You give up some control when you just have beneficiaries and no will
Q: I am married. I have RRIF and LIRA and my spouse has RRSPs. We have joint cashable accounts too. We have appointed each other as beneficiaries for every account. I am told this arrangement takes longer to settle on death if there is no will. Why do I still need a will?
Click to read the answer to this question on the MoneySense website.
NAFTA – Concerns surrounding NAFTA have been top of mind as a sixth round of negotiations wrapped up in late January. There is a real risk of a U.S. announcement to pull out from NAFTA. This may well be a negotiating tactic; however, the Canadian market would react negatively. Over the longer term, the markets will adjust to whatever new trade rules take the place of NAFTA. But until then, the uncertainty could impact various companies including Magna and Gildan.
Click here to read more: Cardinal Update – February 2018
MARKET OUTLOOK – The fourth quarter ended strongly with markets across the globe seeing sharp gains. What were already high valuations have stretched even further as economic data from across the globe has been excellent. Our view is that we are not yet at the peak of the bull market and 2018 should be another good year for equity markets. None of the traditional recession indicators are flashing red, or even yellow, and though stocks appear to be fully valued, they still look cheap relative to other asset classes like bonds, most areas of the real estate market, and especially bubbles like Bitcoin.
Click here to read more: Cardinal Quarterly – January 2018