Been There Financial Planning

06/19/2023

If you know anyone with a disability tell them to check out this great resource...https://rdsp.com/calculator/
If the person with a disability qualifies for the disability tax credit then the grant available could be very helpful. Visit www.BeenThereFinancial.com to get support on RDSPs.

Been There is an independent, fee-only financial advisor in Ottawa, Ontario. We are financial planners that do not sell products, just provide advice, have no commissions, and we provide transparent pricing. Schedule a free 30-minute meeting with us to get started.

06/19/2023

Passive index investing is most often best for most investors. Check out this SPIVA report for supporting information..https://spglobal.com/spdji/en/documents/spiva/spiva-canada-year-end-2022.pdf
The key takeaway..."Few (actively managed) funds in the U.S. Equity category outperformed over the long term..."

09/11/2022

If you are concerned about running out of retirement savings and being financial secure you may consider a Tontine. This is now available in Canada. Check this out...

https://www.advisor.ca/news/industry-news/guardian-longevity-funds-target-investors-seeking-retirement-security/

The lump sum payout could help fund long term care, provide for an annuity, or fund your legacy by providing a gift to your grandchildren. My favorite option is to use the lump sum to pay for a trip around the world.

GuardPath funds aim for steady cash flow over 20 years or a large payout for survivors in 2042

02/14/2022

You can get a free financial snapshot here...

Get your free financial snapshot. After filling out a short survey your financial planner will contact you to discuss the results. The results are used to produce your own financial report card which can be used to measure improvements over time, keep you motivated, and help you achieve your goals,

02/14/2022

Here is great money savings tip...
I just paid my house insurance premiums annually rather than monthly, and saved about 5%. Something to consider for your own home policy.

02/14/2022

A great article about spousal RRSPs. I really liked the idea of having the high income spouse making the spousal RRSP contribution & the lower income spouse using the Home Buyer Plan (after 3 years) to fund the house purchase. A win-win, a deduction and down payment.
The best line of the article: "...when it comes time to repay the HBP the spouse with little or no income may decide not to repay the money. If they have little or no income then there will be little or no tax to pay if the repayment is not made."

Who can claim an RRSP withdrawal as income—the contributor or the spouse—and when it’s best to take any money out of the registered account.

01/16/2022

We help clients make personal finance decisions that results in them feeling safer and more confident in their financial future. Been There Financial Planning believes in putting the client first, and providing trustworthy, and reliable advice to help clients achieve their financial goals.

Been There Financial Planning is different from most financial planners. We provide advice not products, and our advice is unbiased because we are not paid by commission. We work to keep our fees reasonable, frequently encourage clients to utilize low-fee investments, and are always working to provide value to our clients. We provide transparent pricing, and most clients are charged a flat fee, regardless of their income or value of their assets. Finally, clients are provided with an invoice, so they can see exactly what they are paying for.