Recently, I got a pretty basic question on the website. Well, what seemed basic enough. Does WEP also apply to a Canadian who lived in the US, never worked in the US, but collects Social Security spousal benefits due to…
Read More How CPP Impacts Your Spouse’s U.S. Social Security Benefit
https://youtu.be/xC8EkN4eE70 Careful of Guaranteed Rates of Returns on Annuities How can you lose money when the annuity salesperson "guarantees" a 6.5% rate of return? This video discusses what you should be aware of before buying an annuity. Of course, a…
As a cross-border financial planner I get one question the most often, “Am I better off retiring in the U.S. or Canada?” Now, there are many non-financial benefits of retiring in both countries. You may have family back in Canada…
September 2019: Investing Insights There are a few certainties in this world. Death, taxes, and the Detroit Lions missing the playoffs are a few of these. Another one of these certainties is the business cycle. There are different names given…
When I called a prospective client a week ago, my jaw dropped. "What do you mean you're not going to turn on your CPP benefit?", I asked in amazement. She had been told that CPP reduces her social security benefit,…
Imagine working for a company for 40 years and finally making the decision to retire. Your financial situation looks great. A nice pension from your company as well as social security benefits for you and your wife. You figured that…
"I can travel more!" That was the first thing Anne said when we discovered that she should be receiving an extra $610 per month from Canada. It was a benefit, that her U.S. and Canada financial advisors had missed. The Canadian…
Sheila was advised by her U.S. based financial planner to withdraw her RRSP, and bring it to the U.S. She thought it was a reasonable request. At only $100,000, the RRSP represented only a small part of her total retirement…
Read More The 5 Biggest Cross-Border Planning Mistakes to Avoid In 2022
When Bob and Sally came into the office, their finances were a mess. They had recently retired and were withdrawing nearly 10% annually from their retirement savings. At their current withdrawal rate, they would be out of money by the…
“As soon as the stock market has another dip, I will be ready to get more aggressive”. I hear this from almost every investor during the good times when the market is heading higher. Then, we get the downfall and...crickets.…
Read More 5 Things You Should Never Do When The Stock Market Goes Down
