Hemal Shah

436 Flips | 2 Magazines | 171 Likes | 1 Following | 49 Followers | @hemal_shah | Financial Advisor

CPP Fund grows to $366.6B at end of June

Canada Pension Plan Investment Board says its main fund grew to $366.6 billion of net assets at the end of June, up $10.5 billion from the end of …

Health savings accounts: What you need to know

Let’s rewind to February, when I wrote a column on a surprisingly sexy topic: health savings accounts.<p>Don’t laugh. This is important stuff.<p>HSAs are financial devices that help health-plan participants save money and become money-conscious health-care shoppers. The smart thinking these days is that …

4 Financial Savants Warn About The Great Crash Of 2020

They ought to know. To hear some of the financial world’s smartest folks, today’s buoyant times are numbered. Hey, they’ve been through it before. And they know the odds are in favor of a skid.<p>Some day, maybe next year, maybe in 2020, the economy will take a swan dive and the market will take the …

Stock Markets

Should You Spend or Invest Your HSA Funds?

Understand the many benefits of using a health savings account (HSA) and whether it’s better to spend your balance on medical costs or keep it …

Five Retirement Investments that Pay for a Lifetime

Ah retirement…you know the vision – vistas of long beaches, fairways, sunsets with umbrella drinks. Baloney. This imagery worked as an ideal for …

3 Great Income Stocks That Could Double Their Dividends

A great dividend can always be improved.<p>Savvy investors looking for income know that high yields aren't the whole story. A company that consistently …

Financial Planning Questions an Advisor Can Answer

At certain points, many people consider whether or not it is the "right" time to hire a financial advisor. Financial advisors work with clients …

Financial Planning

What's the difference between percentage fees and fixed fees for financial advisers?

<i>Dear Pete: I read your recent column about adviser's fees, and I wanted to run my situation by you. We have a retirement portfolio in excess of $2M. Our financial adviser charges</i> <i>a $</i><i>1,800 annual flat fee. The portfolio has grown in the past two years over 20% with income over $100K a year. Using</i> …

Retirement

How Happy Retirees Use Hobbies to Get ‘Richer’

Despite the dusting of snow we had last week here in Georgia, the last few weekends at the Moss household have officially ushered in spring.<p>As a …

Hobbies

Financial Planning Tips for 50-Somethings

A couple of months ago I turned 50. Most of us look at a new decade as an opportunity to assess where we are in life and make some plans and goals …

Personal Finance

Investing 101: What You Should Know Before Investing Your Money

<i>Teen Vogue columnist Lincoln Blades previously worked in investing as a client account specialist for defined contribution plans. Here, he shares his knowledge for young people looking to grow their assets.</i><p>For many young people, investing can actually be something of an emotional endeavor. When it …

This estate planning mistake could mean huge tax bill

Here are the unintended consequences of gifted instead of inherited assets.

Retirement Funding: It Comes In Stages

There's nothing like real life to give you a taste of "reality". Well, go figure. Like many boomers, I am about to enter a new life/work stage, some …

How to preserve the nest egg for the golden years?

On the path to retirement, not only is it important to build your nest egg, but to include in your plans how to preserve it so it lasts throughout your golden years. 10,000 Baby Boomers head into retirement each day and GoBankingRates research shows that 26% have less than $50K saved for their …

A handy way to save tax: Insure your kids

David Weinberg, a financial advisor in Toronto, has been known to bring some of his high-net-worth clients to tears – and he’s okay with that.<p>It happens when he asks them to write a short note to their grandchildren, which he then places inside a universal life-insurance policy file.<p>The letter …

Income Tax

Young Investors: 2 Reliable Dividend-Growth Stocks to Launch Your TFSA Retirement Fund

Young Canadians are searching for ways to set aside some cash to fund a comfortable retirement.<p>This wasn’t always a big issue, but times have changed …

Investing

4 Ways to Lower Your Tax Bill

While some of us get excited for a long-awaited tax refund, many stress over getting their taxes filed correctly and paid on time. The passage of the …

Financial Planning

COMMENTARY: Ontario’s government sure is spending a ton of money on ‘free’ stuff

Wow. Gosh. All those goodies Kathleen Wynne’s Liberals have been announcing in the last few days? It turns out all this free stuff is going to cost a …

Canada

The government owes you money on your tax returns

The Canadian tax system is complicated, to say the least. We have a progressive tax system, where the more you earn, the more you pay in income tax, but decades of centre-left and centre-right governments have resulted in a myriad of new taxes, and new tax credits. If you’re not a freelancer, …

IT Financial Management Inc. - Insurance

Insurance strategies that will help you to build and preserve your wealth.<p>Wealth Optimization<br>• Lifestyle Protection<br>• Protecting your work<p>Wealth …

IT Financial Management Inc.

<b>Wealth Optimization:</b><br>Preserve your wealth by protecting your assets.<p>Read More<p><b>Estate Planning:</b><br>Protection of your wealth for you and your loved …

The dos and don’ts of life insurance

Life insurance is often the last thing that people think of when it comes to their financial well-being. Most would never buy it if they didn’t have …

Bitcoin is unfolding like the dot-com crash — just 15 times faster

Bitcoin is behaving a lot like how the Nasdaq did during the dot-com bubble nearly 20 years ago, but the timeline is unfolding much faster, according …

Canada’s 2018 tax season: 6 things you need to know

Spring weather may still be about two months off for most Canadians, but tax season is upon us.<p>It’s the time of year when you tell the government …

Personal Finance

Your Money Month: Millennials should avoid this mistake when it comes to retirement planning

When it comes to how millennials plan for retirement, the Globe and Mail's personal finance columnist Rob Carrick says they must invest in the stock …

Retirement

Here's How You Might Manage to Pay Off Half of Your Credit Card Debt

Hint: It involves filing your taxes.<p>Though I've argued many times in the past that the average American should not be getting a tax refund, the fact …

RRSPs vs TFSAs – Which will work better for you?

I wrote a column last month with the headline "RRSPs are getting a bum rap as a tax trap." It was about some research by Jamie Golombek, managing director of tax and estate planning at Canadian Imperial Bank of Commerce, showing that registered retirement savings plans are a vital savings tool that …

Canadians take more money out of retirement savings to pay for expenses: survey

Canadians are withdrawing more money from their retirement savings to pay for short-term expenses despite the tax consequences, according to a new …

Retirement