SPECTRUMLY SPEAKING September 2023

Hello! September is a month of transition. As summer fades away, the leaves start changing colour, the days get shorter, and we begin to prepare for the cooler months ahead. We have certainly experienced this the last few crisp mornings!!   September is also the perfect time to step back and reflect on the past months and our goals for the future. Reflective thinking is an invaluable tool in our personal growth journey and can prove equally powerful when applied to our finances. We always need to be mindful if we have detoured off course or our circumstances require our path to be adjusted.   Always know we are here to assist your family. We want to be your partner in this journey.    Stay healthy, stay safe, and stay in touch! Karen, Richard, Janet, Jeni & Cathy

Articles of Interest

Management Expense Ratios Every mutual fund has a management expense ratio, or MER- it's how the mutual fund companies get paid. Mutual funds are managed by professionals and include operating expenses and taxes -here's a breakdown of exactly what MERs cover, and why they're necessary.   MERs

Charitable Giving & Taxes There are 86,000 registered charities in Canada; making a donation to one can help maximize your income tax refund. You're not limited to donation by cash only; there are many other ways to donate goods, property or investment holdings. You can even include a charitable gift in an annuity, providing you with a guaranteed level of income, and a regular gift to the charity of your choice!  Charitable Giving

Have You Included Your Digital Assets in Your Estate Planning?  This is an area of estate planning that is fairly new to think about, but as our lives rely more and more on the digital world, we leave more behind. Digital assets can be purely emotional, like social media and photo storage accounts, or can be monetarily valuable accounts like reward points, crypto-currency, or social media accounts linked to a source of income. Click below to find out what you need to do to protect your digital estate.  Digital Assets Raising Money-Smart, Entrepreneurial Children Today's parents are much more open about talking to their children about finances and setting good examples. Having honest conversations about money creates money confident kids. How can you encourage early money management and entrepreneurship in your children or grandchildren? This father of five has some really good advice.  Entrepreneurial Kids

Are You Ready to Take The Great Canadian Personal Finance Quiz? Click the graphic below for an interactive multiple choice quiz!

Spectrum Office Updates & Tips

Karen Will Be Hosting a Special Needs Planning Webinar

If you, or someone you know are parents or guardians of a special needs child, or adult under 50, Karen will be hosting a seminar not to be missed. She'll take you through the complexities of the system, and how to make the most of government money. As a Financial Planner, and a Mom to a special needs child, this is really her area of expertise!

Click Here to Register

New Website Coming Soon! The Spectrum team played models recently (work it, Richard!), because we will soon be releasing a revamped website! Along with a brand new look, it will have a lot of helpful resources, tools, and back issues of Spectrumly Speaking!

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

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