Financial Library

Tax Planning for Severance Packages

Posted on: June 7, 2021

Over the past year, economic stresses worldwide have resulted in many employees receiving severance packages and being advised that their services are no longer required. The longer you've been employed with an organization, the higher your severance package will be. With the national job market still experiencing varying levels of stress, it is more important than ever to hang on to as much money from an employment severance settlement as possible.

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tax planning

What's Your Investing Personality?

Posted on: May 10, 2021

Just as each of us is unique as a person, we also have a distinct investing personality. One isn't better or worse than the other, but understanding "who” you are as an investor is helpful, no matter your circumstances, or how much money you have to invest. While it's a complex matter that depends on various factors, exploring the questions below may give you some preliminary insight into your investing personality.

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investment planning

Alternatives… Best Served with a Side of Advice

Posted on: May 10, 2021

Over the last few years, alternative investments have earned their rightful place in the asset allocation makeup of an investor's portfolio. Alternatives can provide non-market correlated diversification that mitigates the volatility often experienced in a traditional stock and bond portfolio. Here at Wise Riddell, we actively incorporate alternative investments into our clients' portfolios in an effort to provide superior returns with reduced volatility.

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investments

The Many Benefits of RESPs

Posted on: May 10, 2021

As busy parents, just meeting your family's needs each day can eclipse thoughts of the future. Add to that juggling act the cost of running a home, daycare, mortgage and car payments, and it's easy to see how setting funds aside for a child's future education can become something you'll "do later" when you have the time and money.

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resp
education planning

The Power of You

Posted on: May 10, 2021

The key financial planning lesson that Covid-19 has taught us all, is that no matter how many planning scenarios a person considers, it is extremely difficult to get it perfectly right!

Covid has impacted Canadians' ability to hold, build and keep cash reserves. For many, it has affected their ability to work and earn a living, and for many small business owners, it has threatened their very survival. No matter how much planning small business owners did before the pandemic hit, very few set aside enough capital reserves for 12 months or more.

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financial strategy

Questions. Questions. Questions.

Posted on: April 12, 2021

It is increasingly difficult to ignore some of the trading action in the markets that is causing surprising moves in equity values while the underlying economy continues to struggle (refer to U.S. unemployment data, for example). This type of divergence has occurred in the past and at some point, the values reflected in the stock, bond and real estate markets are expected to closely reflect the underlying economy eventually.

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investment planning

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