Risk

Financial planning does not resonate with women

Financial planning does not resonate with women

Attracting women clients is an on-going challenge for the financial industry.  Women do far less formal financial planning than men.  Even though women are increasingly in control of more wealth and are likely to be living without a partner for at least part of their adult life, their role as financial heads of households has not translated into increased involvement […]

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The global financial crisis and the lasting psychological effects

The global financial crisis and the lasting psychological effects

The 2013 Canadian Unretirement Index Report from Sun Life Canada (www.sunlife.ca/unretirementindex) provides, in my opinion, a fascinating perspective on the psychological health of Canadians aged 30 to 65, at least as it relates to money.  The survey has been in place for five years, starting in 2007, and spanning the global financial crisis (GFC) of 2008-2009.  There is a very […]

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Caregiving and then ‘Suddenly they’re all gone’

Caregiving and then 'Suddenly they're all gone'

Carol Mithers’ piece, “Suddenly they’re all gone” in The New York Times is beautifully written (1).  It is about her experience caring for aging relatives and her feelings after their death.  Mithers experienced back-to-back caregiving as aging relatives reached a point where her help was needed.  Much of it took place at a distance.  The exhaustion is relentless as described in this excerpt: […]

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Gifting – Question #3 – Diversification

Gifting - Question #3 - Diversification

We know about diversifying our portfolios – although we don’t always do it.  If our financial eggs are all in one basket we take a huge risk that failure of an asset class could substantially decrease our net worth.   Another way we diversify is in our personal lives.  We have a variety of friends and we rely on different […]

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Gifting – Question #1 – Who are you helping?

Gifting - Question #1 - Who are you helping?

This blog is the second in the series on family gifting and intergenerational transfers.  This is the first of five questions that professionals need to consider asking their clients when changes to financial plans, wills or other long term planning activities are being made in order to provide a ‘living’ gift.  This needs to be approached in a way that is […]

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