Financial Empowerment Inc. Blog

Business Owners: What Happens if Your Plans Get Interrupted?

Advice to protect your business If you’re a business owner, you know it takes plenty of time, work and effort, and you do whatever you can to be successful now, and in the future. For example, you want to protect your business today while making sure you plan for retirement and the legacy you’ll leave behind. But what happens if your plans get interrupted? What would happen if you: Were seriously injured? Battled an illness [...]

February 6th, 2020|

One Advisor vs. Many – The Benefits of an Individualized Approach

Working with a financial security advisor can provide you with guidance unique to your situation. You secured a life insurance policy and received investment advice through your parents’ agent, you have an RRSP through your workplace benefits and your partner has investments at a financial institution that were in place before you met. Your financial situation is unique and can be complex to manage. But what if you could have one person in one place [...]

February 5th, 2020|

Your Retirement Roadmap

Ten questions to consider for retirement You’ve saved well, invested wisely and built a sizeable nest egg. Retirement is within your grasp – or so you think. Here are 10 thought-provoking questions to help you determine your readiness to retire (whatever retirement means to you). 1. When do you want to retire? In a year? Six months? At a particular age? In retirement, you’ll experience a fundamental shift – from saving to spending. The timing [...]

February 4th, 2020|

Where There’s a Will, There’s a Way

Shape your legacy: things you need to know about estate planning You spend a lifetime growing your estate so you can leave a lasting legacy to your loved ones. It’s important to complete a will that details what this legacy will look like. Dying without a will means others will be making key financial decisions about your property that may not represent your wishes. This can also result in increased costs and the time it [...]

February 3rd, 2020|

RRSPs and TFSAs – Using Your Savings

Now that you’ve watched your savings grow, you’ll eventually want or need to spend it. There are many different ways to use your savings – here are some guidelines to help you decide whether you should make a withdrawal from your RRSP or TFSA before retirement. Withdrawals from an RRSP If you make a withdrawal from an RRSP, this contribution room is permanently lost, and you’ll pay income tax at the time of withdrawal. You [...]

February 2nd, 2020|

What People Are Saying About Us

“I contacted Mike to assist me in implementing a savings/retirement plan for myself, my daughter and my grandson. His knowledge of the products that would best suit all of us at our different stages in life was impressive. I would highly recommend Mike to assist you in preparing for a more secure financial future.”

“Mike helped something I find very complicated to become clear. He really helped to put together a package that would meet my needs and does constant follow ups.”

“I would personally refer Mike for the fact that he goes above and beyond to help and look out for your best interest. Everyone needs to set up a meeting with this guy!”

“As a Chartered Accountant, I advise my clients to seek the advice of professionals in the appropriate specialty related to their specific needs. When it comes to insurance and investments, the services provided by Michael Suter of Financial empowerment are second to none”

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