Objective Financial Partners Blog
Should You Incorporate A Business To Save On Taxes?
The article “Should You Incorporate A Business To Save On Taxes?” was originally published on MoneySense on October 23, 2018. Only if you can justify the initial and ongoing costs Q: I was recently let go from my job and am planning on starting a handyman business. I am toying with…
Drawing Down Retirement Savings As A Single Senior
The article “Drawing Down Retirement Savings As A Single Senior” was originally published on MoneySense on October 16, 2018. What to do with pensions, RRSPs, TFSAs, CPP and OAS as a solo retiree Q: As I approach the early days of my retirement, I am considering various drawdown scenarios. I am…
How To Decide When To Convert RRSPs To RIFFs
The article “How To Decide When To Convert RRSPs To RIFFs” was originally published in MoneySense on October 9, 2018. Bart has three RRSP accounts and wants to know how his RRIF withdrawals are calculated Q: I have several (three) RRSPs, partially resulting from multiple employers over the years, partially due…
TFSA vs RRSP: How To Decide Between The Two
The article “TFSA vs RRSP: How To Decide Between The Two” was originally published on MoneySense on October 2, 2018. Here are five factors to consider when making your choice Q: I have a question about RRSPs and TFSAs. My average income is $100,000. Which account I should top up first?…
How To Help A Parent Invest In Their 80s
The article “How To Help A Parent Invest In Their 80s” was originally published on MoneySense on September 25, 2018. Beth is trying to help her mother decide what to do with the sale proceeds of her house Q: My elderly mother, 83, just sold the family home for $300,000. The…
For Baby Boomer Couples, Synchronize Or Stagger Is The New Retirement Dilemma
The article “For Baby Boomer Couples, Synchronize Or Stagger Is The New Retirement Dilemma” was originally published on Financial Post on September 24, 2018. The first generation where two careers are the norm also sees a spike in grey divorce Dual-income households have been on the rise over the past…
Tax Withholding On RRIF Withdrawals
The article “Tax Withholding On RRIF Withdrawals” was originally published on MoneySense on September 18, 2018. Bob is concerned about the tax withholding on his RRIF withdrawals. He’s not sure he’s drawing down his investments properly. Q: I am a widower, 80 years old, and I am being taxed about 30%…
Should You Buy Real Estate Just To Stay In The Market?
The article “Should You Buy Real Estate Just To Stay In The Market?” was originally published on MoneySense on September 11, 2018. Face it. There are plenty of other better options. Q: I just sold an estate home in the Greater Toronto Area very recently and decided to rent for two…
Do You Really Need An RRSP To Retire?
The article “Do You Really Need An RRSP To Retire?” was originally published on MoneySense on September 5, 2018. Riza is worried about retiring without an RRSP. But do you even need one? Q: What will happen if I retire and I don’t have an RRSP? —Riza A: The Registered Retirement Savings…
Is It Okay To Retire With Debt?
The article “Is It Okay To Retire With Debt?” was originally published on MoneySense on August 28, 2018. Steve has debt but also has a generous DB pension. Should he retire? Q: I am eligible for retirement at age 57, as I have 30 years of service. I am now contemplating…
Relying On Proprietary Products Not Necessarily A Bad Thing For Advisors
The article “Relying On Proprietary Products Not Necessarily A Bad Thing For Advisors” was originally published on Financial Post on August 27, 2018. Jason Heath: If an advisor uses proprietary products they know well already, they can allocate more resources to things like retirement planning. I have been known to…
‘I’ve Been Named An Executor. Where On Earth Do I Start?!’
The article “‘I’ve Been Named An Executor. Where On Earth Do I Start?!’” was originally published on MoneySense on August 21, 2018. Executor duties can be overwhelming. Where do you start? Here’s advice. Q: We just placed my 99-year old bachelor uncle off his farm and into in a senior’s lodge.…
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