Author Archives: Jim Yih

Do You Need Life Insurance?

I recently read a discussion forum about this important question: Do you need life insurance? In this forum, there were some incredibly intelligent people that ranged from financial advisors, fee for service advisors, life insurance agents, financial bloggers and even do-it-yourselfers. Life insurance has forever been a controversial topic of discussion. The roots of negativityContinue Reading

RESP Withdrawal rules

It’s that time of year again when students of all ages head back to school.  For younger students, parents are reminded to think ahead and put money into RESPs to help pay for post secondary education. For those that are now going to post secondary school, it’s not about putting money into RESPs as itContinue Reading

What Is The Best Type of Life Insurance?

If you’re not familiar with life insurance, it can seem like a different language. You’ll hear things like whole life, universal life, critical illness, term insurance, and temporary and permanent needs. Understanding a bit about insurance can help you make an informed decision about the coverage that’s right for you, your family or your business.Continue Reading

Rent or own vacation property

Every year, I meet more and more people that have bought vacation property or are thinking about buying vacation property.  The question I get is whether this is a good idea or not. It’s in the numbers I’ve always said there are two influences to every decision we make – the logical influence and theContinue Reading

Teaching kids to save with a piggy bank

There are lots of different strategies to teach kids to save money but the classic icon for saving money is the pink piggy bank. I started to teach my kids about money and saving at the age of 2.  Every child got a piggy bank and $3.41 which is a Twoonie, Loonie, quarter, dime, nickelContinue Reading