Libby Wildman

Recent survey shows that Canadians are not ready for their retirement. Are you ready for your retirement? Let's have a meaningful discussion. With decades of experience, I will show you how you can have a great retirement with careful planning.

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Family meetings can serve as a platform for positive communication about financial and estate planning. This may lead to a clearer understanding between family members and better decision-making. We've compiled some tips to help you get the most out of your family meetings. #Wealth #Advice

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Effective negotiation for business leaders requires clear goals, understanding the other party's needs and utilizing strategies like preparation, flexible options, active listening and knowing when to stand firm or concede to build mutually beneficial relationships.

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🌟 Deciding When to Take Your CPP Benefits? Let's Discuss! 🌟 Many of our clients have been pondering a crucial question regarding their retirement planning: "Should I start taking my CPP benefits early?" It's a question with significant implications for your financial well-being in retirement, and the answer isn't one-size-fits-all. Taking CPP benefits before the age of 65 might be tempting for many, especially if retirement comes earlier than expected or if there are immediate financial needs. However, it's essential to remember that starting your benefits early means they will be reduced by a certain percentage for each month before you turn 65. On the flip side, delaying your CPP benefits beyond the age of 65 can result in an increase in your pension amount. It's a decision that requires a careful assessment of your current financial situation, your health, your retirement goals, and your expected longevity. Here are a few considerations to keep in mind: Your Financial Needs: Evaluate your current and future financial needs. Do you have other sources of retirement income? Your Health and Longevity: Consider your health and family history. Longer life expectancies may favor delaying your CPP benefits. Impact on Your Retirement Lifestyle: How will taking CPP early or delaying it affect your desired retirement lifestyle? Tax Implications: Understand the potential tax implications of starting your CPP benefits at different ages. It's a decision that deserves a thoughtful conversation and personalized advice. For a deeper dive into this topic, reach out to us for a consultation. Your retirement journey is unique, and so should be your CPP benefits strategy. Let's make sure your plan aligns with your life goals and financial objectives. 💼📈🏡 #TWG #thewealthbuildinggroup #yourmoney #RRSP #RetirementPlanning #CPPBenefits #FinancialWellness

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Markets will ebb and flow over the years, and historically in an upward trajectory over time. If you’re concentrating on the day-to-day movement of the market, you may drive yourself insane with worry. And when you have increased anxiety over that day-to-day movement, you may be more likely to making decisions based on your emotions, when the market has no emotional bearing to you.

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Cottages often hold deep sentimental value for families, creating cherished memories across generations. Without a well-thought-out estate plan, family harmony could be jeopardized. A comprehensive cottage succession strategy begins with a review of your wishes and an open family discussion. This ensures that everyone's interest in the future use of the property is understood, and preferred arrangements are made. At Steele Wealth Management we have helped many clients plan for the generation transfer of a family cottage. Let us know if you want to discuss your situation with us further. #EstatePlanning #Wealth Management #CottageLife

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What is longevity risk? Longevity risk is the possibility of living so long after retirement that you go through your savings too soon. A couple of generations ago, longevity risk wasn’t much of an issue for Canadian retirees. Back in 1970, Canadians had an average lifespan of around 72, so their retirement savings only had to last for around seven years, on average. Today, if you retire at 65, you can expect to live to be almost 86, and that life expectancy increases as you age. On average, then, many Canadian retirees will need their retirement income to last at least 21 years, which is considerably longer than seven. Our team can help you evaluate your longevity risk and whether your current investment portfolio is working hard enough to protect you. Reach out to us at https://ow.ly/9vhg50Rub6e https://ow.ly/wjJH50Rub6j

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Join us for a Zoom webinar on June 18, 2024, at 6:00 PM Eastern Time to explore the topic "How Tax Planning Changes Through The Four Stages of Retirement." Register in advance for the webinar using the link below to secure your spot: https://lnkd.in/g_25mERy Upon registration, you will receive a confirmation email with all the details to join the webinar. #Webinar #TaxPlanning #RetirementPlanning #FinanceEducation

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I am sure you have likely heard by now, but on April 16, 2024 the Canadian federal budget was tabled. A ot of noise about how it will affect individuals and corporations. But how does this budget affect the charitable sector? 2 main ways 1. Alternative Minimum Tax (“AMT”) Reform 2. Capital Gains Inclusion Rates Check out the nice article from Canadian Association of Gift Planners (CAGP) below on the specifics of the impact of new legislation and whether its positive or negative. Send me a message to discuss how it might directly impact you #financialplanning #charitablegiving #capitalgains https://lnkd.in/gzxh2yhT.

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Learn key considerations and the optimal timing for buying insurance for children. Explore the pros and cons of early insurance. https://lnkd.in/giJ2JRm4

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Should you convert your Registered Retirement Savings Plan to a Registered Retirement Income Fund early or wait? Nicole Ewing, Director, Tax and Estate Planning, TD Wealth, joins Greg Bonnell to discuss some factors to consider and how an advisor could help.

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Disability insurance through your work may not be enough. Plus, you’ll lose that coverage if you change jobs. That’s why an individual policy is so important! 👉 Protect your paycheque with expert advice from Oasis Wealth Design! Book a consultation with us today. 🧠🌱💲https://buff.ly/48aqV2A

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Retirement planning looks different for everyone. Your retirement plan can have a lot of moving parts and professional advice should be one of them. DM or visit www.ClearWorthFinancial.ca to learn more and schedule a time to chat with us. #CFP #RetirementPlanning #ClearWorthFinancial

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As a financial planner, I often encounter clients who feel pressured to match the lifestyles of their friends on social media. From expensive dinners out to Caribbean vacations, the temptation to keep up is real. Yet, what remains unseen is what truly lies beneath the surface. Reality often reveals financial stress and strain. Let's refocus on YOUR financial health, avoiding comparisons. Remember, your path is unique and requires prudent navigation. #yourjourney #retirehappy

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"We have an opportunity to be advisors who can quarterback our clients’ lives, I want them to feel they can come to me for any recommendation.” -SS The power of referrals and word-of-mouth can go a long way. Read the full article in The Globe and Mail, covered by Deanne Gage. Link in bio 🔗 • #WomenInWealth #FinancialWellness #MoneyTalk #WomenInFinance #InvestmentAdvisor #FinancialGoals #FinancialPlanning #FinancialAdvisor #EmpowerHerInvestments #InvestmentAdvice #FinancialFreedom #MoneyMindset #PersonalFinance #FinancialIndependence

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