Edward Jones Financial Advisor: Reilly Cusack

04/02/2025

🚨Success Story: Saving People Money🚨

I had two nearly identical conversations with new prospects recently. Both came in with their bank statements, showing their entire investment portfolio sitting in just one mutual fund. No diversification, no strategy—just one fund holding all their money.

Here’s the problem: The average mutual fund has an internal cost of around 2.23%—fees you don’t see, but they eat away at your returns every year. On top of that, having all your money in a single fund means you’re putting your entire financial future at risk if that one investment underperforms.

By working with them, I was able to:

✅ Diversify their investments—reducing their risk and making their money work smarter

✅ Lower their fees, saving one person $368.80 per year and the other $897.45

And here’s the kicker: Neither of them had ever received a call from their bank to review their situation.

If you have mutual funds sitting at a bank branch and nobody ever checks in with you, a quick 15-minute chat (even if you never become a client) could save you hundreds—if not thousands—of dollars.

📩 Message me
📞519-344-9872
📧[email protected]

04/01/2025

🔔 Maximize Your 2025 Tax Savings🔔

As we navigate 2025, staying informed about tax changes is crucial to optimize your finances. Here are some significant updates:

• RRSP Contribution Limit: Increased to $32,490 for the 2025 tax year.

• TFSA Contribution Limit: An additional $7,000 room is available this year, bringing the cumulative limit to $102,000 for those eligible since 2009.

• First Home Savings Account (FHSA): Annual contribution limit remains at $8,000, with a lifetime cap of $40,000.

Additionally, the Canada Child Benefit (CCB) has been recalculated, with payments expected to increase to $7,997 per year for children under 6.

Staying updated on these changes can help you make informed decisions and maximize your savings.

03/31/2025

🚨Is Your Financial Advisor Keeping In Touch🚨

Recent market turbulence has left many portfolios vulnerable:

- The S&P 500 has declined approximately 9% from its highs this year.

- Gold prices have surged to record highs as investors seek safe havens.

If your advisor isn’t proactively reaching out during these times, it’s time for a second opinion. I offer a comprehensive portfolio review at no cost, providing you with professional insights tailored to safeguard and enhance your investments. Take control of your financial future, don’t navigate this market alone.

📩 Message me
📞519-344-9872
📧[email protected]
💻

Reilly P Cusack is an Edward Jones Financial Advisor serving Sarnia, ON. Get the personal financial advice you need to achieve your goals.

03/28/2025

Buying Your First Home? 🏠

If you’re a first-time homebuyer, the First Home Savings Account (FHSA) and the RRSP Home Buyers’ Plan (HBP) can help you save faster and get a bigger tax return. Here’s how:

✅ FHSA – Contribute up to $8,000 per year (max $40,000 lifetime) and get a tax deduction while your savings grow tax-free.

✅ HBP – Withdraw up to $35,000 from your RRSP tax-free to put toward your home.

Example:

If you contribute $8,000 to your FHSA and $10,000 to your RRSP, you could get back $5,400 in tax refunds (based on a 30% tax rate)! That’s extra money to boost your down payment.

These programs make homeownership more affordable by helping you keep more of your hard-earned money. Want to see how much you could save? Let’s chat!

📩 Message me
📞519-344-9872
📧[email protected]
💻

Reilly P Cusack is an Edward Jones Financial Advisor serving Sarnia, ON. Get the personal financial advice you need to achieve your goals.

03/27/2025

🔔Smart Emergency Fund Strategy🔔

Most people know they need an emergency fund, but did you know where you keep it can make a huge difference? Instead of letting it sit in a basic savings account earning next to nothing, consider a high-interest savings account or a cashable GIC.

✅ Keeps your money accessible for emergencies

✅ Earns better interest than a regular savings account

✅ Protects your cash from market downturns

This simple switch can help your emergency fund grow while still being there when you need it. As a brokerage we have some of the best HISA and GIC rates! Contact me if you’d like a copy of all our rates at the moment!

📩 Message me
📞519-344-9872
📧[email protected]
💻

Reilly P Cusack is an Edward Jones Financial Advisor serving Sarnia, ON. Get the personal financial advice you need to achieve your goals.

03/26/2025

Your Beneficiary Mistake Could Cost Your Family Thousands! 💸🚨

👉 Did you know that if you name your estate as the beneficiary of your RRSP or TFSA, it will be subject to probate fees and creditors? Instead, naming a spouse or child as the direct beneficiary allows the funds to transfer tax-free and probate-free! ✅

💡 Action Step: Check your beneficiary designations today! Not sure if they’re set up right? Let’s review them together. 📩

03/25/2025

🔔Is Your Old Employee Retirement Account Working for You🔔

If you have a locked-in retirement account from a previous employer, leaving it untouched could be costing you. Many of these accounts sit underperforming for years, stuck in outdated investments or high-fee funds that don’t align with your goals. Over time, this can mean tens of thousands in lost growth.

The biggest downfalls?
❌ Limited investment options—banks can only offer their own products.

❌ Lack of active management—your money isn’t working as hard as it could be.

❌ Forgotten potential—many people lose track of these accounts and miss opportunities.

A professional review can ensure your money is where it should be, working for you. I’d be happy to take a look—let’s make sure your future isn’t being left behind.

📩 Message me to book a no-cost review!
📞519-344-9872
📧[email protected]

03/20/2025

🚨Does This Sound Familiar 🚨

I’ve had so many conversations lately with people who tell me:

➡️Their advisor has changed multiple times over the years.
➡️ They don’t hear from their advisor often, if at all.
➡️ They’re not sure if their investments truly fit their goals.
➡️ They’re unsure what fees they’re actually paying.

If any of this sounds familiar, I’d love to sit down and go over your situation to provide you with some professional advice at NO COST! I know life is busy, so I offer flexible appointment times for working professionals, whether it’s in-office, over the phone, or on Zoom.

At the end of the day, you deserve to feel confident about your financial future, and I’m here to help however I can!

Shoot me a quick message:
Call my office: 519-334-9872
Email: [email protected]

03/19/2025

Avoid This Costly Mistake on Your Joint Accounts! 💰🚨

Did you know that not all joint accounts automatically pass to the surviving owner when one person passes away? If your account isn’t set up as "Joint with Right of Survivorship", your share will go through your estate—triggering probate fees of around 1.5%! That could mean thousands of dollars lost unnecessarily.

With Right of Survivorship, the account bypasses probate and transfers directly to the surviving owner—saving time, money, and hassle.

💡 Action Step: Check your accounts today to ensure they’re set up correctly!