Newsletter | Cordis Financial

Universal vs. Whole Life

Executive Summary Financial terminology is crystal clear for those folks who work in and are exposed to the financial industry on a regular basis; everyone else finds the definitions and implications difficult to understand. “Universal” and “Whole Life life insurance...

Universal Life

Life Insurance

Executive Summary Universal Life insurance is a combination of two important elements; a whole life policy, and savings vehicle. Each part performs a specific function, and together they deliver value in a single financial instrument. What you need to Know As long as...

TFSA vs. RRSP

RRSPs, TFSA

Executive Summary Whether you should invest in a Tax Free Savings Account (TFSA) or a Registered Retirement Savings Plan (RRSP) is a question that affects almost every investor, regardless of age or amount of savings. For most, the answer is a bit of both. If you have...

Spousal RRSPs

RRSPs

Executive Summary Spousal Registered Retirement Savings Plans are not universally understood by investors, and are certainly not utilized to their maximum benefit. These financial vehicles were designed to encourage retirement savings with tax breaks at time of...

Spousal Loans

Income Splitting, Taxes

Executive Summary Income splitting is one the of the most practical ways for families to reduce their taxes. If done properly, income splitting can allow a higher earning spouse to shift income to the lower earning spouse, who will subsequently be taxed in a lower tax...

Segregated Funds

Investments

It’s a question we hear often – can I guarantee my investment? Well, in a sense, yes - the product you’re talking about is called a Segregated Fund. Segregated funds, usually referred to as “Seg Funds”, are individual insurance contracts that invest in one or more...

Retirement Income Planning

Financial Planning, Retirement

Executive Summary Many client-advisor relationships are focused almost exclusively on amassing wealth. It makes perfect sense – people want to preserve and grow their wealth in order to afford their preferred lifestyle and save for the future. However, once the future...

Retirement Income

Financial Planning, Retirement

Executive Summary When establishing the best strategy to access retirement funds, it is vital to determine a few important points: What is your estimated cost of living goal for the first year of retirement? What are other sources of income you expect beyond your...

Protect Wealth

Critical Illness Insurance, Life Insurance

Executive Summary As your wealth grows, so does the level of financial risk you inherently take on. The higher your income, the more you have to lose if you were to be diagnosed with a serious illness, become disabled or are otherwise be unable to work. Your ability...

Mitigating Decline