Retirement for Business Owners

For Many business owners the ability to save and invest for retirement has been directly impacted by current the economy in Kelowna. 

When sales and profits are down, saving and investing for retirement are not always the top financial concern. 

The other day I was asked by a number of my friends at the Okanagan Business Referral Group (OBRG) about my ideas on how to best to deal with retirement as it relates to business owners. 


Here are 3 ways of investing to create an income stream for retirement if you are business owner.

Financial Review for 2011

2011 is over now and your annual statement is soon to arrive. Is your account up or down? Are you closer to retirement? What a great time to review your financial game plan. 


Even after being in the investment industry for more than 15 years nothing can be more depressing than reviewing your investment returns after a decade and only seeing a average return of only 3 or 4 percent.  


If this is you, you are not alone.


So now the question is should you change what you are doing and give up investing altogether? If this question is weighing on your mind here are some questions you should ask yourself and check out the infographic on investor behaviour below.

Handling Life Insurance Proceeds

We all will die someday.  Once we are gone we are nothing more than the assets we leave behind and relationships we have developed. Best of all our worries are over.


That of course cannot be said for those we leave behind. In addition to planning the funeral, dealing with the final tax returns, and probating the estate there is the issue of how to deal with the life insurance proceeds.


What would you do with a cheque for 400,000?

Stay Informed about Your Investments

With all the volatility in the markets, risk and investment suitability has become more of an issue for investors. It wasn't too long ago, when everything was going up, that few wanted to question how their investment actually worked.

Higher returns seem the most important financial issue when choosing an investment, but pale in comparison to the reality of loss when your investment does not perform as expected. What can be done to minimize the risk loss?

Of course there are some financial strategies you can use such as diversification, dollar cost averaging and buying at a discount using a value manager. One strategy that is commonly overlooked, because it just seems obvious, is knowing what you own.

When was the last time you reviewed what the top 10 holdings in your portfolio? How is your manager buying these holdings? How are you doing in comparison to others? Are you comfortable with the strategy you are using?

Check out this excerpt from Mackenzie Financial Insight Magazine below ...

Investing in your 40's

The other day I had a someone call concerned that their opportunity to invest had passed them by. There is much to be said for starting early ... but it is not always easy to do everything with kids, mortgage and bills.

Check out this article from Mackenzie Financial Insight Magazine / Website on Investing in your 40's ...