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Back to school (again, hopefully, really?)

Remember when back-to-school planning meant a few last-minute trips to the mall, a fight over first-day wardrobes and a return to routine? The only thing certain about back-to-school 2021 is uncertainty. You need a plan.

Looking to save money? Don’t do it by cancelling life insurance

Cancelling your life insurance policy has obvious and not-so-obvious consequences. Here are three risks that should make this a financial last resort.

Mortgage-free? Or RRSP?

Many Canadians arrive at a financial crossroads in the middle of their career. A stable income and a successful practice make it possible to pay off your mortgage faster. It seems like a straight forward financial decision but it’s anything but …

The balancing act – pay off your student loan and invest

You’ve landed your first job as a lawyer and the paycheques are coming in. It feels great to finally have an income after so many years in school and you’re determined to pay off your student loan as quickly as possible.

Skyrocketing savings have some Canadians setting new goals

Canadians have skipped the dishes, sure. But we’ve also skipped vacations, and haircuts, and dry-cleaning, and fill-ups and more — and it’s all added up to the highest household savings rate in history. How will you use this rare opportunity to fast-track your financial plan?

What to expect when unexpectedly ill

Many Canadian lawyers likely have some form of critical illness insurance but very few know what to expect should they have to file a claim and start taking advantage of their benefits.

A financial plan helps you get to your destination and enjoy the journey

If you've used GPS, you’ve probably driven down roads you wouldn’t have chosen and through towns you’ve never heard of. That’s a little like a financial plan.

Comparing Life and Mortgage Insurance

There are very clear and compelling reasons why life insurance may be a better option than mortgage insurance. It's all about control, flexibility and cost.

Stay resolute in 2021

According to surveys, about 80 per cent of New Year’s resolutions fail by the second week of February. So how do the 20 per cent who succeed stick to them?

Stop planning for retirement and start planning for independence

The day when you achieve complete financial freedom may come years before you decide to retire. In fact, highly motivated people who enjoy the challenges and rewards of a successful legal practice often choose to work long after the income is necessary.

Lawyers Financial Advisory Services Inc. (LFAS) is licensed to sell life and accident & sickness insurance across Canada. LFAS is a wholly owned subsidiary of Lawyers Financial and promotes and distributes Lawyers Financial products and plans across Canada.