February - 2023

The Role of Disability Insurance in Estate Planning:

Feb 28
2 min

The Role of Disability Insurance in Estate Planning:

Understanding How It Can Benefit You and Your Loved Ones Disability insurance is a type of insurance that provides income replacement if an individual is unable to work due to a disability. This can be a valuable tool for estate planning, as it can help to protect an individual's income and provide financial support for their loved ones if they are unable to work. There are several different types of disability insurance, each with its own set of rules and requirements. The m

The Role of Medical Representation Agreements in Estate Planning: Understanding Your Options

Clement Chung

Feb 27
2 min

The Role of Medical Representation Agreements in Estate Planning: Understanding Your Options

A medical representation agreement is a legal document that allows an individual to appoint another person, known as a medical representative, to make medical decisions on their behalf if they are unable to do so themselves. This can be a valuable tool for estate planning, as it allows individuals to ensure that their medical wishes are carried out even if they are unable to communicate them. There are several different types of medical representation agreements, each with it

The Role of Guaranteed Income Supplement Program in a Comprehensive Retirement Plan

Clement Chung

Feb 26
2 min

The Role of Guaranteed Income Supplement Program in a Comprehensive Retirement Plan

The Guaranteed Income Supplement (GIS) program is a Canadian government program that provides income support to seniors who are receiving Old Age Security (OAS) benefits and have a low income. The GIS program is an important part of a comprehensive retirement plan, as it can help seniors who are struggling financially to make ends meet. One of the key roles of the GIS program in a comprehensive retirement plan is to provide income support to seniors who are at risk of poverty

The impact of RDSPs on government benefits and assistance

Clement Chung

Feb 25
2 min

The impact of RDSPs on government benefits and assistance

Registered Disability Savings Plans (RDSPs) are a type of savings plan for individuals with disabilities in Canada. RDSPs are designed to help individuals with disabilities and their families save for the future and provide financial support for the person with a disability. While RDSPs can be a valuable tool for saving and supporting individuals with disabilities, they can also have an impact on government benefits and assistance. One way that RDSPs can impact government ben

The advantages and disadvantages of a variable-rate mortgage

Clement Chung

Feb 24
2 min

The advantages and disadvantages of a variable-rate mortgage

A variable-rate mortgage, also known as a variable-rate loan or adjustable-rate mortgage, is a type of home loan in which the interest rate can change over time. This is in contrast to a fixed-rate mortgage, in which the interest rate remains the same for the entire loan term. There are both advantages and disadvantages to a variable-rate mortgage, which are discussed below. One advantage of a variable-rate mortgage is that it often has a lower initial interest rate than a fi

How to Create a Budget and Save Money During a Career Transition

Clement Chung

Feb 23
2 min

How to Create a Budget and Save Money During a Career Transition

A career transition can be a stressful and uncertain time, but creating a budget and saving money can help you weather the storm. By setting financial goals and tracking your spending, you can take control of your finances and prepare for the future. Here are some tips and strategies for creating a budget and saving money during a career transition: Set financial goals. Before creating a budget, take some time to think about your financial goals. These might include saving fo

How to Choose the Right Disability Insurance Policy

Clement Chung

Feb 22
2 min

How to Choose the Right Disability Insurance Policy

Tips and Strategies for Ensuring Adequate Coverage When choosing a disability insurance policy, it's important to select one that will provide you with the right level of coverage. Disability insurance can help protect your income if you are unable to work due to a disability, so it's important to choose the right policy. Here are some tips and strategies for ensuring you have adequate coverage: Consider your income and expenses. Before choosing a policy, take some time to ev

How to Choose a Medical Representative: Tips and Strategies for Ensuring Your Wishes are Carried Out

Clement Chung

Feb 21
2 min

How to Choose a Medical Representative: Tips and Strategies for Ensuring Your Wishes are Carried Out

When choosing a medical representative, it's important to select someone who you trust and who will act in your best interest. This person will be responsible for making decisions on your behalf if you are unable to do so yourself, so it's important to choose wisely. Here are some tips and strategies for ensuring your wishes are carried out: Choose someone you trust. This should be a person who knows you well and who you believe will act in your best interest. It's also a goo

Maximizing Your GIS Benefits: Tips and Strategies for a Secure Retirement

Clement Chung

Feb 20
2 min

Maximizing Your GIS Benefits: Tips and Strategies for a Secure Retirement

The Guaranteed Income Supplement (GIS) program is a government benefit that provides additional income to seniors who are receiving Old Age Security (OAS) and have a low income. If you're a senior who is eligible for GIS, there are several strategies you can use to maximize your benefits and ensure a secure retirement. Here are some tips and strategies for maximizing your GIS benefits: Review your eligibility. The first step in maximizing your GIS benefits is to make sure you

How to choose the best RDSP for your family's needs

Clement Chung

Feb 19
2 min

How to choose the best RDSP for your family's needs

A Registered Disability Savings Plan (RDSP) is a savings plan designed to help individuals with disabilities and their families save for the future. If you have a loved one with a disability, choosing the right RDSP can be an important decision that can impact their financial security and well-being. Here are some tips for choosing the best RDSP for your family's needs: Consider your loved one's needs. The first step in choosing an RDSP is to consider your loved one's needs a

2 3