It’s just around the corner—November is financial literacy month in Canada. Financial literacy can be described as having the financial knowledge and skills to make well-informed decisions about managing your money.
In this issue of 2022 Fall Well-Advised, we cover an especially important aspect of financial literacy on Page 3. It’s a look at financial principles and practices your children should know before leaving home.
Learning about money management and understanding our financial life is an ongoing process, as the rest of the newsletter demonstrates. The Page 1 article talks about an upside of down markets, as well as the need for investors to be patient. In a related article on Page 2, we examine typical investor emotions throughout a market cycle’s upswings and downswings.
On Page 4, you’ll find tips on saving tax during retirement—specifically, when making Registered Retirement Income Fund (RRIF) withdrawals. The second Page 4 article explains why it’s prudent for you and your aging parents to have a power of attorney for property.
Download the newsletter here >> 2022 Fall Well-Advised
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