Retirement: Make The Best Of Your First 100 Days

An incoming president focuses on using his political capital to make his mark in the first 100 days of his administration. An executive in a new leadership role tries to gain traction in the first 90 days to add the value she was hired for. A good start can make or break a career.

In Michael Watkins’s book “Your First 90 Days: Proven Strategies for Getting Up to Speed Faster and Smarter” he explains how a new position, particularly one involving a promotion, often requires different skills than the ones that got you there.

For example, a manager with great attention to detail may falter in a director position where his team feels micromanaged. Transitions can be uncomfortable, since those involved are navigating uncharted territory.

retirement

Finding Happiness in Retirement

Finding happiness in retirement is no different. The concepts Watkins outlines on managing transitions can be applied to the ultimate transition — leaving the workforce and entering retirement.

Read the full article here: Forbes

From Nancy Anderson.

Why your TFSA is just what your over-taxed RRIF needs

As RRSP season closes and many Canadians prepare for tax time, a CBC Marketplace investigation reveals that financial advisers at some of Canada’s top banks and firms are giving consumers inaccurate, misleading and inappropriate advice.

Meanwhile, consumers face a complicated patchwork of regulatory bodies if they want to complain about bad investment advice, as some investor rights groups call for more robust consumer protection rules.

Read the full article here: Financialpost

From Fred Vettese.

canadian money

Investments – What Would October Be Without Some Market Volatility?

Well before we start running for the hills let’s look at where we have come from to see if we can crystal ball where we are going.

Investments Financial Planning

Investments – Financial Planning

Since the market last bottomed out in 2009, Canadian and U.S. Markets have rallied on an accumulated basis over 110% and 200% respectively. During that 5 year period of extraordinary growth, we have endured US political deadlock, the Greek default of 2010, Eurozone crisis in 2011 and now we have the conflicts in the Middle East, Russia acting as a bully and slowing economies in Russia and China.

Countering that is:

  1. Steady growth in the U.S. and record low jobless claims with falling prices (in the U.S. anyway) at the gas pumps.
  2. The investment funds we recommend continue to produce positive return in 2014 following their very strong 2013 returns.

So what does this mean?

In my opinion this is a normal and healthy correction necessary when markets tend to get ahead of themselves.

Our fund managers actually anticipated this event and recently moved to more defensive positions in their portfolios.

In other words – it is business as usual and we continue to be satisfied with your fund allocations and management.

Contact Us

Call us at 1-800-665-7707 for a complimentary review to see if any of our proven financial strategies will work for you. Please do not hesitate to contact Ron or myself if you have any questions or want to discuss your portfolio.