Business Owners
Strategies to help increase your personal cash flow, keep key employees and protect your business.
Strategies for Families
Customized solutions based on you, plans for you to accumulate and protect your wealth.
Strategies to help increase your personal cash flow, keep key employees and protect your business.
Customized solutions based on you, plans for you to accumulate and protect your wealth.
How to Make the Best of Inheritance Planning
/in blog, Charitable Gifting, Estate Planning, Family, Investment /by Alto, Chang and Associates Financial ManagementInheriting an unexpected, or even an anticipated, lump sum can fill you with mixed emotions – if your emotional attachment to the individual who has passed away was strong then you are likely to be grieving and the thought of how to handle your new-found wealth can be overwhelming and confusing but also exciting. One of the best pieces of advice in this situation is to give yourself some time before making any binding financial decisions. The temptation to quickly put the money to so-called ‘good use’ or to rush out and spend it can be strong but you must allow the news to sink in and also take some time to consider your options before you embark on the process of dealing with the inheritance. In the short term, put the money away in a high interest savings account and take time to research and think carefully about your financial goals and objectives and how this inheritance can help you to secure and maximize your financial future in the best way.
Getting the best from a financial advisor
/in blog, Business Owners, Charitable Gifting, corporate, disability, Estate Planning, Family, Group Benefits, health benefits, Individuals, Investment, life insurance, long term care, pension plan, Retirees, RRSP, tax, Tax Free Savings Account, travel insurance /by Alto, Chang and Associates Financial ManagementWorking with a professional to help you to make sense of your finances can be a wise move, but for this relationship to work effectively it is important that you understand what to expect from your financial advisor.
Tax Lines to look out for
/in blog, Charitable Gifting, disability, Family, Individuals, Investment, Retirees, RRSP, tax /by Alto, Chang and Associates Financial ManagementIt’s that time of year again, when many of us sit down to complete our income tax return and hope that we have done enough preparation to ensure a smooth and speedy process. Unfortunately, there are a number of complexities that can cause us problems – here are a few of the most common issues experienced by individuals when submitting their tax returns