In January we talked about Finance Tips for the Millennial. In this week's post, we dive into the next financial life stage. There are 5 general financial life stages, that occur in the following order: Early Earning Years (20-30), Family Commitment Years (30-45), Peak Earning Years (40-55), Pre-Retirement Years (55-65), and Retirement (65+). Note: There are always exceptions to the rule. Around... Continue Reading →
With 2019 tax season right around the corner, we thought it might be beneficial to dust off the archives and take a second look at an often misunderstood concept. Last year we looked at Tax on Split Income or TOSI as it is commonly referred to. In July of 2017, the federal government released proposals... Continue Reading →
With all the ups and downs in the market and all the doom and gloom in the headlines, it is hard not to wonder if all the headlines are true. If some form of recession were to happen, it is best to be prepared. Before we get into how to prepare for a recession, we... Continue Reading →
With 2019 well underway, we thought it would be beneficial to revisit a topic we talked about in 2018 (click here to read the 2018 post). The 2018 calendar year was full of volatility and economic ups and downs compared to recent years. One economic factor that saw a lot of movement was interest rates.... Continue Reading →
With the new year now just underway, we have decided to start a new segment on our blog. Each post will focus on a specific age group. As we age and journey through life we also go through very different financial stages. There are five general financial life stages: Early Earning Years (20-30), Family Commitment... Continue Reading →
This article was originally published in Grainews. Grainews is an agricultural based publication written for farmers, and often by farmers, in a style they understand. Don and Erik work closely with author Andrew Allentuck, providing the background financial plans and theoretical analysis for Andrew's Farm Financial Planner column. The Farm Financial Planner column has recently... Continue Reading →
With 2019 only a few short weeks away, many will be looking forward to putting in their retirement notice. Retirement should be a stress-free time. A time where we enjoy friends, family, hobbies, or other great things life has to offer. However, not everyone's retirement is like that. To start your retirement on the right... Continue Reading →
In life, a lot of value is given to performance. In sports, good performance merits more playing time. On the job, good performance can be rewarded with promotions, raises, and formal and informal leadership. How well someone or something performs can be very important. No matter the scenario, there are many different ways of measuring... Continue Reading →
With the recent updates that have come to the Tax-Free Savings Account for 2019, we thought it would be beneficial to discuss TFSA's in more detail. Before we get into recent events and benefits surrounding TFSA it would be worthwhile to look at the history of TFSA's. Tax Free-Savings accounts started in 2009, and originally had... Continue Reading →
