Charlina Westbye, CFP - IG Wealth Management

02/08/2024

I haven’t posted in a long while, but THIS needs to be addressed. There is a significant lack of finance talk between parents & adult children.

Lack of communication can create family chaos around inheritances

09/09/2023

DID YOU KNOW that…

08/04/2023

DID YOU KNOW…Investing & saving helps in securing your future, but it doesn’t lead in securing your happiness.

07/14/2023

DID YOU KNOW…understanding that your emotions are going to play all kinds of tricks on you while invested makes you a better investor? Working with a Certified Financial Planner who helps you keep your emotions in check makes you a superior investor.
(705) 748-9599
[email protected]

06/23/2023

Yesterday at the Community Futures Peterborough AGM, I was thrilled, as Chair of the board, to share how we are collaborating with community partners to further support small business.

06/16/2023

DID YOU KNOW...that when applying for CPP your must tell CRA to withhold taxes? No doing so may see you surprised at tax time. If you're approaching, o--r are in your 60's, contact me to discuss your CPP (& OAS) options.
[email protected] or (705) 748-9599

06/09/2023

DID YOU KNOW…that you are not the beneficiary of your mortgage/creditor insurance? The lender is! This is why a TERM Life Insurance policy is often in YOUR best interest.
Ask me about how I can help you determine what’s best for you & your family.
[email protected] (705) 748-9599

05/26/2023

DID YOU KNOW…that your ability to generate income is your biggest asset? It’s not your house. Life Insurance is intended to replace the income you would have generated had you not passed away. Your income pays for your kids education, contributes to your spouses retirement, pays for child care. So don’t just get coverage for your mortgage. Let’s talk about your ideal coverage. (705) 748-9599 [email protected].

05/19/2023

DID YOU KNOW…that, for most, PROBATE fees are not worth the worry. Do NOT transfer assets, such as bank accounts, investments or real estate jointly to an adult child or someone other than your spouse without speaking to your Certified Financial Planner first! It’s not worth the hassle, nor the legal problems this can ultimately cause you or your family later. Let’s chat about your unique situation. Let’s chat! [email protected] or (705) 748-9599

05/13/2023

DID YOU KNOW…that it is often preferred to assign your spouse as your “Successor Holder” instead of as your beneficiary? Doing so will allow them to assume your TFSA (still tax free upon your death) without impacting their TFSA contribution room.
Wish to know what’s in your best interest? Contact me at (705) 748-9599 or [email protected]

04/28/2023

DID YOU KNOW…that CRA does not require your financial institution to withhold tax on your annual minimum Registered Retirement Income Fund (RRIF) withdrawals? At tax time, you will then be required to pay CRA the tax at your Marginal Tax Rate. Speak with your CFP professional about how to best manage your tax situation. They can set up a withholding tax rate specific to you. Or contact me:
[email protected] (705) 748-9599.