Starting NOW to save and Invest for retirement is important:

You can start with as little as $50.00 a month contributing to Your RRSP and will benefit from all 3 concepts above.

These are the companies I represent In Ontario for Life Insurance and the other products listed above.  I can also help you to get you RRSP loans with B2B Bank and a Line of Credit that you can use for your RRSP contributions repeatedly with Industrial Alliance.  Based on your personal situation and qualifying for the loans or Line of Credit.

As an Insurance Broker, and Financial Advisor,  I will shop all these companies and find you the best rates based on your  age, needs and affordability with any of these companies: Industrial Alliance, Equitable Life, Manulife, Assumption Life, Canada Life, Ivari Life (was Transamerica), Blue Cross, Empire Life, Foresters Life, BMO life, The Edge Benefits and RBC Life.

Simple tips that  can make a big difference to your planning for your financial future....especially good for young people 18 years plus  and equally good for anyone over 60.

  1. Keep track of your DAILYspending:  Get a note book or  use an excel spreadsheet, but the need to keep track of your daily spending is vital to your planning process.  If you don't know how your money is being spent, how can you plan for the future.  Total the numbers up at the end of each week, and again at the end of each month.  Keeping track of your daily spending can be tedious but it works to  help you adjust your life style choices now.  it can keep you out of debts and help you move forward in your planning.  Don't despair if you miss a day or so,  just pick up and go again.  Practicing this habit will become a perfect savings for your future retirement
  2. Have a BUDGET:  Again it does not have to be fancy.  You can use a note book or an excel spreadsheet.  But it is  important to have one.  Make a list everything you spend money on monthly, like rent, food, gas, birthdays gifts,  etc.  If you need help, email me for a copy of my budget spreadsheet, I will be happy to share with you, what I use for my budget.
  3. SET UP YOUR AUTOMATIC plan  to PAY yourself FIRST no matter how small amount of money you are making.  It will add up to make a  BIG difference in the future. Starting is more important than the amount you start with.  But if you can  start with 10% which is the recommended, you are doing great. Set up your Pre authorized payment - AUTOMATIC plan and have it registered.  Have a TFSA for real emergencies and a RRSP to reduce your taxable income.  Both plans save you money on taxes as you save for your retirement.

The Financial Choice

What I can help you with:

  1. Life Insurance
  2. Disability Insurance
  3. Critical Illness Insurance
  4. Long Term Care Insurance
  5. Travel Insurance
  6. RESP - Education  Planning Specialist
  7. RRSP - Retirement Planning
  8. RRSP loans and Line of Credit
  9. TFSA - Tax Free Savings Accounts set up with insurance companies
  10. Segregated Funds (Seg. Funds for short)  See the differences between Mutual Funds and Seg. Funds
  11. Mortgages
  12. Financial Restructuring

5 Things you should do to retire early:

5 suggestions to implement if you are planning to retire early.  If you are planning to retire early you need to change the way you take care of your money!

Add some Equity to your Portfolio:  you need to add a bit of risk assets to your portfolio.  Design a portfolio using your age and risk tolerance capability. Decide on how much more  calculated risk you would like to take.

Keep Emergency funds:  Keep at least 6- 9 months of household expenses in cash or fix deposits which is like cash.  This will give safety to your overall financial plan

Take out Long Term Medical Insurance: If you have taken your employer health insurance, now go and buy separate personal health insurance today,  Long term care, critical illness, medical/dental insurance, life insurance. These will continue even when you change your job or quit it permanently.

Don't overspend:  Spend money, but don't overspend.  It is difficult but one need to practice it.  Power of Compounding will help you grow the money saved exponentially.

Create your passion:  Find your passion and start practicing it, so that you have it mastered when you are retire.  It will help keep you going on.

 Financial Planning covers various aspects of personal finance:
1) Cash Flow Management
2) Education Planning
3) Retirement planning
4) Investment planning
5) Risk management
6) Insurance Planning
7) Tax Planning
8) Estate Planning
9) Business Succession  Planning (for business owners)
10)  Inflation and Risk adjusted returns for the clients


3 Powerful concepts that can "grows" your investment, if applied, can change your financial future.

  1. Time and Consistency
  2. Dollar Cost Averaging
  3. The Rule of 72