Weathering the Storm and Sailing into Smoother Water (Reading Time: 4 minutes) The global pandemic has changed our lives. As we stay home and adjust our lives to suit our new physical and financial realities, many of us are wondering about our financial future. Every week I hear from members asking important questions: What
Have you heard of responsible investing (RI)? Maybe you’ve heard of socially responsible investing, or sustainable, impact, or ethical investing. They’re all the same great idea: a type of investing that aligns your values with your money to give back. Responsible investing takes your social, environmental, and ethical values, and uses them to determine
From our previous blogs What is a TFSA, really? and What is an RRSP? you can learn both offer tax advantages to help you reach your savings goals. Which should I choose? If it fits into your budget, a good strategy is to contribute as much as you can to both. But if you
An RRSP (Registered Retirement Savings Plan) is a type of account you can use to defer income taxes until you retire, when you will theoretically have less income. Similarly to a TFSA, there are different types of investments you can direct your plan towards, including mutual funds and GICs. You are allowed to
A Tax Free Savings Account or TFSA for short, is a registered account that was launched by the Federal Government in 2009 with the goal of helping you grow your savings without paying taxes on the interest or investment income you earn. Although its tax free, the government keeps track of your contributions and
At PenFinancial, we know that retirement is both a goal and a destination. I meet many people that have planned for how to get to retirement, but have no idea what to do with their finances or their time when they get there. They struggle to answer when I ask what their plans are
Breaking Down the Curveballs As a kid, I thought that hitting a baseball would be easy. Until I tried to hit a curveball. I wanted that homerun. So I had to learn how to adapt to the ball that was thrown at me. Then I had to learn how to hit a fastball. With each
Ben Franklin said, "Tell me and I forget. Teach me and I remember. Involve me and I learn." When I found that quote I realized something: it sums up PenFinancial’s wealth advising nicely, especially for young investors. We offer a personalized education to empower you and help you achieve your dreams.Our highly trained wealth advisors
The banking world is full of helpers and specialists. Member services representatives. Financial services specialists. Wealth advisors. The list goes on. Who are these people and what do they do? Well, that depends where you go!
After the heydays of school, life tends to become increasingly more mundane – I mean complex. Really though, in your early 30s you’ll likely take on more responsibilities and the accompanying financial obligations.