We are at that point in the calendar when so many of us look in two directions – still reflecting on the year we experienced, while taking a hopeful view of the new year before us.
This issue of Well-Advised also looks back and forward. On Page 1, we ask you to remember your reaction to market volatility when the COVID-19 pandemic arrived. You’ll see how measuring your reaction can affect the way you invest.
The look forward covers a variety of topics offering helpful information you can start using this year. On Page 2, we point out strategies that can help you make the most of your Registered Retirement Savings Plan (RRSP).
With tax season on the horizon, this newsletter devotes two articles to tax-advantaged strategies, both on Page 4. One article outlines different ways to split income with a minor or adult child. The other points out when it may be worthwhile to help pay for a home or education by withdrawing RRSP funds – on a tax-free basis.
Finally, we take a look at retirement plans. On Page 2, we explore solutions to meet your retirement goals if life situations require you to pivot.
We hope that you and your family have a healthy and prosperous 2021. If you ever need advice or have questions about your investment program, please contact us.
Ted, Eric, Rob and Chris
Thomson Financial Partners