Life & Legacy Advisory Group

A financial advisor isn’t just about crunching numbers; it’s about helping you make informed decisions and giving you peace of mind knowing you have a plan in place for the future. Working with an advisor means you get customized advice that’s tailored to your specific needs—whether it’s growing your wealth, protecting your assets, or planning your legacy.

Let’s discuss how we can help you build a strategy designed just for you.
www.lifeandlegacy.ca

🚫 Myth:
Investing is only for experts or those who can handle big risks.
✅ Reality:
You don’t have to be a Wall Street guru to invest smartly! With proper guidance, you can build a balanced portfolio that matches your risk tolerance. Start slow, diversify your investments, and let time work its magic.

Don’t let fear hold you back from growing your wealth. Contact us to create a risk-managed plan that aligns with your goals! www.lifeandlegacy.ca

Can you afford the high cost of late-in-life care? We crunch the numbers for you Backup assets like a paid-for home can be tapped to fund care costs, writes David Aston, only if, and when, that becomes necessary.

Just as going for a 20-minute walk every day can keep your body healthy, daily financial care keeps your money situation healthy.

The ‘facts not fiction’ exercise and five other ways to manage your money anxiety Just as going for a 20-minute walk each day can keep your body healthy, daily financial care keeps your money situation healthy.

A life insurance policy allows you to leave a legacy—not just for the people you love but also for organizations and causes that are important to you. Donating a life insurance policy is a simple way to leverage your charitable giving.

In Canada, when a charity is named as the beneficiary, the death benefit paid to the charity is not subject to taxes, and your estate may receive a charitable donation receipt for the amount of the insurance payout. This can reduce the tax liability of your estate.

It’s a good idea to consult with a financial planner to ensure any donation is structured in a way that aligns with your financial goals or values and maximizes tax benefits.

Let’s talk to ensure your financial plan reflects the future you want to realize. www.lifeandlegacy.ca

As the parent of three university students, I can’t emphasize enough the importance of teaching your kids essential financial planning skills. Understanding how to budget, save, and make wise financial choices can help students achieve greater financial independence and stability during their studies as well as set them up for success in managing money responsibly throughout their lives.

Three money skills students will want for university or college — and ‘loud budgeting’ is top of that list While budgeting is the priority, managing credit and value consciousness are also important to students’ financial well-being.

Carefully considering your options to secure a debt-free future is more crucial than ever, particularly in a time when many are facing financial difficulties.

Is a consumer proposal right for you if you’re so deep in debt you can’t get out? It’s an option to consider before filing for bankruptcy, experts say, and can help Canadians get back on track with their finances.

Supporting older parents while also providing for your own children can create a significant financial burden. Juggling these expenses and worries about your financial stability in retirement, alongside the immediate needs of family members, can cause prolonged stress and anxiety.

Here are some tips to help you manage:

✅ Re-evaluate your financial plan.
✅ Set boundaries about what you can realistically do, both financially and emotionally.
✅ Consolidate your debt.
✅Take advantage of workplace benefits to support your mental health and well-being.
✅ Don’t neglect your future. Make sure you continue to contribute to your retirement savings, even in small amounts.

Need some advice? Let’s talk to ensure your spending aligns with your values without jeopardizing your financial security.

Registered education savings plans (RESPs) are used to save for and fund post-secondary education expenses but did you know that a beneficiary can have multiple RESP accounts?

A grandparent can open an RESP for their grandkids if they would prefer to manage the account on their own. This means they can choose how much and how often to contribute, making it a flexible way to help invest in their grandchildren's future. Or they can give their child money to fund RESP contributions for their grandchildren. Either way, it's a great option for providing generational financial support.

However, the lifetime contribution limit for an RESP is $50,000 per child. Grandparents and parents should coordinate contributions to avoid exceeding this limit.

Understanding your emotions and attitudes toward money can help you set realistic retirement goals. Always look for ways to approach both retirement planning and investing with greater mindfulness.

How does emotional intelligence affect retirement planning and investment returns? Ability to understand, interpret and respond to your emotions — and those of others — is critical for investing success.

🎉 Happy International Day of Charity!

Let's join together to celebrate the joy of giving and making a positive impact on our community. Whether it's donating to a worthy cause, volunteering your time, or simply spreading kindness, let's show the world the power of compassion.🌟

A structured plan for charitable giving can also encompass your values and complement your wealth planning. We can help you review your spending plan to determine how much you can regularly give to worthy causes and include charitable giving as part of your overall financial strategy.

Contact our office today to get the conversation started.

Don't let emotions get in the way of your investment journey. During market ups and downs staying levelheaded is key.

Instead, you should:
😫 Understand the impact of emotions on investment decisions.
🧘🏼 Focus on the long-term - learn how to navigate market volatility with a long-term perspective.
💰 Understand how to use diversification strategies.

We can help you discover strategies to help keep emotions out of investing and make informed investment decisions.

Personal values are key drivers of our behaviours, the decisions we make and the actions we take. Creating a personal financial plan that aligns with your values is an essential step towards achieving your financial goals and living a fulfilling life. Here are some tips to get started...

➡️ Define your personal values. What matters most to you?
➡️ Examine how you spend, give and invest your money to ensure they’re in alignment.
➡️ Create a budget that allows you to track your income and expenses.
➡️ Understand your money mindset and be honest with yourself.
➡️ Review and adjust your financial plan regularly as your priorities and values change.

With some extra forethought and strategy, you can create conscious financial practices that exist in harmony with your values allowing you to make purposeful choices that you can feel good about—while still planning thoughtfully for your future. Let’s talk to ensure your financial plan reflects the future you want to realize.

🎉💰 Happy National Financial Awareness Day! Today we celebrate the importance of managing our money wisely and preparing for a secure future. Let's take a moment to assess our financial goals and ensure we are on the right track.

Here's to making smart financial decisions and achieving financial freedom!

Relocating can be incredibly stressful and may also place a significant strain on your finances. Here are some great tips on hiring a moving company and red flags to watch out for...

‘Complete panic’: How to spot red flags in moving scams Jenny Wilcockson missed the first red flag — the estimated price for her movers came in much lower than quotes from other companies.

When it comes to buying life insurance, it’s important to know the difference between term life insurance and permanent life insurance.

➡️ Term life insurance is ideal for temporary needs with a lower initial cost and can help provide affordable coverage if something unexpected happens. If the insured outlives the term, the policy expires, and no benefit is paid.
➡️ Permanent life insurance generally costs more but provides guaranteed lifelong coverage that helps protect your loved ones. It is more flexible than term life and provides additional financial benefits, such as cash value accumulation.

Choosing between the two depends on your financial goals, needs, and budget. Contact our office today to get the conversation started.

While debt can feel paralyzing, setting aside even a small amount toward retirement while paying off loans can make a big difference in the long term. Time is one of our greatest assets, we want to use it to our advantage. Investing for the long term can be challenging but here are some strategies:

💰 Start saving as early as possible
💰 Invest enough in your retirement account to qualify for an employer-matching contribution
💰 Prioritize paying down high-interest debt
💰 Adjust and build a financial plan that can change as your life does

Don't let debt be a barrier to contributing to your retirement account. Let’s talk to ensure your financial plan reflects the future you want to realize.

Remember, it’s not about how much 💵 you start with, but about starting early and staying consistent.

TOP TIP: Invest small amounts regularly.

Ready to make your money work for you? We can help you find the perfect balance between Living for Today and Planning for Tomorrow. www.lifeandlegacy.ca

If you're a business owner there are some key things you need to do to prepare for a healthy financial future...

Business owners should plan ahead for life in retirement Here are the key things business owners need to do to prepare for a healthy financial future.

Effective money management is not just about budgeting and saving; it's a comprehensive approach that empowers you to take control of your finances, align your values with your financial goals, and build a foundation for lasting .

💡 Key Tips:
~ Define what financial success means to you.
~ Track your income and expenses to avoid overspending.
~ Make saving a habit, not an afterthought.
~ Grow your wealth through smart investments.
~ Educate yourself about personal finance to make informed decisions.

Remember, every small step you take today paves the way for a financially secure future. Let’s talk to ensure your financial plan reflects the future you want to realize.

💬 Share your money management tips in the comments!

When you budget wisely, save consistently, and invest smartly, you're not just handling money—you're building a foundation for a confident and stress-free future.

Imagine the peace of mind that comes from knowing you’re prepared for life's unexpected moments and ready for the opportunities ahead. ✨

Start today and watch how smart money choices can transform your financial well-being!