Wealth Management

Voted #6 on Top 100 Family Business influencer on Wealth, Legacy, Finance and Investments: Jacoline Loewen LinkedIn Profile
Showing posts with label retirement. Show all posts
Showing posts with label retirement. Show all posts

April 3, 2019

Many Seniors Fail This Retirement Income Quiz — Would You?

Senior women are planning their retirement better - Alainnah Robertson
Basic finance is a tough topic that many people fail to learn.  I had a recent conversation with an entrepreneur who sold his trucking company last year for over $20 million.  Despite having spent decades negotiating contracts and also selling his company to a publically traded company, he did not know how to manage his new found wealth.  When he was running his trucking business, it was all about re-investing his money to his business, which was a ravenous fire for cash.

Every day, I meet with entrepreneurs who were terrific at inventory and counting their costs and cash flow needs for the business, but do not have apply this thinking to retirement.

Another former business owner, Alainnah Robertson, says that she ran a business yet did not have the first idea about retirement and managing wealth.  Since she has learnt the concept of not touching her capital, and living off the interest and dividends, her views of retirement have changed to the positive.

Here is a fun quiz to check up on your financial literacy and how to retire at the top of the class!

Link - click here

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November 13, 2015

The need for Canadians to have a globally diversified portfolio is increasing

Jacoline Loewen and team Ottawa
The economy has been choppy, to say the least, and we asked our portfolio strategist to share the economic forecast for Canadian investors concerned about their portfolios.
Our Economics Forecast Luncheon in Ottawa had healthy debate and discussion.
My biggest take-away is that Europe has room for growth as they have had austerity and the governents are investing into their country infrastructure again.
Also, America is a resilient economy. Their job growth is strong, although service jobs do not have the same wage potential.
Thank you to Stephen Beckta, Beckta Restaurant, who hosted our private event.

If you would like to receive more inforation, please contact Jacoline Loewen - contact information on the side bar.

October 26, 2014

What can you do today for your retirement?

Saving for our children's university and retirement is one of life’s biggest savings, but surveys show these investments too often come last.
What could you do if you can see yourself in one or both of these situations?
Start by trying to save just 2% of what you’re bringing in; put the contributions on systematic automatic contributions to be sure they make it into the designated pot. 
Here’s the deal. Someone is reading this and thinking, `What the heck. It’s too late for me.’ But you don’t have to make these changes all at once. Look at your long-term plan and trim away that extra tank of gas or movie night out to start supporting all that you want down in ten or fifteen years.

Jacoline Loewen 

Wealth managers versus brokers

Typically, wealth managers, also known as financial planners, earn their living either from commissions or by charging hourly or flat rates for their services. A commission is a fee paid whenever someone buys or sells a stock or other investment. You may want to avoid financial planners who rely on commissions for their income. These advisers may not be the most unbiased source of advice if they profit from steering you into particular products.
A growing number of financial planners make money only when you pay them a fee for their counsel. These financial planners don’t get a cut from life insurers or fund companies. You might pay them a flat fee, such as $1,500, for a financial plan. Or you could pay an annual fee, often 1% to 2% of all the assets—investment, retirement,  university savings and other accounts—they’re minding for you. Others charge by the hour, like lawyers.
You might also encounter financial planners who cater exclusively to the rich and refuse clients with less than $2 million to invest. Don’t take it personally—hugely successful planners in this range of wealth are called wealth managers and would just prefer to deal with big accounts rather than beginner clients. 
You want a planner who’ll make the time to focus on your concerns and is interested in growing with you.
If you have more than $2 Million to invest, look for the wealth managers usually found in the global banks.