A Secret Monthly Cash Flow System Larry from Nanaimo dropped by to ask me how he could start the cash flow from his mutual funds.I said, “How would you like to have a majority of it paid to you tax efficiently?”“Of course, but how can I do that?” Larry answered.I replied,...
Read PostRetirement Mistake No.21: Just Buying a Mutual Fund When You Can Go Corporate Class
If you are investing your hard-earned after-tax money in a mutual fund, I have one question for you. Is the mutual fund or segregated fund taxable on an annual basis; and if so, do you know how much tax you might pay this year on it?Taxable and Tax-class Mutual Fund Investors Until recently,...
Read PostRetirement Mistake No.20: Not Maximizing Your CPP Benefits
Consider ways to maximize your Canada Pension Plan. This could include early retirement, contributing past age 60, and splitting or assigning CPP benefits to a spouse.First, you need to know how much you are entitled to receive (and your spouse if you are married) as well as your net income...
Read Post6 Overlooked Habits to Increase Your Wealth
Our job is to advise on the creation and maintenance of people’s wealth. As a result, we have spent countless hours studying high net worth (HNW) individuals. From our experience, we have found the wealthiest individuals to display 6 common habits.1. They Make Money in Their Sleep As kids,...
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