Median solvency ratio of Canadian DB #pensionplans stays flat in Q2 2024: reports
Canadian Investment Review’s Post
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With interest rates still high, it is perhaps more pertinent than it has been for a decade to ask whether cash is once again (or ever was) king. Here, our own John Stirling offers his opinion. #waldensweekly #financialadvice #wealthmanagement #financialplanning #retirementplanning
Interest rates are up: Is Cash now King? - Walden Capital
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While many DB plans are in their best financial positions in decades, largely due to the dramatic rise in interest rates over the past few years, decreases in interest rates could pose a major risk for many plans. #definedbenefit #pensionplans #interestrates
Expert panel: How interest rates impact DB pension plans | Benefits Canada.com
benefitscanada.com
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There are no discounts anywhere when you’re a single - so keep looking for that special interest! But here’s how I would plan - financially - without them. (for now) Step 1 - Start with a beginners mindset. The lessons learned from family may not apply to you. You’re a single… Step 2 - Be positive and build a budget - you’re a single! 4.4 million Canadians are just like you un-burdened by partnership and in sole financial control. Keep steering the ship! Step 3 - Meet with a CFP Professional (actually step 1). Step 4 - Build that emergency fund - no one is bailing you out (yet). Step 5 - Think about risk management. No not the one that will benefit your potential future partner. The ones that can benefit YOU if you’re hospitalized or cant earn a living! Step 6 - Beware of the Couple expenditures (weddings / baby showers / anniversaries / etc) you’re may not be getting that $ back (fingers crossed) - pick and choose the events you really want to attend. Step 7 - Plan for being a single in retirement. It costs even more in your golden years to be a single than it did in your working years. So build solid savings habits! Identifying as a single doesn't mean you can't have a successful financial future. Take the steps to plan for yourself. #financialplanning #singles #investingessentials #investments #riskmanagement
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Boost your income with SWP + Hybrid Fund! Looking for a stable, tax-efficient way to withdraw regularly from your investments while growing your wealth? Check out this strategy! 📞 For more info, reach out to me at +91 827-5566-989 . #InvestmentTips #SWP #HybridFunds #FinancialPlanning #WealthGrowth #krishnaminvestmart
🎯 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐘𝐨𝐮𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐰𝐢𝐭𝐡 𝐚 𝐒𝐲𝐬𝐭𝐞𝐦𝐚𝐭𝐢𝐜 𝐖𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥 𝐏𝐥𝐚𝐧 (𝐒𝐖𝐏) + 𝐇𝐲𝐛𝐫𝐢𝐝 𝐅𝐮𝐧𝐝 📈 Are you looking for a steady income while maintaining market exposure? With an SWP in Hybrid Funds, you can withdraw regularly while your investments continue to grow. Here's why you should consider this strategy: ✅ 𝐑𝐞𝐠𝐮𝐥𝐚𝐫 𝐜𝐚𝐬𝐡 𝐟𝐥𝐨𝐰 ✅ 𝐓𝐚𝐱-𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭 𝐰𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥𝐬 ✅ 𝐁𝐚𝐥𝐚𝐧𝐜𝐞𝐝 𝐫𝐢𝐬𝐤 𝐚𝐧𝐝 𝐫𝐞𝐰𝐚𝐫𝐝 ✅ 𝐒𝐮𝐢𝐭𝐚𝐛𝐥𝐞 𝐟𝐨𝐫 𝐚𝐥𝐥 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐠𝐨𝐚𝐥𝐬 Whether you’re planning your retirement or just looking for an additional income stream, this plan offers a stable solution! 📞 𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐦𝐞 𝐧𝐨𝐰 𝐟𝐨𝐫 𝐚 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐞𝐝 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐭𝐢𝐨𝐧: 𝐀𝐛𝐡𝐢𝐬𝐡𝐞𝐤 𝐊𝐮𝐦𝐚𝐫 📧 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬@𝐤𝐫𝐢𝐬𝐡𝐧𝐚𝐦𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐚𝐫𝐭.𝐜𝐨𝐦 📞 +𝟗𝟏 𝟖𝟐𝟕𝟓𝟓 𝟔𝟔𝟗𝟖𝟗 🌐 𝐰𝐰𝐰.𝐤𝐫𝐢𝐬𝐡𝐧𝐚𝐦𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐚𝐫𝐭.𝐜𝐨𝐦 #InvestmentPlans #HybridFunds #SWP #FinancialFreedom #InvestmentConsultant #RetirementPlanning #SmartInvesting #GrowYourMoney #WealthManagement #PuneInvestments #AbhishekKumar #FinancialGoals
SWP in Hybrid Funds
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Create a Financial Plan https://lnkd.in/g7rfqW5K Jasmin Brown, CPA, CA, CIRP, LIT Developing a comprehensive financial plan delivers clarity and control guiding constructive money decisions. This piece advises incorporating all elements from savings and budget targets to debt management, insurance needs, retirement planning, and estate considerations into a cohesive strategy. It notes enlisting a financial advisor to help craft a holistic plan tailored to your situation. Consider scheduling a complimentary consultation to discuss personalized planning addressing your unique priorities and goals. Expert guidance gets your finances organized and working for you. https://lnkd.in/gbzT7mgN #financialplanning #retirementplanning #financialadvising
Create a Financial Plan
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In a climate of economic uncertainty its becoming an increasing requirement to savvy with your earnings. So some advice some new entrants into the job market or even just anyone wishing to experience financial stability. Calcuate those bare necessities, the simple bare necessities to sustain your life. Eg: Rent, Haircut, Transport/Fuel, Groceries, etc. Keep this to at a level 50% of your take home salary. Consider what are your luxury expenditures and what are your if things go wrong type of expenses. Ensure that this is at a level of 1 month's take home. Payoff your debt. Especially if they are interest bearing. Effectively de-risk your day to day. Match your workplace pension contribution and establish a private pension fund. Build your Nest Egg or Emergency Fund should you loose your job. Start investing in Tax Free Accounts. BC19 Was an era of resilience to economic uncertainty. Crafting PC19 can become a mindset shift of scarcity to abundance. Survival to Profitability.
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Unfortunate but unsurprising insights about #retirementsavings in a high #inflation environment in this piece, with useful commentary from Financial Services Regulatory Authority of Ontario (FSRA)’s Andrew Fung, FSA, FCIA, CFA, ICD.D - #automatic plan features, #financialwellness support, offsetting #salaryincreases and, over time, an expanded #CPP, can be part of the solution
High cost of living forces majority of Ontarians to put necessities before retirement savings
thestar.com
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Customer Experience Associate | CSC Enrolled | Financial Services | Payroll Coordinator | Payroll Administration | Accounting & Bookkeeping | Financial Planning | Income Tax Planning | Client Relationship Management
It somewhat seems that just under half of Canadians-compared to the previous year-plan to contribute to RRSPs; a slight drop in the percentage from last year, it's noteworthy that a significant portion are looking into alternative investing options including TFSAs, First Home Savings Accounts, and real estate. This diversification points to the need for a nuanced approach in financial planning in the face of economic volatility. #financialplanning #retirementsavings #economicoutlook #financialliteracy #linkedindiscussion
Firms expect fewer Canadians will contribute to RRSPs this year
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Head of Customer Relations Manager at Gain Orbit | I HELP people to make better investment with their money to achieve their GOALS .
𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝗰𝗲𝘀 𝗕𝗲𝘁𝘄𝗲𝗲𝗻 #𝗦𝗮𝘃𝗶𝗻𝗴𝘀 𝗮𝗻𝗱 #𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁: 𝙿̲𝚞̲𝚛̲𝚙̲𝚘̲𝚜̲𝚎̲:̲ 𝗦𝗮𝘃𝗶𝗻𝗴𝘀: Primarily for short-term needs and emergencies. It ensures liquidity and safety of the principal amount. 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁: Aimed at long-term growth and wealth creation. It involves taking calculated risks to potentially earn higher returns. Risk: 𝗦𝗮𝘃𝗶𝗻𝗴𝘀: Low risk. Money is typically kept in savings accounts, fixed deposits, or recurring deposits in banks, where the risk of losing principal is minimal. 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁: Higher risk. Investments can be in stocks, mutual funds, real estate, Public Provident Fund (PPF), National Pension System (NPS), etc., where there is potential for higher returns but also a chance of losing the initial investment. Returns: 𝗦𝗮𝘃𝗶𝗻𝗴𝘀: Lower returns, usually in the form of interest which may not keep pace with inflation. Examples include savings accounts and fixed deposits. 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁: Potential for higher returns. The performance of investments like stocks, mutual funds, and real estate can significantly outpace inflation over time, though returns are not guaranteed. Liquidity: 𝗦𝗮𝘃𝗶𝗻𝗴𝘀: High liquidity. Funds can be easily accessed without significant penalties or delays. 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁: Varies. Some investments are liquid (stocks, mutual funds), while others may have penalties for early withdrawal (PPF, NPS) or may take time to sell (real estate). Time Horizon: 𝗦𝗮𝘃𝗶𝗻𝗴𝘀: : Short-term. Often used for immediate or near-future expenses. 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁: Long-term. Typically planned for future goals like retirement, education, or wealth accumulation.
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