Passive investing refers to the method of buying and holding investments over the long term. In addition to minimizing costs due to frequent trading, the overall effort to manage the portfolio is low, thus the term ‘passive investing’. The most common form of passive investing is investing in the stock market indexes, or ‘index investing’.
In Canada, married couples have the opportunity to use income splitting strategies. The idea is to minimize taxes your family pays by moving income from one spouse (who is at a higher tax rate) to the other spouse (who is at a lower rate).These audit-friendly strategies can help you avoid paying unnecessary taxes!
Death. Not the most uplifting topic but one that should be considered in any financial plan. Whether it be due to inertia, or maybe not understanding the importance of having a Will, the majority of Canadians, don’t have one. Below I discuss some of the risks of not having a Will and how it can impact your loved ones:
With the acquisition of Kawhi Leonard to the Toronto Raptors, this has become an unexpected piece of household terminology: Load Management. If you’re anything like the fans in my house, you’ve probably mumbled to yourself more than once, “What does that even mean??”. Well, I don’t have answers regarding Kawhi’s play time, but I will offer a primer on another type of ‘load management’ that could help your portfolio make it deep into the post-season!
A retirement projection can be the basis for your own "Choose Your Own Adventure" book. Should I take some nice vacations with my kids now? Should I buy that sports car? Will I have enough when I am 65 to travel? The only way to really answer these questions is to take a look at your finances NOW and how they project out to the FUTURE.
