I have recognized that there is one single problem facing Canadians today (really, it’s not just Canadians but for this post, I’ll only discuss issues that relate to Canadians) and this problem, is erratic, irrational and unpredictable.
- Government decisions to keep interest rates low – they are artificially low to keep the economy moving but there will come a day that we can’t hold them down any longer and then inflation will go through the roof.
- Governments are focusing on removing tax-exempt strategies – take advantage of what is available now – otherwise you will lose the opportunity.
- Regulators are changing the rules on the insurance industry forcing them to either close their doors or to increase rates.
- Financial community is focused in embedded commissions and people aren’t getting value for what their advisor is receiving in most cases.
(the problem is government decisions)
So, what is the key to retiring in Canada – you guessed it – working with a Canadian financial planner you can trust.
