Friday, 3 August 2018

Summer Vacation or Budget Woes? - What's On Your Mind - August 2018 Edition


We are in the middle of summer and should be planning or enjoying our summer holidays.  With the incredible weather upon us, this may be the year you decide to stay put and enjoy some of the local delights.  With the banks increasing the prime interest rate by a quarter percent, money may start getting a little tight.  This is when you have to be creative and look for ways to entertain your families without breaking the budget. 

While it is wonderful to travel and see other parts of Canada and the rest of the world the bills still have to be paid. There is no point to increasing the debt load for a one or two week vacation only to get stressed about how you will pay the bills when the credit card statements come in.

Depending on where you live there can be many enjoyable day trips that cost little or nothing that are quite enjoyable.  Recently a client told me of a Sunday drive turning into a bonus Pioneer Village type scenario out around Kitchener-Waterloo area.  St Jacobs offers a wonderful experience of stepping back in time with their farmers’ markets, while Prince Edward County offers some amazing wineries to visit.  With the internet there is no end of possibilities if you do a little research.  There are many places that are within an easy day trip or a one overnight adventure.

Get outside the normal box and make this a memorable year to explore in your area.  You may surprise yourself and your family with some great new memories made in your own back yard, so to speak, after all Ontario is yours to discover.



Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning is a personal trade name of Linda J. Levesque

Insurance Advisor
Hollis Insurance Inc.

One Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
                                                                                           

‘Saving Today for a Richer Tomorrow’®

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment Advisor and Director, Private Client Group of HollisWealth® is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 


This information has been prepared by Linda J. Levesque who is an Investment Advisor for HollisWealth® and does not necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque. Insurance products provided through Hollis Insurance Inc.  For more information about HollisWealth, please consult the official website at www.holliswealth.com.


Tuesday, 10 July 2018

Cash or No Cash, Where is all the Money going? - What's On Your Mind? - July 2018 Edition


You have your goals set, your retirement plan, in theory done, and still you find you are running out of money on a monthly basis.  It seems there is always too much month at the end of the money.  Try as you may you just can’t seem to get a handle on where all the money is going. This may be why you cannot get ahead with your savings.  We all know that the monthly fixed expenses keep going up but where is the rest of the money going.  On average you are making pretty good income.

If you find yourself in this situation maybe it is time to relook at just exactly where you are spending your money.  We have discussed in the past how much that coffee run is costing on a regular basis or those lunches out.  In case you have forgotten and have gotten caught up in the quick fixes of takeout instead of making coffee at home and brown bagging it with unhealthy fast food I will remind you to take a hard look at your spending habits.  Depending on where your discretionary money is being spent, it could be costing you more than just the future savings.  Indulging in fast foods, excessive amounts of coffee, shopping because you are gaining weight will all take a toll on your health in many ways.  In this case if you die prematurely or are too unhealthy to enjoy your retirement I guess you will not worry whether you have cash or not.

For those that are concerned and cannot figure out where the money is going and whether retirement will even be an option we have the solution here at Levesque Wealth Planning.  We have a cash flow program that will give you a clearer picture on where the money is being spent and where you can use discretion to reduce expenses. The extra funds could be redirected towards your retirement goals.  This is an online template that you complete. I use this information to build your retirement plan.  The retirement plan will give you your retirement number.  The challenge will be whether my number and your number matches.  If it doesn’t then we need to discuss what it will take to get the retirement number you are looking for.  There is a piece of mind that comes with knowing when you can retire.  Whether you actually retire at that number or not is a choice you get to make.

So, if little or negative cash flow is getting you down and you want to find ways to improve your situation, give us a call, email or contact us through our website and we will help get you started.  Today will be a new day with new realities towards future financial success.


Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning is a personal trade name of Linda J. Levesque

Insurance Advisor
Hollis Insurance Inc.

One Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
                                                                                          

‘Saving Today for a Richer Tomorrow’®

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment Advisor and Director, Private Client Group of HollisWealth® is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 


This information has been prepared by Linda J. Levesque who is an Investment Advisor for HollisWealth® and does not necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque. Insurance products provided through Hollis Insurance Inc.  For more information about HollisWealth, please consult the official website at www.holliswealth.com.


Tuesday, 5 June 2018

To Retire or Not to Retire? - What's On Your Mind - June 2018 Edition


Can you retire?  Would you like to retire?  We have discussed in the past your retirement number.  Do you know what that number is?  Do you care?  Lately I keep reading how people are now deciding they have had enough with working but haven’t quite planned their finances that well.  People are retiring with debt.  What happened to the generations past where cash was king and people did not spend unless they had the money or saved until they could afford to make a purchase?  We can always make excuses of why we don’t have money to retire but in actual fact we don’t always think before we spend.  We live in a society of wanting and indulgencing, not of needing and planning.  Statistics show that one in three are retiring in debt.  Equifax Canada* says average debt not including a mortgage is almost $23,000 a family.  This is high when you are now living on a fixed income.

Today we have young people used to having mostly what they wanted and parents indulgencing those wants without teaching the all-important lesson of deciding what is needed versus what is just a want.  When a child or any person doesn’t have to save their own money, it is easy to spend frivolously.  Not a surprise then that when it comes to making a decision to retire that money and debts is really not a consideration.  When the pay goes down, so does making larger payments on the debts.  Interest rates are on the rise and this will not help getting you out of debt.

I sometimes hear people say well it is too late for me to plan.  I understand that if you had started earlier you would be better off.  I also know that starting at any age can also make a huge difference in your life.  For younger people starting a small savings plan will make all the difference going forward if they continue to pay themselves over a long period of time.  Even an older person can make changes and start saving some money before retirement.  This will go a long way into having a more enjoyable life.

Don’t let fear of embarrassment stop you from asking for help from an expert.  The start of anything great is when you can ASK for help.

*The Canadian Press March 13, 2018


Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning is a personal trade name of Linda J. Levesque

Insurance Advisor
Hollis Insurance Inc.

One Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
                                                                                          

‘Saving Today for a Richer Tomorrow’®

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment Advisor and Director, Private Client Group of HollisWealth® is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 


This information has been prepared by Linda J. Levesque who is an Investment Advisor for HollisWealth® and does not necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque. Insurance products provided through Hollis Insurance Inc.  For more information about HollisWealth, please consult the official website at www.holliswealth.com.


Wednesday, 2 May 2018

Market Volatility: Friend or Foe? - What's On Your Mind? - May 2018 Edition


With the recent volatility in the markets, a lot of people are shying away from adding to their equities. On the surface when markets are negative and appearing to be your foe, in reality actually have a positive side and can be your friend.

If you are at the end of your savings life and are now reaping the benefits and enjoying spending your money then I agree this market volatility is your foe. If you have an actual retirement plan then this healthy break in the markets will not really affect you because you are currently spending cash and not having to sell into a down market.

Where the negative markets are your friend is when you are either dollar averaging into your savings plan or have extra cash you have had sitting on the sidelines. This is the time you get to have a bigger bang for your buck. Markets are on sale and now you are getting some pretty nice discounts on investments you already own by investing into what some will refer to as their foe.

People in general have mostly done things backwards and that is selling in the down markets and investing in the up markets. Emotionally I understand it is difficult to want to hold on to something or buy more while you watch your investment going down on paper. If you want to have the opportunity of increased returns then your friend is normally when the markets are acting like your foe. Think about the market volatility as your friend and always discuss with your investment advisor the opportunities that are available for your situation.


Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning is a personal trade name of Linda J. Levesque

Insurance Advisor
Hollis Insurance Inc.

One Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
                                                                                          

‘Saving Today for a Richer Tomorrow’®

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment Advisor and Director, Private Client Group of HollisWealth® is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 


This information has been prepared by Linda J. Levesque who is an Investment Advisor for HollisWealth® and does not necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque. Insurance products provided through Hollis Insurance Inc.  For more information about HollisWealth, please consult the official website at www.holliswealth.com.

Friday, 13 April 2018

April Fool's or Just a Scam - What's On Your Mind - April 2018 Edition


Most people enjoy a good joke don’t they?  Well in this day and age of technology we have to be careful we are not getting scammed.  Currently there are many scams going around and we have to be diligent in making sure we are not going to be one of the victims and become another statistic in the news.  

While the vast majority of people now have cell phones, the scammers have taken to using pop ups on your telephone that appear to be realistic.  For the most part, company’s such as Apple will never ask for your sensitive information to cancel a purchase that you did not make or to correct a virus on your phone.  You may even get a text message or email claiming something bad is going to happen unless you act quickly.  The acting quickly is to get you to provide information such as passwords, financials and logins.  

The best thing you can do when in doubt is to always exercise caution.  Deleting texts, not calling back missed calls from unknown sources, and if need be calling Apple directly and not using telephones numbers from a text  or email may save you a lot of aggravation.  We live in a time where curiosity could get you in trouble.  As with Canada Revenue Agency, these are not the kind of companies or agencies where personal information is expected to be given when it came unsolicited.  

Stay in control and make sure you teach your children what fraud could look like as well as listening to your children when they tell you what scams they are coming across.  We all need to pass the word around so we can all stay informed and make it more difficult for scammers to win.  Things will appear real so don’t get fooled.



Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning is a personal trade name of Linda J. Levesque

Insurance Advisor
Hollis Insurance Inc.

One Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
                                                                                          

‘Saving Today for a Richer Tomorrow’®

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment Advisor and Director, Private Client Group of HollisWealth® is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 


This information has been prepared by Linda J. Levesque who is an Investment Advisor for HollisWealth® and does not necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque. Insurance products provided through Hollis Insurance Inc.  For more information about HollisWealth, please consult the official website at www.holliswealth.com.


Monday, 5 March 2018

What's Your Retirement Number? - What's On Your Mind? - March 2018 Edition


At some point everyone thinks about when they would like to retire.  Your thoughts might include things you would like to do and possibly where you want to travel to.  How important is it to achieve your retirement goals of fishing or golfing every day, or whatever you plan to do to fill the gap of time between stopping work and stopping living?

Recently I heard that two of the major factors of living a long life, to 100 or so, is to keep socially active with family and friends and interact with strangers on a regular basis.  This second part could be a smile, short conversation or an acknowledgement of a strangers’ existence.  We all need to feel connected to people.

If this is true and you financially prepare yourself to retire at 55 or 60, and you know you are a social butterfly, then you may have to fill a gap of 40-45 years in retirement.  Previous generations looked forward to retirement because the planning for them was for a few years after they stopped working, not decades.

Currently we live in a world of more knowledge on how to keep ourselves healthy and fit.  We also live in a world with a high cost of living and taxes on just about everything we need, use and earn.  How is it possible then that we will be able to fund such a long active retirement and still live today? 

The new reality should be that we continue working throughout our sixties and possibly into our seventies.  Retirement should not be the destination you aspire to but a journey that gets tweaked along the way.  Your retirement lifestyle should include working at something even if it is part time or like me full time because you love what you do and the difference you make in the world.  Your retirement number shouldn’t be set in stone but planning for it in case you decide enough is enough.  Planning is the freedom to choose when that number will come into effect.   We have the software to help determine what your retirement number will be and what you need to do today to get there.  Call or email for more information.  This is the time wherever you are in your life to really think about the road ahead of you. 

If you are retired now and financially and physically doing well, then to stay healthier stay connected to people every day.  This is part of the growing old medicine that your doctor doesn’t tell you, but actually works.  To reaching 100 with good health and wealth.




Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning is a personal trade name of Linda J. Levesque

Insurance Advisor
Hollis Insurance Inc.

One Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
                                                                                          

‘Saving Today for a Richer Tomorrow’®

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment Advisor and Director, Private Client Group of HollisWealth® is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 


This information has been prepared by Linda J. Levesque who is an Investment Advisor for HollisWealth® and does not necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque. Insurance products provided through Hollis Insurance Inc.  For more information about HollisWealth, please consult the official website at www.holliswealth.com.


Thursday, 8 February 2018

CPP, Are You Leaving Money on the Table? - What's On Your Mind - February 2018 Edition


Did you know that not everyone qualifies to receive a CPP monthly survivor benefit when their working spouse passes away? If you and your spouse have both contributed to CPP and have both paid in the maximum contributions then it is quite likely you will only be entitled to a one-time lump sum payment of $2,500 death benefit.

The Canada Pension Plan is set up as a pool. This means that your estate will not necessarily receive any of the contributions made by your deceased spouse. The pool is used to fund the people on CPP currently. Given that it could be a possibility if you are married or living common law with a working spouse, what are the alternatives?

Now may be a time to sit down with your financial advisor and discuss your options on how to best get the maximum amount of benefit possible. Since every situation is different you should figure out the best solution for you. It is not possible to predict the future but with careful planning you can try and beat the odds.

This planning should take place for most people between the ages of 59 and 65 although having a discussion with your financial advisor earlier will always be beneficial. As Canadians we pay more than our fair share of taxes without leaving more money on the table.

As always if you would like to know more or have ideas for future articles please feel free to call or email us.

Linda J. Levesque, CFP®, FMA, FCSI®
Sr. Investment Advisor
Director, Private Client Group
HollisWealth®, a division of Industrial Alliance Securities Inc.
Levesque Wealth Planning

Insurance Advisor
Hollis Insurance Inc.

One Corporate Plaza, 2075 Kennedy Road, 5th Floor, Toronto, ON M1T 3V3
Tel: 416-412-8018 / 1-800-322-4030
Fax: 416-332-6772
linda@levesquewealthplanning.com
                                                                                          

‘Saving Today for a Richer Tomorrow’®

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment
Advisor and Director, Private Client Group of HollisWealth® is an author of The 5 Minute Wealth Plan, Saving Today for a Richer Tomorrow, in The Road to Success with Jack Canfield and in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 


This information has been prepared by Linda J. Levesque who is an Investment Advisor for HollisWealth® and does not necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque. Insurance products provided through Hollis Insurance Inc.  For more information about HollisWealth, please consult the official website at www.holliswealth.com.