The Globe and Mail – Financial Facelift by Dianne Maley
“Like most young couples with a child and a mortgage, Leah and Ezra are feeling constrained by their tight budget. Their question: “How can we free up our cash flow to spend a little now to live life, while also paying down debt and saving for retirement?” We asked Ngoc Day, financial planner at Macdonald, Shymko & Co. in Vancouver, to look at their situation.” Click here to read the rest of this article
The Globe and Mail – Financial Facelift by Dianne Maley
“As a military officer, Tim has a steady job with a good income and a generous pension plan. Cheryl, 30, is a stay-at-home mom. Yet Tim, 31, is dissatisfied with his job. He wants to do something more meaningful – a radical career change…Would quitting now wreck their finances? We asked Ian Black, planner with Macdonald Shymko & Co. Ltd. in Vancouver, to look at Tim and Cheryl’s situation.” Click here to read the rest of this article
The Globe and Mail – by Rob Carrick
“RESPs are a must-have savings vehicle for parents because they’re tax-sheltered and they qualify for a federal government grant… But it’s not enough to simply start a plan and contribute money every year. Parents must also learn to manage their RESP investments over the years, just as they’ll have to adjust their registered retirement savings plans (RRSPs) later on in life. David Shymko, an investment counsellor in Vancouver with Macdonald, Shymko & Co., also said he believes that parents can afford to invest aggressively in the early years of an RESP. However, he has found that parents of young children often struggle to find the money for RESP contributions and are thus very protective of the money they contribute to RESPs. “They’re squeaking out this money and, by God, they want to be confident it will be there,” he said.” Click here to read the rest of this article
Doug Macdonald as interviewed by Dana Lacey, Financial Post
“FP profiles the best people to surround yourself with to live longer, healthier and wealthier. In this final installment of a five-part series, Doug Macdonald, RFP and a fee-only financial advisor, discusses why you need a good financial quarterback on your team.” Click here to read the rest of this article
The Globe and Mail – by Rob Carrick
“Think of the new Tax-Free Savings Account as a kind of financial shopping cart. The question is, what investment products are you going to fill it with? “In most cases, you want a TFSA to generate income that is dependable and compoundable,” said David Shymko, an investment counsellor adviser with Macdonald Shymko & Co. in Vancouver. An additional consideration suggested by Mr. Shymko is liquidity. This is particularly important if you plan to use your TFSA as an emergency fund and want to be able to make withdrawals as quickly and painlessly as possible.” Click here to read the rest of this article
