Insights and Advice

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

CPP and OAS

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…

Tax Changes to Affect Trusts

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

Trusts, similar to individuals or companies, are separate and distinct entities under law and in the view of Canada Revenue Agency (CRA). Trusts can achieve a number of objectives ranging from transferring property and other assets in an orderly, private, and confidential manner to beneficiaries; to managing those assets for beneficiaries; minimizing probate costs; protecting assets from creditors; and managing income tax exposure. The income tax advantages are about to change. Read More…

Understand Your Travel Insurance

By Gloria Murphy, CIP,
The Nakamun Group, Vancouver

In a recent news story, a woman was injured while on vacation, when her parachute malfunctioned during a sky dive. Her travel insurance policy did not cover her injuries because she was determined to be participating in an “extreme sport”, which was an exclusion. Read More…

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 or be stricken with life-threatening cancer. Yet, those are the statistical realities.  Read More…

“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. Read More…

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 slips you should be receiving. In addition, any tax refund interest from 2012, which must be declared on your 2013 tax return, will be noted on your notice of assessment.

The following are the tax information slips that you are most likely to receive:   Read More…

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.

Read More…

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 the longest established organizations of its kind in Canada, has grown and evolved during the past 40 years to meet the financial needs of our clients. There are now five Nakamun partner companies in British Columbia, Alberta, and Manitoba. Read More…

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: Read More…