Have you heard of the Canadian Consumer Tax Index which tracks the tax rate the average family pays? The total tax bill for Canadian families has now grown to 42.3% of income in 2024vs 33.5% in 1961. The Canadian Consumer Tax Index Chart* indicates: Total taxes have increased 2,784% Family income has increased 2,186% The Consumer Price Index increased 927% Your...Read More
“A calm and modest life brings more happiness than the pursuit of success with constant recklessness.” ~Albert Einstein How do we overcome the financial mistakes investors repeat generation after generation? How do we manage our instincts such as fear, envy, and overconfidence? Our answer is that “pension-style” investing solves these problems and helps us sleep...Read More
In the classic movie, “It’s a Wonderful Life” there is a very important conversation about money. A despairing George Bailey, asks his guardian angel, Clarence, “You don’t happen to have $8,000 bucks on on you, do ya?” Clarence responds, “Oh no, we don’t use money in heaven.” George replies, “Comes in pretty handy down here, bub!” ...Read More
Whether you are planning for retirement or are already in retirement, the Commonwealth Financial Strategies team can help you to explore your retirement roadmap ensuring that you take advantage of all available financial strategies. We invite you to a personal Zoom meeting to discuss: 1. The lifestyle you would like to maintain throughout your retirement....Read More
On March 11, the S&P500 traded approximately 10% down from its peak – the definition of a market correction – which may lead investors to ask what they should do. Here are three important services we provide: We check up on your personal financial goals: We can consult with you and put your financial “big picture”...Read More
A financial advisor’s primary responsibility is to help you clarify and achieve your financial goals. Unfortunately, hearing once a year from an advisor is standard practice. However, regular communication with your advisor is vital to ensure your investment plan continues to serve you best. The information you provide is necessary to properly take care of...Read More
We want you to know that we invest in the same “pension-style” portfolios we recommend for clients. We delegate the day-to-day investment decisions to our elite suite of professional mutual fund companies who are carefully selected for their solid long-term track records. Pension-style investing means: Our financial consultation aims to fund your long-term financial needs....Read More
A question that clients occasionally wish to discuss is the issue of debt. While being debt free is a great objective, it is important to distinguish between good debt and bad debt and to think in terms of achieving your overall financial goals. Good debt can contribute to your wealth and happiness in the long-term....Read More
