Donald Courcelles, CFP - IG Wealth Management

Three ways you can create a healthy relationship with money. Recognizing the psychological factors that influence our financial choices can help us make more considered decisions.. Read More: https://ow.ly/vVgT50T8GKG

Saving money might be the secret to better sleep.

Managing your finances can be so stressful that you lose sleep, but new research suggests a solution: putting money into a saving account every month, even if it’s just a small amount.

High-yield savings accounts and other savings tools are currently earning savers significant returns due to high interest rates. Investing in the stock market can be more unpredictable, but people with longer-term goals should consider investing options in addition to savings accounts.

There are many reasons to save money for people in basically all financial situations. Early on in your career, it’s important to build up enough of a fund to weather an emergency, like a job loss or medical crisis. Saving money can also get you on the path to major purchases like a first home, and it’s never too early to save for retirement.

Getting into a routine where you save consistently is the key to success and, apparently, getting better sleep.
https://ow.ly/c8yL50T7Kr7

En raison du vieillissement de la population, les questions entourant la prestation de services, y compris les conseils financiers aux aînés, prennent une plus grande importance. En savoir plus: https://ow.ly/o2pp50T8GJE

With an increasingly aging population, issues around providing services, including financial advice to seniors, are becoming more important. Read More: https://ow.ly/T8TT50T8GIC

What happens if you die without a will in Canada?

Dying without leaving a will is called dying intestate. This means that, instead of you choosing how your estate is managed and distributed after your death, intestate succession legislation comes into play. All of your money and assets (and debts) are put into your estate (except for policies and accounts that have a designated beneficiary, or which were held in joint tenancy).

The court will appoint a personal representative for your estate, who will close your financial affairs and make sure your assets are distributed correctly. However, the way those assets are distributed will follow local regulations, rather than your specific instructions.

Your IG advisor can help you put together an estate plan and recommend solutions that help maximize your estate’s value, minimize tax obligations and help ensure that your beneficiaries receive everything you have planned for them.

Lets talk! https://ow.ly/ZIsF50T7Kos

In this article, The Economist assesses a range of economic measures. https://advisorstream.com/read/americas-recession-signals-are-flashing-red-dont-believe-them/?c=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJub2RlX2lkIjoxMzgyOCwicHJldmlldyI6ZmFsc2UsImNvbW1faWQiOjEwNzY0OTM5LCJkZXN0X2lkIjoxMzA0NDczNywicmVhZGVyX2lkIjpudWxsLCJwZXJzb25hX3ByZXZpZXciOmZhbHNlfQ.f99VBXQR236CnNRRQsgud276zKKmFcj2rslyhEYClO8

Philip Petursson, Chief Investment Strategist at IG Wealth Management, joins BNN Bloomberg to discuss the outlook for TSX financials amid bank earnings. Watch Here: https://ow.ly/iJRW50T7KNx

Leave your children the vacation property, not a tax bill.

A vacation property—whether it’s a cottage in Muskoka or a chalet at Tremblant—is a valuable asset, not just in terms of the real estate, but also as a place that holds years of family memories. For many Canadians, passing the property to the next generation is a priority, but there are significant tax and non-tax-related considerations associated with keeping that cabin or condo in the family.

If your estate doesn’t have sufficient liquid assets to cover the capital gains tax that will be triggered by the transfer of your vacation property, consider using life insurance to cover the liability. Your children may even be willing to pay the premiums on a life policy if it means being able to keep the property without having to cover a large tax bill down the road.

As you can see, it’s important to plan for how a vacation property will be passed on to the next generation long before it happens. For more information, contact me today!
https://ow.ly/Hpp150T7KmC

What is an FHSA? And why it’s a must for first-time homebuyers.

As its name suggests, the first home savings account is designed to help Canadians save towards buying their first home. Given the increase in home prices across much of Canada, and the difficulties many people have in getting onto the property ladder, the FHSA was designed to make it easier to save for a down payment on your first home.

There is an FHSA contribution limit, which is $8,000 per year, with a lifetime FHSA contribution limit of $40,000. Unlike with some registered accounts, there is no minimum holding period. This means that you don’t have to wait for a specific amount of time before withdrawing money from your FHSA account.

An FHSA account can help you grow your home down payment savings far faster than in a non-registered account, so if you are thinking of buying a home any time soon, it makes no sense not to open an FHSA account.

When you want to start saving for a first home with an FHSA account, all you need to do is contact your financial institution to get the ball rolling.

https://ow.ly/EpV250T7KKO

The tried-and-true 60/40 portfolio and 4% withdrawal rate in retirement could lead to “catastrophic” outcomes if markets behave differently than in the past. https://cutt.ly/HeQVaesp

Three ways you can create a healthy relationship with money.

First of all, it helps to start with why. Did I buy that car for me, or for the impression it makes on other people? Why do I shop online when I'm stressed? Did I sell that stock out of the fear of losing money?

By deeply contemplating the reasons behind your financial decisions, you can develop an understanding of what your tendencies are. This helps build self-awareness. Eventually, self-awareness could lend you the ability to pause and consider all aspects of a decision before finalizing it.

After you start to understand your why, you'll need to examine what your goals are. What is most important to you, now and in the future? What about your family? And when do you want to achieve your goals? All choices have costs.

When you're evaluating your own needs and wishes, avoid comparing your financial situation to that of other people. You can never really have a complete view and understanding of someone else’s financial situation. Someone else's why could be entirely different from yours.

Defining your wealth by the number in your accounts can be very limiting. In the real world, wealth is defined in a variety of ways.

Your health, your time, your relationships, your skills and your knowledge can be defined as wealth. These are things that money can't buy on its own, and they contribute significantly to overall well-being.

Contact me today!
https://ow.ly/WMpP50T7KKn

Dans le balado Les marchés en mouvement, cette semaine, Pierre-Benoît dissèque les résultats de la récente saison des bénéfices : https://ow.ly/ukv750T6UA8 -BenoîtGauthier.

Most business OKRs and personal goals don’t come come with turn-by-turn directions. Instead, you have a desired outcome and a working hypothesis of how to get where you are going. Here's how to develop a roadmap for any goal. https://advisorstream.com/read/forbes/leadership/beyond-the-trail-what-a-long-hike-reveals-about-stretch-goals/?c=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJub2RlX2lkIjoxMzgyOCwicHJldmlldyI6ZmFsc2UsImNvbW1faWQiOjEwNzUyOTkxLCJkZXN0X2lkIjoxMzAyNjA5NiwicmVhZGVyX2lkIjpudWxsLCJwZXJzb25hX3ByZXZpZXciOmZhbHNlfQ.y_DgpnpdkL2UJfaCkjT3WDBUS09I3vu-AsfXNZAZKbw

La Banque du Canada amorce une baisse des taux d'intérêt, une première en quatre ans. Avec un ralentissement de l'inflation et des dépenses, il est crucial de comprendre ces changements. Lisez l'article pour en savoir plus!

Vers une accélération des baisses de taux EXPERT INVITÉ. Il pourrait y avoir une 3e diminution consécutive des taux d’intérêt en septembre.

Discover realistic strategies to save money for a house, from budgeting tips to smart investments, making homeownership a reality. https://advisorstream.com/read/forbes/money/heres-how-to-save-money-for-a-house-step-by-step/?c=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJub2RlX2lkIjoxMzgyOCwicHJldmlldyI6ZmFsc2UsImNvbW1faWQiOjEwNzI0MDU2LCJkZXN0X2lkIjoxMzAwNjI4MSwicmVhZGVyX2lkIjpudWxsLCJwZXJzb25hX3ByZXZpZXciOmZhbHNlfQ.xY1z7tLK5oRqjHbXw96sU0ToC1XcHWkgQs6B9NNSMrs

This week on The Living Market, Philip dives into the recent earnings season results: Subscribe, rate and review now. https://ow.ly/Kp7O50T6r3R

Dans le balado Les marchés en mouvement, cette semaine, Pierre-Benoît se penche sur la dernière décision de la Fed concernant les taux d’intérêt et son incidence sur les consommateurs et l’économie. https://ow.ly/VMag50T6UtE -BenoîtGauthier

Philip Petursson, Chief Investment Strategist at IG Wealth Management breaks down his takeaways from an inflation reading that came in lower than expectations. Read More: https://ow.ly/ByMz50T3Zp8

New capital gains rules and cottage estate planning: Christine Van Cauwenberghe, Head of Financial Planning at IG Wealth Management discusses cottage and estate planning strategies for Canadians with vacation properties. Read More: https://ow.ly/JKTW50T3ZoE

Fresh statistics are blowing a hole in Germany’s reputation for hard work, as a new generation discovers the joys of taking it easy. https://advisorstream.com/read/a-nation-of-workaholics-has-a-new-fixation-working-less/?c=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJub2RlX2lkIjoxMzgyOCwicHJldmlldyI6ZmFsc2UsImNvbW1faWQiOjEwNzE1NjMwLCJkZXN0X2lkIjoxMjk5MzkxNCwicmVhZGVyX2lkIjpudWxsLCJwZXJzb25hX3ByZXZpZXciOmZhbHNlfQ.3UZHSpRSADroAH6MPBNxUHdwE0RxPe7X_GDKe5iB0gU

This week on The Living Market, Philip explains why we need to step back from the details: Subscribe, rate and review now.

As passersby in London admired the latest street art from the world-renowned anonymous artist Banksy, one man was hatching a plan. https://advisorstream.com/read/thieves-stole-banksy-street-art-in-london-where-can-they-sell-it/?c=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJub2RlX2lkIjoxMzgyOCwicHJldmlldyI6ZmFsc2UsImNvbW1faWQiOjEwNzEwMDExLCJkZXN0X2lkIjoxMjk4NDkwNSwicmVhZGVyX2lkIjpudWxsLCJwZXJzb25hX3ByZXZpZXciOmZhbHNlfQ.hYmuIw1Eif2ocsYrUU2BJ-gAIaYL9LRmrNqgoyDiYRs