At first, financial planning is all about money and numbers.
But ultimately, it’s about contentment.
Russell J. Sawatsky CFP® Owner | Financial Planner
A $1,000,000 #lottery win seems like an easy choice. Take the lump sum, right?
Not necessarily. #Inflation, #longevity, #behaviour, and #risk complicate the decision more than we realize. I walk through the pros and cons in my latest blog post: https://t.co/PiZj0lmghL
#Retirement income reform in Canada is not just about demographics and dollars. It is also about moral judgement, responsibility, and policy design for real people. My latest blog post reflects on CPP, OAS, GIS, and dignity in aging. #FinancialPlanning https://t.co/rcb1ypMc6v
@AaronHectorCFP We have a daughter born in late December, so she was definitely the youngest or nearly so, in her classes through the years. She did well in school but I wonder if, in your twins scenario, the more common choice would be to delay into the new year.
@AaronHectorCFP I appreciate that this is a financial/benefits discussion, but my first thought was about the school age cohort. The child born before midnight will be the youngest in their class, the child born after midnight, the oldest.
I don't actually fish... this is an update on my financial planning practice and plans for retirement by the end of 2026. I explain what’s changing and how I’m thinking about continuity and client care. https://t.co/LwV1LcMKjL
#FinancialPlanning#AdviceOnly#MoneyArchitect
@SteveMoneyCoach Going by my recollection of something @benjaminfelix said re: 100% equity portfolio. When markets are down, you withdraw less. Or, to draw on Michael Kitces, IIRC, you forgo your inflation-based increase in withdrawals in years when markets are down. Not sure that would sell.
@SteveMoneyCoach Thanks, Steve. I tend to view allocations as matching risk to the time horizon. Short-term needs are addressed via cash holdings. However, there is academic research that suggests holding a 100% equity portfolio throughout one's life! Not sure many retirees could handle that!
#RRIF minimum withdrawals have no automatic withholding. My new blog post explains why withholding matters and how to choose an amount that keeps CRA instalments at bay.
#RetirementPlanning#AdviceOnly https://t.co/u7MoMktNxX
@BenRabidoux@MichelleRempel My wife and my oldest daughter are foreign-born mothers. Can’t follow you on this. Even if birthright citizenship has its problems, I prefer it remain our practice.
@grape_one I’m sorry that has been your experience. If using the Safari browser on an iPhone, the Reader setting improves readability significantly. There may be other settings you adjust.
When markets rise sharply, it’s easy to “let your winners run.” But when volatility returns, confidence fades fast. My latest blog post explores how disciplined #rebalancing helps manage #risk and #emotion in #investing.
Read more here: https://t.co/OGM5mErhdT #adviceonly
@LoonieDoctor Thanks for your comments. The social media posts are precisely what prompted this blog article. I should have mentioned gold, too, though…
Many "index investors" behave like stock pickers, chasing yield, sectors, or the next hot ETF. True index investing is about owning the whole market, not finding the perfect slice of it. Read my latest blog post for more: https://t.co/FAcQCAErHD #adviceonly#FinancialPlanning
A CTV story called it a #ConsumerAlert when a family faced a $660,000 #tax bill.
But this wasn’t a scam or trap; it was the tax rules working as written.
In my latest blog post, I discuss what happened, and what families can do to #plan ahead: https://t.co/wNLGF0Kwos