Category Archives: Personal

YOUNG, HEALTHY, AND FIT? Now’s the time to invest in Critical Illness Insurance

By R.A. (Bob) Challis, CFP, RHU, TEP, The Nakamun Group, Winnipeg Young, healthy, fit adults embarking on their life adventures are unlikely to consider that they might be one of the two Canadians alive today who will be diagnosed with heart disease, or one of the three who will have a stroke before age 65 [...]

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“WHAT’S YOURS IS MINE…” The Financial Realities of Life Partnerships

By Floyd Murphy, CFP, CLU, CHFC, The Nakamun Group, Vancouver Reality Number One: more than 40 percent of marriages end in divorce before couples reach their 50th anniversary. Regardless of how long a marriage or “common-law relationship” endures, at the end, there will be financial consequences.

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TAX SLIP REMINDERS

By Garry Keiller, The Nakamun Group, Edmonton Ensure you have all your receipts and information slips before filing your 2013 tax return. If no substantial changes in your situation – such as changes in your investment portfolio – have occurred in 2013, you might refer to your 2012 tax return to identify the tax reporting [...]

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2013 YEAR-END MARKET COMMENTARY

By Greg Farries, BSC, The Nakamun Group, Calgary 2013 will be remembered as a year of enthusiasm for global equity markets. Meanwhile, the Canadian equity market lagged behind the markets of most other developed economies, primarily because of continued weakness in the material sector.

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The Nakamun Group Celebrates 40th Anniversary

By Floyd Murphy, CFP, CLU, CHFC, The Nakamun Group, Vancouver  The original six individuals who formed The Nakamun Group had their inaugural meeting in the fall of 1973 at the cabin of one of the partners, located at Nakamun Lake, north of Edmonton. Hence, the name, The Nakamun Group. The group, which is one of [...]

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Financial Needs for a Comfortable Retirement

By Floyd Murphy, CFP, CLU, CHFC, The Nakamun Group, Vancouver Calculating the amount needed to retire comfortably is an exercise everyone should perform well before retirement, to ensure that the financial components needed to achieve the results are in place in time. There are fundamentally four financial components essential for a comfortable retirement:

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SCHEMES that can cost you your Retirement Savings…and more

By Garry Keiller, The Nakamun Group, Edmonton From Canada Revenue Agency website: “Warning: Investing in schemes that promise you tax free withdrawals from RRSPs and RRIFs could result in the loss of your retirement savings. “The Canada Revenue Agency (CRA) is finding an increasing number of questionable registered retirement savings plan (RRSP) and registered retirement [...]

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The Currency Effect

By Floyd Murphy, CFP, CLU, CHFC, The Nakamun Group, Vancouver Returns on international, including US, investments are impacted not only by the performance of the investments themselves, but perhaps even more so by the exchange rate of the Canadian dollar, assuming you are buying and selling those investments using Canadian dollars.

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Big Money Problems

Bob Challis CFP, RHU, TEP senior financial and estate planner at Nakamun Financial Solutions, was the featured advisor  in the Winnipeg Free Press’s September 14, 2013 Money Makeover. Having accumulated excellent pensions, and more wealth than they dreamed of, a couple discovers that managing their financial security is more complicated then they anticipated. They look for [...]

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INSURED ASSET TRANSFERS — Options in Cascading Wealth to Future Generations

By R.A. (Bob) Challis, CFP, RHU, TEP, The Nakamun Group, Winnipeg When your financial circumstances support passing a monetary legacy to your heirs — children, grandchildren, or subsequent generations — one option to consider is the transfer of assets through a permanent life insurance policy. Such a strategy could complement your estate plan, provide you [...]

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