Holiday Saving Tips It’s that time of the year again – the time for holiday decorating, holiday dinners, spending time with your family, and … spending money. Sometimes, a lot of money. If you’re like most people, you’ll be trying to save as much money as possible while crossing everyone off your list. We have a few holiday budgeting tips for you that might help. After all, it isn’t about how much you spend on a gift, but the
Wondering what an estate plan should include? Here’s a checklist of items you should have in your estate plan and things you need to do. If you have not read our blog post yet, Do I Need an Estate Plan? I encourage you to do so. It is a short read but paints a really good picture of who needs an estate plan and most importantly, why. You will find out that you’re not too young to have an estate plan, it
If you have been reading our blog posts this month, you will know two important things about an estate plan: 1. You are not too young for an estate plan and 2. You can afford to have an estate plan. You will also know that there are the 5 things every estate plan should include no matter your age or amount of assets: Last will and testament Power of Attorney for Property Power of Attorney for Personal Care Named beneficiaries on investments. Financial review
The Registered Education Savings Plan or RESP is a tax-deferred education investment account created by the federal government to encourage people to save for a child’s education. As of 2021, it is estimated that it will cost $100,000 for a student enrolled in a 4-year program, living away from home. Gulp. As with any plan, there are rules for how the RESP can be used. Get familiar with them so that you can make them work for your specific situation.