Archive for 2010

MODEST NEEDS EQUAL EARLY RETIREMENT

December 23rd, 2010

The Globe and Mail – Financial Facelift by Dianne Maley

web_gmm“Natasha and Trent face a momentous decision. In less than a year, they plan to quit their jobs, sell their Vancouver condo and move to a much less expensive town in Eastern Ontario.  She is 55 and he 57 – young to be putting up their feet and living off their savings for another 30 or 40 years. “It’s a big decision to make because if we quit our jobs and realize shortly after that we do not have sufficient investments to live off, it will be difficult to find work again,” Natasha writes in an e-mail. They have no pensions whatever so how they invest their savings is critical. They hope to clear enough money from the sale of their Vancouver condo to buy a comfortable house in their new location. We asked Gina Macdonald, financial planner and portfolio manager at Macdonald Shymko & Co. Ltd. in Vancouver, to look at Natasha and Trent’s situation.”  Click here to read the rest of this article

FINANCIAL PLANNING: INVESTING ROAD MAP CAN KEEP YOU ON TRACK

November 17th, 2010

The Globe and Mail – by Dianne Maley

web_bls“One of the many advantages of hiring a professional financial planner is the investment policy statement that flows out of the planning process. It will temper your exuberance when markets are rising and stiffen your backbone when they drop.  This statement is in addition to the “know your client” form used by investment dealers, which includes the minimum amount of information required by regulators.”

“The investment policy statement is the source document in terms of how we look at a client’s portfolio and make recommendations,” says Brinsley Saleken, investment counsellor at Macdonald, Shymko & Co. in Vancouver. “It’s a source of sober second thought.”  Click here to read the rest of this article

COUPLE’S BEST MOVE MAY BE TO PAY DOWN DEBT

August 27th, 2010

The Globe and Mail – Financial Facelift by Dianne Maley

web_kc“During the years they lived and worked in Hong Kong, Ross and Debby earned good money, “spent lots and saved lots,” he writes in an e-mail. When they left for Ross’s native Canada in 2008…“Money is the only thing we argue about,” Ross writes. “We hope you can help.” We asked Keith Copping, an investment counsellor and financial planner with Macdonald Shymko & Co. Ltd. in Vancouver, to look at Debby and Ross’s situation.” Click here to read the rest of this article 

GETTING A HANDLE ON SPENDING

July 2nd, 2010

The Globe and Mail – Financial Facelift by Dianne Maley

web_gmm“Jill and Darby, both 62, are looking forward to easing into retirement. She has her own business and he has just quit his job to work as a consultant. Together, they earn a tidy sum, netting $10,000 a month. But their spending is high, too. And they are in the real estate market up to their ears. “Can we survive in retirement?” Jill asks in an e-mail. We asked Gina Macdonald, a financial planner at Macdonald, Shymko & Co. Ltd. in Vancouver, to look at Darby and Jill’s situation.”  Click here to read the rest of this article 

TIRED OF HIGH MUTUAL FUND FEES?

June 2nd, 2010

The Globe and Mail earlier discussion published June 02, 2010

“If you’re looking for a smart way to invest your savings, consider passive investing as part of your financial plan. Ian Black, a principal at the fee-only financial advisory firm Macdonald, Shymko & Company Ltd. in Vancouver, took your questions on passive investing and how effective it is. He is a registered financial planner and has been advising clients for over 15 years. Here’s the Financial Facelift case that he took on:”  Click here to read the rest of this article 

                                                                                                                                                                                                                     web_ibMORTGAGE-FREE, AND RETIREMENT-BOUND

The Globe and Mail – Financial Facelift by Dianne Maley, published May 28, 2010

“Ella and Ken will be mortgage-free in June. The B.C. residents wonder what to do with the extra $2,000 a month they will soon have: sock it away in registered savings plans, or buy a rental property in Vancouver’s popular, and expensive, Kitsilano neighbourhood. “We are confused as to whether the property is the best way to go considering that we would most likely have to pay capital gains when we sell,” Ella writes in an e-mail. We asked Ian Black, a financial planner with Macdonald, Shymko & Co. Ltd. in Vancouver, to look at Ken and Ella’s situation.” Click here to read the rest of this article

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