Category: Financial Planner
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Infinite Banking Companies: How to Choose the Right IBC Partner
Read more »: Infinite Banking Companies: How to Choose the Right IBC PartnerMost people searching for “infinite banking companies” expect a ranked list. The top five carriers, rated by dividend history and cash value performance, with a winner at the end. That framing misses the point entirely. There is no such thing as the “best infinite banking company” in isolation. A carrier is one piece of a…
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Understanding 401(k) Withdrawal Rules
Read more »: Understanding 401(k) Withdrawal RulesWhat do you have planned for your golden years? Having enough money to live comfortably and meet your goals for retirement often starts with your employer-sponsored 401(k). This valuable financial tool helps you achieve your financial goals for retirement. Contributions are deducted from your paycheck before taxes and grow tax-deferred throughout your career. When used…
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Infinite Banking Example: Real Numbers for Becoming Your Own Banker
Read more »: Infinite Banking Example: Real Numbers for Becoming Your Own BankerThis article is for informational purposes only and does not constitute financial, tax, or legal advice. Policy illustrations are hypothetical examples and are not projections of guaranteed results. Actual performance depends on carrier, policy design, dividend history, and individual circumstances. Consult a licensed financial advisor before implementing any strategy described here. Most explanations of the…
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Corporate-Owned Life Insurance (COLI): Tax, Uses, Risks, Ethics
Read more »: Corporate-Owned Life Insurance (COLI): Tax, Uses, Risks, EthicsIf you own a business with key people whose loss would hurt the company financially, corporate-owned life insurance will come up in your planning at some point. It is simultaneously oversold by some advisors and reflexively dismissed by owners who remember the “janitor insurance” scandals of the 1990s. The reality is more nuanced. When COLI…
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Understanding Contingent Beneficiary
Read more »: Understanding Contingent BeneficiaryThe Infinite Banking concept also known as IBC was pioneered by Nelson Nash. Infinite Banking strategy takes a revolutionary approach toward personal finance. The strategy essentially involves becoming your own bank by utilizing a dividend-paying whole life insurance policy as your bank.
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Retirement Calculator Canada
Read more »: Retirement Calculator CanadaIf retirement is on the horizon for you or a major milestone you want to achieve, set a clear goal, and plan a reward for achieving it to help motivate you. Instead of planning an age or a date focus on a financial target that will produce the quality of life you are looking for.
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The Insured Retirement Planning Guide
Read more »: The Insured Retirement Planning GuideInsured retirement plan (IRPs) Insured Retirement Plans (IRPs) allow you to have your cake and eat it too. In the article, we’ll be exploring what IRPs are, how they work, plus the pros and cons of getting one.
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How Can Termination of Employment Affect Your Group RRSP?
Read more »: How Can Termination of Employment Affect Your Group RRSP?From losing employer matching to understanding transfer and withdrawal options, this article helps Canadians navigate their RRSPs post-employment—and why now might be the perfect time to take back control of your retirement strategy.
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Is A Group RRSP Considered Employee Benefits?
Read more »: Is A Group RRSP Considered Employee Benefits?Group RRSPs are a common but often overlooked employee benefit that can offer a convenient way to save for retirement—especially with employer contributions or matching incentives. While the automatic payroll deductions can simplify investing, there are often eligibility rules, restrictions on access, and limited investment options. Understanding how your group RRSP fits into your overall…
