Daniel Wenzek - Certified Financial Planner

02/28/2024

🚨RRSP DEADLINE IS FEB 29🚨

Hi everyone! Quick reminder to get your RRSP deposits in for the 2023 tax year by tomorrow! The deadline is February 29th NOT March 1st.

If you want a hand with figuring out if you should make a deposit or not please reach out ASAP. Once the deadline passes tomorrow that’s it!

06/13/2023

We officially have access to the First Home Savings Account! It's the most anticipated product of the year and is perfect for young Canadians looking to save for that first home purchase.

Check out this piece on the bits and bobs about the FHSA https://www.fidelity.ca/en/investor/fhsa/

Have more questions? Send me a message with "FHSA" and I'll forward you additional information!

Introducing the Tax-Free First Home Savings Account (FHSA) Buying a home can be a challenge for many first-time home buyers, but a new registered account – available April 2023 – is aiming to help Canadians save towards their first home.

04/19/2023

This month the First Home Savings Account (FHSA) was publicly launched. There have been delays for many investment companies to provide this product for clients, but I've been told widespread availability will be ready in June!

Read more about the account here: https://www.fidelity.ca/en/investor/fhsa/

If you want to work with me on this account, send me a message to be added to my FHSA dedicated mailing list!

Introducing the Tax-Free First Home Savings Account (FHSA) Buying a home can be a challenge for many first-time home buyers, but a new registered account – available April 2023 – is aiming to help Canadians save towards their first home.

10/11/2022

Excited to finally get this in the mail!

My CFP diploma arrived today and I wanted to share this with everyone. Big thanks to everyone who helped me get here!

Looking forward to the next chapter of financial planning!

09/28/2022

Interest rates are going up! That means anything linked to interest rates like loans, bank accounts, and GICs are also yielding more! 🤑

Now you’re probably seeing ads for GICs all over the internet. Ever wonder why? Maybe it’s because they make the seller bank 🤔

For real, generally I prefer high interest accounts over GICs. You can see why in the post.

If you know you don’t need the money for a year and are comfortable with locking up your money, go for a GIC. Otherwise, there’s generally better options.

If you want access to any financial product, just shoot me a DM!

07/08/2022

High inflation and rising interest rates have dominated headlines this year. The pandemic has created a strange market environment and we’re feeling that impact now.

If you’re concerned, let’s chat about how this impacts you!

Royal Bank economists are prediction a 'moderate' recession to hit Canada in 2023, with home prices expected to fall 10 per cent in the year ahead.

06/03/2022

Can a person who is "unhealthy" get life insurance?

The short answer is probably, unless you're *really* sick.

Truth is, the insurance company is in the business of selling insurance. They know the average person isn't always super healthy and that's okay!

There's even some health conditions that don't normally impact your eligibility for insurance. I've seen some things in applications that I thought would have an impact that didn't.

If you've ever been denied life insurance, let me know! I go the extra mile to ensure my clients get their insurance at a reasonable price!

05/31/2022

Where to start investing?

Many people I talk to have a reservation about investing. Some people say they are afraid of losing money, others believe you need to have a certain amount of money to start.

The truth is, you can start an investment account with an empty account. That's not a typo! What many of my clients do is setup regular bi-weekly or monthly deposits to their investment accounts (such as RRSP, TFSA, RESP, and more). Many have started with empty accounts and now have well into five figures in just a couple short years.

At first it may not seem like much, but watching your investment balance slowly grow feels incredible! Investing is a long term plan after all!

What's holding you back from starting your own investment plan?

05/13/2022

👨‍⚕️Check Up👩‍⚕️

When was your last insurance review? How much money could you be saving by moving to better alternatives? A 30 minute review could save your hundreds of dollars per month and/or add extra coverage for your loved ones such as your children.

If you like saving money, send me a DM with which mortgage life tip you liked the most!

05/11/2022

The first thing I saw in my email this morning was this notification from FP Canada that I am now able to call myself a Certified Financial Planner! This marks one point in the journey of helping more Canadians feel confident in their financial life!

05/10/2022

🔒Additional Locks🔒

Interest rates are going up. You don't like your current lender and want to switch. However your life insurance is tied to your old mortgage. Suddenly it hits you that your life insurance is going to double in price. Your health is still good, but you're 5 years older. If only you were able to lock in the price when you were young...

With individual term life insurance, there are no additional ties other than the insurance company. If you want to switch lenders or outright sell your home you have all the freedom to do so without jeopardizing your life insurance coverage.

Do you prefer insurance with or without additional ties?