - missing insurance and estate planning and an implementation plan.

[Art Johnson 🇨🇦 @ArtEddywealth]

@myownadvisor @globeandmail We’ve seen plans priced anywhere from $3,000 to $7,000+.
There’s nothing wrong with charging $7,000.

There is something wrong with charging $7,000 for a static document that doesn’t address sequence risk or implementation.

[Herman Chan, CFP® @HermanHChan]

It's sad to hear he lost his fight to cancer, but I don't see the words life insurance, only GoFundMe.

This is my PSA today: PM me for a free consultation call.

#crimsoncares #financialplanning #lifeinsurance

https://t.co/nHRenZuCV8

[Herman Chan, CFP® @HermanHChan]

If you're in the 58% with just work coverage, there's a good chance your surviving spouse will burn through it in less than a year or two.

#CrimsonCares #LifeInsurance #FinancialPlanning
42 per cent of Canadians don’t have life insurance: survey
https://t.co/77yqucZrTg

[Herman Chan, CFP® @HermanHChan]

Watch the recording, or just DM me if you have career, fintech, or personal finance questions!

[Advisor Flow @AdvisorFlow]

🎉 That’s a wrap on our #Webinar: Leaving Corporate for Advisory!

Thanks to @TaraYDowney, @HermanHChan, and @_bchaps for sharing real-world insights on transitioning to independent advisory.

💻 Missed it? See the recap: https://t.co/1iT90Pr3rQ

[Herman Chan, CFP® @HermanHChan]

Thank you Brenda Bouw and @GlobeAdvisor @globeandmail for the opportunity to share my story. Many Canadians deserve better advice and service and Crimson Financial is here to deliver. #financialplanning #wealthmanagemnt #doclife #realestateinvesting #crimsoncares

[Globe Advisor @GlobeAdvisor]

Before being recruited into financial services, @HermanHChan, president and certified financial planner at Crimson Financial in Toronto, wanted to be a sports reporter. In his second year of journalism school, he interviewed Vince Carter at the peak of his popularity and then-NBA commissioner David Stern. “So, I did accomplish my goal of being a sports reporter for a day,” he says. He spoke with Brenda Bouw about the variable-rate mortgage he took out in 2021 and why he went independent. https://t.co/5eYIzAdiPr

[Herman Chan, CFP® @HermanHChan]

@CanadaTaxGuy I don't want anyone to rely on a potential inheritance for their retirement projections. There's always a chance that parent or relative could change their mind at the very last second.

[Herman Chan, CFP® @HermanHChan]

I never include inheritance in financial freedom planning until they actually get the money.

And yes, most people with assets or responsibilities have done little or nothing when it comes to estate planning.

[Canadian Tax Guy (Mohammed Al-khooly) @CanadaTaxGuy]

Many people are fighting with their siblings over land back home and yet, they’re skipping getting will and estate planning.

Either they don’t see the urgency or they fully expect that their family will figure it out when they pass…

[Herman Chan, CFP® @HermanHChan]

@CanadaTaxGuy As you should be! Well done.