Luft Financial | Elevate your Wealth | Vancouver Wealth Management firm
When we invest our money, we have a reasonable expectation that our initial investment will appreciate over time. As we get older, we tend to want to take less investment risk, especially if there is a goal to pass on some of our investments to our beneficiaries. Often seniors feel trapped into investing in GIC’s […]
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When most people think about income replacement, they typically think of Disability insurance. And while Disability insurance is the best way to protect your ability to earn an income while you are working, have you ever thought about who else might need your income if you passed away? In many cases, those people that are […]
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All financial plans are a great way to plan for your future, but unless you are including a risk management component to your plan, you are leaving yourself exposed to potential risks that may render your plan useless. Let’s be honest, how often does life go as planned? Whether you are still working and saving […]
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Nobody wants to imagine dying, but one of the most important pieces to the financial plan puzzle is to try and understand how your passing may affect your loved ones. You may have enough in your savings/investments to give you the peace of mind knowing that your family can survive off of these assets. If […]
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Everyone has heard the saying “there are only two certainties in life, death and taxes.” When we pass away most of our accumulated wealth is subject to income tax, probate tax or both. There are some simple things we can do to reduce this inevitable tax bill on our estates: own certain non-registered assets jointly […]
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Many people think that they should wait until they are older to get life insurance, or they may think that they will wait until they feel they are closer to using insurance before they apply for it.
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