IG PWM Jennings Group

04/04/2022

There’s no single solution to bulk up savings when close to retirement since everyone’s finances, lifestyle needs (and wants) and retirement dates are different, but a little math mixed with the right saving and investing strategies can help many people get on track.

There’s no single solution since everyone’s finances, lifestyle needs and retirement dates are different, but advisers say some math mixed with the right saving and investing strategies can help many people get on track.

03/30/2022

During the year you retire you will have to deal with investment, pension, insurance, and other decisions that can shape your financial picture after you stop working.

When should you start CPP? What's the best RRIF strategy? Here's how to choose the option that best suits you.

03/25/2022

The rush to meet the registered retirement savings plan (RRSP) deadline is a ritual at this time of year as Canadians try to max out their contributions and reap the greatest tax savings.

03/21/2022

Having a will is an important part of your financial plan, but issues may arise if it sits unchanged for decades as life moves on from where you were when it was written. It's important to revisit your will yearly to see if any changes need to be made.

Many Canadians put aside time early in the new year for a review of their finances and experts say a look at your will should be a part of the process in order to insure your estate plans are up to date.

03/16/2022

When developing a retirement financial plan it is important to include health care plans and their associated costs.

For pre-retirees with employer health insurance coverage, the discussion should begin early on whether and how to extend coverage into their retirement years.

03/09/2022

Scenario Planning is a great supplement to forecast-based estate planning during uncertain times. It reduces uncertainty without hiding risks by developing scenarios of multiple possible futures, based on both quantitative and qualitative elements, and developing appropriate strategies to cope with such situations.

From the oil market to the Asian stock markets to travel, the most common description for 2022 is “uncertainty.” Here are tools for planning in uncertain times.

03/02/2022

Without a lack of communication and planning you and your family may not be adequately prepared to pass on or inherit family wealth.

Did you know that many Canadians are not adequately prepared to pass on or inherit family wealth? This is often due to a lack of communication and planning. The good news is that it’s never too early or too late to start.

02/23/2022

Being retired doesn’t exclude you from making remittances to the Canada Revenue Agency (CRA) on your retirement income, but there are more choices of how and when to pay the CRA that can impact your lifestyle.

02/16/2022

We all need to face the prospect of potential loss of ability to safely and independently manage finances. Mot people do need some help with money matters as they age. When the legal paperwork is well done, everyone is better protected.

When adult children need to take over financial management for an aging parent, difficulties can arise. It is critical for you to know the legal path to manage finances as spelled out in legal documents.

02/11/2022

Planning to retire in your 40’s is a big goal. But with the right plan it can be possible.

Most people think they'll retire in their 60s or 70s, but some may plan to retire much earlier. Here's guidance and advice if you want to retire in your mid 40s.

02/09/2022

Although RRSPs provide a very tax-efficient way of investing for retirement, they are only one piece of the retirement plan puzzle.

In fact, effective retirement planning goes way beyond just investing.

02/04/2022

Hybrid retirements allow you to mould the plan around you and your goals. However, you still need to have a financial plan in place to determine how much you need to save and how much you will need to earn once you’re semi-retired.

Early retirement may seem like the ultimate goal and a sign of immense wealth, but it can have its downsides.