Personal Wealth Susan Daley Withdrawing from your RESP PWL Capital 2019-08-22T16:50:41 August 22, 2019 In summary, you can pay student’s bills through two types of payments from an RESP. A withdrawal for post-secondary education (PSE) is a refund of the original contributions. There are no limits to the amounts that can be taken out of this bucket, and the amounts are tax free. Educational Assistance Payments (EAPs) come from the grant and accumulated earnings bucket within the RESP. There are certain limits to these payments to keep in mind, and the payments will be taxed in the student’s name.
Personal Wealth PWL Capital Susan Daley Canada Pension Plan Explained 2019-07-24T11:00:59 July 24, 2019 The foundation of many Canadians’ retirement is the Canada Pension Plan (CPP). The CPP is designed to replace a certain amount of your average work earnings, up to maximum limits each year. I outline what CPP is, how it works, and how much it might pay out.
Living in Retirement PWL Capital Graham Westmacott Target wealth: A new approach to the retirement challenge 2019-07-24T10:00:01 July 24, 2019 A better way to convert savings into retirement income. The defined benefit pension plan, a traditional mainstay of retirement planning, is on its way to extinction.
Personal Wealth PWL Capital Susan Daley How Much will you spend in retirement? Determining Your Replacement Ratio 2019-07-12T10:00:41 July 12, 2019 How much of your current income will you need in retirement? The answer to this question is called the replacement ratio and is a major driver of the retirement planning piece. It will be different for everyone, so I outline how you can figure out your own replacement ratio that will ultimately determine how much you need to save for retirement.
Personal Wealth PWL Capital Susan Daley Is saving 10% of your income enough for retirement? 2019-06-26T14:28:51 June 26, 2019 When talking about saving for retirement, most people default to the common 10 or 15 percent of income towards retirement. But are those numbers accurate and is this a reasonable approach? I outline this traditional approach, and compare it to another approach that takes into consideration a typical Canadian’s financial scenario.
Graham Westmacott MBA, CFA, Portfolio Manager Portfolio Manager, Waterloo. Graham believes wealth management should be based on facts and repeatable processes, rather than stories about the future.
Susan Daley CFA, CFP, Portfolio Manager Susan Daley is a Portfolio Manager at PWL Capital Inc. She is passionate about simplifying complex financial ideas to help clients achieve their financial aspirations. She runs a YouTube Channel with the same mandate, called Your Money, Your Choices.
Jason Primmer Investment Advisor, Portfolio Manager Assistant Jason was born in Kitchener, and has lived in the Kitchener-Waterloo region his whole life. He is currently working towards his CFP and other financial designations.
