About Writer Peter F. Baigent CFP, CLU, CHFC, RFP. is a Past President of the Canadian Association of Financial Planners for British Columbia, a former Director of the Canadian Association of Financial Planners. He has spoken across Canada on financial planning matters and has taught courses for the Chartered Financial Consultants & Certified Financial Planners degrees. He is the founder of Money Minders Software which produces financial planning software.
Avoiding Double Taxation Many people who buy mutual funds and other stocks often end up paying tax twice when they finally sell the security. This is because they do not keep track of their "average cost base" per share. This problem is very prevalent on investments when the dividends have been reinvested in the same security. Most mutual fund investors reinvest their dividends in more shares of the same fund. Many large...... Similar Editorial : by F. Terrence Markle. | Source : State Personal Income Tax
Can I Afford To Retire? First Published Fall 1990 Almost every day I get asked, "Can I afford to retire?" Although we have very sophisticated computer programmes to answer these questions, we must first ask the client "How much do you need coming in every month, in today's dollars when you retire"? This gets everyone squirming at the thought of having to do some budgeting, to determine the answer to that question. I...... Similar Editorial : by Jason Keiller. | Source : Ira Rule
How Long Will My Money Last? First Published in the Balanced Report Fall 1991This is the central question of retirement planning. When people come to see us, that is what they are asking us to answer for them. The question is usually phrased as. "Can I afford to retire? When can I afford to retire? How much income will I have at retirement? Will inflation cause me to have to work longer or reduce my standard of living?" Very...... Similar Editorial : by Willard Michlin. | Source : Budget Planning
Financial Planners - How To Tell The Difference First Published Fall 1993 Eight years ago I was discussing a Financial Planning recommendation with a Judge. He made the comment that he was reluctant to accept recommendations from a 'Financial Planner' because he knew of a lawyer in Vancouver who had been disbarred for misuse of his client's trust funds and was now doing business as a 'financial planner'. Unfortunately, anyone can call...... Similar Editorial : by Cindy Heller. | Source : Finance And Insurance
