SnS Financials

04/13/2022

Wealth management is an investment advisory service that combines other financial services to address the needs of affluent clients.

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Financial planning is all about securing your money, aim for growth and putting a healthy plan to make your money grow to beat the inflation and identify smart ways for secured tax-free growth.

03/24/2022

Wealth management is an investment advisory service that combines other financial services to address the needs of affluent clients.

03/23/2022

Here's the basic math. If you live in a house or apartment you own, and pay your own food and shelter costs, you will get the full amount of SSI benefit. If you live in a place owned by someone else, you’ll still get the maximum amount as long as you pay your own food and shelter costs.

03/22/2022

Estate planning involves determining how an individual’s assets will be preserved, managed, and distributed after death. It also takes into account the management of an individual’s properties and financial obligations in the event that they become incapacitated.

03/21/2022

Estate planning involves determining how an individual’s assets will be preserved, managed, and distributed after death or in the event they become incapacitated.

03/20/2022

Annuitants pay premiums or make a lump-sum payment to secure a life annuity.

03/19/2022

A vital step in the estate planning process is to make beneficiary designations. A beneficiary designation is a person, people, or organization you have named as receiving your assets or property when you die. The beneficiary designation may become an issue when you want to pass on property in which you have a joint ownership interest.

03/18/2022

RRSPs have two main tax advantages. First, contributors may deduct contributions against their income. For example, if a contributor's tax rate is 40%, every $100 they invest in an RRSP will save that person $40 in taxes, up to their contribution limit. Second, the growth of RRSP investments is tax-deferred. Unlike with non-RRSP investments, returns are exempt from any capital gains tax, dividend tax, or income tax. This means that investments under RRSPs compound on a pre-deferred basis.

03/17/2022

Registered Retirement Savings Plans were created in 1957 as part of the Canadian Income Tax Act. They are registered with the Canadian government and overseen by the Canada Revenue Agency (CRA), which sets rules governing annual contribution limits, contribution timing, and what assets are allowed.

03/16/2022

What Is Wealth Management?
Wealth management is an investment advisory service that combines other financial services to address the needs of affluent clients. Using a consultative process, the advisor gleans information about the client’s wants and specific situation, then tailors a personalized strategy that uses a range of financial products and services.

03/15/2022

A 401(k) is a feature of a qualified profit-sharing plan that allows employees to contribute a portion of their wages to individual accounts.
Elective salary deferrals are excluded from the employee’s taxable income (except for designated Roth deferrals).
Employers can contribute to employees’ accounts.

03/14/2022

What Is a 401(k) Plan?
A 401(k) plan is a retirement savings plan offered by many American employers that has tax advantages to the saver. It is named after a section of the U.S. Internal Revenue Code.
The employee who signs up for a 401(k) agrees to have a percentage of each paycheck paid directly into an investment account. The employer may match part or all of that contribution. The employee gets to choose among a number of investment options, usually mutual funds.