Blended families – where two people get married but have children from previous relationships – are becoming more common. On top of the day-to-day challenges of blending a family, new spouses also have to figure out how to plan their estates, so everyone is properly taken care of.
We cover all of the following a blended family must consider while estate planning:
• Sharing the Family Home
• Make the Most of a Registered Retirement Savings Plan
• How to Share Non-Registered Investments and Other Assets
• Why It's Important to Select a Good Trustee
• The Advantages of Life Insurance for Blended Family Planning
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On Friday, February 19, 2021, Prime Minister Justin Trudeau announced an extension to:
- Canada Recovery Benefit
- Canada Recovery Caregiving Benefit
- Canada Recovery Sickness Benefit
- Employment Insurance
https://secureservercdn.net/22.214.171.124/65x.d7b.myftpupload.com/wp-content/uploads/2021/02/COVID-19-Benefits-extended.png?time=1614757598281500WhiteWater Financialhttps://secureservercdn.net/126.96.36.199/65x.d7b.myftpupload.com/wp-content/uploads/2020/11/wwfLogoWeb.jpgWhiteWater Financial2021-02-22 14:09:462021-02-22 16:18:19Extended COVID-19 Federal Emergency Benefits
Great news for some ineligible self-employed Canadians who received the Canada Emergency Response Benefit (CERB)
https://secureservercdn.net/188.8.131.52/65x.d7b.myftpupload.com/wp-content/uploads/2021/02/Self-employed.png?time=1614757598281500WhiteWater Financialhttps://secureservercdn.net/184.108.40.206/65x.d7b.myftpupload.com/wp-content/uploads/2020/11/wwfLogoWeb.jpgWhiteWater Financial2021-02-12 16:28:222021-02-12 18:15:11Self-employed: Government of Canada addresses CERB repayments for some ineligible self-employed recipients
As a business owner, one of your challenges is learning how to balance between reinvesting into the business and setting money aside for personal savings. Since there are no longer employer-sponsored pension plans and the knowledge that retirement will come eventually, it’s important to have a retirement plan in place.
We've put together an infographic checklist that can help you get started on this.
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It isn’t easy. Retirees can’t depend upon bonds for income because yields are so low. But if they bet too big on equities, their savings could get savaged in a market downturn, crimping their retirement.
Enter whole life insurance. Whole life insurance has been derided for years because of high premiums and complexities. Buy cheaper term insurance and invest the rest, the conventional wisdom goes.
https://secureservercdn.net/22.214.171.124/65x.d7b.myftpupload.com/wp-content/uploads/2020/12/qtq80-qktYF2.jpeg?time=161475759814402146WhiteWater Financialhttps://secureservercdn.net/126.96.36.199/65x.d7b.myftpupload.com/wp-content/uploads/2020/11/wwfLogoWeb.jpgWhiteWater Financial2020-12-21 11:35:342020-12-21 11:38:32Whole Life Insurance Can Bolster Your Retirement Portfolio.