Geoff Muldoon - WFG Insurance & Financial Services

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Geoff Muldoon - WFG Insurance & Financial Services Helping individuals, families, and business owners understand their financial options, protect what matters most, and work toward a stronger financial future.

Proudly serving Fredericton and surrounding communities through World Financial Group.

10/22/2026

File Taxes to Keep GIS Payments
Understanding how government benefits work is a key part of planning for a secure retirement. For Canadians aged 65 and over who qualify for the federal seniors pension, the Guaranteed Income Supplement (GIS) provides vital, tax-free monthly support to help lower-income seniors. Often, enrollment happens automatically—if you’re eligible, you might receive notice by mail. If you haven’t received a letter within a month after turning 64, it’s important to apply to ensure you don’t miss out.

The maximum monthly GIS benefit is up to $1,100 for those who are single, widowed, divorced, or have a partner not covered by the pension, and up to $676 if your spouse is also receiving the federal pension or allowance. Remember, if you don’t file your 2025 taxes, your payments could stop or decrease, so keeping your tax filings up-to-date is essential. Alternatively, you can report your income directly to the federal service to avoid disruptions.

There are also related options for spouses and widowed adults between 60 and 64, and if you’re under 70, you can continue contributing while receiving benefits. As someone who prioritizes clear education and practical strategies, I always encourage my clients to stay informed about their entitlements and take proactive steps to protect their financial independence.

10/21/2026

TFSA Investing for Retirement Wealth
When it comes to building lasting retirement wealth, I often stress the importance of using every available tool—like the Tax-Free Savings Account (TFSA)—to its full advantage. By maximizing your TFSA room, focusing on long-term investments, and reinvesting dividends, you give your money more time to grow tax-free, letting compounding do the heavy lifting over time. I encourage clients to prioritize quality businesses—those with strong fundamentals, manageable debt, and steady earnings—over riskier, more volatile options. For example, consider a Canadian insurer that recently faced challenges from severe weather and fire claims in Q2. Despite these headwinds, their underwriting remained profitable, and their first-half results were resilient. Even after a share price dip of about 11% to $267, the company maintained a robust return on equity near 17% and extended a two-decade streak of dividend growth. For those preparing for retirement, this kind of temporary weakness can present an opportunity, especially when analysts anticipate continued upside if disciplined, long-term compounding stays in play. As always, thoughtful planning and a steady approach are key to financial independence and resilience in retirement.

10/20/2026

How Annuities Fit Into Long-Term Career Strategies
When it comes to building a secure financial future, I often discuss how annuities can play a meaningful role in a long-term career strategy. Annuities offer stable, predictable income streams, which can be especially valuable during different stages of your career journey. With the benefit of tax-deferred growth and flexible payout options, they help support long-term financial planning and provide peace of mind against the risk of outliving your savings. My focus has always been on practical, understandable solutions tailored to each person’s unique needs—whether you’re just starting out, building your business, or planning for retirement. Empowering you with the right tools is what makes financial independence and resilience possible.

10/19/2026

Canada's CPP Is Not a Complete Retirement Plan
Many people assume Canada Pension Plan (CPP) will cover their entire retirement, but the reality is quite different. CPP was designed to replace about 25% of your lifetime earnings, gradually shifting toward 33%, which means it’s only a piece of the retirement puzzle—not the whole picture. For most, reaching the maximum $1,500 monthly benefit at age 65 requires around 39 years of top-level contributions. Yet, many new retirees find themselves receiving closer to $925, and combined public benefits typically fall short of actual living expenses.

Take, for example, a retired couple in Huntsville, Ontario, living on about $30,000 per year from public benefits and a teacher pension. Even with careful planning, their retirement budget felt tight. Factors like career breaks, lower-earning years, or business setbacks can all reduce your eventual benefits—even if you’ve been diligent with your savings.

That’s why I always encourage clients to check their CPP contribution history early and review their retirement plans by age 55. Sometimes, delaying CPP to age 70 can boost payments by nearly 40%. But, as I’ve seen time and again, building true financial independence means saving beyond public pensions. Thoughtful planning and the right protection strategies can help ensure you enjoy the retirement you’ve worked so hard for.

A New Age In Retirement: Why Annuities May Be A Promising Path For Millennials And Gen XRetirement planning looks very d...
10/18/2026

A New Age In Retirement: Why Annuities May Be A Promising Path For Millennials And Gen X
Retirement planning looks very different for millennials and Gen X than it did for previous generations. With only 14% of private workers now covered by defined-benefit plans, it’s no wonder many are searching for new ways to create lasting financial security. I often talk with clients about the real challenges—rising healthcare costs, inflation, and the possibility of living well into our 80s or 90s. That’s why annuities are gaining renewed attention as a practical option for those seeking steady, guaranteed income throughout retirement. My philosophy is always to educate and empower you to make informed choices that fit your own goals. There’s no one-size-fits-all, but understanding solutions like annuities can be a key step toward protecting what matters most and working toward true financial independence.


https://www.roomvu.com/agent-news/geoffrey-muldoon/2064047-A-New-Age-In-Retirement%3A-Why-Annuities-May-Be-A-Promising-Pa

What Career Growth Looks Like in Disability InsuranceIn the world of disability insurance, career growth is a journey th...
10/17/2026

What Career Growth Looks Like in Disability Insurance
In the world of disability insurance, career growth is a journey that starts with foundational roles and evolves through risk assessment, policy design, and, for some, leadership positions. Having worked extensively with individuals, families, and business owners on their protection and financial strategies, I’ve seen firsthand how success in this field comes not just from technical expertise, but from a commitment to ongoing education and adaptability. Industry certifications and the ability to navigate regulatory and technological shifts are essential, but so is a dedication to understanding each client’s unique needs. In my experience, continuous learning and integrity are at the heart of building a meaningful career—and delivering the kind of protection and guidance that truly make a difference.


https://www.roomvu.com/agent-news/geoffrey-muldoon/1427974-What-Career-Growth-Looks-Like-in-Disability-Insurance

The Long-Term Demand for Insurance ProfessionalsAs insurance continues to adapt to shifting demographics, regulatory upd...
10/16/2026

The Long-Term Demand for Insurance Professionals
As insurance continues to adapt to shifting demographics, regulatory updates, and rapid technological advancements, the need for well-rounded professionals in our field remains strong. I see firsthand how vital it is to combine strong analytical abilities, clear communication, and technological know-how to truly serve clients and help them protect what matters most. That’s why I focus on ongoing education—not just for myself, but as part of the support I offer individuals, families, and business owners. Staying current means I can help you navigate changes confidently, whether you’re planning for retirement, safeguarding your loved ones, or building financial resilience for your business. In a landscape that’s always evolving, a commitment to learning and integrity ensures we’re always prepared for what’s next.


https://www.roomvu.com/agent-news/geoffrey-muldoon/1281535-The-Long-Term-Demand-for-Insurance-Professionals

10/15/2026

How U.S. Car Insurance Works in Canada
Crossing the border for a quick getaway or an extended visit? It's important to understand how your U.S. car insurance works in Canada. Thanks to reciprocal rules, your U.S. auto policy will typically cover a short trip north of the border—but before you drive, take a moment to confirm your coverage with your insurer. Driving uninsured in Canada is illegal, and each province or territory sets its own rules for mandatory coverage, how you purchase policies, and how penalties are enforced.

It’s also key to remember: U.S. state-minimum liability limits are rarely enough for Canadian requirements. Make sure you’re familiar with each province’s rules and always carry proof of insurance and registration while traveling. If you’re involved in an accident, call emergency services, document everything, exchange information, contact local police (if needed), and notify your insurer as soon as possible.

For longer visits or if you’re making a move, you’ll likely need Canadian insurance. And don’t forget to keep your passport, driver’s license, registration, and insurance documents handy. My focus is on helping you protect what matters most, wherever life takes you. Education and preparation are at the heart of strong financial protection—so you can drive with confidence on both sides of the border.

10/14/2026

RRIF Minimums Get Pricier When You Wait
It's important to recognize how timing can impact your retirement income strategy, especially when it comes to RRIF minimums. When Canadians convert an RRSP to a RRIF—often at age 71—the required minimum withdrawals are based on the account’s value at the start of the year and increase with age. For example, a $500,000 RRSP growing at 5% annually for seven years becomes roughly $704,000. That pushes the minimum age-72 withdrawal close to $38,000, compared to $27,000 if withdrawals had started earlier. This extra taxable income can have ripple effects, especially once your CPP, OAS, workplace pensions, or investment income are in the mix—potentially triggering the OAS recovery tax if total income passes $95,000 in 2026.

What does this mean for you? Thoughtful planning—like making partial withdrawals during lower-income years, using pension-income splitting, considering a younger spouse's age for RRIF setup, or maximizing TFSA contributions—can help spread out taxes and preserve more of your retirement income. My focus is always on educating and empowering you to make choices that support your long-term financial independence and security. Retirement planning is about more than just numbers—it's about understanding the options and finding the path that fits your life best.

10/13/2026

How Insurance Supports Both Teamwork and Independence
One of the unique strengths of insurance is how it brings people together while also supporting their independence. By managing risks and losses, insurance cultivates trust and open communication—key ingredients for effective teamwork, whether within families, businesses, or communities. At the same time, having the right insurance in place empowers individuals to make decisions confidently, knowing they have a safety net that supports their well-being and autonomy. I see this every day in my work: clear, practical protection not only fosters collaboration but also gives each person the freedom to pursue their goals independently. That balance between teamwork and independence is at the heart of building a resilient financial future.

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199 Chesley Drive Suite 109
Saint John, NB
E2K4S9

Telephone

+15062309008

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