Summer 2015 Newsletter

Summer Update mc-wealth-june-2015-newsletter-pdf     Our Contact Information: Debbie McCulloch – debbie@mcwealthmanagement.ca Anne Marie Mucci – annemarie@mcwealthmanagement.ca        www.mcwealthmanagement.ca  Investia Financial Services...

Spring 2015 Newsletter

Spring Update mc-wealth-newsletter-may-2015 We are Moving! After over 10 years on Sunray Street and 18 years in Whitby, we are moving. Debbie has sold the Commercial unit and it is time for change.We are very excited to be moving to a great office in Ajax as of the end of May. Our new address and phone numbers are: 50 Commercial Avenue, Suite 200 Ajax, Ontario, L1S 2H5 Phone: 905-427-4406  Fax:  905-427-4407  Toll Free: 1-844-427-4406 Contact Information: Debbie McCulloch – debbie@mcwealthmanagement.ca Anne Marie Mucci – annemarie@mcwealthmanagement.ca         www.mcwealthmanagement.ca        ...

Four critical retirement investing mistakes

Four critical retirement investing mistakes to avoid From failing to plan to ‘extreme’ investing, these financial missteps are standing in the way of Canadians’ retirement goals. By: PAUL BRENT Date: July 30, 2015 It can be a challenging time to guide Canadians to a secure and successful retirement. Defined benefit pensions are becoming a relic of the past, rock-bottom interest rates have crimped fixed income returns and tepid global growth has made equity markets unpredictable and unstable. When you add in record personal indebtedness, a weak Canadian economy and an aging population, it becomes clear that for financial advisors and their clients, the stakes are higher than ever before. To keep retirement goals on track, it is critical to identify and avoid the common investment and retirement planning errors that typically trip up Canadians. 1. Absence of a financial plan Perhaps surprisingly, the weakness that continues to crop up most often is the absence of a well-thought-out financial plan, says Kari Holdsworth, vice-president of individual wealth at Sun Life Financial in Waterloo, Ont. “People don’t plan to fail, but they often fail to plan,” she says. The 2015 Sun Life Canadian Unretirement Index, a poll conducted by Ipsos Reid that tracks Canadians’ attitudes and expectations about retirement, reported that just 33 per cent of people work with a financial advisor and just 22 per cent have a written financial plan. “People without a financial plan potentially don’t have the assets they need to achieve their goals,” says Ms. Holdsworth. “But more importantly, they don’t have a crisp understanding of what their goals are and whether there is a gap...

Financial Planning Fees

Do you know how your financial advisor gets paid? Here are a couple good videos that talk about this issue. There will be more and more info coming out in the months to follow about this, as there will be changes in your statements that will show you how much you are paying for your services. Please take a few minutes and check it out. Love to hear feedback! View videos for great...

Canadian Struggling with Financial Decisions

Canadians struggling with financial decisions One in two Canadians feel personal finances are more complicated now than they were 20 years ago, survey finds By Tessie Sanci | February 20, 2015 10:30 While 66% of Canadians are saying they could benefit from additional financial knowledge or advice, 46% of Canadians are also not planning to see a financial advisor in the next year, according to a poll conducted for CIBC. One in four respondents also say they lack confidence in their overall financial knowledge, and 52% say they have struggled with making a financial decision because they felt they lacked the necessary knowledge. “While the majority of Canadians generally feel confident about their overall financial knowledge, they may want to seek advice when making certain financial decision that occur less frequently, such as renewing a mortgage, or determining where to invest an inheritance,” says Christina Kramer, executive vice president of retail and business banking for CIBC. The survey also found that 53% feel managing their personal finances is more complicated today than it was 20 years ago. “As personal finances have become increasingly complex with greater choice available in the market and more and more information driven through technology, it’s not surprising that Canadians are feeling overwhelmed,” Kramer says. The survey was conducted online with 1,510 randomly selected Canadian adults who are also Angus Reid Forum panelists. It took place between Jan. 16 and...