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.

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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.

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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.

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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?

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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…

Estate Planning With A Registered Disability Savings Plan (RDSP)

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

Parents/grandparents financially supporting a disabled child/grandchild who has or is eligible for a Registered Disability Savings Plan (RDSP) have unique estate planning opportunities that should not be overlooked. Read More…

US Citizens…Intentional or Not…Take Note

Floyd Murphy, CFP, CLU, CHFC, The Nakamun Group, Vancouver
R.A. (Bob) Challis, CFP, RHU, TEP, The Nakamun Group, Winnipeg

American citizens, anyone with dual American/Canadian citizenship, or those with one or both parents born in the United States — whether or not you have claimed your US citizenship and regardless of where outside the US you live — you must report financial information and file income tax as if you lived in the States. The US Internal Revenue Service (IRS) has been cracking down on expat tax evaders for the past three years, and under the Foreign Account Tax Compliance Act (FATCA), the tax authority can collect financial information about US citizens residing anywhere in the world. Read More…


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

The Game of Risk

In this Winnipeg Free Press ‘Money Matters’ article, Bob Challis contributes his insight and advice about  the need for insurance and  ‘Considering Life’s “What if…”

Read the full article here


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

 The changes that have already occurred and are still to come regarding Canada Pension Plan (CPP) and Old Age Security (OAS) have made decisions about collecting benefits and, in the case of CPP, continuing to contribute far more complex than in the past. Each individual’s decisions should be made only after consideration of his or her particular circumstances. Read More…