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Retiring soon? 5 steps to make sure you don’t outlive your savings

There’s a saying about lawyers that doesn’t exactly bode well for retirement planning: “Most lawyers live well, work hard and die poor.” And there’s more of that middle part – the working part – for lawyers than for most.

Are you planning to become a parent?

The arrival of a new family member can have a big impact on your bank account, so it’s vital to seek out the best financial advice

5 ways to outsource anxiety

If you’ve ever tried to sleep while a car alarm goes off outside your window, you know: if the alarm lasts long enough, you kind of get used to it. (Unless, of course, it’s your car). But just because you get used to stress doesn’t mean it isn’t there.

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.

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.