Paula: I have “fear of missing out syndrome” (FOMO). How can I afford things that come up like trips, bachelorette parties, dinners, etc., when I have not appropriately saved for them?
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Thank you for the question Paula. FOMO is a feeling that everyone can relate to.
I would like to share how most of our clients are set up to deal with cash flow on a periodic basis before I discuss FOMO expenses specifically. Here are the four steps … Read the whole post...
I am going to tackle Aubree’s question first because it’s a little easier.
Aubree: What’s the magic number for retirement savings?
Anyone nearing retirement has the question “will I have enough?” and our process answers this for all of our clients. The results of our calculations are not always favourable though the data enables us to develop alternatives. The good news is that only slight adjustments need to be made if you start … Read the whole post...
Lynn’s Question: If I pass away before my mother, what happens to the money that she has planned to pass down to me? Would my children receive the inheritance once my mother passes away?
TCM: We often need to bring in legal experts when discussing estate planning with clients. Darren Carlson is a Partner at McDougall Gauley in Regina and has provided a response to Lynn below. We have enjoyed working with Darren in the past and thought he was … Read the whole post...
Ben & Michelle Question 1: How much should we be spending/ saving each month?
This is the most popular question that we are asked from new and existing clients. The goal of TCM’s process is to find a balance between current spending and future spending. The financial projections that we complete for clients provide the most accurate response to this question. Each financial plan will differ from case to case since the results depend on the client financial situation and … Read the whole post...
