Get Your Inheritance Early - And Other Ways Your Parents Can Save Thousands in Taxes in Retirement

By 2 Cents on August 16th, 2010 | Category: Retirement | 5 comments

The following is a guest post by Frank Wiginton CFP, FMA, CIM, FCSI.

I want to start off by saying that I am not advocating anything that could get you put away! What I am recommending is that you speak with your parents about saving them thousands in taxes throughout retirement. Those who are in retirement may be paying too much in taxes on money they will never use!

The big question most people in retirement have is “Will I run out of money?” There is a great calculator on the home page of my website at www.frankwiginton.ca that will tell you whether you will run out of money, and if not, how much you will still have left as an estate. It will also tell you approximately what your lifetime tax bill will be. You will likely be surprised by the numbers – many are!

So [...]

Read on and enjoy … Get Your Inheritance Early – And Other Ways Your Parents Can Save Thousands in Taxes in Retirement

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Book Review: Smart Tips for Estate Planning

By 2 Cents on July 9th, 2010 | Category: Book Reviews | 15 comments

Estate planning is not just for people who are old or have lots of money. Estate planning is for everyone.

~ Jim Yih & Marvin Toy

If you’re anything like me, estate planning ranks somewhere between going to the dentist and cleaning out the garage on the motivation scale. But it deserves to place much higher in light of its importance to the future well-being of your love ones. Like a lot of the other tasks that we consider boring, tedious, or just too hard to begin, estate planning isn’t so daunting once you take that first step and just get started.

If you’re looking for a great place to start, you might want to pick up a copy of Smart Tips for Estate Planning by Marvin Toy and Jim Yih. Mr. Toy is an experienced lawyer with expertise in the areas of tax law and estate planning. [...]

Read on and enjoy … Book Review: Smart Tips for Estate Planning

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20 Cents From December 2009

By 2 Cents on December 31st, 2009 | Category: 20 Cents | 2 comments
Pennies

This is a selection of 10 articles I thought you might find interesting from the month of December, 2009. This is by no means a comprehensive list, and there were lots more I could have included.

Fiscal Fizzle gave us some great information on How to Write a Great Financial Mission Statement. Ray at Financial Highway provided 7 Credit Score Myths you might not know about. Gail Vaz-Oxlade had a nice post titled Happy Is As Happy Does.  It was a great reminder of the importance of attitude in everything we do. Tom over at Canadian Finance Blog asked Do You Have Enough Insurance On Your Home? This a good thing to reassess periodically. Rob Carrick at the Globe and Mail had a timely article on Why You Can, and [...]

Read on and enjoy … 20 Cents From December 2009

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