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.
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 …
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?
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.
The quick answer to the question, “Can you save too much for retirement?” might seem like an obvious, “No. You can never have too much money.” But another way to ask the question might be, “What are you giving up by saving too much for retirement?”
Lawyers Financial Advisory Services Inc. (“LFAS”) is licensed to sell life and accident & sickness insurance across Canada. LFAS is a wholly owned subsidiary of CBIA and promotes and distributes Lawyers Financial products and plans across Canada.
Lawyers Financial products and plans are sponsored by The Canadian Bar Insurance Association ("CBIA"). Lawyers Financial is a trade mark of CBIA.