By Jenny Reimer, CIM, CFP®
COO and Director, Financial Planning
One of my favourite parts of my work is helping our clients define their goals. Some goals are common, like buying a home or saving for a child’s education, and others can be more surprising, like taking a year-long sabbatical, starting a new business, or retiring to a different country. Digging into these goals, finding out where they came from and why they’re important, is a daily source of inspiration for me. Continue reading
Most Canadians are very familiar with mutual funds. In simple terms, a mutual fund is made up of a collection of individual stocks, bonds or other securities chosen by a fund manager with the goal of generating returns for the investors while balancing risk. Investors pay a percentage fee, referred to as the Management Expense Ratio (MER), to cover the cost of the management, marketing and administration of these funds. In Canada the average MER is around 2%.
Retirement, or financial independence, ranks as one of people’s top financial goals. We’re currently in the midst of “RRSP Season”, and many Canadians are giving at least a passing thought to their eventual retirement.
