Panic Monday: World stock markets plunge again as Trump doubles down on tariffs + MORE Apr 7th
When and how should I start drawing on my retirement savings? Apr 1st
Dow futures jump more than 350 points on reports Trump will hold back some tariffs: Live updates - CNBC Mar 24th
Ford's $19.5 billion EV writedown signals tough road ahead for legacy carmakers - Reuters Dec 16th
Cut unnecessary costs with one simple change to your banking Dec 10th
Stephen Harper accuses Mark Carney of overselling his importance during 2008 financial crisis – Toronto Star
– news.google.ca
Do retirees need life insurance?
– moneysense.ca
My wife and I are both retired office workers from a large manufacturing firm. She retired at 60 and I did at 61. We are both 67 now. We have good retirement income between our pensions, LIF, OAS and max CCP, as well as about $12,000 per year in dividend income. The issue is our RRSPs. We have around $900,000 combined, despite drawing down anywhere from $30,000 to $50,000 each year combined. Market returns have been good so it keeps growing despite the withdrawals. We don’t need the income but have drawn down some to take our income to just below OAS clawback level.
We recognize this is a good problem to have, but trying to determine if there is a software program to determine best withdrawals to make each year especially before we turn 71 and convert to RIF.
Trying to balance the issue of pulling even more money out now and paying more tax and OAS clawback versus our kids losing 50% of our RIF to tax when we pass.
—Mike
How to save taxes on an estate
Hi Mike, I will work backward to make some assumptions about your current investments and pension and then give you some things to think about, including life insurance…
Elon Musk’s car company is required each year to report to investors all the bad things that could happen to it, and the latest version lists every imaginable threat from costly lawsuits to out-of-control battery fires to war and another epidemic.
But there’s barely any mention in the latest annual update of Musk’s full-bore entry into right-wing politics, which some experts say is turning off potential customers who don’t share his views.
What experts think
“It’s marketing 101: Don’t involve yourself in politics,” said New York brand consultant Robert Passikoff. “People will stop buying your products.” It may be too late.
The impact on Tesla sales
Tesla sales plunged 45% in Europe in January, according to research firm Jato Dynamics, even as overall electric vehicle sales rose. That comes after a report of falling sales in California, its biggest U.S. market, and the first annual drop globally for the company last year.
“I don’t even want to drive it,” said Model 3 owner John Parnell, a Democrat from Ross, California, adding that he also is cancelling his order for the company’s Cybertruck, losing a $100 deposit…
Natasha Knox, Certified Financial Planner
– moneysense.ca
Meet Natasha Knox
With a background in both large and small finance firms, Certified Financial Planner Natasha Knox transitioned to launching and founding her own advice-only firm Alaphia Financial Wellness, serving clients across Canada. In recognizing needs beyond what’s typically expected with financial planning, she incorporates financial therapy into her practice—a very unique service. Knox is has built building her practice so it aligns closely with the needs of her clients through a holistic and emotionally attuned approach.
Services• Financial PlanningSpecializations• Estate Planning• Comprehensive Financial PlanningPayment Model• Fees paid by clients for advice (not based on assets)Languages written and spoken• English
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