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Financial advisors warning clients about the perils of living longer

Financial advisors warning clients about the perils of living longer

One of the biggest concerns investors have is outliving their money – and it’s often their financial advisors who tell them if this fear could become a reality. This discussion is more challenging today due to volatile stock markets, low returns for fixed-income products and a more precarious labour market, including the trend toward contract work and away from jobs with defined-benefit pension plans.

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Who wants the government’s new mortgage incentive?

Who wants the government’s new mortgage incentive?

After tightening mortgage standards to rein in over-borrowing, the Trudeau government says it wants to help young people get the keys to their first home. The new First-Time Home Buyer Incentive (FTHBI), first announced in the federal budget, is set to roll out on Sept. 2, just weeks before Canadians head to the polls in October. This week, Ottawa finally clarified how the incentive is going to work, and the question is: is it a good deal?

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Financial advisors warning clients about the perils of living longer

Four ways advisors can help business owners transfer their business

“A big part of it is helping clients visualize what’s next,” says Rona Birenbaum, certified financial planner and founder of the Toronto-based fee-only financial planning firm Caring for Clients. “For entrepreneurs, it’s not just their careers, their business is like their baby. There has to be a plan for replacing it.”

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Financial advisors warning clients about the perils of living longer

Pro bono financial advice for millennials could produce big payoff

Rona Birenbaum, certified financial planner and founder of Toronto-based fee-only financial planning firm Caring for Clients, has made it a priority to work with several clients of lower net worth – including millennials, many of whom are new to investing and still may carry student debt – on a pro bono basis or at reduced rates.

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