Michael Pottruff

10/16/2026

Does Your Adult Child Need Financial Help After You Retire?

Your retirement plan may have assumed that by this stage, your children would be financially independent. But circumstances can change, and you may find yourself providing significant support when you're no longer earning employment income.

Before deciding how much you can help, consider where the money would come from and what providing that support could mean for your own retirement income, savings and longer-term needs.

It can also help to think beyond the immediate expense. Is this a one-time need, or could the support continue? A temporary contribution can have a very different impact on your plan than an ongoing financial commitment.

Supporting your family may still be an important priority. The key is understanding how much help your retirement plan can reasonably accommodate without losing sight of your own financial needs.

Has your family's financial situation changed since you retired? Feel free to reach out.

10/16/2026

Taking on caregiving responsibilities can mean making changes to your work schedule, income, and financial priorities.

Whether you're reducing your hours or stepping away from work temporarily, it's important to consider both the immediate financial impact and your longer-term goals.

From reviewing available benefits to adjusting your savings and retirement plans, there may be ways to adapt your finances to your changing circumstances.

Swipe through for a few financial considerations worth reviewing. Has caregiving changed your financial situation? Feel free to reach out.

10/15/2026

Your Inheritance Is Coming From Another Country. Now What?

Receiving an inheritance from another country can introduce additional financial considerations depending on what you inherit and where the assets are located.

Before making any decisions, understand what you’re receiving, where it’s held and how it will be transferred to you. Cash, investments and property can each come with different considerations.

It may also be important to consider currency conversion, potential foreign or Canadian tax implications, and any reporting requirements that could apply.

Cross-border inheritances can involve more than one set of rules, so the appropriate tax or legal professionals may need to be involved depending on the situation.

Have questions about how your inheritance may fit into your broader financial plan? Feel free to reach out.

10/09/2026

Wishing everyone a happy Thanksgiving weekend! 🍂🦃

Hope you get to enjoy some good food, spend time with family and friends, and take a little break from the usual busy routine. Have a wonderful long weekend!

10/07/2026

When One Spouse Handles the Finances, Both Should Know the Basics

You don’t both need to manage the household finances day to day, but both partners should know what accounts exist, where important documents are kept and who to contact if something unexpected happens.

A little preparation can make a difficult financial transition much easier to navigate.

Need help getting your financial plan organized? Feel free to reach out.

10/07/2026

10/06/2026

Thinking About Adding Your Child to Your Home’s Title?

Adding an adult child to your home’s title may sound simple, but it can have tax, estate and legal implications.

Depending on the arrangement, considerations can include potential tax consequences, ownership and control of the property, exposure to certain claims, and whether the change achieves your estate-planning goals.

Before changing ownership, start with one question: What are you trying to accomplish, and is joint ownership the right way to do it?

Considering a change to how your property is owned? Make sure it fits into your broader financial and estate plan.

10/01/2026

Joint Bank Accounts Can Be More Complicated Than They Seem

Adding someone to a bank account can make managing money easier, but it can also raise important questions about access, responsibility, ownership and what happens to the account after death.

Before opening or joining a joint account, it’s worth understanding why the account is being shared and what each person is agreeing to.

Swipe through for a few important considerations.

Not sure how joint ownership fits into your broader financial plan? Feel free to reach out.

09/30/2026

Are Your Beneficiary Designations Keeping Up With Your Life?

As your family circumstances, finances and long-term goals change, your beneficiary designations may need to change with them.

Regularly reviewing them can help ensure how your assets are transferred continues to reflect your broader estate and legacy goals.

Need help reviewing how your beneficiary designations fit into your financial plan? Contact me today to learn more.

09/28/2026

What Happens to Your RRSP or RRIF When It’s Passed On?

Your RRSP or RRIF can be an important part of both your retirement and legacy planning. How these assets are treated can depend on who receives them and the circumstances, with different rules potentially applying to certain beneficiaries.

Understanding these considerations can help you see how your registered assets fit into the bigger picture.

Death of a RRIF annuitant