DM Monthly Newsletter – February 2017
EQUITY MARKETS DON’T PLAY POLITICS – As everyone knows, 2016 was marked by two significant and entirely unforeseen political events: the decision of Britons to leave the EU (via the “Brexit” vote) and the election of Donald Trump as the 45th President of the United States. Throw in early year worries about a slowdown in China, further deterioration in Middle East conditions, and simmering Russian belligerence and the stage was set for a spike in equity turbulence.
Click here to read more: DM-Monthly-Report-Feb-17
High Net Worth Families
Death and taxes are a certainty. With proper planning, you can minimize or eliminate taxes upon death and ensure the assets you have worked your whole life to accumulate, pass to the people in an orderly and efficient manner. Here’s an excellent article from the Financial Post dealing with estate issues.
Supporting adult children takes its toll on boomers’ retirement plans: survey
As baby boomers approach retirement while their children look for financial help, many are feeling the financial strain.
A new TD survey found 62 per cent of boomers can’t save enough for retirement because they’re supporting adult children or grandchildren. Those kids, however, aren’t taking that money obliviously: 44 per cent of millennials who rely on their parents’ or grandparents’ support said they know that help means fewer retirement savings, and 43 per cent said they’d cut costs rather than asking for financial help.
Read: Canadians postpone retirement to support children
“As a parent or grandparent it’s natural to want to help our kids and grandkids who may be facing financial challenges such as finding full-time employment or paying their day-to-day expenses,” Rowena Chan, senior vice-president at TD Wealth Financial Planning, said in a news release. “It’s important that this desire to help is balanced with the goals you have when it comes to retirement.” Read more 
Retirement – Are you Prepared?
Whether you are decades away from retirement or if it is just around the corner, being aware of the planning opportunities will take the fear and uncertainty out of this major life event.
Blue sky your retirement plans to get clarity
As you approach retirement, preparation and planning become extremely important to help ensure that this period of your life will be as comfortable as possible. If you are like most, you have spent considerable time contemplating the type of retirement you wish for yourself.
- Is extensive travel your dream?
- Do you have an expensive hobby or two you want to take up?
- Will you stop working totally or continue to do some work on your own terms using your life experience and skills to supplement your income.
- Will you remain in your house or will you downsize to smaller, easier to care for premises? Or perhaps housing that will be more compatible with the challenges of aging?
