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Morningstar

Why investing rules of thumb don't always work

Rules of thumb are intended as guidelines. They are not exact directions, but a rough estimate of what you might need. There are several rules of thumb in investing as well, which are often interpreted in multiple ways.

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The Globe and Mail

Three online programs to help plan out your finances in retirement

For high-net-worth individuals approaching retirement and concerned about outliving their money, any of these programs can do the job. A single strategic insight or two can easily recoup the modest fees charged.

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Global News

Canadians want $250,000 a year to live comfortably — experts say curb your expectations

What would it take for you to be “financially comfortable?” For many, the answer might be lower than they think.

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Personal Finance Show

Rona Birnbaum

Rona at The Personal Finance Show

Rona Birenbaum wants you to be financially successful. Rona started out in the financial services industry at a time when sales commissions were huge and the focus was on making money for yourself, and not necessarily your clients.

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CBC

How to keep debt low

How to keep your debt down as interest rates go up

For close to a decade, homeowners have enjoyed rock-bottom interest rates. However, that's slowly changing. This week, the Bank of Canada raised its key rate by a quarter-point for the fifth time since July 2017, pushing up borrowing costs for consumers.

Full Article on cbc.ca >

 

CBC

Long-term loans: The fuel that's powering Canadian car sales | Debt Nation

Canadians are buying more vehicles than ever before: a record two million were sold last year alone, and this year is forecast to outpace that. With most borrowing money in order to make this purchase, longer and longer car loans are the new normal.

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MacLean's

Studen traveling

How Canadian university students can save for a year of travel

A Gap year needn’t create a gap in your line of credit.

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The Globe and Mail

Manulife Financial offers to pay people to leave a retirement product that was once a sensation

If you’re part of the crowd who put money in Manulife Financial Corp.’s IncomePlus guaranteed retirement income product after it debuted in 2006, watch your mail for a surprising offer.

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MoneySense

World

Why Canadians invest too much at home

Rona Birenbaum has reviewed plenty of portfolios during her career as a financial advisor, and there’s one issue that pops up time and time again: Canadians are too invested in the Canadian stock market. “In this day and age, for me to still see that, I can’t help but shake my head,” says the Toronto-based CFP with Caring for Clients.

Full Article on MoneySense.ca >

 

Seek Advisor

Rona Birenbaum, CFP® ’s Advisor Profile

Known as "the firm you can trust", Caring for Clients was one of Canada's first fee-for-service financial planning firms. Founded by industry trailblazer, Rona Birenbaum, it is now an 8-person Financial Planning and Wealth Management firm that provides comprehensive advice regarding cash flow, retirement, investing, tax and estate planning as well as risk management/insurance.

View Rona’s profile >

 

CBC

Stock trading

The latest investing trend: not just low-fee but no-fee

Wealthsimple and Fidelity shake up investing world offering trading and managed funds at no cost.

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Global News

Doug Ford

Reverse mortgage, downsizing or HELOC? The best way to boost your retirement income

They say home equity is a form of long-term forced savings. After all, while your bank will be pretty unimpressed if you skip a mortgage payment, no one will really notice if you stop your RRSP transfers.

Full Article on globalnews.ca >

Global News

Money123 by Erica Alini: The Question

Caring for Clients answered this week’s Money123 question of the week.

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CBC

Doug Ford

Renata Ford faces growing cash crunch as she pursues Premier Doug Ford in court, records show

Widow of former Toronto mayor Rob Ford has taken out a 2nd mortgage on family home — at 12.5% interest. “No earned income and ever increasing debt at unbelievably dizzying interest rates is actually a recipe for financial disaster,” said Rona Birenbaum, a Toronto-based financial planner.

Full Article on cbc.ca >

Golden Girl Finance logo

The Gold Standard Interview

The Golden Girl Finance, the financial voice for women, interviews Rona Birenbaum.

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Snap Projections

Will Robo-Planners Replace Financial Planners

With 27 years of experience in the industry, today’s guest Rona Birenbaum explains the importance of technology in the financial services field, as well as how financial planners can stay relevant through all the changes.

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Golden Girl Finance logo

The Low Down-Are High Returns from Equity at Risk?

According to a 2016 McKinsey report, investors may need to start lowering their expectations due to anticipated diminished returns. So, what to do? Spend less?

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The Globe and Mail logo

Roboto Advisor

Why robo-advisers are starting to lose clients back to humans

Robo-advisers are still a financial industry newcomer, but they’ve been around long enough to start losing clients who were unhappy with their experience. Financial planner Rona Birenbaum recently took on someone who moved some money from a full-service brokerage firm to a robo-firm, and then was disappointed not to get financial planning in addition to investment management. “This person wanted a consolidated approach and to speak to real people,” Ms. Birenbaum said.

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Advisor.ca

How financial advisors do their own planning

I’m a fee-only planner who does her own plan, as well as those of other advisors. I apply the same processes and rigour to my own plan as I do to clients’.

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Three Strategies

Three strategies for corporations with the new post­budget rules

Given that earning up to $50,000 of annual passive investment income will not be punitive, strategies that minimize income generated on a corporately owned investment portfolio, while still growing the capital are increasingly important.

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Golden Girl Finance logo

Is the Multi-Advisor Approach Best for You?

For many investors, diversification is key – a mix of equities, fixed income and cash based on your risk appetite. But when it comes to investment advice, does the same approach hold true?

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How annuities can beef up retirement cash flow

“RRIF or annuity? How about both.”

Converting 30% of your holdings to annuities is the best option for those without DB pensions.

Full Article on MoneySense.ca >

WP Canada logo

How ultimatum from advisor can help vulnerable seniors

Advisors should be prepared to lose an account in order to protect vulnerable seniors from fraud or being taken advantage of by unscrupulous family members.

Rona Birenbaum, financial planner and founder of Caring for Clients, has first-hand experience of dealing with wealthy seniors who suffer from cognitive decline and impaired decision-making.

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The Globe and Mail logo

Actor Christine Solomon on why saving was key to her early success

In Scrimp and Splurge, financial planner Rona Birenbaum looks at how Canadians make everyday spending decisions. Here she speaks with Christine Solomon, a Canadian actress whose latest work involves the movie Kids Can.

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CBC logo

Video: CBC/The National

Rona Birenbaum is Interviewed by CBC / The National: How stock market volatility could be good for you

International stock markets are increasingly volatile, but some experts suggest that rapid changes could actually be good for you. Financial planners note that stock market downturns are normal and that experiencing this amount of volatility could actually help investors from getting too confident.

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How annuities can beef up retirement cash flow

“How annuities can beef up retirement cash flow”

Toronto-based financial planner Rona Birenbaum says annuity buyers can solve this by purchasing a permanent life insurance policy representing all or some of the capital amount used to purchase the annuity.

Full Article on MoneySense.ca >

The Globe and Mail logo

Four ways the limits to aggressive investing are being tested

Surging investor confidence in early 2018 is starting to look like reckless enthusiasm. Investors have lately shown a willingness to take on risk in search of home-run returns, and the investment industry is serving up products to capitalize.

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Women of Influence

Women of Influence

Rona Birenbaum is the perfect example of the progress women have made in wealth management.

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Taxes: Next Steps

Taxes Next Steps

Ottawa may have backpedalled on some of its tax proposals but physicians remain very concerned.

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When buying critical illness insurance makes sense

“When buying critical illness insurance makes sense”

Financial planner Rona Birenbaum says the most compelling reason to buy a critical illness policy would be if someone isn’t eligible for disability insurance — for instance, a stay-at-home parent who doesn’t have an income to replace.

Full Article on MoneySense.ca >

This strategy could have you thinking twice

This strategy could have you thinking twice about the benefits of annuities

With interest rates rising, it's time for a fresh look at the cash-for-life comfort and convenience of annuities.

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When buying critical illness insurance makes sense

Opening a TFSA at your bank

Everything you need to know about the process and being prepared to meet a financial representative.

Full Article on MoneySense.ca >

WP - Wealth Professional

WP Wealth Professional Magazine

Determined, Innovative and Successful: Meet the Team Who Is Taking Over the Wealth Industry, One Client at a Time

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When buying critical illness insurance makes sense

“Help, my husband won’t get a job!”

Get ready for some tough love, says Rona Birenbaum, a Toronto-based financial planner and founder of Caring for Clients.

Full Article on MoneySense.ca >

Canadian Wealth Professional Award

Canadian Wealth Professional Award

Caring for Clients is more than proud to announce that we were the 2016 winners of the Canadian Wealth Professional Award for: 

BEST INDEPENDENT ADVISOR OFFICE - FEWER THAN 10 STAFF

Full Release >

Avoid falling victim to predatory advisers

“Avoid falling victim to predatory advisers”

The Medical Post
December 10, 2016

  • "Living the good life in retirement"
     - Rona and Clifford's clients, Janet and Bob, talk about the benefits of financial planning in their  interview with Ellen Roseman of the Toronto Star.

Avisor HQ Award        Top 50 2015

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