SPECTRUMLY SPEAKING
October 2022
|
|
Hello!
We hope you and your family had a wonderful Thanksgiving and are enjoying this picturesque month of October!
As we near the end-of-year festivities, we want to remind you to pay your future self first!
There are only 5 paychecks left in the year and you will want to begin budgeting now for those upcoming expenses.
If you haven't made your annual contributions to your kids RESP or RDSP, you should consider this amongst your wish lists. Also great to put this gift idea out to other family members that may wish to help your children in a more meaningful way this season.
Just be sure to let us know how we can help.
Please continue to stay safe, stay in touch, and stay positive.
Karen, Richard, Janet & Jeni
|
|
Critical Illness Insurance
What are the costs of becoming ill? Missing a day or two of work at the best of times, but what if you become seriously ill? If you can't afford the loss of income, medication, treatments, and possible travel to receive care, Critical Illness Insurance may be right for you.

Remember, your Financial Plan includes protecting you and your family from potential disruptions in life!
|
|
US Snowbird Regulations
As Canadians, we're all familiar with the term "Snowbirds". For many, the draw of spending the colder winter months in the warmer climates of Florida, Texas or California is peak retirement goals!
Although this migration seems simple enough, it can be more than just being a visitor to another country for a number of weeks.
This article outlines some very important rules when "Snowbirding" to the US.
|
|
 |
Ouch!
Just when you think you've pinched, squeezed, and reduced your household finances as much as you can, up goes inflation!
According to this Manulife article, 80% of Canadians feel there is currently an affordability crisis.
Even if we reduce our budgets to the bare minimum, you may have outstanding debts with rising interest rates.

If you are concerned and feeling overwhelmed, be sure to reach
out to us.
|
|
|
|
When Should You Begin
Your CPP Payments?
Your CPP or QPP can start as early as age 60 or be delayed
until age 70.
So, when is the best time to begin receiving this income ??? Well, that depends of course!
There is no one size fits all solution, as there are so many variables to consider.
We help our clients with Retirement Income
planning and want to explore these variables with you so that we may help you to determine the most advantageous solution for your family! 
|
|
|
|
Trick-or-Treating, Jack o' Lanterns, and dressing in costumes, are all common modern day traditions for Halloween. How about throwing hazelnuts into a fire, or peeling an apple skin in one strip?
How, and why did these traditions originate?
This article offers some (family friendly) history of many of our familiar traditions, and some that we have since dropped!
|
|
We're so happy to once again be able show appreciation to you by
inviting you & your family to join us for an exciting night of hockey with the

Barrie Colts, vs the North Bay Battalion!

The game is on Saturday, November 12,
puck drops at 7:30 pm at the Sadlon Arena!
60% of tickets claimed ~ Register now!
|
|
Learn About Special Needs Planning With Karen
If you, or anyone you know, has a child or family member with a disability and is under the age of 50; we are pleased to invite you to an informative, in-person presentation. We will chat about various resources and ways to financially prepare for your loved ones future.
Thursday Oct 27th from 7:30 - 9:00 pm

For more information, and to register, please click on the link below.
|
|
|
|
Karen and Richard just returned from a 3-day Worldsource educational conference where they heard from market economists, industry experts on business planning and investment ideas.
Staying on top of offerings, concepts and strategies is so important in this
ever-changing environment.
|
|
|
|
Financial Markets
Week in Review
|
For those interested in a deeper look at what happened in the financial markets this past week, this is for you. |
|
Spectrum Financial Strategies
134 Collier Street, Barrie, ON L4M 1H4

705-725-0562 www.spectrumfinancial.ca
|
|
|
|
|
|
|
|
‌
‌
‌