1. The solution they provide does not take into considerations the real dangers she will be facing.

They recommend that she waits till she pays off her mortgage and car loans before she starts saving! Only then will she have extra cash flow to start putting away.
She NEEDS to start building Capital today for her future NOT when she turns 50 years old!!!

In Toronto, a single mother we’ll call Carol, 42, is raising her two children, ages 10 and 13. She nets $3,500 per month after tax from her home-based business and $1,300 in child support for total monthly after-tax income of $4,800.

When actors make a movie, they spend a lot of time rehearsing the next scene. Life is like that – think about how your financial plan is a rehearsal for what’s to come. With a good financial plan, you’ll be prepared for whatever your next scene brings. Without one, you might find your “happily ever after” ending lying on the cutting room floor.

If you’re in your 40s or 50s and caring for both your children and your parents, welcome to the sandwich generation. About one-third of middle-aged Canadians are part of this so-called sandwich generation and more are expected to join their ranks.

Government-sponsored facilities’ data ‘alarming’, advocacy group for elderly says

When it’s time to decide which mix of savings vehicles is right for you, your options can start looking like a hearty bowl of alphabet soup. There are Registered Retirement Savings Plans (RRSPs), Tax-Free Savings Accounts (TFSAs) and Registered Education Savings Plans (RESPs). Determining which savings plan, or combination of savings plans, is best depends on your personal situation and your objectives.

People often consider tax-saving strategies on an individual basis, but overlook family strategies that can save significant tax dollars. One good example is the income splitting you can achieve by lending money within a family.

WHAT ARE GUARANTEED INVESTMENT FUNDS? guaranteed Investment Fund product, otherwise known as a segregated fund contract, is an insurance contract offered through an insurance company.