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