Retirement Planning | Lawyers Financial

Giving while you're living pays multiple dividends

Should you provide financial help to your adult children now or leave them an inheritance later? It’s up to you but giving away some of your wealth while you are still around to see the effects of your generosity can have significant advantages.

Rainy Days in Retirement

Even in retirement, financial 'rainy days' can put pressure on a 'fixed income'. A successful retirement financial plan will include maintaining a fund for the unexpected.

Fees Matter!

When it comes to investing for retirement, keep an eye on the fees you pay because, over time, they can have a significant impact on the value of your portfolio.

NEW YEAR A GOOD TIME TO REVISIT FINANCES

The new year offers many new opportunities for lawyers, including the chance to develop a clear picture of personal finances with an eye to planning for the future, says Dawn Marchand, vice-president of marketing, product and direct distribution for&nb

Silhouette trying to reach a high target

Setting your retirement income target. Is 70% too high?

Having too much income in retirement is not a problem. Having too little is definitely a problem. Somewhere in between is a mystery number called “enough”.

Your Retirement Budget is based on your Retirement Type

Work-related expenses will disappear but other expenses in retirement generally fall into three buckets. Allocating some money to each is a step in the right direction toward a stable and predictable retirement.

You can contribute more in your TFSA for 2019

The Canadian Government has raised the Tax-Free Savings Account (TFSA) contribution limit to $6,000 for 2019. Up from $5,500 in 2018.

Don't Start CPP Until You're 70!

Is it worth the money to delay your Canadian Pension Plan (CPP) payments until the last possible moment? Respected Canadian Actuary and Author, Frederick Vettese believes that long-term gains make the wait worthwhile.

Fall 2018 Newsletter

Includes:

Taking CPP too early?

Why short-term gain can lead to long-term pain.

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.