Why You Should Choose a Financial Advisor
Posted on: February 8, 2021
Your estate is everything you own today - your home, savings, investments, life insurance and personal possessions. So, no matter where you may be on your financial journey, you have an estate that needs protecting. But how you approach this plan is important.
Thank you for taking the time to review our newsletter. This month's newsletter brings something a little different. It is written by Natalie!
While the world is not out of the woods going into 2021, we sure are looking forward to saying goodbye to 2020. We don't expect a light switch to just be flicked in January; We've got some dark days ahead of us. The good news though, is there is so much optimism going into the New Year. A number of vaccines were introduced at the end of last year and we're seeing millions across the globe getting vaccinated for COVID-19. This should mean some extremely needed immunity which will slowly open up the economy. So many small business owners need this so bad.
When it comes to flexible investment tools, there's nothing quite like a Tax-Free Savings Account (TFSA). This registered account allows you to hold not just savings but also investment equities like stocks, bonds, mutual funds and GICs. All of your investments grow tax-free in a TFSA. What's even better? You're not taxed when you make withdrawals, and you can reinvest that amount in future years.
"This is the last time I'm starting a new year saddled with credit card debt," says Tiffany, a 48-year-old computer analyst. "I've said this every January for the past five years. This year, I've got to keep this promise to myself. I don't want to spend another 12 months catching up, only to fall behind all over again. I can't take this stress anymore."