Personal Finance RSS
Why Insurance May Become More Affordable
By Ryan Goldsman, CFP®, PAIP®
It seems like another lifetime, but several years ago I was a licensed financial planner and delivered financial plans to individual clients. The hardest part of the entire package was the insurance solution. It was post-2008 and interest rates were lower than ever. Dovetailing with low rates was the impact of a number of accounting standards that required insurance companies to have more capital on hand for any given amount of coverage. Basically, the price of insurance had increased substantially.
It’s Back: Leaving the Nest Happens Again
By Ryan Goldsman, CFP®, PAIP®
This past week, one of my long-term friends contacted me to discuss how to best help his eldest move into an apartment of her own in September. I was flattered, but quickly advised him that I wouldn’t be able to do any of the heavy lifting. Instead, I would be able to help best in the financial planning department.
The Fun of Budgeting!
By Ryan Goldsman, CFP®, PAIP®
Rarely do I meet another professional that enjoys budgeting as much as I do, but it happens every now and then. Of course, being one of “those” people, I’ve heard almost all the accountant jokes from my friends.
Being the Lender – What I learned from GoPeer
By Ryan Goldsman, CFP®, PAIP®
More than one year ago I received an email from a friend about a new platform called GoPeer, a peer-to-peer lending service that allowed Canadians to invest their capital (and become the lender), as well as allowing individuals to borrow. Essentially, a layer of democracy was added to lending which Canadians have not experienced in the past.
Mind Your Distributions
By Ryan Goldsman, CFP®, PAIP®
Making your first investment is exciting. Receiving your first cash inflow from that investment is even more exciting!
Following the initial euphoria, investors need to take a moment and consider the tax impact of that distribution (or dividend)… and it can get complicated.