If you’re turning 71 this year, there’s something that MUST be on your ‘to do’ list

For every Canadian turning 71-years old a decision needs to be made by year-end about what to do with the Registered Retirement Savings Plan. Once you turn 72 you are not permitted to have an RRSP. It must be converted into one of three vehicles: Cash, a Registered Retirement Income Fund, or an Annuity. And it’s not an easy decision to make. Continue reading…


Saving for your Child’s Post-Secondary Education (Part 2 of 2)

When it comes to funding your children’s post-secondary education, not everyone needs to start socking away $200 a month into an RESP as soon as their baby arrives home from the hospital. And while I like that option if the parents are forward-thinking and can find that space in their budget, there are other sources of funds to consider. Continue reading…


Grand Opening event

An event celebrating the Grand Opening of Niagara Region Money Coaches was held at Optimal Wellness Niagara on Wednesday, with several dignitaries in attendance presenting plaques to Founder/Owner Trevor Van Nest, B.Comm. (Hons.), CFP(R). Continue reading…


How much should you save for retirement?

This is an age-old question, and just about every money expert has weighed-in on it over the years.

If you don’t want to figure out exactly what the government is going to throw your way in the form of the Canada Pension Plan, Old Age Security and perhaps the Government Income Supplement, you may want to use a simplistic formula to determine how you’re doing. Continue reading…