What is an HSA account? An HSA (Private Health Services Plan) is a Canada Revenue Agency approved method to provide medical, dental and vision benefits in a tax efficient manner. A corporation can write off 100% of the costs related to its HSA. All expenses reimbursed are tax‐free to the...
Read PostRetirement Mistake No.11: Generating A Low Yield When You Need More Income
Increasing Your Average YieldGiven the situation in the world today, fixed-term products are getting popular again as more and more people look for ways to diversify portfolios with reliable, income-producing investments. For those who want higher rates without risk or loss of principal, there...
Read PostRetirement Mistake No.10: Not Doing What The Wealthy Do
Today’s wealthy investors are usually very involved in their financial matters. There is a tremendous amount of information available today on wealth management. Russ Alan Prince recently published Wealth Management (Wealth Management Press 2003) and defines it as “delivering a full range of ...
Read PostRetirement Mistake No.9: Letting Emotion Drive Your Investment Decision
Testing Your Emotions It is a well-known fact that 80% of professional money managers underperform their relevant indexes. Even worse, a large percentage of investors lose money even when investing in mutual funds that out-perform their relevant indexes. Between 1980 and 1992 the most successful...
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