Insights and Advice

Avoiding Chaos Amongst Survivors

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

When somebody dies, family and friends want to do something to help the closest loved one(s), and with the best of intentions can inadvertently cause estate chaos. An action-oriented relative might take on notifying the deceased’s banks, others might contact credit card companies, insurance holders, and government agencies. In the pressure of the moment, the closest survivor might reveal financial information not normally shared with others, and later regret having done that. As helpful as these people mean to be, they could create unnecessary problems or leave tasks only partially completed without follow-up. Having an executor doesn’t prevent this kind of chaos.

Read More…

Preparing For Your 2014 Tax Return

By Garry Keiller, The Nakamun Group, Edmonton

Hoping for an early refund, many people file their income tax return in March, and then have to file an amendment when more information arrives in the mail in April.

Read More…

Beware… A Life Insurance Scam

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

A new scam has surfaced in Canada. Anyone who owns, plans to purchase, or even has no interest whatsoever in life insurance can be targeted. Be suspicious of anyone offering to pay your premiums for life insurance or give you money in connection with a life insurance application. There are catches.

Read More…

A Look Back… and a Look Forward

By Greg Farries, BSC, The Nakamun Group, Calgary

In 2014, interest rates continued their long-term decline, with ten-year Government of Canada bonds ending the year with a yield at about two percent. Equity markets continued to rise from their lows in 2009.

This all happened against a backdrop of mounting concerns about economic growth in Europe, sliding oil and gold prices, a slowing China, a floundering Japan, the end of quantitative easing in the US, the emergency of ISIS in the Middle East, and rising fears regarding the outbreak of Ebola.

So what’s ahead?

Read More…

Foiling Scammers

By Garry Keiller, The Nakamun Group, Edmonton

With criminals becoming more and more sophisticated in their scamming methods, you might be comforted to know that your Nakamun Advisor stands between the savings we manage on your behalf and any unauthorized person trying to access these accounts. Read More…

Segregated Funds Can Simplify Estate Planning

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

Segregated fund (seg fund) investments are similar to mutual funds, but also have significant differences that make them effective in estate planning for some people, especially those with complex estate issues. Read More…

FEDERAL BUDGET – HAS SOMETHING FOR EVERYONE

By Garry Keiller, The Nakamun Group, Edmonton

Canada is one of the few countries with a triple-A debt rating. While our debt, unlike many nations’, is manageable, the priority of the 2013 Federal Budget is to eliminate the federal deficit by 2015/2016. Spending growth will increase by only 0.9 percent in 2013, the lowest rate of spending growth in 20 years.

Grants, taxes, and exemptions seem to be the order of the day with the following highlights likely to affect some of out clients.

Continue Reading  Federal Budget

2012 Year End Market Commentary

By Greg Farries, BSC, The Nakamun Group, Calgary

Looking back at 2012, investors around the world remained extremely cautious. Headlines continued to be dominated by the European debt crisis, the US’s inability to address its own debt issues, and China’s slowing growth. In the US, housing prices and unemployment continued to be problems.

The negative headlines on top of vivid memories of the effects of the 2008/2009 financial crisis were justifiable reasons for concern. Read More…

CHOOSING NOT TO BE AN EXECUTOR

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

Whether you have accepted in advance or discover after an individual passes away that you have been named an executor, you can choose to decline. Just some of the reasons you might not want to serve as executor include: Read More…

Cash Value Life Insurance – an Investment to Consider

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

Life insurance is like no other financial instrument in its ability to create portfolio equilibrium while delivering guaranteed results. A comprehensive financial plan is incomplete without considering this unique asset class.

Our current financial environment is fraught with low guaranteed fixed interest rates, unproven and often complicated new financial products, as well as volatile equity and real estate markets. Prudent investors, well versed in the benefits of portfolio diversification, and their advisors, are once again looking at the unique features of cash value life insurance. Prior to the 1980s, almost 90 percent of life insurance contracts purchased were whole life/cash value. The same guarantees that appealed to investors then are 
creating a surge of interest once again. Read More…