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TMC Wealth

A Investment & Insurance advisor at TMC Wealth helping people reach their financial goals.

09/20/2021

Time to get your week started the right way!

If you're sipping on that Monday coffee looking for some motivation, look no further.

Work towards your goals this week while thinking only of one thing, success.

Enjoy the last few days of summer!

09/17/2021

Today’s emerging trends could become your competitive advantage for the next 10 years. Ask yourself: is this trend going to stay?

Consider, for example, the pandemic’s impact on corporate business models, creating issues such as supply chain vulnerabilities; isolationism; global interdependence. Or biotechnology and the rising importance of vaccines. The growing trend toward social capitalism; its emphasis on corporate social responsibility is generating a vast array of new ethical, responsible, investing options.

Immerse yourself in watching for these trends and the companies pursing them. Choose the ones with the investment potential you desire.

With some emerging sectors, the news has been hinting at them for years. Such as space tourism. Or the global climate crisis and the growing demand for renewable energy.

Yesterday’s trend is today’s old news. What could be coming for tomorrow? Use a long game; think about the next ten years of potential performance. At TMC Wealth we can help you with your financial plan, incorporating emerging sectors, while ensuring your investment is safe and secure.

If you’re thinking about investing your savings but not sure where to start, send me a message!

09/16/2021

An economy that nearly came to a standstill in 2020 is getting back in gear. Despite the headlines, inflation is not Enemy No. 1

09/15/2021

Mortgages, debt, retirement, insurance… it can seem impossible to do it all right. Here are 4 tips to help you prioritize your finances.

Look to Yourself for Guidance
There are hundreds of steadfast rules that tell you exactly how to prioritize how you spend your money. While many of these rules are based on experience, experience it is important to evaluate what is important to you. While debt reduction may be at the forefront of most people’s plans, maybe funding an education for you child is a more meaningful goal for you right now. It’s okay to bend the rules a little to achieve your personal goals.

Think Long Term
It is easy to see what needs to happen today, but don’t forget to put some thought into what resources you will need in place in 10, 20, even 30 years down the road. Retirement comes faster than you think and it is important to take some time while you are working to design the lifestyle you want for yourself. That way you can have a clear goal that you are working towards.

Reassess Regularly
Things change. People get married, divorced, have children. Every major event that life throws at you has an effect on your financial priorities. This is no reason to panic, but rather should be seen as an opportunity to reprioritize and adjust as needed. If you have come into more money, that’s great! Perhaps it’s time to readjust so that you can reach your goals quicker. If it’s the unfortunate case that you are taking on more expenses, taking some time to reassess will allow you to re-evaluate your spending and see if there is anything that can be cut out or a goal that can be put on hold.

Ask for Help If You Need It
Keeping your finances to yourself can cause you a lot of unnecessary pain. Reach out to a professional financial planner if you are feeling overwhelmed. Situations that seem hopeless may just need a fresh perspective. There are strategies available that you may not even know about. Sometimes just having someone help you lay out a plan can make life a little easier.

Balancing a variety of financial commitments can seem hard. Remember to do what’s best for your life, be flexible, and don’t shy away from making financial compromises.

09/13/2021

Are you looking for an extra kick of motivation this morning? Look no further!

Start your week off on the right foot and accomplish what YOU want to this week. Stay motivated, keep after it!

09/10/2021

Taking out a joint life insurance policy is generally less expensive than two individual policies and offers some unique, strategic benefits. There are two options, identified according to the terms of the payout: joint first-to-die and joint last-to-die. Each has different uses, depending on your insurance needs.

A joint first-to-die life insurance pays the death benefit to either spouse or partner, according to the policy details. The surviving partner can use the amount, without restriction, for whatever pressing financial needs they may have. At TMC Wealth, we can show you the many advantages of joint life insurance compared to individual policies.

If you’re in a business partnership where you must protect the survival of your company, a joint first-to-die policy is strategically smart. The death benefit can allow the remaining partner, or partners, to pay off debts, meet emergency needs, or buy out the deceased partner’s family. A joint last-to-die policy is valuable for estate planning. If you’re working with a tight family budget, you can still leave a financial legacy for your children. As well, a joint policy may be a good option if one partner has a health condition. This could make it difficult to get individual insurance.

09/08/2021

In today’s market, there aren’t a lot of guarantees about investing. What will happen if you face a market downturn just as you expect to withdraw your money? Segregated funds insure against this, offering good investment returns and the comfort of knowing your money is protected.

Because your segregated fund is an insurance contract, the proceeds are paid directly to the beneficiaries you name. The money bypasses the expensive, legal probate process, and the privacy of your estate planning is protected.

The results of probate become a public record, which can make a stressful situation even harder on your loved ones. With segregated funds, your personal affairs will remain confidential. At TMC Wealth, we can show you how to achieve this.

Segregated funds also help you create generational wealth. Normally, the probate process results in estate fees and taxes, diverting considerable amounts of your money into the government’s coffers. However, Segregated funds are paid directly to your named beneficiary without these expenses. Your fund preserves more wealth for your family’s benefit. This benefit can usually result in greater savings than the cost of the additional management fee.

These benefits are on top of the comfort of always knowing your investments are protected from a market downturn as they grow steadily for the benefit of your heirs.

Ready to start estate planning but not sure where to start? Send me a message and let’s book some time to chat!

09/06/2021

Happy Labour Day everyone! I hope you have a safe and enjoyable holiday weekend with family and friends.

If you’re back to work today, here’s some motivation to get you through the first Monday of September!

09/03/2021

Imagine a banking system that streamline your banking while making your mortgage work harder at creating wealth for you. This innovative, ‘all-in-one’ account turns your income into a powerful debt-reduction strategy while the accompanying low-interest, Home Equity Line of Credit (HELOC) conveniently covers all your expenses.

Enjoy the convenience of having your HELOC, mortgage and bank account working powerfully together. Every dollar you pay on your mortgage automatically increases the amount you are qualified to borrow. This is particularly useful for borrowing money to invest.

As you pay off your mortgage, you create positive cash flow. This is reflected in your HELOC, which is effectively a revolving loan that can be used for any purpose. Your Carte Financial Advisor can help you understand how this works. Borrow from it at any time, pay it back, and borrow again, up to your maximum limit.

Because it’s secured against your home, a HELOC is less risky for a bank to approve. So, it typically comes with a higher credit limit and a much more competitive interest rate. Compared to an unsecured loan like your credit card, major purchases made with your HELOC will cost you far less interest.

Not sure if a HELOC is right for you? Send me a message, let’s book some time to chat!

09/01/2021

Being rich isn’t always about a specific dollar amount. Retirement dreams, and the finances that fuel these plans, are different for each person. How much money will you be needing for your dream?

It all depends on your lifestyle preferences, combined with any fixed expenses. Make it your goal to create enough passive income that your leisurely future is assured, however you envision it to be. Even with a small pension you can produce a net profit with a second revenue stream.

It’s really up to you. Choose the lifestyle you want. Work with our TMC Wealth team to evaluate your income vs outflow, project your needs, and develop a plan to achieve the retirement life you desire.

After calculating your pension and assets, you can fill in any gaps through other revenue sources. Carefully planning passive income will make the most of your existing assets and also your future.

Develop passive income today and you will enjoy a more prosperous retirement. We can help you plan a great strategy.

Address

398 Lloyd Street
Greater Sudbury, ON
P3B1P3

Opening Hours

Monday	9am - 7pm
Tuesday	9am - 7pm
Wednesday	9am - 7pm
Thursday	9am - 7pm
Friday	9am - 5pm

Telephone

+17058059055

Website

http://www.tmcwealth.com/

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