Edward Jones - Financial Advisor: Ambrose J. Recoskie

09/15/2022

“Golden years”, “next chapter”, no matter how you define it, you’ll likely want to retire someday. There are some steps you’ll want to take to ensure your retirement aspirations become a reality. You can balance saving for retirement and your other financial obligations. Planning for your future is personal and the best way to save for your retirement depends on your personal circumstances and the vision you have for yourself and your family. I can help you get started.

You have goals you want to accomplish based on your values and motivations. As your life changes over time, these goals can evolve. But there are three goals that, regardless of your life stage, every financial strategy should address.

09/14/2022

Whether it includes leaving an inheritance to your children or grandchildren, donating to charities, transferring a business or property, or providing ongoing care for a loved one – everyone needs an estate strategy. It's not about how much money you have, it's about making sure your wishes are fulfilled. Call me today to discuss how insurance can help you achieve your goals.

Life insurance offers more than protection for the unexpected. It also could help with your legacy goals.

09/12/2022

Life is full of changes, and that doesn’t stop once you pass your retirement date. I can work with you to “stress test” your financial strategy to help ensure that you’re prepared for any future changes.

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09/08/2022

In the event your child doesn’t pursue post-secondary education, your RESP’s (Registered Education Savings Plan) investment growth is taxable at your marginal tax rate plus 20%. However, if you have available RRSP (Registered Retirement Savings Plan) contribution room, you can transfer up to $50,000 of your investment returns into an RRSP with no immediate tax consequences. If you’re in this situation let's talk about it.

You may have been investing for years for your child or grandchild's post-secondary education. But what happens if they decide not to go to university or college? In this article, we outline what happens to your contributions, the government grants and investment growth.

09/07/2022

Having joint or separate bank accounts or both, is less important than agreeing upon who pays which expenses. Some couples have one person managing the bills while others split responsibilities. Here are some tips to help you start married life off on the right financial foot. Call me if you’d like to review your financial goals together.

It's important to discuss your finances and long-term goals with your significant other.

09/02/2022

Parents with two or more children often notice they can have surprisingly different personalities and interests. RESP rules take these potential differences into consideration. If one child doesn’t want to pursue post-secondary education, it may be possible for you to transfer the RESP contributions and grants to a second child that does (note that contribution and CESG limits still apply). If you think you might be in this situation, give me a call and let’s discuss together.

You may have been investing for years for your child or grandchild's post-secondary education. But what happens if they decide not to go to university or college? In this article, we outline what happens to your contributions, the government grants and investment growth.

09/01/2022

Spending time with your grandchildren is a popular retirement goal. If you’re looking to help fund their education or a particular activity for them, you may need to properly budget for it, otherwise it could impact your retirement strategy. I can help you balance education savings like an RESP (Registered Education Savings Plan) with your retirement strategy.

Almost two-thirds of retirees would be willing to jeopardized their own financial future to provide financial support for a loved one.

08/31/2022

One in three Canadians say they are interested in working in a part-time or consulting capacity after retiring, and 9% say they plan to never stop working. Retirement no longer means the end of your work life, if you don’t want it to. I can work with you to adjust your strategy to meet your needs. Let's talk.

Retirement today isn't the same as it used to be. There's a growing trend of Canadians postponing or coming out of retirement to work. Find out why and how we can help if you're planning to continue working after retirement.

08/30/2022

Even though spousal RRSPs (Registered Retirement Savings Plans) are a practical retirement savings tool for couples, as the saying goes, “the devil is in the details”! Spousal RRSPs have different ownership and contribution limits than individual RRSPs, as well as tax liability with the 3-year attribution rule. I can walk you through the ins and outs of spousal RRSPs. Let’s talk.

A spousal Registered Retirement Savings Plan not only could be a tax-smart way to invest, it may also help accelerate your household retirement savings strategy. Find out if a spousal RRSP makes sense for you.

08/29/2022

Because every moment of life is for living - let's partner for all of it. I can help you get ready for your next moment.

08/26/2022

Did you know that the majority of people planning to retire haven't saved enough? So, you're not alone. Start by getting a realistic idea of where you stand now. Once you've finished, you can keep the momentum going by reaching out to me – I can help you build a financial strategy that aligns with the goals you have for you and your family.

Use our retirement calculator to make sure you’re saving enough for your retirement.

08/25/2022

Retirement can create a void in our lives, often more social than financial. Increasingly, retirees are filling part of that void by continuing to work, typically on a part-time or consulting basis. The social connections work life brings can remain an important source of purpose. Whether you are planning to continue to work in retirement or not, I can review your goals and help you plan for the retirement you envision. Give me a call.

Retirement today isn't the same as it used to be. There's a growing trend of Canadians postponing or coming out of retirement to work. Find out why and how we can help if you're planning to continue working after retirement.