Posts Tagged ‘retirement’
The Right Tool for the Job
Fred and Marcie worked hard to balance family, careers, and a variety of commitments in their community. Life was busy, but they had finally made it to that phase people often call “comfortable”. They used this little bump in financial freedom to increase support for their church, as well as giving to a number of…
Read MoreFrom Life Insurance to Philanthropic Legacy
Imagine giving a large gift to charity. Are you picturing a secret, anonymous donation? A large novelty cheque and a photo opportunity? Of all the scenarios you might have imagined, I bet life insurance didn’t even cross your mind. However, a gift of life insurance can be a convenient, practical, and effective way to provide…
Read MoreGiving in Retirement
Retirement. At twenty, we rarely think about it. At 45, we dream about it. And, at 55 we worry about it. A significant amount of financial planning tends to focus on that time in life when, as the saying goes, we “finally stop working and start living.” But what about our charitable giving? When we…
Read MoreFreedom to Take Your Time
From the time we are young, we are taught that decisions about money are not to be taken lightly. We need to take the time to decide where our hard-earned money goes. Whether it is saving up for a car, a holiday or a home, life experience familiarizes us with the pillars of financial literacy.…
Read MoreDonate Now, Disburse Later
Are you facing additional or unusual taxable income? Consider a Generosity Plan™ to help you make a strategic donation now and support your favourite charities for years to come. John* was nearing retirement when an economic downturn forced his company to make some tough decisions. The severance package he received provided more than he needed…
Read MoreA Business Option Worth Considering
Business succession planning provides the perfect opportunity to use strategic generosity to fulfill your charitable aspirations while maximizing tax efficiency. The majority of small and mid-sized businesses in Canada are owned by individuals over fifty[1]. Within the next 10-20 years, many of these businesses will experience an ownership transition due to life events such as: Retirement…
Read MoreTell Your Story with a Legacy Gift
In Part One, I shared the shocking statistic that a majority of Canadians do not have a current legal will. Sadly, many people avoid the task because they are afraid to think about the end of their life. However, taking a proactive approach to estate planning not only ensures your wishes can be followed but…
Read MoreBuilding A Charitable Legacy Using Life Insurance
As David and Anna settled into the rhythm of retired life, their thoughts turned to the future. They had always prioritized two things – family and charity. They knew there must be a way to support both with their estate but were not sure of the best options. They contacted Abundance Canada for help. David and…
Read MoreA Family Tradition of Generosity (Part One)
Right now, many families are experiencing a new kind of togetherness. The pandemic has suddenly and indefinitely moved everyone’s round-the-clock routines under one roof. Social media is abuzz with ideas for family craft projects, photos of completed massive jigsaw puzzles, and instructions for growing sourdough starter. But have you thought of charitable giving as a…
Read More