Majority of Canadians overestimate their financial literacy

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 30, 2017

While 78 per cent of Canadians believe they are financially literate, nearly 6 in 10 failed to answer questions on financial literacy accurately, according to a new Ipsos poll commissioned by LowestRates.ca.... Continue reading

Many young Canadian families would sell primary residence to finance a cottage

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 30, 2017

Twenty-eight per cent of Canadians with children under the age of 18 say they would consider selling their primary residence in the city in which they live in order to purchase a cottage, cabin or ski... Continue reading

Canadian students most likely to help fund their own post-secondary educations

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 29, 2017

A new global survey has found that 42 per cent of Canadian students help fund their own post-secondary educations, well above the global average of 15 per cent.   The study also found that the majority... Continue reading

Don’t trust your gut when investing, says survey

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 23, 2017

When it comes to investing, following your gut feeling is the wrong approach, according to the findings of a survey of Canadian investors conducted by Hennick Wealth Management.   The survey results, ... Continue reading

Why Mental Health Matters for Your Money

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 22, 2017

Did you know that 1 in 5 people face mental health issues during their lifetime? That means the odds of you, a family member or someone you know being affected by mental health are high. Issues related... Continue reading

6 Additional Costs That Come with Home Ownership

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 19, 2017

When it comes to home ownership, there’s a lot to wrap your head around. But, understanding basic financial concepts can pay off big time in the long run in the form of savings.   When you’re looking ... Continue reading

Half of American families unprepared for potential financial risks

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 16, 2017

Nearly half of Americans say they could only maintain their current lifestyle for three months or less if they were to lose their primary source of income, says a new survey commissioned by the Million... Continue reading

Global executives bullish on growth

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 16, 2017

Despite geopolitical uncertainty, global middle market companies are aiming to grow, according to findings released June 6 in the EY Growth Barometer, a survey of 2,340 executives in 30 countries.   EY’s... Continue reading

Many Canadians prioritize home renos over saving for retirement

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jun 16, 2017

Many Canadians are prioritizing home renovations this summer over meeting other financial goals, according to the findings of a new survey released June 6.   Because of their renovation plans, nearly ... Continue reading

How to pass on the family cottage without destroying your family in the process

Published by Terry Fyke on May 31, 2017

Your beautiful family cottage has been in the family for 60 years. Your parents helped build it at a time when most people had never heard of your lake. Today, you are fully retired, and your “cottage”... Continue reading