RRIFs Part 2: What happens at end of life?

In our previous post RRIFs Part 1: What are they?, we covered some RRIF basics. We said that while an RRSP is designed to receive contributions, a RRIF is designed to be used only for withdrawals, with very limited exceptions. The most common exception is when a RRIF receives, aside from an RRSP rollover, a […]

RRIFs Part 1: What are they?

Maximizing cashflow during retirement means using a combination of investment vehicles. While RRSPs are a commonly used tool towards that goal, it logically follows that most retirees will eventually own a RRIF.  RRIFs are similar but have their own unique features. RRSP vs RRIF A Registered Retirement Income Fund (RRIF) is essentially a continuation of a […]

How to support local businesses this holiday season

Many of our clients are busy taking care of last minute holiday preparations in these final weeks of December. While everyone celebrates the holidays differently and has a unique wish list to shop for, there are many opportunities to support local business during the festive season. Here are a few ways to support Montreal-based businesses […]

Letting go of bad habits

We all have bad habits. Sometimes, these are small and seemingly harmless, like a person biting their nails or forgetting to put empty coffee cups in the recycle bin. Other bad habitual behaviours can have potentially risky outcomes, like regularly driving beyond speed limits or reaching for comfort foods too often. Perhaps the most detrimental […]

How to Choose a Charity

Philanthropic work is admirable and can take many forms, from one-time donations to ongoing financial support or even the use of a trust or inheritance. It’s also very common among our clients, many of whom wish to use their success to help others. Our team supports this generous element of wealth management and is pleased […]

Isolation

When thinking of health risks, some are more obvious than others. Sugar, a sedentary lifestyle, excessive use of alcohol or the abuse of drugs – these are all things we understand to be unhealthy (and they are). However, many hidden dangers can be as bad for one’s health as the more overt ones, if not […]

Rising Healthcare Costs and Your Retirement

When an individual plans for retirement, they often think of how much money is needed to fund their lifestyle. This is important, as one’s housing, travel and spending habits are personal and will affect their retirement income needs. However, many Canadians fail to anticipate the full cost of healthcare in their older years. It’s not […]

Decision Fatigue

The average American adult makes over 35,000 decisions each and every day, as recently reported by The Wall Street Journal (WSJ).  This is likely no different for Canadians. Not every decision is critical – for example, what to eat for breakfast or which shoes to wear – but when these seemingly simple tasks engage our […]

Innovations in Health

Canadian researchers in Waterloo, Ontario have found a way to use artificial intelligence (AI) and data from wearable, health-monitoring technology to detect potential health problems in users. Many of our clients are FitBit owners (or use a comparable product). This comes as no surprise, as 1 in 6 people in the United States of America […]

How to Optimize Your Memory and Prevent Cognitive Impairment

WHEN? Tuesday, July 17, 2018, 5:00 – 5:59 pm Rachel will focus on how to prevent cognitive impairment and more specifically discuss: How memory functions change with age The impact of lifestyle on memory The risk associated with dementia How to improve memory capabilities About Dr. Rachel Goodman: Rachel received her doctorate in clinical psychology […]