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Articles from Phil Edney | Selfgrowth.com
- The Importance of Planning for Wealth Transfer - by Submitted on Apr 24, 2012 from Phil EdneyEach year in Canada, billions of dollars in assets are transferred at death. If you plan to transfer all or some of your assets to your heirs, you want to make sure your money goes to the people you selected in the manner you intended. Unfortunately, wealth transfers don’t always occur as ...
Views: 1004(1 vote) - Strategies for Getting Out of Debt - by Submitted on May 29, 2012 from Phil EdneyAlthough most homeowners aspire to be debt-free, many are not putting their minds to it. A recent Manulife Bank poll found that three in four homeowners consider becoming or being debt-free to be among their highest financial priorities. In fact, that 75 per cent figure holds true (with only ...
Views: 929(1 vote) - Many Disability Plans Give False Sense of Security - by Submitted on Jan 13, 2012 from Phil EdneyWould you purchase Fire Insurance on your home if it only covered a fire that started on a Monday morning? Would you purchase collision on your brand new car that only covered ½ its value? Almost everyone reading this would probably answer a definite “No” to both questions, in fact you ...
Views: 738(1 vote) - Caught in the Middle? Strategies for the Sandwich Generation - by Submitted on Apr 05, 2012 from Phil EdneyIf you’re in your 40’s or 50’s and caring for both your children and your parents, welcome to the sandwich generation. About one-third of middle-aged Canadians are part of this so-called sandwich generation and more are expected to join their ranks. Feeling Time-Crunched? Stressed? ...
Views: 714(1 vote) - Now that we have Pension Income Splitting, Are Spousal RRSPS a Thing of the Past? - by Submitted on May 29, 2012 from Phil EdneyAt first glance, it would appear that spousal Registered Retirement Saving plans (spousal RRSPs) are no loner needed because the pension income splitting rules allow couples to split their income anyway once their Registered Retirement Savings Plans (RRSPs) become Registered Retirement Income ...
Views: 711(2 votes) - Plan ahead to Minimize Taxes on Death - by Submitted on Feb 17, 2012 from Phil EdneyNobody likes to think about their death, but who wants to pay more tax than they have to? With a little planning, you can help minimize the taxes your estate might pay at death. Leave assets to your spouse Assets left to a spouse or spousal trust are deemed to be disposed of at the ...
Views: 707(2 votes) - Retiring or Travelling Abroad Checklist: Points to Consider Before Leaving Home - by Submitted on Aug 24, 2012 from Phil Edney1. Examine your motivation for wanting to live elsewhere and be sure you’re doing it for the right reasons. If you’re thinking mostly of saving money, you may be disappointed with your experience. 2. Pick a country and do extensive research. Does it have a large enough expatriate Canadian ...
Views: 666 - Stay active this summer - by Submitted on Aug 01, 2012 from Phil EdneyThe Canadian Physical Activity Guidelines, developed by the Canadian Society for Exercise Physiology (CSEP), recommend that Canadians of all ages spend significant amounts of time engaged in moderate-to vigorous-intensity aerobic physical activity: • 60 minutes daily for children aged five to ...
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