Freedom 55 Financial

Blog Posts

Strategies to help you make the most of your savings

Imagine you have two saplings to plant. You carefully select a nice spot in your garden and plant them. Over time you pay attention to the one closest to the house; fertilizing and feeding the soil with plant food, watering it during dry times and carefully pruning it. The other you left to grow on its own still continues to grow, but doesn’t look quite as full and lush as the other tree.

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How to evaluate your first professional job offer

As a new graduate, navigating the job market can be a challenge. After the often lengthy search and application process, you might feel accepting your first offer is the only choice. While taking the first position you’re offered may be the right option for you, there are several factors worth considering when evaluating a job offer.

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RRSPs and TFSAs - the basics

With so many savings options available, it can be challenging to find the right fit for your needs. Registered retirement savings plans (RRSPs) and tax-free savings accounts (TFSAs) are two popular savings vehicles. Both options are government registered and provide tax-advantaged savings.

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Business owners: What happens if your plans get interrupted?

If you’re a business owner, you know it takes plenty of time, work and effort, and you do whatever you can to be successful now, and in the future. For example, you want to protect your business today while making sure you plan for retirement and the legacy you’ll leave behind.

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Holiday fun – without breaking the bank!

The holidays – it’s a time for festive decorations, delicious indulgences and happy get-togethers. But despite all the joyous tidings surrounding this special time of the year, the holidays can be stressful – especially when you consider the financial costs associated with entertaining and gift-giving.

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RRSPs and TFSAs - using your savings

Now that you’ve watched your savings grow, you’ll eventually want or need to spend it. There are many different ways to use your savings – here are some guidelines to help you decide whether you should make a withdrawal from your RRSP or TFSA before retirement.

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RRSPs and TFSAs - different ways to save

Building savings isn’t always easy – after all, there are plenty of fun things to spend money on. But the satisfaction of watching your savings grow will likely outlast the thrill of your latest online purchase.

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How having children impacts your finances

Starting a family means committing to a whole new lifestyle. While many unknowns lie ahead, a little planning can go a long way towards helping you remain in control of your financial destiny.

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Teaching children about money

It’s time to have the ‘talk’ with your children. No, not that talk – we’re talking money. Now is the perfect time to introduce your kids to simple lessons on how to save and how to spend. Here are some fun tips to put them on the right track to financial success:

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Five financial steps for new parents

Starting a family can be overwhelming. Be sure to keep these financial steps in mind. While personal finances may not be on your mind (likely getting enough sleep is), here are five important things to consider when bringing your bundle of joy home for the first time.

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Who should think about critical illness insurance? The answer is, most of us.

It’s not fun to think about how your life might change if you were diagnosed with a critical illness. Or even, if your partner or child was diagnosed with a critical illness. But it’s realistic and responsible to be prepared when you have people depending on you. You likely know at least one person in your immediate or extended family or circle of friends who’s had cancer, a heart attack or stroke, don’t you? It makes you think.

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5 Things you may be wondering about critical illness insurance

If you’re not familiar with critical illness insurance and how it works, you’ll want to talk to a financial security advisor about what to expect. Here are some things you may want to keep in mind when you meet with your advisor to talk about whether or not critical illness insurance is right for you.

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HelloLife retirement income program - What have you been saving for?

With a mix of income annuities for certainty and security and segregated funds for potential growth and flexibility, HelloLife can help make your money last throughout your retirement years.With a mix of income annuities for certainty and security and segregated funds for potential growth and flexibility, HelloLife can help make your money last throughout your retirement years.

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