2015 … A Year of Change

By Greg Farries, BSC, The Nakamun Group, Calgary

When investing, the four most dangerous words are “it’s different this time” (Sir John Templeton). Reflecting back on
2015, the number of significant changes that occurred might have led a person to believe that things are different. The
price of most commodities, particularly oil and gas, continued their decline. Read More…

Plan for Your Digital Assets

By R.A. (Bob) Challis, CFP, RHU, TEP, The Nakamun Group, Winnipeg

Digital assets are Internet-accessible valuables that are carefully hidden behind usernames and passwords to prevent attack by cybercriminals. Whether or not you apply the label, you probably have digital assets. Some, such as online bank accounts, may have intrinsic financial value; others, such as online trading accounts, may access other assets that have financial value; and some, such as cloud-based photo storage, may have unique sentimental value. Read More…

New RRIF Income Rules in Effect

By Floyd Murphy, CFP, CLU, CHFC, The Nakamun Group, Vancouver

On January 1, 2016, new lower minimum withdrawal amounts for Registered Retirement Income Funds (RRIFs) were fully implemented. Anyone withdrawing the required minimum amount based on their own age of 71 or older now receives between 15 and 25 percent less than in the past. Read More…

Take Advantage of Free Government Money

By Floyd Murphy, CFP, CLU, CHFC, The Nakamun Group, Vancouver

The Federal Government offers a variety of generous grants and funding programs. Once you’ve qualified, applied, and set up the required accounts, funds are automatically deposited. In effect, free money from the Feds. If you qualify, why would you not apply to collect? Following are two examples. Read More…

TFSA “Successor Holder” Designation

By R.A. (Bob) Challis, CFP, RHU, TEP, The Nakamun Group, Winnipeg

Rather than naming your spouse as “Beneficiary” of your TFSA, consider “Successor Holder” as the more appropriate designation. Both are options that are offered for a surviving spouse. Read More…